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The Latest Breaking News from China

Acting PM says Australia will stand up for national interest amid fading hopes of China reset

Richard Marles signals change in tone with biggest trading partner but pledges to avoid Coalition’s ‘chest-beating’

The Guardian - AU

Freedom has 'vanished', Taiwan says on Hong Kong anniversary

Freedom in Hong Kong has "vanished" and China has failed to live up to its promises of 50 years without change, Taiwan Premier Su Tseng-chang said on Friday, the 25th anniversary of the city's return to Chinese rule.

Reuters

McConnell threatens support for China bill, citing budget talks

WASHINGTON — Republicans won’t back compromise legislation to boost domestic semiconductor manufacturing and U.S. competitiveness with China if Democrats continue to negotiate a partisan budget package that can pass without GOP support, Senate Minority Leader Mitch McConnell said Thursday.

Tribune News Service

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China not giving material support for Russia's war in Ukraine -U.S. official

The United States has not seen China evade sanctions or provide military equipment to Russia, a senior U.S. official said on Thursday, adding that enforcement measures taken earlier in the week targeted certain Chinese companies, not the government.

Reuters

Solomon Islands ends COVID-19 isolation, reopens to world for first time since China deal announced

Solomon Islands becomes latest country to reopen after COVID-19 protocols, ending more than 800 days shut off from the outside world.

ABC News

China says New Zealand PM's comments on assertiveness "wrong"

China's embassy in New Zealand rebuked New Zealand Prime Minister Jacinda Ardern for comments she made at the NATO summit about Chinese assertiveness, calling them "misguided" and "wrong".

Reuters

In Hong Kong, Xi says 'one country, two systems' is here to stay

There is no reason to change Hong Kong's "one country, two systems" formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city's new leader, John Lee, on Friday.

Reuters

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McConnell threatens support for China bill, citing budget talks - Roll Call

Senate minority leader says GOP won't back legislation to boost domestic semiconductor manufacturing if Democrats push their budget package.

Roll Call

As China tightens grip, Hong Kong’s luster as ‘world city’ dims

Tens of thousands of residents are exiting the former British colony as Beijing reshapes life in the city.

Al Jazeera

China loosens curbs on travel

The Tourism Council of Thailand (TCT) is more optimistic about Chinese travellers returning after the country slashed its quarantine length in half and gave Thai airlines permission to resume two flights to China per week.

Bangkok Post

Ratchanok makes magnificent recovery

Ratchanok Intanon, Kunlavut Vitidsarn and mixed doubles stars Dechapol Puavaranukroh and Sapsiree Taerattanachai moved into the quarter-finals of the US$675,000 Malaysia Open at Axiata Arena in Kuala Lumpur on Thursday.

Bangkok Post

Truss: UK will continue stand up for the rights of Hong Kong

Chinese President Xi Jinping has arrived for a ceremony to mark the 25th anniversary of the handover of the ex-British colony.

The Independent UK

McConnell threatens to kill China bill if Democrats keep negotiating on reconciliation

Speculation about a Democrat-only climate, energy and tax bill has ramped up in recent days.

Axios

A tale of two cities, as Xi Jinping visits Hong Kong

'Manhattan meets Hawaii." That's how I described Hong Kong to outsiders when I first moved here 7 years ago, dazzled by glittering skyscrapers ringing lush green mountains next to the sea.

Bangkok Post

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Benzinga

Bullish On China-Based Internet Stocks? This ETF Offers 3X Leverage

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSE: CWEB) closed down 1.62% on Thursday in consolidation. Consolidation can be determined by looking at volume on a security, which in this case was lower than average.

Benzinga

Purecycle Technologies Shares Slide On Leadership Changes Announcement

Purecycle Technologies Inc (NASDAQ:PCT) has promoted Dustin Olson, current Chief Operating Officer and Chief Manufacturing Officer, to the role of CEO, along with becoming a member of the board, effective August 5, 2022. Mr. Olson succeeds Mike Otworth, who will resign to return to Innventure, a company he helped found. Dustin Olson…

The Independent UK

Jack Laugher claims third medal at World Aquatics Championships in Budapest

Laugher took 1m springboard silver to add to his 3m synchro and 3m springboard medals

Caixin Global

China Outlines Legal Path for Cross-Border Data Transfer

Cyberspace administration seeks comments on draft rule covering data processing entities’ use of standard contracts

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The Conversation

Is Australia in the firing line of a new Chinese campaign against the US?

How can Australia navigate the tough and dangerous strategic environment in Asia today with America and China competing to be the leading regional power? The consensus in Canberra – on both sides of politics – is that we should stick as close as we can to America, in the hope…

ABC News

Xi Jinping leaves mainland China for the first time in years as Hong Kong marks the halfway point for 'One Country, Two Systems'

As Xi Jinping embarks on his first trip outside of mainland China since the pandemic began, observers suspect the anniversary visit could be a chance to further strengthen Beijing's hold on Hong Kong.

The Hindu

Home and abroad: On PM Modi’s G-7 commitements and freedom of speech

Prime Minister Modi’s G-7 commitments on protecting freedoms will face scrutiny in India

Reuters

UK PM says China must be held to commitments made on Hong Kong

Prime Minister Boris Johnson said Britain would do all it could to hold Beijing to its commitments on democratic rights made 25 years ago when Hong Kong was handed back to China.

Benzinga

Find Out All About Mizuho's Top China Internet Sector Pick

Mizuho analyst James Lee recently hosted an investor call with Baidu, Inc (NASDAQ: BIDU) management. Firstly, Lee noted that the reopening has been orderly, and advertising is recovering faster than Cloud.

Asharq Al-Awsat

For Pandas, It’s Been Two ‘Thumbs’ up for Millions of Years

Fossils unearthed in China are helping scientists get a better grasp on one of the marvels of evolution: the giant panda's false thumb, which helps this veggie-loving bear munch the bamboo that makes up most of its diet. Researchers said on Thursday they discovered near the city of Zhaotong in…

Benzinga

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

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