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The Latest Breaking News from China

S&P Futures Plunge as Investors Await U.S. Big Bank Earnings, U.S. Rates Stay in Focus

December S&P 500 futures (ESZ23) are trending down -0.32% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.

Barchart

You may be eating fish caught and processed by Uyghur forced labor

The US government has taken some steps to block Chinese imports made with forced labor. Britain and the EU have done shamefully little

The Guardian - US

Factory fishing in Antarctica for krill targets the cornerstone of a fragile ecosystem

Fishing for krill is banned in U.S. waters due to concerns it could impact whales, seals and other animals that feed on the shrimp-like creatures

The Independent UK

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China's inflation data show economy in doldrums despite a slight improvement in trade

China's economy remains in the doldrums, with prices falling due to slack demand from consumers and businesses

The Independent UK

S&P Futures Tick Lower as Investors Await U.S. Big Bank Earnings, U.S. Rates Stay in Focus

December S&P 500 futures (ESZ23) are trending down -0.09% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.

Barchart

Putin makes first trip abroad since international arrest warrant issued over Ukraine invasion

Putin is later set to travel to China for a forum on Beijing’s Belt and Road Initiative

The Independent UK

Inequality: troubling trends and why economic growth in Africa is key to reducing global disparities

Inequality remains on the top of the policy priority list for most countries in the world. Branko Milanovic, a leading scholar on inequality, recently delivered a lecture titled “Recent changes in the global income distribution and their political implications” at the University of the Witwatersrand in Johannesburg. Imraan Valodia asked…

The Conversation

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Shanghai Composite Index Fell 0.64% on Friday

Shenzhen Component Index closed down 0.99%

Caixin Global

China is again on the brink of deflation as the country's flat September CPI revives 'real risk' of falling prices

China's disappointing September CPI shows that the country's economy is still struggling with low consumer confidence.

Fortune

China's exports, imports fell 6.2% in September as global demand faltered

China has reported its exports and imports both fell in September from a year earlier as global demand remained muted

The Independent UK

US must be ready for simultaneous wars with China, Russia: Commission

Congressional review of US’s strategic posture says security environment has worsened and US needs to respond.

Al Jazeera

South Korea says it expressed concern to China for sending North Korean escapees back home

South Korea says it has expressed its concerns to China after assessing that the country returned an unspecified “large number” of North Koreans, including escapees, back home

The Independent UK

AP Week in Pictures: Global | Oct. 6 - 12, 2023

People searched for victims after an earthquake killed and injured thousands in Afghanistan’s Herat province, supporters of Israel embraced near the Israeli Consulate in New York during a demonstration in the wake of a deadly attack by Hamas, and people prayed for rain during a drought near the Incachaca dam…

The Independent UK

EU Probe of Chinese Steel Will Disrupt Global Supply Chains, China Warns

Commerce Ministry blasts subsidies investigation that’s expected to be part of a U.S.-EU deal to end Trump-era tariffs on European steel

Caixin Global

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InsideEVs

China: Tesla Increased EV Exports, But Retail Sales Fell In September 2023

New sales data from China reveals that September was a very unusual month for Tesla, which noted a sharp decrease in retail Model 3 sales.

InsideEVs

Fisker's Expansion Into China Starts In December With First Store

The first Fisker Lounge in China located in Shanghai's city center is a key part of the brand's strategy to enter the world's largest EV market.

Barchart

Will China’s State-Fund Buying of Bank Stocks Boost Market Sentiment?

For the first time since 2015, Central Huijin Investment Ltd, a state-owned Chinese sovereign wealth fund, boosted its stakes in the country’s biggest banks in an attempt to boost market sentiment. The sovereign fund today bought about $65 million of shares in four of China’s biggest banks, including Industrial &...

The Hindu

Nipah infection possible in more places in Southeast Asia, says Nature article

Nipah virus reservoirs in SE Asia, India may cause cross-species transmission to humans. Early detection systems needed. Bangladesh, India, Myanmar, Thailand, Laos, China, Bhutan, Nepal, Sri Lanka have bat populations exposed to Nipah. Lack of treatment options, need for antivirals, monoclonal antibodies, vaccines in clinical trials. Virological, immunological factors to…

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Barchart

Markets Today: Stocks Erase Overnight Gains on a Strong Sep CPI Report

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.15%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.08%. Stock index futures this morning erased most of their overnight gains after T-note yields jumped when U.S. Sep consumer prices rose more than expected. Also, weekly...

Al Jazeera

Russia’s Putin makes rare visit to Kyrgyzstan despite ICC arrest warrant

Russian leader is expected to travel to China next week after a two-day visit to Bishkek.

Fortune

Pfizer CEO Albert Bourla wants to tap 'Chinese science' as the drug company looks for a new target after COVID

Bourla hopes to bring the same speed in developing a COVID vaccine to discovering new cancer treatments.

Caixin Global

At Least Three Chinese Nationals Killed in Israel-Palestine Conflict, Ministry Says

China has condemned the violence against civilians amid escalating attacks and called for an immediate ceasefire

Barchart

Stocks Climb Before the Open as Bond Yields Fall, U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.43%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.46% this morning as U.S. Treasury yields continued to fall, while market participants braced for a key U.S. consumer inflation report.

Barchart

Stocks Rise Before the Open as U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.36%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.42% this morning as market participants braced for a key U.S. consumer inflation report.

Evening Standard

Senior Arm China staff quit to create government-backed startup

The British chip designer is grappling with a US- Chinese conflict over technology that has uncertain implications for foreign operators

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