The Latest Breaking News from China

Scott Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties

US Treasury Secretary Scott Bessent is meeting with global finance ministers in Asheville this week. He aims to focus discussions on economic growth and managing international debt burdens. The meetings occur as the US escalates sanctions against Iran and faces trade disputes. Bessent seeks international support to isolate Iran and…

The Economic Times · Aug 31

‘Uncertainties’ rising: Xi Jinping calls for stronger China-Russia cooperation in meeting with Putin at SCO summit

Russian President Vladimir Putin and Chinese President Xi Jinping met at the SCO summit. They discussed strengthening bilateral ties and international regional issues. Cooperation in artificial intelligence and digital innovation was also a key topic. Russia proposed making the bilateral visa-free regime permanent for Chinese citizens. The leaders also touched…

The Times of India · Aug 31

Fog of flood: Nepal’s disaster raises a Himalayan question for China

The August 26 disaster, triggered by a glacier collapse, has killed hundreds of people and left thousands missing, including hundreds of Indians, on Nepal-China border.

The Times of India · Aug 31

Key Nvidia and Intel supplier raided over alleged China origin fraud — Unimicron faces probe over PCB origin washing, risk of 40% U.S. tariff penalty

Taiwanese prosecutors are investigating Unimicron, one of the world’s largest PCB and chip substrate makers and a key supplier to Nvidia, Intel, Google, and Amazon, over allegations that it shipped China-made PCBs back to Taiwan and relabeled them as Taiwanese products.

Tom’s Hardware · Aug 31

Stocks Set to Open Lower as Fresh U.S.-Iran Flare-Up Lifts Oil, Jobs Data Awaited

September S&P 500 E-Mini futures (ESU26) are down -0.23%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.17% this morning, pointing to a lower open on Wall Street as renewed hostilities in the Middle East pushed oil prices higher.

Barchart · Aug 31

China's CXMT beats Western chipmakers to announcement of LPDDR6 mass production — Xiaomi smartphones to debut industry’s first LPDDR6 chips

CXMT claims to be the first to mass-produce LPDDR6 memory. Yet, for a niche phone.

Tom’s Hardware · Aug 31

Business Brief (Aug. 31): Chinese Chipmaker CXMT Sues U.S. Defense Department

Lithium prices rebound nearly 30%, while China’s medical beds decline for the first time in 30 years

Caixin Global · Aug 31

Global Market: China’s IPO boom gains momentum as AI, robotics fuel investor appetite

China’s IPO market is gaining momentum, fuelled by strong investor appetite for AI, robotics and advanced technology companies. Hong Kong and Shanghai have already raised over $54 billion through IPOs and secondary listings in 2026, while blockbuster debuts such as CXMT and Unitree highlight the enthusiasm for tech stocks.

The Economic Times · Aug 31

China’s Pacific push gets a boost as key leaders skip island forum

Several Pacific island leaders are absent from a key regional summit in Palau. This fragmentation complicates efforts to project unity amid rising China-Taiwan tensions. China is pushing back against Taiwan's participation in the forum. The summit's agenda also includes economic development and regional integration. The absences highlight the region's difficulty…

The Economic Times · Aug 31

Global Market: China, Hong Kong stocks slip as weak economic data and property overhaul weigh

Chinese and Hong Kong stocks declined as weak economic data highlighted a fragile recovery, while new measures to reform China’s housing presale system triggered a sharp selloff in property shares. Gold stocks also weakened after hawkish Fed signals, while strong first-half earnings from major banks offered some support.

The Economic Times · Aug 31