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The Latest Breaking News from China

China says CIA spy uncovered after recruitment by US in Italy

China’s Ministry of State Security says Chinese employee of military-industrial firm was recruited by the CIA in Italy.

Al Jazeera

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India

Joe Biden fears China is ‘ticking time bomb' posing danger to world

WASHINGTON: President Joe Biden expressed concern that China’s economic and demographic problems have turned the world’s second-largest economy into a “ticking time bomb” that threatens the rest of the world.

The Times of India

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Once China’s top builder, Country Garden turns into penny stock

BEIJING: Country Garden Holdings Co, formerly China’s largest developer by sales, has become a Hong Kong penny stock amid increasing scrutiny of its operations and mounting liquidity concerns.

The Times of India

China accuses US of trying to block its development and demands that technology curbs be repealed

China has accused Washington of trying to block its development after President Joe Biden stepped up a feud over technology and security by tightening controls on U.S. investments that might help Beijing develop its military

The Independent UK

China launches new radar satellite for disaster mitigation (video)

China launched a new radar remote sensing satellite for environmental monitoring on Tuesday (Aug. 8).

Space

China's Zeekr Teases 001 FR Performance EV, Says "Plaid Is Dull"

Chinese premium EV brand Zeekr has started to tease a new high-performance model called 001 FR that will allegedly make Tesla's Plaid look "dull."

InsideEVs

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China’s Grip On Tesla’s Battery Supply Chain Highlighted In New Report

Several Chinese companies supply essential battery components to Tesla, but the brand aims to lower its reliance on imports.

InsideEVs

Top 4 Coal Stocks Investors Are Gunning After

While the global trend leans toward adopting cleaner and more sustainable energy options, the coal industry's positive outlook is expected to persist due to robust demand from emerging economies. Therefore, four fundamentally sound coal stocks, China Shenhua Energy Company (CSUAY), CONSOL Energy (CEIX), SunCoke Energy (SXC), and Hallador Energy (HNRG),…

StockNews.com

The Guardian view on China and Ukraine: beware great expectations

Editorial: Gestures from Beijing should not be mistaken for a substantive shift in position. But they should not be ignored either

The Guardian - UK

Australian journalist jailed in China says she only gets sunlight for 10 hours a year

‘In my cell, the sunlight shines through the window but I can stand in it for only 10 hours a year’

The Independent UK

The White House’s latest assault on Chinese tech may not have a big effect at first, but it sends a powerful message

The U.S. won’t allow China to develop its military with American help.

Fortune

China investments ban: What does Joe Biden’s move mean for tech?

The US is set to place new curbs on advanced computing and AI tech used by China’s military

Evening Standard

What Deal Are The Americans And Saudis Negotiating?

U.S. and Saudi negotiations are centered on two main issues: China and America’s strategic alignment in the Middle East.

Zenger

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The Independent UK

Philippine president suspends 22 land reclamation projects in Manila Bay after US airs concerns

Philippine President Ferdinand Marcos Jr. has ordered an indefinite suspension of 22 major land reclamation projects in Manila Bay to allow a study of their environmental impact and legal compliance

The Independent UK

A global law firm separates from its Chinese partner, citing cybersecurity and data rules

One of the world’s biggest law firms says it is separating from the Chinese firm that was part of its global network for eight years, citing changes in cybersecurity and other rules that have rattled foreign companies

Fortune

China hailed a property developer with $64 billion in revenue as a role model. Now the country’s property crisis threatens to send it into default too

Country Garden was meant to be a survivor of China’s property crisis, but a missed interest payment shows that it’s also tight on cash.

Tom’s Hardware

U.S. Bans Future Investments in Chinese AI, Semiconductor, and Quantum Computing

U.S. president signs executive order to prohibit American companies to invest in Chinese AI, semiconductor, and quantum computing companies.

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Barchart

Markets Today: Stocks Climb and Bond Yields Fall on Supportive U.S. Inflation News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.54%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.80%. Stock indexes this morning are moderately higher after the weaker-than-expected U.S. Jul CPI report bolstered the outlook for the Fed to pause its interest rate...

France 24

Russia hopes to pull ahead in the space race with the launch of the Luna-25 moon lander

Russia is taking a big gamble as it prepares to launch its first spacecraft to the Moon since 1976 on Friday. After decades of failed space missions, and with the war in Ukraine making it a pariah on the international stage, Russia is hoping to re-emerge as a major player…

Evening Standard

China hits out at UK amid clash over London embassy move

China has called on the UK to “fulfill” its international obligations amid a clash over moving its embassy to east London.

Caixin Global

Another Chinese Chip Design Venture Is Shutting Down

Geely Holding’s Xingji Meizu Group decides to terminate the business due to uncertainties in the global economy

The Guardian - UK

First Thing: dozens die in unprecedented Hawaii wildfires

Fires fanned by Hurricane Dora have ripped through historic Lahaina. Plus, Trump asks to review classified evidence at Mar-a-Lago before trial

The Guardian - UK

China’s moratoriums on fishing do ‘nothing to protect squid’

Analysis by conservation group Oceana suggests areas where suspension imposed are not fished by fleets anyway

The Independent UK

China expands the number of countries for travel by its big-spending tourists

China has increased the number of countries that its big-spending tourists can visit by more than 70 following the lifting of its last COVID-19 travel restrictions

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