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The Latest Breaking News from China

Meituan Cries 'Irrational!' As Alibaba Escalates Delivery Battle

Alibaba Group (NYSE:BABA) escalated China’s instant delivery price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:JD) and Meituan (OTC:MPNGY).

Benzinga

3M, Caterpillar, Cummins To Visit Beijing For Rail Supply Chain Talks As China Takes A Dig At US High-Speed Rail Delays

China's high-speed rail progress will take center stage at the US-China Rail Transit Industry Roundtable in Beijing, where U.S. firms like Westinghouse Air Brake Technologies Corp (NYSE:WAB), Caterpillar (NYSE:CAT), Cummins (NYSE:CMI), L B Foster Co (NASDAQ:FSTR) and 3M Co. (NYSE:MMM) will participate.

Benzinga

Breaking China's Stranglehold on Rare Earth Elements

China is using its near-monopoly on critical minerals to win trade concessions. Can the U.S. find alternate supplies?

Kiplinger

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Autoliv's Q2 Pops On Solid Tariff Recovery, But China Overhang Pressures Stock

Autoliv, Inc. (NYSE:ALV) topped second-quarter earnings on strong margins and tariff gains, but China headwinds dragged shares lower in Friday’s premarket.

Benzinga

Chinese state-sponsored cyberattacks target Taiwan semiconductor industry — security firm says motivation of three separate campaigns 'most likely espionage'

China-linked hackers are targeting Taiwan’s chipmakers and U.S. analysts with spear-phishing, Cobalt Strike, and custom malware. At least 15–20 organizations were hit since March, as Beijing seeks semiconductor self-sufficiency amid U.S. export controls.

Tom’s Hardware

China pledges to crack down on illicit exports of rare earths, urges US to lift more trade controls

China's Ministry of State Security says it is cracking down on alleged smuggling of rare earths materials that it says threaten national security

The Independent UK

5 Everyday Items That Could Get More Expensive After Trump’s Trade Deal With China

Here's a look at five everyday items that could become more expensive after President Trump's trade deal with China goes into effect.

GOBankingRates

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“There is a real risk that new DJI drones would be prevented from entering the US market.” With less than six months until a drone-banning deadline, DJI urges lawmakers to act

DJI warns that a drone ban could have devastating effects on businesses and first responders, yet a government-mandated security review has yet to start

Digital Camera World

S&P Futures Gain as Strong U.S. Economic Data and Earnings Boost Optimism

September S&P 500 E-Mini futures (ESU25) are trending up +0.19% this morning, extending yesterday’s gains as rising confidence in the strength of the U.S. economy and positive earnings reports bolstered investors’ risk appetite.

Barchart

China issues safety warning for its nationals studying in the Philippines

China’s Education Ministry has issued a safety warning for Chinese students in the Philippines, following what it describes as a series of criminal incidents targeting Chinese nationals

The Independent UK

Company insolvencies fall in England and Wales, in ‘glimmer of relief’; Trump blasts Fed board – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Tesla finally parks in India. But can it survive?

Elon Musk’s EV giant has launched its Model Y in Mumbai, but its $70,000 price tag may be its biggest speed bump.

Al Jazeera

‘Keeping us hooked on fossil fuels’: how can we negotiate with autocracies on the climate crisis?

The bulk of global greenhouse gas emissions come from countries that are not democratic, and many big oil and gas exporters are also authoritarian

The Guardian - UK

China Mulls Economy-boosting Measures To Counter 'Severe Situation'

China is prepared to take measures and has a "plentiful" toolbox to avoid an economic slump in the second half of the year, its commerce minister said Friday as he admitted it faced a "very severe and complex situation".

International Business Times

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GOBankingRates

I Asked ChatGPT To Explain Tariffs Like I’m 12 — Here’s What It Said

Tariffs are complicated, but ChatGPT breaks them down so a 12-year-old could understand. Find out how tariffs work and how they could affect you.

AAP

Family plead for alleged China pilot trainer's freedom

Australian Daniel Duggan faces up to 60 years in prison for allegedly training Chinese military personnel after leaving the US Marine Corps.

The Conversation

Pragmatic engagement – what Albanese’s visit reveals about China relations in a turbulent world

The Albanese government has faced an increasingly uncertain world since its re-election in May.

Windows Central

Watch Blizzard's insane China drone show for World of Warcraft's 20thanniversary — Blizzard also announces a crazy, China-exclusive "Raid Rush" server that I wish the rest of the world could play

Social media has spotted footage of China hosting an epic drone show in honor of World of Warcraft's 20th anniversary. Around the same time, NetEase, the main operator for World of Warcraft in China, hosted a livestream showcasing new gameplay info for Chinese players and for the world at large.

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Barchart

S&P 500 and Nasdaq 100 Rally to Record Highs on a Resilient US Economy

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.74%. September E-mini S&P futures (ESU25 ) rose +0.59%, and September E-mini Nasdaq futures (NQU25...

Space

Lunar lava tubes on Earth? China completes underground moon simulation test area (video)

China has taken a new step in its long-term planning for lunar exploration with the completion of a "simulated moon underground space."

Benzinga

Tesla's Model YL Takes On Toyota And Ford: Analyst

Tesla, Inc. (NASDAQ:TSLA) is reportedly preparing to introduce a longer, six-seat version of its Model Y sport utility vehicle in China.

Barchart

Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China

Lawmakers loaded up on AI stocks days before the U.S. reversed its chip policy with China — and you can track every move with Barchart tools.

Benzinga

Wall Street's Big 7 Are Now Bigger Than China's Entire Economy

The combined market capitalization of America's seven largest corporations has now overtaken the entire economic output of China, the world's second-largest economy.

Benzinga

Boeing's July Deliveries On Track With China Uptick

Boeing Company (NYSE:BA) is showing signs of steady momentum across its 737 and 787 programs in July, navigating through typical seasonal slowdowns and an initially sluggish start.

AAP

PM confident of Australian jobs boost after China visit

The prime minister has wrapped up an almost week-long visit to China but the opposition is still calling for ties with allies like the US to be prioritised.

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