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The Latest Breaking News from China

China's Military Surrounds Taiwan As 'Punishment'

The two days of drills are part of an escalating campaign of intimidation by China that has seen it carry out a series of large-scale military exercises around Taiwan in recent years.

Latin Times

Shanghai Composite Index Fell 1.33% on Thursday

Shenzhen Component Index closed down 1.56%

Caixin Global

An explosion at an apartment building in Harbin, China, kills at least 1 and injures 3

State media say an explosion at an apartment building in Harbin, a city in northeastern China, has killed one person and injured at least three others

The Independent UK

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Leaders of South Korea, China and Japan will meet next week for the first time since 2019

Leaders of South Korea, China and Japan will meet next week in Seoul for their first trilateral talks since 2019

The Independent UK

Taiwan says it has scrambled jets and put missile, naval and land units on alert over China drills

Taiwan says it has scrambled jets and put missile, naval and land units on alert over drills China has announced around the self-governing island democracy

The Independent UK

Critical minerals for the world – or just for the US? Turning Australia into a green minerals powerhouse comes with risks

Globalisation is on shaky ground. As China rises, the United States and its allies are moving to reduce their reliance on the world’s factory.

The Conversation

Russian Assets Plan For Aiding Ukraine To Dominate G7 Meet

G7 finance ministers gather in Italy on Thursday for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.

International Business Times

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China launches ‘punishment’ drills around Taiwan after inauguration of new president

Taiwan’s military says its forces are on alert as China carries out mock strikes with jets carrying live missiles

The Guardian - AU

China Holds Military Drills Around Taiwan As 'Punishment'

China on Thursday launched two days of military drills to surround self-ruled Taiwan in what it said was "strong punishment" for the island's "separatist acts".

International Business Times

Ukraine war briefing: France flies nuclear-capable missile as Russia holds drills

China sending Russia lethal aid, says British defence secretary; Zelenskiy stresses need for defence against glide bombs. What we know on day 820

The Guardian - AU

China's Use Of AI Technology Raises Concerns

The House considers restricting China's AI use due to deepfake concerns, posing threats to democracy and truth.

Top News

‘Strong punishment’: China starts two days of military drills around Taiwan

Exercises begin three days after William Lai Ching-te took his oath as president of the island China claims as its own.

Al Jazeera

Zeekr Stock Forecast: Can ZK Shine Despite China's EV Slump?

Earlier this month, Zeekr went public and joined the long list of publicly traded Chinese EV companies. What's the forecast for ZK stock amid the ongoing price war in the Chinese EV industry?

Barchart

Billionaire David Tepper, Who Bet on Failing Banks in the '08 Crisis to Profit By $7 Billion, Massively Diversifies Tech Stake in Q1

Cheap AI-focused China tech stocks and growing speculations of the US tech rally cooling off soon are prompting investors like David Tepper to capitalize on the valuation gap.

International Business Times UK

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The Guardian - UK

The Guardian view on free trade: an idea whose time has gone

Editorial: Joe Biden and Donald Trump agree on tariffs against China. The world has lost its biggest cheerleader for globalisation

Space

Russian space weapon ban shot down by UN Security Council

The United Nations Security Council has voted against a resolution introduced by Russia and China that would ban member states from placing weapons of any kind in outer space.

AAP

Australia urged to work with China in clean energy push

Australia's $22.7 billion manufacturing push towards net-zero emissions must involve China and will eventually need to tax fossil fuels, an ex-ACCC chair says.

The Guardian - UK

UK not heeding warning over China threat, says ex-cybersecurity chief

Ciaran Martin says US warning that China is targeting key infrastructure should be taken more seriously

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TechRadar

Top data breaches and cyber attacks in 2024

An exhaustive list of major data breaches in 2024 so far.

Reason

Free Speech Unmuted: Free Speech, TikTok (and Bills of Attainder!), with Prof. Alan Rozenshtein (Minnesota Law)

https://youtu.be/tKWqi-ghGuI Can Congress require China-based ByteDance to divest itself of TikTok as a condition for TikTok continuing to be easily accessible in the US? Prof. Alan Rozenshtein (Minnesota) joins Jane Bambauer and me to discuss this.

The Independent UK

China sending ‘lethal equipment’ to Russia for Ukraine war, Grant Shapps warns

China is providing a route for Russia to stock up on weapons for the Ukraine war, Grant Shapps has warned

InsideEVs

The Electric Car Tariff Battle With China Kicks Off August 1

Meanwhile, Stellantis' CEO calls tariffs a "trap", and BMW and Mercedes' plants in the U.S. could see tariff payback from China.

Fortune

EU's $47bn trade surplus over U.S. is a new record high—expect it to get bigger

The EU may not want to break out the champagne just yet, as impecunious European consumers cutting back imports are partly responsible.

Fortune

The race to lead China's AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices

China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.

International Business Times

Huawei Puts Pressure On Apple To Come Up With A Better iPhone

Apple needs to do more than just cut iPhone prices to effectively compete against Huawei and win back Chinese consumers' loyalty and spending. It must come up with a better product for the Chinese market.

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