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The Latest Breaking News from China

Estimated Tesla Order Backlog Chart Explains Price Cuts In China

Changes in Tesla's estimated global electric car order backlog provide us with interesting data to better understand what is happening with the market.

InsideEVs

Four scenarios for a world in disorder

Chinese leader Xi Jinping’s recent speech to the Communist Party Congress could be one of the most consequential of the decade. He told the audience – and the world – that his economic growth-crushing zero-COVID policy is here to stay, and that Beijing is more determined than ever to reunify…

The Conversation

Markets get stark reminder that China is a Communist dictatorship

Investors are getting out now, while the getting is good.

Axios

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Analysis-China's newly empowered Xi faces a daunting to-do list

China's Xi Jinping kicks off his third leadership term with more power than ever, but a mountain of problems to tackle, from a dismal economy to his own COVID-19 policy that has backed the country into a corner, and deteriorating ties with the West.

Reuters

Chinese officers charged in plot to obstruct US Huawei probe

Two suspected Chinese intelligence officers have been charged with attempting to obstruct the U.S. criminal investigation and prosecution of Chinese tech giant Huawei

The Independent UK

First Thing: Rishi Sunak becomes UK’s PM after meeting the king

Ex-chancellor is third Tory prime minister in less than two months and fifth in six years. Plus, the history of radical art protest by women

The Guardian - UK

Russia, Hungary congratulate Xi Jinping on third term as EU and US remain silent

China's economy grew at a faster pace than forecast in the third quarter of 2022, but investors have reacted with alarm to President Xi Jinping's sweeping new powers over the ruling Communist Party.

Radio France Internationale

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Jim Chalmers’ first budget comes amid a darkening economic outlook. Here’s what could go wrong

The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates

The Guardian - AU

Australia boosts defence, Pacific diplomacy spending in budget

Australia on Tuesday pledged increased defence spending and efforts to firm up diplomatic ties with neighbouring Southeast Asian and Pacific nations as it seeks to counter China's growing economic and strategic influence in the region.

Reuters

All the president's men: Why succession may pose a problem for Xi Jinping and China

Most attempts at leader succession in China have flopped, but Xi Jinping's norm-breaking practice comes at a precarious time for his country.

WEKU

How Elon Musk became a powerful player in geopolitics

Private space companies are meeting — and often exceeding — the capabilities of governments.

Axios

‘We need to get China’: John Kerry calls for return to bilateral climate talks

Negotiations between world’s biggest emitters have stalled since House speaker’s visit to Taiwan

The Guardian - UK

Asian shares mostly lower on worries over China outlook

Shares are mostly lower in Asia as markets remain shaken over the outcome of a Communist Party congress in China, where key reformers were excluded from the highest ranks of ruling party leadership

The Independent UK

UK court to hear Uyghur demands to ban Xinjiang cotton

A Uyghur organization and a human rights group are taking the U.K. government to court to challenge Britain’s failure to block the import of cotton products associated with forced labor and other abuses in China’s far western Xinjiang region

The Independent UK

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Reuters

Former U.S. military pilot who worked in China arrested in Australia, faces extradition

A former U.S. military pilot and flight instructor who worked in China was arrested in Australia and faces extradition to the United States, Australian court documents and company records show.

The Independent UK

Taiwan's Tsai says no backing down to Chinese aggression

Taiwanese President Tsai Ing-wen says the self-governing island democracy won't back down to China

Reuters

Vietnam party chief to visit China's Xi next week

The chief of Vietnam's ruling Communist Party Nguyen Phu Trong will visit China next week on the invitation of President Xi Jinping, Vietnam's government said on Tuesday, in a rare overseas trip by the ageing leader.

Tribune News Service

Huawei investigation was targeted by Chinese spies, US alleges

WASHINGTON — The U.S. unsealed charges claiming two Chinese intelligence officers tried to obstruct a criminal investigation of Huawei Technologies Co., and alleged others were working on behalf of a “foreign power” to try procure technology and recruit spies.

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Al Jazeera

Emissions from China-invested overseas coal plants equal to Spain

Fossil fuels produce around half of the energy from overseas Chinese-backed power plants, new study shows.

The Guardian - UK

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

France 24

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.

Financial Times

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

Tribune News Service

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.

Reuters

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.

ABC News

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.

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