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The Latest Breaking News from China

Why is US House Speaker Nancy Pelosi's planned Taiwan visit sparking so much tension with China?

Nancy Pelosi will be the highest-ranking US politician to visit Taiwan since 1997 but China warns it will take "firm and forceful" measures if her visit goes ahead.

ABC News

New studies say Wuhan market is the only ‘plausible’ source of COVID-19 pandemic

Not long after the World Health Organization and China released a report last year dismissing the possibility that the SARS-CoV-2 virus originated in a lab leak, scientists from major research institutions around the world noted the paucity of the published data, and advocated for a rigorous scientific investigation into the…

Los Angeles Times

Australian export wine markets emerge in wake of China tariff increase

The Australian wine industry is finding positives after tariffs put an end to a boom in China. But an industry leader says losing a massive market is not the biggest problem producers face.

ABC News

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US senators call for sanctions on Russian oil sales to China

Senator Marco Rubio wants the U.S. to sanction China’s purchases of oil and other energy supplies from Russia in an effort to cut off funding for that country’s war against Ukraine.

Tribune News Service

Signs China trade war could be ending, but farmers remain wary

Rumours are swirling that China may backflip on its Australian trade restrictions with a change in federal government, but some producers have put the country firmly in their rear-vision mirror.

ABC News

China property sales could plunge by one-third, analysts say, as crisis deepens

Amid reports Beijing is planning massive bailout, S&P predicts sales slump will heighten liquidity squeeze and trigger more defaults

The Guardian - AU

New studies bolster theory coronavirus emerged from the wild

Two new studies provide more evidence that the coronavirus pandemic originated in a Wuhan, China market where live animals were sold

The Independent UK

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Michael Pascoe: Business isn’t wasting a good crisis while China plays the long game

Ampol’s increased refinery profits, the price of bread in Britain, environmentalists making coal miners richer and China selling its US Treasuries stash.

The New Daily

COVID originated in Wuhan market, Australian-backed study concludes

Scientists have detailed the "most compelling and most detailed" evidence showing COVID-19 originated at a fish market in Wuhan, China.

The New Daily

China's mortgage boycott is escalating. Now Evergrande suppliers have stopped paying bank loans

The property crisis in China may have entered a dangerous phase as mortgage boycotts spread and banking corruption shakes confidence, with the shadow of COVID outbreaks and lockdowns also hanging over the economy.

ABC News

Why the big fuss over Nancy Pelosi's possible visit to Taiwan?

U.S. House Speaker Nancy Pelosi hasn’t confirmed when – or even if – she is to visit Taiwan. Yet such is the sensitivity over the island’s status that reports of her possible trip have resulted in a warning by China of “serious consequences” and a suggestion by President Joe Biden…

The Conversation

U.S. should focus on Taiwan's defense -McConnell

The United States should focus on whether Taiwan has weapons that "are adequate to the threat that may come from mainland China," U.S. Senate Republican leader Mitch McConnell said on Tuesday.

Reuters

A bill to reduce reliance on China for semiconductors moves closer to a Senate vote

It would support domestic manufacturing of semiconductor chips that power the nation's smartphones, cars, computers and medical equipment. The bill cleared a procedural Senate vote Tuesday.

WEKU

SFO reveals more covert recordings of Ross and Bridges

The MP who first complained to police about secret, broken-up political donations finds himself finally on trial in the High Court, and the SFO has more covert tape recordings

Newsroom.co.nz

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Benzinga

SolarMax Banks on Sunny Name to Draw Investors to Its IPO

Key Takeaways: Solar power systems developer SolarMax is aiming to raise $30 million in a New York listing, but investors could balk at the company’s lack of diversity The IPO marks the latest signal that Chinese listings could soon gain momentum in New York after a yearlong near-halt due to…

Benzinga

Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?

Key Takeaways: China’s cybersecurity regulator imposed a big fine of $1.2 billion on Didi after closing a year-long investigation into the company, but how it arrived at the amount has raised concern in the market

Asharq Al-Awsat

LVMH Q2 Sales Climb 19%, Offsetting Slower China

Sales at LVMH, the world's largest luxury group, rose by 19% in the three months to June, as robust growth in the US and China helped it offset a new round of lockdowns in China. LVMH, which owns dozens of high-end labels such as Tiffany, said sales came to 18.73…

Asharq Al-Awsat

US Accuses China of Increased South China Sea ‘Provocations’

The United States on Tuesday accused China of increased "provocations" against rival claimants to territory in the South China Sea and other states operating there. "There is a clear and upward trend of PRC provocations against South China Sea claimants and other states lawfully operating in the region,” Jung Pak,…

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Asharq Al-Awsat

IMF Cuts Global Growth Outlook, Warns High Inflation Threatens Recession

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked. Global real GDP growth will slow to 3.2% in 2022 from a…

The Guardian - UK

Qin Yi obituary

One of China’s ‘four great actresses’ whose career lasted from the pre-communist era to modern blockbusters

Axios

Taiwanese seek civil defense training after Russia's invasion of Ukraine

Many Taiwanese are thinking about how they would respond if China invaded.

Salon

Summer 2022: Dawn of the apocalypse

We've been warned for decades about the death march of climate change. But global elites have done almost nothing

Reuters

U.S. says Beijing's South China Sea 'provocations' risk major incident

The United States on Tuesday accused China of increased "provocations" against rival claimants in the South China Sea and said its "aggressive and irresponsible behavior" meant it was only a matter of time before a major incident or accident.

Axios

Senate report: Chinese officials attempted to infiltrate the Fed for over a decade

The report, which has received strong pushback from the Fed, says Chinese officials tried to recruit top economists to share sensitive information.

ABC News

China and Indonesia pledge deeper ties after rare Beijing summit

Indonesia and China are set to deepen their trade ties and work more closely together after a meeting between presidents Xi Jinping and Joko Widodo.

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