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The Latest Breaking News from China

Business Brief (July 9): China Flags Security Backdoor in AI Tool Claude Code

IMF upgrades China’s economic growth forecast

Caixin Global

Nasdaq Futures Climb as Chipmakers Provide a Boost, Middle East Developments in Focus

September Nasdaq 100 E-Mini futures (NQU26) are up +0.46% this morning, led by advances in chip and other AI-linked shares, while investors kept a close eye on developments in the Middle East.

Barchart

Super Typhoon Bavi: Taiwan, China and Japan brace for giant storm as wide as France

China, Taiwan and Japan braced for what may be the most destructive tropical storm in years as Super Typhoon Bavi, a storm roughly the width of France at about 1,000km, churned toward the region with winds near 200km/h.

The Times of India

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Aokuso shows grit in Opals' comeback win over China

The Opals fought back from 18 points down to pip China in a thriller, completing a sweep of their series ahead of the FIBA Women's World Cup.

AAP

China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home

China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group

The Independent UK

Volkswagen faces crunch talks over 100,000 job cuts and factory closures

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

Euronews

Flooding in China kills at least 39 – with Super Typhoon Bavi set to cause more destruction

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The Independent UK

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China's ballistic missile launch was a message for the US

China has launched a ballistic missile into the South Pacific, drawing international criticism from many countries in the region

The Independent UK

Modi govt hurt national interests by letting China capture India's critical industries: Congress

Congress president Mallikarjun Kharge accused the government of harming national interests. He cited reports claiming China powers India's strategic and critical industries. Imports from China have significantly increased since the Galwan clash. This has led to a substantial trade deficit with the neighboring country. Kharge highlighted dependence on China for…

The Economic Times

China, Taiwan brace for Typhoon Bavi, possibly the most powerful storm in years

Typhoon Bavi is approaching Taiwan with powerful winds and heavy rainfall. Thousands of soldiers are on standby as the island prepares for a major storm. China is still recovering from Typhoon Maysak which caused significant loss of life. Many residents are seeking shelter and harvesting crops before Bavi makes landfall.…

The Economic Times

Rick Scott Urges Trump to Increase Tariffs on Chinese Generic Drug Makers Over 'Uyghur Slave Labor' Claims

On Wednesday, Sen. Rick Scott (R-Fla.) called on the Trump administration to increase tariffs on Chinese generic drug manufacturers, citing alleged forced labor practices and concerns about pharmaceutical safety.

Benzinga

Global Market: China's factory inflation hits four-year high, keeping metals and industrial stocks in focus

China's factory-gate inflation reached its fastest pace in four years during June. Producer prices rose 4.1 percent year-on-year, driven by energy and commodity costs. However, consumer inflation slowed to 1.0 percent, reflecting weak domestic demand. Manufacturers face rising costs but struggle to pass them onto consumers. This uneven recovery highlights…

The Economic Times

Venomous snakes escape breeding farms in southern China during flooding

Local media in Hengzhou report king ratsnakes and cobras among hundreds in flood waters caused by typhoon Maysak

The Guardian - UK

China's car slump has a new escape route — the rest of the world

China's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to seek new markets. Chinese automakers are now flooding global markets with competitively priced vehicles. This influx intensifies price competition and challenges established manufacturers worldwide. Governments are responding with tariffs and increased scrutiny…

The Economic Times

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Fortune

How global energy markets built the ‘Amazon of oil’ logistics to keep prices from spiraling

Nations and companies can more easily and quickly divert petroleum shipments to hot spots thanks to modern technology.

The Independent UK

China space probe successfully captures image of ‘quasi-moon’ Kamo’oalewa

China's Tianwen-2 probe has successfully captured and sent back an image of its target, the “quasi-moon” Kamo'oalewa. Launched in 2025, the spacecraft - the nation's first asteroid sampling mission - travelled a billion kilometres to reach within 20 km of the quasi moon. It will now spend nearly a year…

The Independent UK

Typhoon Bavi mapped: Taiwan and China brace for the ‘most powerful storm in years’ after floods kill 39

Bavi will be region’s most powerful typhoon since 2024 if it maintains its forecast intensity

The Independent UK

Flooding in southern China has killed 39 people

Authorities in southern China say that 39 people have died in flooding from Tropical Storm Maysak

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news in one place.

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The Economic Times

US crackdown on top AI fuels open-source surge

The US government's shock moves to restrict access to top artificial intelligence systems from Anthropic and OpenAI have sparked growing interest in open-source models -- especially ones from China. Around the same time, China's Zhipu AI (also known as Z. ai) released GLM-5.2, an open model that performed nearly as…

Benzinga

Cathie Wood Scoops Up SpaceX Shares Again as Stock Dips, Ark Keeps Offloading AMD Shares

Cathie Wood’s Ark Invest made major moves in both Space Exploration Technologies Corp. (NASDAQ:SPCX) and Alibaba Group Holding Ltd. (NYSE:BABA) on Wednesday, July 8, as the firm leaned into two high-profile names that were both in the news. SpaceX drew attention after hiking Starlink aviation prices, while Alibaba gained momentum…

The Times of India

A 2,300-year-old Chinese tomb held a sealed bronze bottle, and scientists found beer still preserved inside

A bronze bottle buried for more than two millennia has offered an unexpectedly detailed glimpse into everyday life during one of ancient China's most influential periods. While excavating a tomb at the Shanjiabo cemetery, archaeologists came across a carefully sealed vessel that still contained liquid despite its extraordinary age. Instead…

InsideEVs

BYD's PHEV Pickup Just Landed In The U.K. But Americans Still Can't Have It

The BYD Shark pickup truck was already on sale in China, Mexico, South America, and Australia, leaving the U.S. as the odd one out now that the UK gets it.

The Economic Times

China car sales slump for ninth straight month, exports stay strong

China's car sales have declined for nine consecutive months, impacting domestic demand significantly. Automakers are now increasingly focusing on export markets to offset these local sales slumps. Consumers with higher purchasing power are upgrading to new premium vehicles with advanced features. This trend benefits emerging Chinese brands while traditional German…

The Economic Times

Beijing signals thaw in EU trade ties after landmark Nordic trip

China's Foreign Minister Wang Yi urged the EU to remain open and reduce export restrictions. Beijing desires an upward balance in trade and greater market access. European nations face a significant trade deficit with China, causing concern. China views the economic relationship as fundamentally complementary and mutually beneficial. The trip…

Benzinga

SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Citi Wealth’s CIO Weekly Bulletin flags a subtle but important shift in the global memory landscape: China’s domestic memory chips are now "gaining international recognition."

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