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The Latest Breaking News from China

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU

Polestar Vs. Nio: EV Makers To Clash Beyond The Road In Smartphone Battle

Sweden’s Polestar Automotive Holding UK PLC seems to be taking an intriguing leap into the smartphone market.

Zenger

Apple selloff deepens to $194 billion on China iPhone curbs

SAN FRANCISCO: Apple Inc shares tumbled in premarket trading Thursday, on track to wipe out $194 billion of market value in just two days, as China plans to expand a ban on the use of iPhones to government-backed agencies and state companies.

The Times of India

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Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

The Independent UK

Japan's Kishida says China seafood ban contrasts with wide support for Fukushima water release

Japan’s prime minister says China’s blanket ban on Japanese seafood in reaction to the release of treated radioactive water from a tsunami-ravaged nuclear power plant contrasts starkly with broad understanding shown by many other members of the international community

The Independent UK

Why Chinese TikTok hit is fuelling calls for British Museum to return artefacts

The video has sparked calls for the return of an actual jade teapot showcased in the British Museum, where former chancellor George Osborne sits as chair of the board of trustees

The Independent UK

Markets Today: Stocks Drop on Apple Weakness and U.S. Labor Market Strength

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.67%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -1.20%, both at 1-week lows. Stock indexes this morning are moderately lower. Apple is down more than -2% in pre-market trading to lead technology stocks lower...

Barchart

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G20: battle for influence as US seeks to rival China in the global south

There will be pressure on rich countries to fulfil a commitment to provide climate finance to poorer nations

The Guardian - UK

Stocks Slump Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.58%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.88% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

Barchart

‘We will be finished’: Modi manufacturing plan squeezes small Indian firms

Incentives to big manufacturers aimed at challenging China are threatening small businesses, India’s economic backbone.

Al Jazeera

The northern plains of India is the most polluted region | Data

AQLI data shows failure to meet WHO's PM2.5 guideline cuts global life expectancy by 2.3 years. South Asia is worst affected, with Bangladesh losing 6.8 years & India 5.3 years. China stands out due to its success in reducing pollution by 42.3%, extending life expectancy by 2.2 years.

The Hindu

From America’s IRA to China’s eco-civilization, a new global consensus is emerging. Globalization and growth are out, redesigning society is in

Existential threats are converging–and they are a direct result of a global economic model that blossoms at the expense of the environment and society.

Fortune

White House cancels Alaskan oil leases awarded in final days of Trump presidency

The Biden administration has scrapped oil leases in Alaska's Arctic National Wildlife Refuge on the basis of "legal deficiencies". The leases awarded by the Trump administration had been widely criticised by environmental groups. However, the White House's move comes after it approved an oil drilling project in another Alaskan reserve…

France 24

China bans government officials from using iPhones

China is imposing increasing restrictions on the use of iPhones by people in government-related jobs

Evening Standard

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Barchart

Stocks Fall Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.63% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

WEKU

Biden is off to India and Vietnam. It's part of his push to counter China's influence

President Biden is using the G20 summit to push for a bigger, better World Bank as an alternative to China's massive lending programs, which have left some low-income countries with massive debt.

The Hindu

Absent Putin and Ukraine war cast long shadow over G20

G20 Leaders' Summit: Russia-Ukraine war, Vladimir Putin and Xi Jinping's absence to dominate proceedings. Global South chairing G20, allowing for progress on debt treatments, climate financing, despite disagreements.

The Independent UK

Australia and China open their first high-level dialogue in 3 years in a sign of a slight thaw

Australia and China have started their first high-level dialogue in three years in a sign of a slight thaw to relations between countries that have clashed on human rights, COVID-19 and trade

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Al Jazeera

China’s exports, imports fall as weak global demand clouds recovery

Exports slumped 8.8 percent in August to $284.87bn in the fourth straight month of decline.

Caixin Global

Shanghai Composite Index Fell 1.13% on Thursday

Shenzhen Component Index closed down 1.84%

The Independent UK

Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August

Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy

The Guardian - AU

Afternoon Update: Possible secret graves at Stolen Generations institution; one dead in WA shooting; and 48 species added to threatened list

Multiple sites of possible ‘clandestine’ burials discovered on grounds of Kinchela boys’ home in NSW

The Independent UK

In Southeast Asia, Harris says 'we have to see the future'

Vice President Kamala Harris traveled for more than a day to reach this year's summit of Southeast Asian nations, where she was tasked with strengthening ties in a region that's crucial to U.S. interests

Al Jazeera

Why are China’s workers studying ‘Xi Jinping Thought’?

Chinese leader’s writings are becoming a topic of discussion among employees at banks and state-owned enterprises.

The Independent UK

Everyone's talking about the Global South. But what is it?

Indian Prime Minister Narendra Modi says his country is “becoming the voice of the Global South."

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