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The Latest Breaking News from China

China Unhappy With New US EV Subsidies, Will Do Something About It

China says the Inflation Reduction Act "discriminates against similar imported goods, and is a suspected breach of the World Trade Organization principles."

InsideEVs

Toyota's Upcoming "bZ3" Sedan Takes Aim At The Tesla Model 3

Toyota isn't rushing into fully electric cars. However, to take market share from Tesla in China and Europe, it's launching an electric sedan.

InsideEVs

Biden holds his first meeting with Philippine leader Marcos

President Joe Biden is meeting with Philippine President Ferdinand Marcos Jr. on the sidelines of the U.N. General Assembly

The Independent UK

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China says protracted Ukraine crisis not in the interests of all parties

An expanded and protracted Ukraine crisis is not in the interests of all parties, China's Foreign Minister Wang Yi told his Polish counterpart Zbigniew Rau on the sidelines of a United Nations General Assembly meeting in New York on Wednesday.

Reuters

China envoy vows 'fight' over alleged Xinjiang rights abuses

An envoy from China’s Xinjiang province says Chinese authorities are ready for a “fight” with “anti-China” critics in the West and elsewhere over allegations of rights abuses in the anti-extremism campaign against Uyghurs and other Muslim ethnic groups in the region

The Independent UK

RLX Sees Chilly Times Ahead as China's Vaping Sector Transitions

Key Takeaways: RLX Technology reported its revenue fell 12% in the second quarter as it sold down inventory that will become obsolete after new vaping regulations take effect next week The company said it’s off to a ‘slow start’ for its new product line that complies with China’s new vaping…

Benzinga

China tells Europe to not backslide on climate commitments

Europe insists rise in coal use is only temporary and will have no long-term effect on targets to cut gas emissions.

Al Jazeera

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Top Financial Media Stories Thursday, September 22: Facebook Sued For Bypassing Apple Privacy Rules, Walmart Slows Hiring Plans Ahead Of Holiday Season, China Blames US For Northwestern Polytechnical University Hack And More..

Reuters

Benzinga

China 'ready for the fight' if Xinjiang motion is brought to UN rights body

A Chinese official said on Thursday that the country was readying "counter-measures" in case action is taken at a U.N. body against its human rights record in the western region of Xinjiang.

Reuters

Factbox-Sri Lanka set to begin talks to restructure debt of $30 billion

Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.

Reuters

Lawmakers walk tightrope on upping Taiwan's diplomatic status as Biden casts doubt on 'ambiguity' - Roll Call

Officials and experts in Washington and Taipei are debating whether America's "strategic ambiguity" toward Taiwan needs to end.

Roll Call

Exclusive-China sends regulators to Hong Kong to assist U.S. audit inspection -sources

Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese companies, four people familiar with the matter said, as part of a landmark deal between the two countries.

Reuters

Crude oil prices fall amid recession concerns

PTT reveals Q3 oil analysis

Bangkok Post

Andreas Kluth: A decision tree for Biden if Putin goes nuclear

Russian President Vladimir Putin doesn’t want to use nuclear weapons, just as he doesn’t want to still fight his “special military operation” against Ukraine. But he is still fighting — because he’s unable to win. That also means he might yet drop a nuke, as he once again threatened this…

Tribune News Service

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The Times of India

Vladimir Putin's nuclear threat: A guide to how Joe Biden might decide to respond

WASHINGTON: Russian President Vladimir Putin doesn't want to use nuclear weapons, just as he doesn't want to still fight his "special military operation" against Ukraine. But he is still fighting — because he's unable to win. That also means he might yet drop a nuke, as he once again threatened…

The Hindu

Between India and China — Sri Lanka’s survival strategy

Foreign policy credit for India in its immediate neighbourhood has always been a tough ask. With Hambantota, the Chinese just raised the bar.

Reuters

Analysis-As Putin escalates Ukraine war, China stands awkwardly by him

Xi Jinping is unlikely to abandon his "old friend" Vladimir Putin, even as the Russian leader's decision to send thousands more troops to Ukraine and his nuclear threats strain Beijing's "no limits" partnership with Moscow, experts said.

Asharq Al-Awsat

Russia to Face UN Heat as Zelensky Urges Punishment

Russia is set to face direct pressure Thursday at the United Nations over its invasion of Ukraine, whose leader Volodymyr Zelensky appealed to the world to punish Moscow. As global leaders convened for the annual General Assembly, the Security Council will hold a special session among foreign ministers called by…

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Reuters

China sentences former justice minister to death with two-year reprieve

China has sentenced former Justice Minister Fu Zhenghua to death with a two-year reprieve for taking bribes and bending the law for selfish ends, state media said on Thursday.

The Guardian - AU

China’s Lipstick King reappears, months after Tiananmen ‘tank cake’ row

Celebrity livestreamer Li Jiaqi returns to screen after nearly four months of silence following a broadcast showcasing a tank-shaped dessert

Reuters

Palau calls for greater U.S. support as it renegotiates bilateral agreement

The Pacific island state of Palau, which finds itself at the heart of a geostrategic struggle between the United States and China, called on Wednesday for greater U.S. support to build its infrastructure and economy.

Benzinga

Alibaba Plunges, Xpeng, Nio Nosedive: Fed Rate Hike and Projections Push Hang Seng To 2011 Lows

Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year. That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot…

AAP

More stress for family budgets: minister

The highest interest rates in the US in almost 15 years, coupled with war in Europe and China's lockdowns, will put more pressure on Australian households.

Roll Call

Senate approves treaty that would limit potent greenhouse gases - Roll Call

The Senate voted 69-27 Wednesday to approve the Kigali Amendment, a treaty that would limit highly potent greenhouse gases.

Foreign Policy

China Is Quietly Trying to Dethrone the Dollar

Regional groups and small banks are helping insulate Beijing against sanctions.

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