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The Latest Breaking News from China

China's Central Bank Says Opens Up $70.6 Bn In Liquidity To Boost Market

China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.

International Business Times

Sea Row On The Menu As ASEAN Leaders Meet China's Li

Southeast Asian leaders will hold summit talks Thursday with Chinese Premier Li Qiang, with the disputed South China Sea on the agenda after months of escalating clashes between Beijing's vessels and Philippine and Vietnamese fishermen.

International Business Times

Taiwan's President To Deliver Key Speech For National Day

Taiwanese President Lai Ching-te is set to deliver a key speech on Thursday as part of the self-ruled island's National Day celebrations that is likely to elicit an angry response from China.

International Business Times

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Youth social media ban faces opposition

NSW and South Australia are hosting a social media summit amid growing scrutiny of the proposed youth ban, and new polling shows voters are open to changing negative gearing… a bit.

Crikey

Someone finally tested China's x86 CPU answer to AMD and Intel — the 8-core Zhaoxin KX-7000 processor is promising, but can't reasonably compete for now

Zhaoxin’s 8-core KX-7000 x86 CPU has been tested - China’s answer to AMD and Intel shows promise

TechRadar

The Volvo EX30 Is Already On Canadian Roads

Canadian buyers can already go out and buy the pint-sized EV crossover at dealerships across Canada.

InsideEVs

Cerebras may postpone IPO as US government investigates potential AI tech transfer to China

A delayed CFIUS review of G42 investments in Cerebras may delay the latter's IPO.

Tom’s Hardware

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Popovic's Socceroos sink China to revive World Cup hope

The Socceroos have downed China 3-1 in Tony Popovic's first game as coach to revive Australia's hopes of qualifying for the next World Cup.

AAP

Mexico takes the US side in potential trade battles with China and seeks to boost local content

Mexico's top economic official is suggesting that his country will actively take the U.S. side in looming trade battles with China

The Independent UK

Trump Quietly Printing Pricey 'USA' Bibles in China, Damning New Documents Reveal

Trump's patriotic Bibles are being sold for $59.99, about 20 times more than the estimated value of the Bibles, which was less than $3.

Latin Times

Trump has long blasted China's trade practices. His 'God Bless the USA' Bibles were printed there

Thousands of copies of Donald Trump’s “God Bless the USA” Bible were printed in China, a country that the former president has repeatedly accused of stealing American jobs and engaging in unfair trade practices

The Independent UK

What’s Next for NIO Stock as the Chinese Stimulus Rally Fades?

NIO stock has looked shaky after a 65% rally in September. What's next for the Chinese EV company as the stimulus-driven rally in Chinese shares fades away?

Barchart

1 Industrial Stock to Buy Now for an Elevator Ride to the Top

The existing global base of elevators is reaching the age where it needs to be modernized. That is great news for Otis, which has the largest installed base in the world. The growth is already happening, with modernization orders up 23% in 2023. Much more is to come.

Barchart

S&P Futures Tread Water Ahead of FOMC Meeting Minutes and More Fed Speak

December S&P 500 E-Mini futures (ESZ24) are trending down -0.02% this morning as market participants awaited the Federal Reserve’s September meeting minutes and remarks from Fed officials.

Barchart

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Fortune

Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth

Hopes that China's stimulus plans could inject a much-needed boost among luxury players, including LVMH, have been dashed in recent days.

The Guardian - UK

Chinese stocks suffer worst fall in 27 years over growth concerns

Investors disappointed after hoped-for policy plans by Beijing to stimulate economy failed to materialise

The Independent UK

Judd Trump involved in bizarre snooker mix-up at Wuhan Open: ‘This isn’t my cue’

The world No 1 apologised to his opponent John Higgins after stopping their last-16 match

The Street

Stock Market Today: Stocks close at record high amid China slump, Google slide

Tech stocks drove markets higher Wednesday, with the Dow and the S&P 500 closing at fresh record highs.

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Fortune

Why did Europe reject a Chinese proposal to sell EVs for a minimum of €30K?

China’s reported offer fell way below the average €66,000 price for an EV in Europe.

Barchart

S&P Futures Tick Lower Ahead of FOMC Meeting Minutes and More Fed Speak

December S&P 500 E-Mini futures (ESZ24) are trending down -0.12% this morning as market participants awaited the Federal Reserve’s September meeting minutes and remarks from Fed officials.

AAP

Popovic expects instant happiness as Socceroos coach

Tony Popovic expects to be instantly happy when he makes his debut as Socceroos coach in a World Cup qualifier against China in Adelaide.

Caixin Global

Shanghai Composite Index Fell 6.62% on Wednesday

Shenzhen Component Index closed down 8.15%

Radio France Internationale

French cognac hit hard by Chinese anti-dumping measures

China says it is imposing anti-dumping measures on brandy imports from the European Union, marking the latest development in the growing trade dispute between Beijing and Brussels.

AAP

East Timor firm in gas pipe wrangle, may look elsewhere

East Timor is threatening to accept Chinese or Kuwaiti investment in a gas field if an agreement can't be reached with Australia, which remains its preference.

The Guardian - UK

China to head green energy boom with 60% of new projects in next six years

IEA says faster clean energy rollout led by solar power in China with country set to boast half of world’s renewables by 2030

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