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The Latest Breaking News from China

Xi Jinping’s party purge prompts fears of greater Taiwan invasion risk

Observers wonder whether there is anyone left in CCP to stop Chinese president making a rash move

The Guardian - UK

US charges alleged Chinese spies over plot to obstruct Huawei probe

Two suspected Chinese intelligence officers have been charged with attempting to obstruct a US criminal investigation of Chinese tech giant Huawei by offering bribes to someone they thought could provide inside information, the Justice Department announced Monday.

France 24

China’s wealthy activate escape plans as Xi Jinping extends rule

Rich citizens fearing high taxes and personal safety move capital out of country and arrange residences overseas

Financial Times

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Biden team works on setting up Xi meeting as Chinese leader tightens grip

WASHINGTON — The U.S. won’t change its stance toward China as a result of Xi Jinping seizing more power in a key Communist Party congress, with advisers still trying to set up a meeting between President Joe Biden and the Chinese leader, U.S. officials said.

Tribune News Service

U.S. takes note of China congress, says important to keep communications open

The United States said on Monday it had taken note of the Communist Party congress in strategic rival China that confirmed Xi Jinping in an unprecedented third term as leader, and stressed the importance of keeping lines of communication open.

Reuters

ASX runs out of steam ahead of federal budget after Wall Street boost on hopes of lower interest rate rises

The Australian share market increases for the second day in a row after Wall Street rise, but gains are limited as oil refiner Ampol and plumbing firm Reliance Worldwide slump on trading updates.

ABC News

Small player EV Primus preps electric car supermarket

EV Primus Co, the distributor of China's second-largest automaker DFSK (Dongfeng), is planning to set up an "EV supermarket" for motorists with varied lifestyles as it strives to compete in the electric vehicle market.

Bangkok Post

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No women named to China's powerful Politburo for first time in 25 years

The new leadership is also packed with Xi loyalists.

Axios

US charges two Chinese citizens with interfering in telecoms case

US accuses alleged Chinese intelligence officers of trying to impede prosecution of Chinese telecommunications firm.

Al Jazeera

Clampdown on chip exports is the most consequential US move against China yet

When Nancy Pelosi travelled to Taiwan in August, it made front page news around the world and raised the spectre of all-out war between the US and China.

The Conversation

Triumph, tragedy and climate change: telling the stories of the Sherpas of Everest

Few communities have enjoyed the collective fame and individual obscurity of the Sherpas. This minority group, living across the high-Himalaya border between Tibet (China) and Nepal, has become famous for its many world-class mountain climbers.

The Conversation

Pacific power struggle between China and US set to escalate after Xi Jinping locks in leadership

The Pacific looks set to benefit economically, but some island nations may also face "danger" to their democracies, after China's president cements his grip on the country's leadership.

ABC News

Chinese former leader Hu Jintao's removal was in full view of the foreign press, but heavily censored in China

Chinese state-owned media chalked up the incident to health issues, but little information seeped through to the Chinese-speaking public thanks to Beijing's censorship.

ABC News

US Charges More Than A Dozen Chinese Agents With Multiple Acts Of Espionage: What You Need To Know

U.S. Attorney General Merrick Garland accused China of committing acts of espionage against the United States in a Monday press conference. Here's what you need to know:

Benzinga

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The Guardian - US

Chinese spy duo charged in Huawei case as US condemns ‘egregious’ interference

Pair allegedly tried to bribe top US official as attorney general says DoJ ‘will not tolerate attempts to undermine the rule of law’

France 24

All of Xi's men: Loyalty first for new Chinese leadership

Seven men and all his ducks in a row. Xi Jinping's third term has been rubber stamped and a new Communist Party leadership unveiled at a Congress that is set to shape China’s politics for much more than just the next five years. We ask about those promoted, like Li…

WEKU

U.S. charges 13 in cases that involve alleged plots to advance Chinese interests

The prosecutions are the latest example of the Justice Department's efforts to combat what U.S. officials say is a relentless effort by Beijing to steal American secrets and technology.

InsideEVs

China: Tesla Cut Model 3 And Model Y Prices By 5-9%

Today, Tesla applied noticeable price cuts to all versions of the Model 3 and Model Y electric cars in China, which suggests a weakening demand.

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news in one place.

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The Independent UK

Trump news – live: Clarence Thomas spares Graham from testifying in Georgia as Trump Organization trial begins

Trump ally avoids testifying for now as former president’s company goes on criminal trial

Benzinga

Tesla Shares Drop Following China Price Cuts. What Does It Mean For NIO, XPeng And Li Auto?

Tesla Inc (NASDAQ: TSLA) shares dropped another 4.6% on Monday morning after the electric vehicle company reduced prices on its standard Model 3 and Model Y vehicle models in China by 4.7% and 8.9%, respectively.

Wales Online

New PM Rishi Sunak will have to get a grip of volatile post-Truss economy and cost of living crisis

The list of 'hot potato' challenges faced by Mr Sunak

Benzinga

Why Chinese, Hong Kong Stocks Are Tanking As Xi Jinping Consolidates Power

U.S.-listed Chinese stocks were crushed on Monday morning after the Chinese Communist Party concluded its national congress meeting over the weekend.

Benzinga

What Pandemic? Joinn Lab Posts Bumper Profit Despite Covid Disruptions

Key Takeaways: Joinn Lab’s net profit in the first three quarters of this year surpassed the figure for all 2021 as the company rapidly expanded its capacity The company is strongly positioned due to high barriers to entry, and a broad presence in its industry chain through its acquisition of…

Benzinga

Huadi: Big News Coming, or Just Another China Meme Stock?

Key Takeaways: Huadi International’s shares soared 90% on Friday despite a lack of news from the company, which hasn’t released any financial results since February The company could sell up to $300 million in new shares, according to a June stock exchange filing, equal to nearly half of its market…

The Guardian - AU

Almost half of Australians support sending military to help defend Taiwan, poll suggests

YouGov survey finds people in Australia more likely to favour sending troops than people in Japan and US

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