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The Latest Breaking News from China

Purecycle Technologies Shares Slide On Leadership Changes Announcement

Purecycle Technologies Inc (NASDAQ:PCT) has promoted Dustin Olson, current Chief Operating Officer and Chief Manufacturing Officer, to the role of CEO, along with becoming a member of the board, effective August 5, 2022. Mr. Olson succeeds Mike Otworth, who will resign to return to Innventure, a company he helped found. Dustin Olson…

Benzinga

Jack Laugher claims third medal at World Aquatics Championships in Budapest

Laugher took 1m springboard silver to add to his 3m synchro and 3m springboard medals

The Independent UK

China Outlines Legal Path for Cross-Border Data Transfer

Cyberspace administration seeks comments on draft rule covering data processing entities’ use of standard contracts

Caixin Global

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Is Australia in the firing line of a new Chinese campaign against the US?

How can Australia navigate the tough and dangerous strategic environment in Asia today with America and China competing to be the leading regional power? The consensus in Canberra – on both sides of politics – is that we should stick as close as we can to America, in the hope…

The Conversation

Xi Jinping leaves mainland China for the first time in years as Hong Kong marks the halfway point for 'One Country, Two Systems'

As Xi Jinping embarks on his first trip outside of mainland China since the pandemic began, observers suspect the anniversary visit could be a chance to further strengthen Beijing's hold on Hong Kong.

ABC News

Home and abroad: On PM Modi’s G-7 commitements and freedom of speech

Prime Minister Modi’s G-7 commitments on protecting freedoms will face scrutiny in India

The Hindu

UK PM says China must be held to commitments made on Hong Kong

Prime Minister Boris Johnson said Britain would do all it could to hold Beijing to its commitments on democratic rights made 25 years ago when Hong Kong was handed back to China.

Reuters

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Find Out All About Mizuho's Top China Internet Sector Pick

Mizuho analyst James Lee recently hosted an investor call with Baidu, Inc (NASDAQ: BIDU) management. Firstly, Lee noted that the reopening has been orderly, and advertising is recovering faster than Cloud.

Benzinga

For Pandas, It’s Been Two ‘Thumbs’ up for Millions of Years

Fossils unearthed in China are helping scientists get a better grasp on one of the marvels of evolution: the giant panda's false thumb, which helps this veggie-loving bear munch the bamboo that makes up most of its diet. Researchers said on Thursday they discovered near the city of Zhaotong in…

Asharq Al-Awsat

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Benzinga

NATO chief avows need to defend alliance territory in ‘a more dangerous world’

An unstable world could get even more dangerous if NATO does not remain strong and united, the head of the alliance said Thursday at the end of a summit where Western leaders labeled Russia “a direct threat” to the security of their nations.

France 24

Alibaba And Other Chinese Stocks Go Jittery As China Tightens Rules On Overseas Data Transfer

The Cyberspace Administration of China (CAC) sought public feedback on draft rules governing the transfer of personal data overseas, Reuters reports. Under the draft rules, companies collecting personal data would be responsible for the legality, legitimacy, the need for the data, scope, and security of overseas transfers. The draft also covers methods…

Benzinga

Russia, China and the Nordic duo: Key points from NATO summit

The bloc agreed to a new strategic framework with focus on Russia and pledge to boost capabilities during Madrid summit.

Al Jazeera

Samsung's Commercializes 3-Nm Chip Production To Grab Bigger Pie From Apple, Qualcomm

Samsung Electronics Co, Ltd (OTC:SSNLF) has begun commercializing 3-nm chips intensifying rivalry with the most significant contract chipmaker Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM). The first-gen 3-nm process can reduce power consumption by up to 45%, improve performance by 23%, and reduce the area by 16%. Samsung will begin with 3-nm semiconductors for high-performance and…

Benzinga

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Benzinga

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Los Angeles Times

‘Just another Chinese city’: Xi’s Hong Kong visit marks its new era under Beijing’s control

TAIPEI, Taiwan — Even before he set foot in Hong Kong, Chinese President Xi Jinping’s intent was clear: to usher in the city’s next chapter under the firm grip of Communist Party rule.

The Hindu

China voices opposition to India's reported plans to hold G20 summit in J&K

"We have noted relevant information," Chinese Foreign Ministry spokesperson Zhao Lijian said

Bangkok Post

China to press on with 'zero Covid', despite economic risks, Xi Jinping says

HONG KONG: Chinese President Xi Jinping has reaffirmed the country's zero-tolerance approach to Covid-19 even though "it might hurt the economy".

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The Guardian - UK

Beijing hits out at Nato strategy for ‘malicious attack’ on China

Western military bloc says China poses ‘serious challenges’ to global stability

The New Daily

Reset upset? Albanese’s speech puts paid to post-election hopes

Prime Minister Albanese made some sharp criticisms of China at the NATO summit, saying Australia had been subject to "economic coercion".

AAP

Boomers beat China in World Cup qualifier

Matthew Dellavedova stepped up to guide an inexperienced Boomers side to a win over China in their FIBA World Cup qualifier in Melbourne.

The Independent UK

China’s increasing willingness to challenge international norms must be resisted, says Jacinda Ardern

‘We must stand firm on the rules-based order, call for diplomatic engagement and speak out against human rights abuses at all times’

The Conversation

G7 and Nato summits lay bare deep and hostile divide between Russia and China and the west

Against a backdrop of unprecedented turmoil – the first major war in Europe in three decades, the highest inflation rates in decades and a rapidly worsening global food crisis – western leaders have met for two major summits. The G7 met in Germany and Nato leaders gathered in Madrid. The…

Asharq Al-Awsat

Hong Kong Has ‘Risen from the Ashes’, China’s Xi Says on Rare Visit

Hong Kong has overcome its challenges and "risen from the ashes", China's President Xi Jinping said on Thursday, as he arrived in the former British colony to celebrate 25 years since its return to Chinese rule. Xi is to swear in the global financial hub's new leader, John Lee, on…

The Independent UK

COVID restrictions ease in Shanghai as case numbers drop

Shanghai is reopening its Disney Resort theme park and getting ready to allow in-person dining

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