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The Latest Breaking News from China

Biden administration launches Africa strategy. But the real targets seem to be China, Russia

PRETORIA, South Africa — With Russia and China looming in the background, America’s top diplomat pitched a “new chapter” in U.S.-African relations on Monday, promising robust trade and calling for democracy despite political upheaval in much of the continent.

Los Angeles Times

Macrovariable projections in uncertain times

International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments

The Hindu

Sri Lanka asks China to defer military ship visit after India protests

Sri Lanka said on Monday it had asked China to defer the planned visit of a Chinese ship to the island country after initially approving its arrival this week, yielding to diplomatic pressure from neighbour India to keep the military vessel out.

Reuters

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Blinken makes case for democracy at start of sub-Saharan Africa tour

Secretary of state tells reporters in South Africa that US ‘not trying to outdo anyone’ amid growing influence of Russia and China

The Guardian - UK

No change in U.S. assessment on China timeline for Taiwan, official says

Washington has not changed its assessment on China's timeline for potentially taking Taiwan militarily, a senior Pentagon official said on Monday, sticking by previous statements that Beijing would not try to take it in the next two years.

Reuters

China action of 'enormous concern': Marles

Acting Prime Minister Richard Marles says Beijing's military build up is of enormous concern and is shaping the security of the region.

AAP

Nancy Pelosi’s visit to Taiwan causes an ongoing Chinese tantrum in the Taiwan Strait

The recent visit to Taiwan by Nancy Pelosi, speaker of the United States House of Representatives, lasted just 24 hours.

The Conversation

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Who needs enemies when you have friends like Orbán and Erdoğan?

Despite the threats of Russia, China, and stagflation, Hungary and Turkey are backstabbing the organisations they belong to – Nato and the EU, writes Oliver Hartwich

Newsroom.co.nz

China seizes on Pelosi visit to set ‘new normal’ for Taiwan

From the South China Sea to the Himalayas, Beijing has shown a willingness to seize on perceived missteps by its rivals to tighten its grip over disputed territory. That’s now playing out around Taiwan.

Tribune News Service

Sherman, Australia's Wong reaffirm commitment to maintaining peace across Taiwan Strait

U.S. Deputy Secretary of State Wendy Sherman and Australian Foreign Minister Penny Wong discussed China's recent actions and reaffirmed their countries' commitment to maintaining peace and stability across the Taiwan Strait in a meeting on Monday, the U.S. State Department said.

Reuters

Chinese private security firms are growing their presence in Africa: why it matters

Chinese private security companies have found a profitable niche market in Africa: guarding Chinese executives and construction sites. They’re also securing Chinese vessels at sea against piracy.

The Conversation

U.S. slams China's 'unacceptable' disruption in countering fentanyl

China's move to suspend cooperation with the United States to combat narcotics trafficking, including illicit fentanyl, is "unacceptable," the White House said on Monday, as Beijing continued to protest a visit to Taiwan by U.S. House Speaker Nancy Pelosi.

Reuters

Biden says he is concerned about China's moves around Taiwan

U.S. President Joe Biden on Monday said he was not worried about Taiwan but is concerned about China's actions in the region since House of Representatives Speaker Nancy Pelosi's visit to Taipei.

Reuters

U.S. Africa strategy stresses China, Russia threats

The United States released a new strategy document for sub-Saharan Africa on Monday, stressing the region's importance, the threats posed by China and Russia, and vowing to extend defense cooperation with like-minded African countries.

Reuters

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The Independent UK

Could China-Taiwan conflict escalate to a full blown military crisis?

Experts believe Beijing’s military aggression is largely a face-saving exercise, but conflict poses significant costs for Taiwan

Reuters

Thailand, China to resume air force exercises after pandemic pause

An annual joint fighter jets exercise between Thailand and China will resume later this month after being put on hold for two years during the pandemic, the Thai air force said, with a former U.S. air base chosen to host the event.

The Conversation

Taiwan: the US has been strengthening support for years – now it needs a way to ease tensions with China

The recent visit by the speaker of the US House of Representatives to Taiwan, Nancy Pelosi, was made against the wishes of the US government and despite threats from the People’s Republic of China. Following Pelosi’s visit, China launched the largest military exercises ever held so close to the island…

Bangkok Post

China-Taiwan trade, and everything you need to know

US House of Representatives Speaker Nancy Pelosi has visited Taiwan in defiance of strong opposition from mainland China, and it is shaping up to have far-reaching implications for trade.

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Benzinga

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

CNBC Celsius Withdraws Motion To Rehire CFO

The Conversation

The climate bill could short-circuit EV tax credits, making qualifying for them nearly impossible

The U.S. Senate passed a far-reaching climate, energy and health care bill on Aug. 7, 2022, that invests an unprecedented US$370 billion in energy and climate programs over the next 10 years – including incentives to expand renewable energy and electric vehicles.

ABC News

United States, Australia will 'watch very carefully' as China-Solomons pact takes shape, says US Deputy Secretary of State Wendy Sherman

United States Deputy Secretary of State Wendy Sherman has reassured the Pacific region the Biden administration is watching closely as the security pact between China and the Solomon Islands takes shape, warning a military base on the islands would "create security concerns for all".

Reuters

Companies in China distance themselves from Taiwan amid Pelosi backlash

From a Chinese soy sauce maker to an Asia-focused asset manager, companies in China are rushing to distance themselves from geopolitical tensions over Taiwan following last week's visit to the island by a high-profile U.S. official.

Reuters

Singapore PM warns of worsening geopolitical climate in national address

Singapore Prime Minister Lee Hsien Loong on Monday warned of the scope for miscalculations over tensions in the Taiwan Strait, which he said were unlikely to ease soon amid deep suspicion and limited engagement between the United States and China.

The Hindu

China asks India to stop ‘disturbing’ exchanges with Sri Lanka, says opposition to ship visit is ‘senseless’

China’s Foreign Ministry hit out at opposition to the visit, terming it “senseless” .“We have noted the relevant report,” spokesperson Wang Wenbin said in response to a question on Sri Lanka’s deferral request.

The News Lens

China Says Military Drills Around Taiwan Will Continue

Several days of activity have disrupted shipping and air travel, with Taiwan saying the move amounts to a blockade.

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