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The Latest Breaking News from China

Country Garden to be booted from Hong Kong's stock index

Country Garden is reportedly trying to extend the payment period for a bond due in September as it tries to avoid a default.

Fortune

Stocks Set to Open Higher as Investors Await Powell Speech, Economic Data

September S&P 500 futures (ESU23) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.63% this morning as market participants looked ahead to Federal Reserve Chair Jerome Powell’s speech later in the week, while also gearing up for a fresh batch of economic data.

Barchart

China's central bank cut a key interest rate to boost loans, but investors expected more

The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged. The move comes as China's economy has struggled to recover from the impact of the pandemic. The move has defied expectations…

France 24

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China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

The Guardian - UK

Russia's moon failure a dent to its space partnership with China

The crash of Russia’s Luna-25 spacecraft into the moon over the weekend isn’t just a setback for President Vladimir Putin’s ambitions to overcome war-related sanctions.

The Times of India

Shanghai Composite Index Fell 1.24% on Monday

Shenzhen Component Index closed down 1.32%

Caixin Global

Russia, China look to advance agendas at BRICS summit of developing countries in South Africa

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week

The Independent UK

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Why China is grappling with falling prices – and being compared to Japan

The world’s second-largest economy is grappling with deflation, raising fears of Japan-style stagnation.

Al Jazeera

Antim targets Asiad, Worlds medals after 'lucky break'

NEW DELHI: Fresh from creating history at the U-20 World Wrestling Championships in Amman, Jordan, teenage wrestler Antim Panghal has set her sights on winning a medal at the upcoming World Championships in Belgrade, Serbia and then the Asian Games in Hangzhou, China. In Jordan, Antim became the first Indian…

The Times of India

China-brokered Saudi-Iran deal driving ‘wave of reconciliation’, says Wang

Beijing’s top diplomat lauds improving ties between Iran and Saudi Arabia, calls for full resumption of nuclear deal.

Al Jazeera

Data | India tops AI projects in GitHub

In 2022, Indian software developers were the top contributors to AI projects on GitHub, accounting for 24.2% of the total. This information comes from Stanford’s AI Index Report. However, China leads in AI-related journal publications. In terms of international collaboration, the U.S. and China have been dominant in AI partnerships.…

The Hindu

Chinese video games are on the rise, but I wish they got more respect

China is the world’s biggest gaming market, where a culture of creativity has flourished – so please do not conflate companies and players with a repressive regime that cracks down on individual expression

The Guardian - UK

Red bands in the black but, above the line, Fonterra puts farmers in red ink

Brace for impact as markets tumble on renewed central bank warnings, and Fonterra lowers its farmgate milk price forecast for the second time in a fortnight. Andrew Patterson reports.

Newsroom.co.nz

Sunday Scaries: What I'm Watching This Week In The Grain Markets

Soybeans have the most bullish fundamental outlook of the big three. Taking a deep dive into why.

Barchart

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The Hindu

India an ‘environmental basket-case’, says Ramachandra Guha

Historian Ramachandra Guha says India would be an "environmental basket-case" even without climate change. He compares effects of colonialism in Nilgiris & Garhwal Himalayas, noting proximity to China & religious tourism in latter threaten sustainability.

The Guardian - UK

‘I eat to understand’: cook and writer Fuchsia Dunlop on her lifelong love of Chinese cuisine

For 30 years, Fuchsia Dunlop has championed and celebrated Chinese food in the West – so much so that she now also has a loyal following in China

The Guardian - UK

China is too big for a Soviet Union-style collapse, but it’s on shaky ground

With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden

The Hindu

People in Ladakh raising concern over China taking away grazing land: Rahul

Congress Member of Parliament Mr. Gandhi on August 20 visited the banks of Pangong Tso in Ladakh and paid tributes to his father and former Prime Minister Rajiv Gandhi on his birth anniversary.

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The Independent UK

US, Japan and Australia plan joint navy drills in disputed South China Sea, Philippine officials say

Two Philippine security officials said that the United States, Japan and Australia are planning a joint navy drill this week in the South China Sea off the western Philippines after a recent show of Chinese aggression in the disputed waters

The Guardian - UK

The Observer view on the Camp David summit: it signals a new cold war – this time with China

The meeting between Joe Biden and the leaders of Japan and South Korea symbolises a profound hardening of attitudes in the Pacific

The Guardian - UK

Joe Biden aims for a Middle East hat-trick. He’s delusional and out of time

The US president is pushing for a Saudi-Israel deal, a breakthrough on Palestine and an understanding with Iran. But the ‘American century’ is long gone

Tom’s Hardware

AMD Allegedly Preps RX 6750 GRE To Rival RTX 4060 Ti At $299

The latest rumors from China claim that AMD will reportedly launch a Radeon RX 6750 GRE to compete with the GeForce RTX 4060 Ti.

The Hindu

Explained | Why is the BRICS summit important for India?

BRICS 2023: How will fruitful India-China talks have a bearing on Delhi G20 summit? Will Vladimir Putin attend South Africa BRICS Summit?

The Guardian - AU

Why is the Australian dollar falling so fast – and what does it mean?

Some analysts believe the dollar may go below US60c, bringing joy to exporters and tourists, but encouraging further interest rate rises

The Hindu

With no breakthrough yet, India, China continue dialogue on LAC impasse

Efforts to break stalemate in Depsang, Demchok ahead of G-20 Summit. India, China hold Major General-level talks to end 2020 stand-off. Expectations of breakthrough, forward movement on ground. PM Modi, Chinese President Xi to attend BRICS Summit in South Africa.

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