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The Latest Breaking News from China

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

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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

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.

Fortune

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 Guardian - UK

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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 Independent UK

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.

Fortune

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.

Barchart

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.

AAP

Shanghai Composite Index Fell 6.62% on Wednesday

Shenzhen Component Index closed down 8.15%

Caixin Global

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.

Radio France Internationale

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.

AAP

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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

The Independent UK

China stocks decline amid economic recovery disappointment, while other markets in Asia rise

Shares in China have slumped as details of economic stimulus plans from officials in Beijing failed to meet investors' expectations, while other markets in Asia are higher

The Independent UK

It turns out Trump’s ‘God Bless the USA’ Bibles were made in China

Critics called the Trump Bible blasphemous

AAP

New Socceroos coach Popovic demands intensity lift

Socceroos stalwart Jackson Irvine says new coach Tony Popovic has made an instant impact by demanding greater intensity ahead of a crunch World Cup qualifier.

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International Business Times

Chinese Shares Drop On Stimulus Upset, Asia Tracks Wall St Higher

Stocks in mainland China and Hong Kong fell Wednesday in a volatile start a day after Beijing left investors disappointed over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.

The Independent UK

Southeast Asian leaders meet in Laos in a summit set to tackle crisis in Myanmar and disputed sea

Southeast Asian leaders gathered in the capital of Laos for an annual regional forum that will focus on tackling the prolonged civil war in Myanmar and territorial tensions in the South China Sea

Top News

JD Vance: China Is The Biggest Threat To The US

JD Vance highlights China as top US threat, contrasts with Harris on Iran, and promotes Trump's peace efforts.

France 24

Trade tensions rise as EU, China impose tariffs

Global trade tensions are heating up, as China announces new tariffs on imports of European brandy. The move follows the EU decision to raise tariffs on Chinese-made electric vehicles, following similar moves by the US and Canada. Greta Peisch, a partner at Wiley Rein LLP and former General Counsel for…

Fortune

Wall Street soars as Hong Kong sees biggest single-day drop since 2008

The group of tech stocks known as the Magnificent Seven all rose on Tuesday, with the largest gain going to Nvidia, up 4.1%.

Barchart

Crude Prices Sink as China Refrains from New Stimulus Measures

Nov WTI crude oil (CLX24 ) Tuesday closed down -3.57 (-4.63%), and Nov RBOB gasoline (RBX24 ) closed down -8.57 (-3.98%). Crude oil and gasoline prices Tuesday gave up an early advance and sold off sharply after China refrained from adding new stimulus measures. Also, an increase in Libyan crude...

International Business Times

China Says Raised 'Serious Concerns' With US Over Trade Curbs

The United States and China on Tuesday raised concerns about trade between the world's two biggest economies, with China's commerce minister urging Washington to lift sanctions on his country's firms "as soon as possible".

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