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The Latest Breaking News from China

Asian Markets Drop With Wall St As Biden Sparks Fresh Chip Fears

Asian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan.

International Business Times

Japan hosts Pacific Island leaders summit to firm cooperation amid growing China influence in region

Japan is hosting a summit with leaders from more than a dozen Pacific island nations, seeking to deepen cooperation and increased support for a rules-based free and open Indo-Pacific

The Independent UK

‘Garbage time of history’: Chinese state media pushes back on claims country has entered a new epoch

Authorities unhappy as Chinese chat groups and WeChat feeds buzz with discussion of whether China has entered period of inevitable failure

The Guardian - UK

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US Unveils Americas-wide Plan To Boost Semiconductor Production

Secretary of State Antony Blinken unveiled Wednesday a new plan for countries in the Americas to boost production of semiconductors, which are critical just about everywhere in modern industry and a sector dominated by China.

International Business Times

American Test Of BYD's Tesla Model 3 Fighter: ‘It's Way More Luxurious’

An American car expert found BYD's Tesla Model 3 fighter extremely capable in nearly every category.

InsideEVs

China suspends nuclear talks with US over arms sales to Taiwan

Nuclear proliferation talks halted as tensions rise over Biden and Trump’s calls for increased trade restrictions

The Guardian - US

This Should Be BYD's First U.S. Passenger Vehicle. Change My Mind

BYD has no plan to sell the Shark plug-in hybrid pickup in the US, but it is looking to build a factory in Mexico so maybe it has plans to import it.

InsideEVs

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China’s Youth Jobless Rate Falls for a Third Month to 13.2%

Jobless figures encouraging but concern at 11.8 million graduates entering the job market this year

Caixin Global

Broader Market Closes Lower as Chip Stocks Plunge

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -1.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.94%. Stock indexes Wednesday settled mixed, with the Dow Jones Industrials posting a new record...

Barchart

Vance’s ascension solidifies isolationist faction of GOP - Roll Call

Trump’s selection of JD Vance as his running mate solidified a faction of the GOP that embraces an “America First” approach to the world

Roll Call

Stock Market Today: Semis Get Slammed and Blue Chips Bounce

The potential for more curbs on tech sales to China set off a rotation into blue chips.

Kiplinger

Nvidia shares tumble over 6% amid geopolitical fears

The Biden administration is weighing tighter export controls to stymie China as Donald Trump sparked doubt about America’s commitment to Taiwan.

Fortune

U.S. Plans Restrictions On Chinese Car Software

The U.S. plans to propose restrictions on vehicle software from China next month, Reuters reported.

InsideEVs

The Volkswagen ID.UNYX Wants To Be Your Conversation Companion

This China-Only Volkswagen crossover-coupe has a 3D companion powered by AI, that will be able to "accompany the driver on conversations"

InsideEVs

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The Guardian - UK

‘More politicised than any other bank’: HSBC’s new boss prepares to ride the Chinese tiger

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie

Tom’s Hardware

Trump says Taiwan should pay US for defense — 'They did take about 100% of our chip business'

In a Bloomberg interview, former President Donald Trump said that the US should be paid to protect Taiwan from China, and highlighted the island's dominance in chipmaking.

Top News

Deadly Fire Erupts In Chinese Shopping Mall

Tragedy strikes in Zigong, China as a shopping mall fire claims lives. Safety standards in China face scrutiny.

InsideEVs

More Proof That Tariffs On China's EVs Won't Work Forever

Facing tariffs from the European Union, Chinese giant BYD is just building a factory in Turkey capable of producing up to 150,000 units annually.

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The Conversation

Military spending in DRC and South Sudan rose fastest in the world: society ends up paying the price

Global military expenditure is dominated by the United States and China, with 49% of total spending between them. According to the most recent report by the Stockholm International Peace Research Institute, global military spending reached US$2.4 trillion in 2023, a 6.8% increase on 2022.

The Conversation

Olympics: Senegal won silver in 1988 – why it’s never managed to repeat this feat

Since Senegal first competed in the Olympic Games in 1964, its success has been marked by a single medal, a feat achieved in 1988 by El Hadji Amadou Dia Bâ at the Seoul games. His remarkable performance in the 400m hurdles secured him a silver medal.

Tom’s Hardware

U.S. planning 'draconian' sanctions against China's semiconductor industry: Report

U.S. government wants to further restrict curbs for China's semiconductor sector as foreign companies still sell fairly advanced tools to Chinese entities.

Caixin Global

Ex-Branch President of Chinese Policy Lender Falls Under Graft Probe

Wang Fade’s case adds to a growing list of corruption scandals at the Export and Import Bank of China

The Guardian - UK

‘Society doesn’t want my kids’: China’s single women forced abroad to freeze their eggs

Calls grow for end to ban that means only married Chinese couples can access ‘social egg freezing’ services

Barchart

Stock Index Futures Plunge With Tech Under Pressure, U.S. Economic Data and Earnings in Focus

September S&P 500 E-Mini futures (ESU24) are down -0.79%, and September Nasdaq 100 E-Mini futures (NQU24) are down -1.22% this morning as concerns over stricter U.S. restrictions on Chinese trade and semiconductor technology weighed on sentiment, while investors awaited a fresh batch of U.S. economic data and the next round…

Fortune

A Chinese bottled water giant run by the country's richest person is picking a fight with Hong Kong's consumer watchdog

Hong Kong's consumer watchdog said Nongfu Spring's bottled water nears the EU limit for a potentially dangerous chemical.

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