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The Latest Breaking News from China

Defence Ministry approves arms procurement proposals worth ₹28,732 crore

The approval of the new procurement proposals came amid India's border row with China in eastern Ladakh

The Hindu

IMF says global economy is edging towards recession

Fund cuts forecasts as US, China and eurozone stall and inflation beats expectations

The Guardian - UK

US urges China to increase pressure on Myanmar after execution of democracy activists

US says no country ‘has the potential to influence’ Myanmar’s trajectory than China

The Independent UK

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China, Indonesia to enhance bilateral trade, deepen cooperation

China and Indonesia will enhance the scale of bilateral trade and further expand cooperation in areas including agriculture and food security, the Chinese foreign ministry said after a meeting of the countries' leaders.

Reuters

Blackouts in China as heatwave pushes electricity usage to record levels

High temperatures expected to continue for at least another week with more than 300 cities forecast to reach 35C

The Guardian - UK

U.S., China gear up for chip-making race

As the Senate moves toward a vote on a key funding bill, both countries are stepping up their pace.

Axios

Fed lacks systems to thwart Chinese information gathering - report

The Federal Reserve lacks adequate systems to counter a "malign" effort by China to gather inside information on the U.S. economy and monetary policy, according to a report that was prepared by Republican staff of the Senate Homeland Security Committee.

Reuters

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EXPLAINER: Why is a Pelosi visit to Taiwan causing tension?

China is warning it will respond forcefully if U.S. House Speaker Nancy Pelosi proceeds with a planned visit to Taiwan

The Independent UK

China Everbright former party chief investigated -anti-graft watchdog

China's anti-corruption watchdog is investigating the former communist party chief of China Everbright Limited for suspected "serious disciplinary violations", the Central Commission for Discipline Inspection (CCDI) said on Tuesday.

Reuters

Saudi Arabia Receives Largest Share of China's BRI Investments

Saudi Arabia is the largest recipient of Chinese investments within the Belt and Road Initiative (BRI) during the first half of 2022, according to a recent report. China's Belt and Road Initiative aims to improve interconnection and cooperation across continents and move to jointly establish the Silk Road Economic Belt…

Asharq Al-Awsat

Taiwan president oversees drills on warship, lauds determination for defence

Taiwan President Tsai Ing-wen boarded a naval warship on Tuesday for only the second time in her six years in office, where she lauded the military's determination to defend the island while overseeing its largest annual naval and air exercises.

Reuters

Tuesday briefing: The key exchanges from last night’s Tory leadership debate

In today’s newsletter: Sunak interrupted, Truss called him finely dressed – and the climate was all but ignored. Will anyone have changed their minds?

The Guardian - UK

Third parties joining CPEC is inherently illegal, unacceptable: India

Reiterates importance of PoK in Indian scheme of things

The Hindu

Indonesia's Widodo to talk investment, G-20 with China's Xi

Chinese investment and trade and possibly an invitation to the Group of 20 summit in Bali this fall are on the table in talks between visiting Indonesian President Joko Widodo and Chinese leader Xi Jinping

The Independent UK

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The News Lens

Beyond Aid: Using ‘One Town, One Product’ as a Mutual Partnership

‘One Town, One Product’ has unfulfilled potential for advancing Taiwan’s diplomatic goals.

Reuters

China, Indonesia hail 'win-win' cooperation after rare Beijing summit

The leaders of China and Indonesia pledged to scale up trade and expand cooperation in areas such as agriculture and food security, following a rare visit to COVID-wary China by a foreign head of state.

Tribune News Service

Pelosi’s Taiwan ambiguity has China fuming ahead of Biden call

WASHINGTON — House Speaker Nancy Pelosi’s staff and security officials aren’t ruling out plans for her to visit Taiwan in early August on a trip that has already stoked more U.S.-China tensions.

ABC News

Drivers flee massive sandstorm in north-west China's Haixi region

Video shows a fast-moving wall of sand turning the sky yellow as drivers flee the billowing clouds.

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The Guardian - UK

Myanmar executions: US presses China to rein in junta, saying it cannot be ‘business as usual’

State department says military government in Yangon has not faced enough economic and diplomatic pressure, amid global outrage at killings

The Independent UK

Growing number in GOP back Pelosi on possible Taiwan trip

An increasing number of Republican officials are defending House Speaker Nancy Pelosi and her reported trip to Taiwan

The Independent UK

Sunak and Truss clash on issues from UK stance on China to their fashion choices

Key points from the debate on Monday night.

The Independent UK

Rishi Sunak says Liz Truss risks tipping millions into ‘economic misery’ in acrimonious head-to-head debate

Foreign secretary hits back accusing ex-chancellor of ‘Project Fear’

The Guardian - UK

Truss and Sunak trade blows in acrimonious first TV debate

Leadership candidates ignored calls from fellow Conservatives not to ‘tarnish the brand’ as they wrangled over tax cuts, inflation and relations with China

Bangkok Post

Deglobalisation breeds inflation

The return of high inflation in many developed economies seems to have surprised central banks and has quickly become people's leading economic worry. While monetary tightening is necessary, the role of structural factors warrants attention, too. Specifically, besides pandemic-related supply-chain disruptions and the energy and food-price shocks amplified by the…

Bangkok Post

Crude prices seen falling this week

Global crude oil prices are expected to be on the decline this week, falling to a range of US$98-100 per barrel as global demand for oil decreases amid the prospect of economic contraction, says Thai Oil Plc (TOP), Thailand's largest oil refinery by capacity.

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