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The Latest Breaking News from China

Indonesia parliament approves membership of China-backed regional trade deal

JAKARTA: Indonesia's parliament on Tuesday passed a law cementing the country's membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world's biggest trade bloc.

Bangkok Post

China’s biggest property developer Country Garden sees profits plunge 96%

The company blames the ‘severe depression’ in the property market and says ‘only the fittest will survive’

The Guardian - AU

Rain eases China’s record heatwave but fresh energy crisis looms

Weather agencies warn of flooding as analyst warns a winter energy crunch is ‘highly likely’

The Guardian - AU

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As China’s property crisis grows, is the global economy at risk?

China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.

Al Jazeera

China's big cities, from Dalian to Shenzhen, ramp up COVID curbs

Several of China's biggest cities imposed tougher COVID-19 curbs on Tuesday, further crimping the activities of tens of millions, and sparking fresh concerns for the health of a barely growing economy.

Reuters

Guatemala pledges support for Taiwan, China accuses island of 'political manipulation'

Guatemalan Foreign Minister Mario Bucaro said on Tuesday that the Central American country will "always support" Taiwan, after China conducted its largest-ever military drills around the self-ruled island earlier this month.

Reuters

Alibaba, XPeng Slip As Hang Seng Breaches Key Support Level: American Firms' China Optimism Hits Record Low

The Hang Seng Index opened 1.5% lower on Tuesday, as investors factored in the possibility of an aggressive rate hike in the U.S. when the Federal Open Market Committee meets in September. Market participants also weighed the results of a survey that showed American firms’ optimism about China hit a record low.

Benzinga

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Biden plans to ask Congress to approve $1.1 billion arms sale to Taiwan- Politico

The Biden administration plans to ask the U.S. Congress to approve an estimated $1.1 billion arms sale to Taiwan, including 60 anti-ship missiles and 100 air-to-air missiles, Politico reported on Monday, citing sources, amid heightened tensions with China.

Reuters

'It felt like my insides were crying': China COVID curbs hit youth mental health

HONG KONG Reuters) - Zhang Meng had a breakdown last December. The 20-year-old found herself sobbing on the stairs of her dorm, driven to despair by repeated COVID lockdowns of her university campus in Beijing.

Reuters

Russia to launch major military drills with China and others

Vostok 2022 military manoeuvres to be held September 1-7 with forces from China, Syria, India, Nicaragua and elsewhere.

Al Jazeera

Geely Beauty Leopard Didn't Age Like Fine Wine

Apparently, this was the first sports coupe from China.

Motor1

Russia to Hold Sweeping Joint War Games with China, Others

Russia said Monday it will launch sweeping military drills in the country’s east that will involve forces from China — a show of increasingly close defense ties between Moscow and Beijing amid tensions with the West over the Kremlin’s action in Ukraine. The Russian Defense Ministry said that the Vostok…

Asharq Al-Awsat

China’s censorship reaches far beyond its own borders

Letter: We should never take free speech for granted, especially if it concerns art, writes John Finlay

The Guardian - UK

Proxy war between East and West in Serbia, President Vucic says

Serbia wants to join the EU while keeping strong relations with its gas supplier Russia and key investor China.

Al Jazeera

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Benzinga

OneConnect Inches Closer to Profits Under Leadership of New Chairman

Key Takeaways: OneConnect’s revenue increased 17% in the second quarter, while its loss narrowed by nearly a third The company promoted CEO Shen Chongfeng to the additional role of chairman, consolidating its leadership into a single executive By Warren Yang

Benzinga

China, U.S. Stock Regulators Hope New Agreement Will Succeed Where Others Haven't

Key Takeaways:

Reuters

China dismisses Taiwan complaints on drone harassment

China on Monday dismissed complaints from Taiwan about repeated harassment by Chinese drones very close to Taiwanese-controlled islands as not anything "to make a fuss about", prompting Taipei to label Beijing as nothing more than thieves.

Reuters

East and West clash in a proxy conflict over Serbia, President Vucic says

Serbia is the stage for a proxy war between East and West, President Aleksandar Vucic said on Monday, as Belgrade seeks to maintain a delicate balancing act between its ambition to join the European Union and its ties with Russia and China.

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The Independent UK

China announces 234 arrests in provincial banking scam

Authorities in central China have announced the arrests of 234 people allegedly involved in a scam to bilk people out of their savings with the false promise of high interest rates

Al Jazeera

The impact of nuclear tests around the world

Since 1945, more than 2,000 nuclear test explosions have been conducted by at least eight nations.

The Conversation

Workhorses, not show horses: Five ways to promote effective lawmaking in Congress

Americans dislike Congress, especially when it fails to act on pressing problems. They are then surprised by legislative accomplishments on climate change, gun control and maintaining competitiveness with China.

Tribune News Service

Dried-out farms from China to Iowa will pressure food prices

Drought is shrinking crops from the U.S. Farm Belt to China’s Yangtze River basin, ratcheting up fears of global hunger and weighing on the outlook for inflation.

The Hindu

How India looks at the Ukraine and Taiwan crises

Even as Russia’s Ukraine invasion completed six months on August 24, India voted against a Russian m

Reuters

Russia sharply scales back Far East war games with China

Russian military exercises in the Far East this week will take place on a far smaller scale than when they were last held in 2018, reflecting the strain on Moscow's forces as they struggle to make headway on the battlefields of eastern Ukraine.

The Japan News/Yomiuri

TICAD seeks to finance African development under global rules

TUNIS -- The 8th Tokyo International Conference on African Development (TICAD8), held in Tunisia, North Africa, to discuss Japan-led support for African development, concluded Sunday with the adoption of the Tunis Declaration. With China in mind, the declaration confirms the importance of financing development in compliance with international standards.

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