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The Latest Breaking News from China

White House insiders to talk about Trump's actions on Jan. 6

A former national security official in the Trump White House, Matthew Pottinger, and a former press aide, Sarah Matthews, will be the key witnesses at a prime-time hearing of the Jan. 6 committee

The Independent UK

Beijing warns AUKUS submarine project sets a 'dangerous precedent' and threatens non-proliferation

A new report out of Beijing declares the AUKUS nuclear submarine project is a grave risk to non-proliferation and warns that Australia may be intent on developing nuclear weapons.

ABC News

TikTok owner spends record $2.14 million on US lobbying

WASHINGTON: ByteDance Inc, the Chinese parent company of social media video streaming sensation TikTok, spent a record $2.14 million on lobbying during the second quarter as it sought to fend off escalating congressional attacks over its privacy and security practices.

The Times of India

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Ukraine war quagmire prompting China rethink on Taiwan: CIA chief

Bill Burns says Beijing likely to reconsider timing of any invasion amid Russia’s ‘unsettling’ war on Ukraine.

Al Jazeera

Morning Digest | Sonia Gandhi to appear before ED today; China plans another highway in Aksai Chin along India border, and more

A select list of stories to read before you start your day

The Hindu

Asia’s economic growth outlook slashed on China, Ukraine fears

Asian Development Bank forecasts region’s developing economies to grow 4.6 percent in 2022 amid worsening conditions.

Al Jazeera

China's Shenzhen vows to 'mobilise all resources' to curb COVID spread

(This July 21 story corrects to clarify the population of area in third last paragraph)

Reuters

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Biden: Military say a Pelosi Taiwan trip 'not a good idea'

President Joe Biden says that U.S. military officials believe it’s “not a good idea” for House Speaker Nancy Pelosi to visit Taiwan at the moment

The Independent UK

The Loop: Russia expands war aims, China establishes minerals giant, UK leadership race narrows, and pair arrested over $2.4m wine heist

Here's your TL;DR for this morning's news.

ABC News

Tesla beats profit estimates, keeps 50% target for output growth

Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply-chain hurdles and Covid lockdowns at its factory in China.

Tribune News Service

Chinese Mortgage Boycott Gains Steam

Homebuyers’ threats to stop payments on unfinished projects could deepen an ongoing real estate crisis.

Foreign Policy

Fading The Rip Higher: A Hedged Bet Against Technology Stocks After Tuesday's Bounce

Not Buying The Bounce Stocks ripped higher Tuesday, despite all the familiar macro headwinds remaining in place: record inflation, rising interest rates, pending profit downgrades, the ongoing Ukraine War, plus added tensions with China.

Benzinga

Uruguay seeking China trade deal despite misgivings from neighbors

Uruguay will push for a free trade agreement with China, the South American country's top diplomat said on Wednesday, even as it faces resistance from some of its neighbors who favor regional trade talks over deals involving just one nation.

Reuters

Even if TikTok and other apps are collecting your data, what are the actual consequences?

By now, most of us are aware social media companies collect vast amounts of our information. By doing this, they can target us with ads and monetise our attention. The latest chapter in the data-privacy debate concerns one of the world’s most popular apps among young people – TikTok.

The Conversation

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ABC News

Beijing forms organisation in bid to give Chinese steel producers more leverage over Australian iron ore prices

China's government has established a new minerals giant that will purchase iron ore from abroad on behalf of Chinese steel producers — a move seen as an attempt to gain long-term leverage in price negotiations with Australian exporters.

The Hindu

India-Vietnam ties, from strong to stronger

As New Delhi pursues its ‘Act East Policy’, Hanoi has become a valuable partner in the Indo-Pacific region

Newsroom.co.nz

Golden chance for NZ exports as West 'friend-shores' its supply chain

The US is leading calls to trade first with countries it knows and trusts. NZ must grasp opportunities to be part of such international supply chain resilience initiatives.

The Conversation

United States: the end of an illusion of omnipotence

“I do not accept second place for the United States of America.” That simple statement, delivered to rousing effect by Barack Obama in his first State of the Union, in January 2010, managed to summarize the current American strategic horizon in a single sentence.

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news in one place.

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Reuters

Data-hosting in China hampers U.S. law enforcement -prosecutor

U.S. companies are hosting customer data more often on servers in China, complicating U.S. authorities' ability to get information for criminal investigations, a senior federal prosecutor said on Wednesday.

Benzinga

Will Ford (F) Q2 Earnings Be A Pleasant Surprise For Investors?

Ford F is slated to release second-quarter 2022 results on Jul 27, after the closing bell. The Zacks Consensus Estimate for the quarter's revenues and earnings is pegged at $32.83 billion and 44 cents a share, respectively.

Birmingham Post

Luxury shoe brand Manolo Blahnik wins China trademark dispute

The fashion label - whose designer founder has a residence in Bath - was made made famous by its appearances in TV series Sex and the City

The Times of India

China property crisis: Why homebuyers are halting mortgage payments

NEW DELHI: A growing number of homebuyers in China have stopped making mortgage payments for properties, adding to the woes of the country's already troubled real estate sector.

Benzinga

Chinese Investors Buy $6.1 Billion Worth Of US Homes In Past 12 Months

For the first time in three years, activity from overseas real estate buyers has increased. During a time when the housing market is under incredible scrutiny and seeing astonishing prices, investors from China are gobbling up available homes.

The Independent UK

Manolo Blahnik wins the right to use its own name in China after 22-year battle

Luxury shoes will be sold in China for the first time beginning next year, according to CEO Kristina Blahnik

Reuters

Taiwan's speaker warns of Chinese ambitions in Prague, China protests

Taiwan parliament speaker You Si-kun warned against China's power ambitions in a speech at the Czech parliament on Thursday in a visit drawing a rebuke from Beijing.

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