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The Latest Breaking News from China

China marks ten years of Belt & Road forum, though interest is waning

Beijing will inject over $100 billion of new funding into its Belt and Road initiative (BRI), China's President Xi Jinping said Wednesday at a summit marking the vast infrastructure project's tenth anniversary.

Radio France Internationale

The BRI at 10, some hits, many misses

Many issues have tarnished the reputation of brand Belt and Road Initiative, as there are perceptions that it is a win for China twice over at the cost of other stakeholders

The Hindu

China’s Xi warns West against cutting ties as he welcomes ‘dear friend’ Putin to Beijing

‘We stand against unilateral sanctions and economic coercion’

The Independent UK

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Joe Biden’s peace mission to Israel exposed the limits of US global influence

The stakes couldn’t be higher. A wider war in the Middle East could embolden Russia in Ukraine and encourage China over Taiwan, says Guardian columnist Martin Kettle

The Guardian - UK

South Korea-Australia ink new defence co-operation deal

The Australian and South Korean armies, navies and air forces will conduct more complex military drills together after defence ministers signed a new agreement.

AAP

Beyond Nvidia: Avoid These At-Risk Chip Stocks as U.S.-China Tensions Rise

Chip stocks fell yesterday after the U.S. Commerce Department announced new restrictions on exports of high-end AI chips to China. However, while Nvidia appears to be the hardest hit by this latest move, other companies could also stand to lose significantly if the chip war escalates.

Barchart

What is the Belt and Road initiative? Vladimir Putin attends summit in Beijing with Xi Jinping

More than 130 nations are represented at 10-year anniversary event of global project aimed at increasing China's influence worldwide

Evening Standard

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European delegates walk out of China-led international summit as Vladimir Putin starts speaking

Russian leader and China’s President Xi Jinping spoke out against the West in their speeches

The Independent UK

Markets Today: Stocks Slip on Set-Back in Diplomatic Efforts to Contain Israel-Hamas Conflict

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.48%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.67%. Stock index futures this morning are moderately lower on this morning’s weaker-than-expected U.S. housing starts report. Also, risks of an escalation in the Israeli-Hamas war weighed...

Barchart

Nvidia thought it found a way around U.S. export bans of AI chips to China—now Biden is closing the loophole

Billionaire founder Jensen Huang can no longer sell two lucrative chips specially designed for the Chinese market, because they might help boost its military capabilities.

Fortune

China’s Xi warns West against economic ‘decoupling’

The Chinese president praised his 10-year Belt and Road Initiative at an international forum celebrating the project.

Al Jazeera

Australia cannot be ‘passive bystanders’ in a war between US and China, Richard Marles says

Defence minister says consequences of a conflict over Taiwan are ‘so grave’ and says status of island must be ‘arrived at peacefully’

The Guardian - AU

S&P Futures Plunge as Middle East Fears Weigh on Sentiment, Tesla and Netflix Earnings on Tap

December S&P 500 futures (ESZ23) are trending down -0.45% this morning as uncertainties lingered in the Middle East, and investors weighed the possibility of further rate hikes by the Federal Reserve while eagerly awaiting earnings results from U.S. heavyweights Tesla and Netflix.

Barchart

S&P Futures Drop as Middle East Fears Weigh on Sentiment, Tesla and Netflix Earnings on Tap

December S&P 500 futures (ESZ23) are trending down -0.34% this morning as uncertainties lingered in the Middle East, and investors weighed the possibility of further rate hikes by the Federal Reserve while eagerly awaiting earnings results from U.S. heavyweights Tesla and Netflix.

Barchart

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The Hindu

CM to consider 2% reservation for sportspersons in all government jobs in Karnataka

On October 18, the CM felicitated and presented cash awards to athletes and coaches of Karnataka who won medals in the recently held 19th Asian Games in China.

The Conversation

Politics with Michelle Grattan: Kim Beazley on Albanese's US trip, Biden in the Middle East, and the Voice's defeat

The prime minister heads to Washington next week for a state visit. Talks between Anthony Albanese and President Joe Biden will canvass progress on implementing the AUKUS agreement, Ukraine, China and the situation in the Asia-Pacific region, and of course the Middle East crisis. Biden will have just returned from…

The Independent UK

Stock market today: World markets edge lower as China reports slower growth in the last quarter

Shares are mostly lower in Europe and Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter

The Independent UK

Russian President Putin and Chinese leader Xi meet in Beijing and call for close policy coordination

The leaders of Russia and China have met in Beijing and called for close foreign policy coordination

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The Independent UK

China says US moves to limit access to advanced computer chips hurt supply chains, cause huge losses

Beijing has vigorously protested the U.S. Commerce Department's latest update of export controls to prevent exports to China of advanced computer chips and the equipment to make them

Caixin Global

Shanghai Composite Index Fell 0.8% on Wednesday

Shenzhen Component Index closed down 1.24%

Al Jazeera

Xi hails ‘deepening trust’ between China and Russia as he meets Putin

Chinese president notes that he and Putin have met 42 times in the past decade and developed a ‘deep friendship’.

Al Jazeera

UN chief Guterres condemns ‘collective punishment’ of Palestinians

Speaking in China, the UN secretary-general called for an ‘immediate humanitarian ceasefire’ in Israel and Gaza.

The Guardian - UK

UK has highest inflation in G7 after CPI fails to fall in September – as it happened

UK consumer prices inflation remained at 6.7% in September, dashing hopes of a fall, as petrol and diesel prices increase

The Guardian - UK

Europe and the US should work with China. Joint climate action could be a win-win

From deals on electric cars to solar panels, all sides could benefit from the global green energy transition, says Simone Tagliapietra of the Brussels-based thinktank Bruegel

France 24

Xi praises 'deepening' trust between China and Russia in talks with Putin

Chinese leader Xi Jinping told Russian President Vladimir Putin on Wednesday that "political mutual trust" between their countries was "continuously deepening", Beijing's state media reported.

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