The Latest Breaking News from China

U.S. looking to China not to escalate tensions in event of Pelosi visit to Taiwan -Blinken

U.S. Secretary of State Antony Blinken said on Monday that a potential visit to Taiwan by House of Representatives Speaker Nancy Pelosi would be entirely her decision, but called on China not to escalate tensions in the event of a visit.

Reuters · Aug 1, 2022

White House says Pelosi has a right to visit Taiwan

U.S. House of Representatives Speaker Nancy Pelosi has the right to visit Taiwan, the White House said on Monday, adding that China appeared prepared to respond in coming days, possibly with military provocations.

Reuters · Aug 1, 2022

China: Plug-In Car Sales Reached New Monthly Record In June 2022

Some 565,269 new passenger plug-in electric cars were registered in China in June, which is 132% more than a year ago.

InsideEVs · Aug 1, 2022

JinkoSolar Taps China Unit to Raise $1.5 Billion for New Projects

Key Takeaways: JinkoSolar will issue up to 10 billion yuan worth of convertible bonds through its China-listed subsidiary to help fund two major new projects announced earlier this year

Benzinga · Aug 1, 2022

Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Key Takeaways: Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022 The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply…

Benzinga · Aug 1, 2022

British MPs plan visit to Taiwan as tension with China simmers

Exclusive: Tom Tugendhat likely to lead trip later this year as London’s relationship with Beijing deteriorates

The Guardian - UK · Aug 1, 2022

U.S. House Speaker Pelosi to visit Taiwan on Tuesday -Taiwan media

Several Taiwan media outlets reported late on Monday that U.S. House of Representatives Speaker Nancy Pelosi will visit Taiwan on Tuesday and spend the night in Taipei, citing unidentified sources.

Reuters · Aug 1, 2022

China banks may face $350 billion in losses from property crisis

BEIJING: China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil.

The Times of India · Aug 1, 2022

Biden, Putin strike conciliatory tones as nuclear arms talks start at U.N

U.S. President Joe Biden said on Monday he is ready to pursue a new nuclear arms deal with Russia and called on Moscow to act in good faith as his Russian counterpart Vladimir Putin said there could be no winners in any nuclear war.

Reuters · Aug 1, 2022

How used clothes became part of Africa's creative economy -- and fashion sense

In recent years the global secondhand apparel market for clothing and shoes has grown exponentially. In 2002 used clothing exports were worth US$1.4 billion. Despite a slowdown during the COVID-19 pandemic exports were close to US$4 billion in 2020.

The Conversation · Aug 1, 2022