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The Latest Breaking News from China

Top Financial Stories Friday, September 2: GM's Cruise Recalls Some Robotaxis Over Software Glitch, Chinese Tech Giant Suffers $43M Impairment Loss On Bitcoin and Ethereum Holdings And More..

Wall Street Journal

Benzinga

Protect Your Retirement Income from Inflation

With a new President promising tariffs on imported goods from China, Mexico and Canada, inflation may rise in 2025, but that doesn’t have to jeopardize your long-term security.

Kiplinger

Fraught relations with China call for 'shitataka' approach by Kishida

"Shitataka" is a Japanese word with multiple meanings that even Japanese find difficult to explain in simple terms. For example, it can be used in the following way: "She is a quick-witted and shitataka woman." In this case, "shitataka" has a positive meaning, such as "clever," "patient" or "a tough…

The Japan News/Yomiuri

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An economic perfect storm is battering emerging markets. Debt crises loom

With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.

WEKU

"Battery passports" could help electric cars qualify for tax credits

Blockchain tech could help automakers prove their batteries' origin stories.

Axios

China accuses Taiwan's ruling party of attempting to hype tensions after drone shooting

China's foreign ministry on Friday said Taiwan's ruling party was attempting to hype tensions, after the self-governed island shot down an unidentified civilian drone this week.

Reuters

Taiwan Shooting Down Drone Near China Was ‘Appropriate’, Premier Says

Taiwan's shooting down of a drone off the Chinese coast that buzzed a Taiwanese-controlled island was the most "appropriate" thing to do after repeated warnings, and China should exercise restraint, Taiwan Premier Su Tseng-chang said on Friday. Taiwan's military for the first time shot down an unidentified civilian drone that…

Asharq Al-Awsat

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Weather tracker: South Korea and Japan brace for typhoon Hinnamnor

Strongest tropical storm of the year also forecast to hit China’s mainland this weekend after winds reach 160mph

The Guardian - UK

Chinese City of 21 Million Shuts Down over Covid Outbreak

Around 21 million people in the Chinese city of Chengdu effectively went into lockdown on Thursday as authorities raced to snuff out a new Covid-19 outbreak. China is the last major economy wedded to a zero-Covid policy, stamping out virus flare-ups with snap shutdowns, mass testing and lengthy quarantines, AFP…

Asharq Al-Awsat

Unpredictable Solomon Islands fuels U.S. concern as China's influence grows

(Corrects paragraph 17 to show Solomon Islands recognised Beijing, not Taiwan)

Reuters

India launches new aircraft carrier as China concerns grow

India has commissioned its first home-built aircraft carrier as it seeks to counter regional rival China’s much larger and growing fleet, and expand its own indigenous shipbuilding capabilities

The Independent UK

Biden to Name Arctic Ambassador as China Eyes Region

The United States and Nordic nations are growing wary of the risks of China's expanding influence in the Arctic. China considers itself a “near-Arctic state.”

The News Lens

Amid US Retail Gloom, Uniqlo Shines on COVID-Triggered Revamp

Just as inflation ravages the big guns of US apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model. Retailers from Gap to Kohl's are…

Asharq Al-Awsat

Taiwan tycoon to fund 3.3 million-strong army of ‘civilian warriors’ to defend against invasion

Robert Tsao, a microchip entrepreneur, pledges $32m to train and equip civil defence force to combat threat of Chinese attack

The Guardian - AU

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Al Jazeera

Taiwan premier says drone shot down near China was ‘appropriate’

Taiwan’s military shoots down first unidentified civilian drone in its airspace as weeks of tension with China continue.

Reuters

China railway travel hits 8-year low in summer months on virus flare-ups

Railway travel in China hit an eight-year trough and a pandemic low in the usually busy summer season, according to official data, as fresh virus flare-ups curbed mobility and hit tourist confidence.

Reuters

Shenzhen shuts most public transport as China battles multiple outbreaks

The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities on Friday as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

AAP

China diplomacy key to green steel bonanza

Energy-hungry industries get little advantage from Australia being richly endowed with gas and coal, but mining and steelmaking could win in a net-zero economy.

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The Conversation

UN report on Xinjiang abuses leaves no room for plausible deniability

The Chinese regime’s treatment of Uyghurs and other predominantly Muslim groups in the province of Xinjiang may constitute crimes against humanity, says a long-awaited report from the Office of the United Nations High Commissioner for Human Rights.

Reuters

Taiwan shooting down a drone near China was 'appropriate' - premier

The shooting down of a drone off the Chinese coast that buzzed a Taiwanese-controlled island was the most "appropriate" thing to do after repeated warnings, and China should exercise restraint, Taiwan Premier Su Tseng-chang said on Friday.

Bangkok Post

Full steam ahead for high-speed trains

High-speed train projects are an important element in Thailand's ambition to become an Indochina logistics hub with the development of the country's rail transport system being a key priority in the government's 20-year development strategic plan (2018–2037).

Axios

Biden's effort to isolate Russia has a big problem: India

India is buying Russia's oil and joining military exercises.

France 24

City of 21 million in new Covid lockdown as China maintains strict policy

China has placed millions of its citizens under renewed lockdown following fresh outbreaks of COVID-19, authorities reported Tuesday, as the government persists in its hard-line policy on containing the virus.

Bangkok Post

TMG makes move into Lao duty-free

Thai Medical Glove Co (TMG), a manufacturer of rubber gloves for medical personnel, is forming a joint venture to develop a US$500 million duty-free business in Laos to serve foreign tourists.

Bangkok Post

Laos-China rail a boon for Thais

VIENTIANE:The Laos-China high-speed railway is expected to fulfil Laos' ambition of becoming a major regional land link offering greater connectivity and better access to trade opportunities.

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