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The Latest Breaking News from China

Short Seller Jim Chanos Says 'China Should NOT Be The Standard' For Financial Reporting As Trump Pushes For Getting Rid Of Quarterly System

Veteran short seller Jim Chanos has sharply criticized the notion of adopting Chinese financial reporting standards in the U.S., saying that the Asian country should “NOT” be a benchmark for financial reporting in the U.S.

Benzinga

American tennis star Taylor Townsend apologizes for comments about Chinese food

American tennis star Taylor Townsend has apologized for making disparaging comments about Chinese food before the United States plays Kazakhstan at the Billie Jean King Cup Finals in Shenzhen, China

The Independent UK

Alibaba And SMIC Power Beijing's Bid To End Reliance On Nvidia And ASML

Alibaba Group Holding Ltd. (NYSE:BABA) shares advanced in premarket trading Wednesday after reports that the company secured China Unicom as a major client for its artificial intelligence chips.

Benzinga

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China's Tech Stocks Surge As AI Spending Accelerates

Chinese technology stocks rallied on Wednesday as growing bets on artificial intelligence lifted investor sentiment. Shares of Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD), PDD (NASDAQ:PDD), NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV) all advanced, underscoring renewed confidence in China’s tech and electric vehicle sectors.

Benzinga

Tim Cook says Apple’s $600 billion factory build out will create a 'domino effect.' But the tech giant still isn’t building iPhones in America

A manufacturer labor shortage and an “impossible-to-replicate” supply chain will keep the tech giant dependent on Asia factories, experts tell Fortune.

Fortune

China’s ‘ghost particle’ machine could solve science’s greatest mysteries

A futuristic underground observatory located in the hills of China could uncover a whole host of secrets

The Independent UK

Hong Kong Leader Unveils Plan To Boost Growth With Border Mega-project, AI Push

Hong Kong's leader outlined plans Wednesday to diversify the city's economy and accelerate growth, including fast-tracking an ambitious border development project and establishing the artificial intelligence sector as a "core industry".

International Business Times

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China Bans Nvidia Chip Purchases For Major Tech Firms: NVDA Stock Falls In Wednesday Pre-Market

China has banned its leading technology companies from procuring Nvidia Corporation (NASDAQ:NVDA)’s artificial intelligence (AI) chips. During Wednesday’s pre-market trading session, Nvidia stock fell nearly 1.5%.

Benzinga

Trump extends TikTok shutdown deadline for fourth time after reaching framework deal with China

US President Donald Trump postponed federal law to ban social media platform TikTok while American and Chinese officials iron out a framework deal.

Euronews

China's SMIC Pilots Domestic Lithography Machine To Push 7nm Chips As Beijing Turns Regulatory Heat On Nvidia

China's leading chipmaker is testing its first domestically produced advanced lithography machine for 7nm chips, even as regulators intensify scrutiny of U.S. rival Nvidia Corporation (NASDAQ:NVDA).

Benzinga

Albanese leaves PNG with major defence treaty still a work in progress

Prime Minister Anthony Albanese put the best face on the situation after his plan to sign a major defence treaty with Papua New Guinea while in Port Moresby fell through.

The Conversation

China accuses New Zealand of harassing its citizens at airports

Chinese embassy says it lodged a ‘serious representation’ over interrogations and seizures of electronic devices.

Al Jazeera

Hong Kong leader unveils plans to boost economy and nurture emerging industries beyond finance

Hong Kong's leader has announced plans to accelerate the development of an economic hub near its border with mainland China

The Independent UK

Trump announces deal with China to allow TikTok to continue operating in US

US president says a ‘group of very big companies’ wants to buy the popular video-sharing platform.

Al Jazeera

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Al Jazeera

Australia, PNG delay defence pact as China’s rise in Pacific region looms

Australian PM Albanese fails to sign mutual defence pact a week after also failing to sign security deal with Vanuatu.

Benzinga

NHTSA Opens Probe Into 174K Tesla Model Y SUVs After Reports Of Children Trapped Inside: 'A Child May Not Be Able To…'

The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into an estimated 174,290 Tesla Inc. (NASDAQ:TSLA) Model Y crossover SUVs over faulty electronic door handles.

The Independent UK

Foreign disinformation about Charlie Kirk's killing seeks to widen US divisions

Russia moved quickly to exploit conservative activist Charlie Kirk's shooting death at a Utah college, with groups linked to the Kremlin spreading false and misleading claims that experts say are designed to incite violence

International Business Times

EU Business Lobby Head Says China Rare Earths Snag Persists

European firms still face challenges in securing access to crucial rare earths from China, a business lobby warned Wednesday, despite a July deal to speed up exports.

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International Business Times

Australia, Papua New Guinea Delay Mutual Defence Treaty

Australia and Papua New Guinea failed to sign a long-awaited mutual defence treaty as expected on Wednesday, as Canberra seeks to deepen ties with Pacific nations and counter Beijing's rising influence.

Benzinga

China Secures 'Win-Win' TikTok Deal With US As Trump Extends Deadline, ByteDance Hits $330 Billion Valuation

President Donald Trump granted another extension for TikTok's U.S. divestment deadline as Washington and Beijing reached a framework deal that China called a "win-win," while ByteDance's valuation climbed to $330 billion through a new employee buyback program.

The Guardian - AU

Trump celebrates TikTok deal as Beijing suggests US app would use China’s algorithm

Comments from Chinese official in Madrid have raised questions over who could control the algorithm that powers Tik Tok’s video feed

The Conversation

Pacific leaders reach agreement on big issues – but unity remains elusive

The Pacific Islands Forum wrapped up its annual leaders meeting last week with some significant agreements, including the launch of the region’s own climate financing facility, the endorsement of the Ocean of Peace declaration and policies on partnerships and broader aspirations for “deeper integration”.

The Guardian - AU

‘Everyone should be worried’: life in the crosshairs of China’s ‘Guam killer’ missiles

The big Beijing military parade included new weaponry that analysts say could potentially threaten the US Pacific territory

Benzinga

Why Bessent's Tariff Talk Puts Dollar-Sensitive Stocks On Edge

Stanley Druckenmiller's protégé, Treasury Secretary Scott Bessent, is stirring fresh debate on Wall Street with his latest read on tariffs and trade in a CNBC Squawk Box interview. At first glance, a narrowing U.S. trade deficit with China looks like a policy win, but Bessent warns it could have unintended…

Benzinga

Bessent Says Trump Was Ready To Let TikTok 'Go Dark' — Here's What That Means For Tech Stocks

President Donald Trump was ready to let TikTok "go dark" — and that hardball stance forced China back to the negotiating table, according to Treasury Secretary Scott Bessent. But while Washington debates national security, Wall Street is asking a different question: what does TikTok's uncertain fate mean for U.S. tech…

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