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The Latest Breaking News from China

Smart #1 Getting Brabus Makeover With Possible AWD For China

It wears special aesthetic upgrades and could wield dual electric motors with over 400 combined horsepower.

Motor1

The 2 Worst Stocks to Sell During Economic Turmoil

The stock market remains highly volatile, with inflation still hovering near a 40-year high and the Fed’s consecutive rate hikes to combat it. Moreover, the rising tension between China and Taiwan is adding to the geopolitical issues. Given the uncertainties ahead, it might be best to avoid fundamentally bleak stocks,…

StockNews.com

China's 20th Party Congress looms closer

President Xi Jinping is expected to be selected for a highly unusual third term.

Axios

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Chinese tech giants submit 'top secret' algorithms to Beijing regulator

Chinese tech giants including Alibaba, Tencent and ByteDance – the parent company behind the TikTok video app – have submitted details of algorithms used in some of their products to China's state regulator, in an unprecedented move that strengthens Beijing's oversight of the sector.

Radio France Internationale

Top US commander calls China’s drills over Taiwan the ‘Gorilla in the room’ that must be contested

’If we just allow that to happen, and we don’t contest that, that’ll be the next norm’

The Independent UK

Petrol prices set to fall as oil drops back below Ukraine invasion level

Oil prices have fallen by more than a third from their peak in March but prices may take several weeks to filter through to forecourts

The Independent UK

Sri Lanka: China cannot use port for military purposes

COLOMBO -- China will not be allowed to use the southern Sri Lankan port of Hambantota for military purposes, Sri Lankan President Ranil Wickremesinghe said in his first interview with the Japanese media since taking office.

The Japan News/Yomiuri

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China's economic growth is slowing, and the government's not doing much about it

China's economy has been the largest source of growth for global GDP for much of the last two-plus decades.

Axios

Ex-Chelsea star Oscar's transfer fail as Flamengo move blocked and he's trapped in China

Former Chelsea man Oscar finds himself stuck in China after his club, Shanghai SIPG, blocked a move to Flamengo despite the player posing in a shirt ahead of the planned switch

Daily Mirror

Truss, Sunak set China in their sights amid UK leadership race

Conservative hopefuls vying to replace Boris Johnson as PM have pledged to confront Beijing if elected.

Al Jazeera

H&M Returns to Alibaba’s Tmall, 16 Months After Xinjiang Controversy

Swedish fashion giant H&M's (HMb.ST) official store on Alibaba's (9988.HK) Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang. The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the…

Asharq Al-Awsat

U.S. carries out missile test delayed over Chinese drills

The United States military on Tuesday said it carried out a test of a Minuteman III intercontinental ballistic missile that had been delayed to avoid escalating tensions with Beijing during China's show of force near Taiwan earlier this month.

Reuters

China to discourage abortions to boost low birth rate

China will discourage abortions and take steps to make fertility treatment more accessible as part of efforts to boost one of the world's lowest birth rates, its National Health Authority said on Tuesday.

Reuters

High temps, drought in China affect drinking water, crops

Unusually high temperatures and a prolonged drought are affecting large swaths of China, reducing crop yields and drinking water supplies

The Independent UK

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Asharq Al-Awsat

China Sets Sanctions on Taiwan Figures to Punish US, Island

China imposed visa bans and other sanctions Tuesday on Taiwanese political figures as it raises pressure on the self-governing island and the US in response to successive congressional visits. The sanctions come a day after China announced more military exercises in the seas and skies surrounding Taiwan because of what…

Asharq Al-Awsat

Pandora Reaffirms Forecast Even as US, China Sales Disappoint

Danish jewelry maker Pandora reported second-quarter sales in line with expectations and reaffirmed its annual forecast, despite disappointing sales in the United States and China. Organic growth in the US market was down 12% in the quarter compared to the previous year, when sales in its biggest market were boosted…

ABC News

Crowds try to flee Shanghai Ikea store to avoid strict COVID-19 lockdown in China

Health authorities try to lock down customers at a Chinese Ikea store over an "abnormal" coronavirus test result as dozens of people flee.

Tribune News Service

US Congress forces Joe Biden toward risky faceoff with China over Taiwan

U.S. House Speaker Nancy Pelosi’s Taiwan trip was only the most high-profile in a series of moves by Congress that are forcing President Joe Biden to test Beijing’s red lines — whether he wants to or not.

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Zenger

Hundreds Demand The World’s Tallest Ceramic Statue To Be Removed, Saying It Resembles A Kebab

So far 417 people have signed calling to remove the artwork "with immediate effect".

Evening Standard

BHP to make record dividend payment after coal recovery lights up its annual earnings

World’s biggest miner expects demand from China to be a ‘source of stability’ in the year ahead

Chicago Tribune

Commentary: Standing up for Taiwan is standing up for American ideals

As we set foot on the tarmac in Taiwan, with thousands of people lining the midnight streets to welcome us, I turned back to look at our military aircraft, with the illuminated American flag on its tail. Just as the American flag serves as a beacon of freedom across the…

Asharq Al-Awsat

Oil Extends Losses as Weak Demand Outlook Lingers

Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel.

The Independent UK

Asian shares mostly higher, echoing Wall Street rebound

Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China

The Independent UK

China sets sanctions on Taiwan figures to punish US, island

China is imposing visa bans and other sanctions on Taiwanese political figures as it raises pressure on the island and the U.S. in response to successive congressional visits

Motor1

Ford Fusion Active Spied Testing Alongside China’s 2023 Edge, Maybe

It seems we're looking at two different SUVs.

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