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The Latest Breaking News from China

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.

Al Jazeera

Stock market today: Asian shares mostly higher as investors await US inflation, China economic data

Stock prices are mostly higher in Asia as investors watch for U.S. inflation figures and China's latest economic data

The Independent UK

Biden says U.S. outreach to Vietnam is about providing global stability, not containing China

Vietnam elevates the U.S. to its highest diplomatic status, comprehensive strategic partner. The move reflects broader moves across Asia to counter China’s influence.

Chicago Sun-Times

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Why is China banning officials and state employees from using iPhones?

Beijing is taking aim at Apple devices in the latest salvo in the US-China tech war.

Al Jazeera

New Cyclone RC 680 Sportbike Reportedly Under Development In China

Zongshen’s subsidiary Cyclone is reportedly working on a new sportbike called the RC 680, which “borrows” some technology from Honda.

RideApart

Thailand's LGBTQ+ community draws tourists from China looking to be themselves

Xinyu Wen traveled to Thailand in June, planning a two-week vacation around Bangkok’s Pride parade

The Independent UK

Have we reached peak China? How the booming middle class hit a brick wall

Facing a slowing economy and a less secure jobs market, China’s educated elite are left negotiating a new central bargain with the government

The Guardian - AU

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Few customers but plenty of cash?: N Korean restaurants remain open in Laos

Restaurants should have closed and analysts say they suspect their only purpose is to ‘launder money’.

Al Jazeera

What the papers say – September 11

Fallout from arrest of parliamentary researcher over spying for China is the main story on Monday’s newspaper front pages.

The Independent UK

Sunak facing pressure over China stance after alleged parliamentary spy arrested

The Prime Minister confronted the Chinese premier Li Qiang over ‘unacceptable’ interference in British democracy.

The Independent UK

Biden Believes Economic Woes May Dilute China’s Aggressive Stance On Taiwan

The president cited forthcoming Asia-Pacific Economic Cooperation summit in San Francisco as a potential ground for dialogue.

Zenger

How much did Chinese investors drive up Sydney home prices? It's less than you might think

When China cracked down on money leaving the country in 2017, some Sydney home prices fell 3%, while in other suburbs the restrictions had next to no impact.

The Conversation

MPs express anger after arrest of parliamentary researcher over alleged spying for China

Man is known to have had unescorted access to large parts of the Westminster estate

The Guardian - UK

China makes developers pay compensation for their ecological impacts – here's how this unique scheme works

In 2017, the Chinese environmental NGO, Friends of Nature, sued the developer of a dam in Yunnan province in the country’s south west. The NGO alleged that the project’s environmental impact assessment had failed to fully capture how the dam would affect the surrounding rainforest, and particularly the endangered green…

The Conversation

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Barchart

Earnings, CPI and Other Key Things to Watch This Week

Apple was one of the largest headlines last week, with China announcing that it planned to cut back usage of the products in government locations.

The Guardian - UK

The Guardian view on ties between North Korea and Russia: bad news, and not only for Ukraine

Editorial: Kim Jong-un is reportedly planning to visit Vladimir Putin to discuss arms sales. The consequences could be widely felt

The Guardian - US

Joe Biden calls for stable US-China relationship during south-east Asia tour

US president’s remarks came after after meeting in Vietnam with Communist party official to secure global supply chain

Newsroom.co.nz

Treasury pre-election outlook to show economy under increasing pressure

Rising fuel prices raise temperatures at No 1 The Terrace, and raise eyebrows further up the road at the Commerce Commission. Andrew Patterson reports.

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Newslaundry

G20: In Global South coverage, ‘seat for Latin America, Brazil anti-hunger alliance, Putin arrest’

The press in G20’s several Global South participants – including China, Brazil, Mexico, Argentina, South Africa and Indonesia – largely gave a miss to G20 coverage on the front pages of their Sunday editions.

The Guardian - UK

UK proves espionage is always political in calling out China ‘spying’ at G20

As Sunak challenges Chinese premier at summit, does alleged intelligence escalation from Beijing suggest a new cold war?

The Guardian - AU

Chinese academic raided by Australian police and offered $2,000 for information during trip

Exclusive: Sino-Australian relations expert had phone confiscated and was asked to provide information during ‘heavy-handed’ and ‘counterproductive’ episode

The Independent UK

Biden hails ‘elevated’ relations with Vietnam as countries move forward from ‘bitter past’ of war

Vietnam is elevating relations with the US to the level of a comprehensive strategic partner, Vietnam’s highest tier of international partnership

Newslaundry

‘Revolutionary’, ‘US efforts lose steam’: What media in Middle East, China said on India-Saudi corridor

Amid a lot of praise and some criticism for the New Delhi G20 declaration, the announcement of a new trade corridor has emerged as a major takeaway of the group summit in the national capital.

Barchart

Is the Euro and FXE Destined to Decline?

The euro is the world’s second leading reserve currency behind the U.S. dollar. The euro is the pan-European currency that changed the foreign exchange market at the turn of this century. The euro fell below parity against the U.S. dollar in late 2022 but has recovered and made higher lows…

The Guardian - UK

Watered-down G20 statement on Ukraine is sign of India’s growing influence

Joe Biden’s need to nurture alliances to contain China sees Ukraine perceptibly slipping down list of priorities

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