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The Latest Breaking News from China

Australia, Papua New Guinea Announce Security Deal

Australia clinched a security deal with Papua New Guinea on Thursday, bolstering ties to a key Pacific neighbour that has been courted persistently by China.

International Business Times

EU Leaders In China For Summit With High Stakes But Low Expectations

European leaders will meet their Chinese counterparts in Beijing on Thursday for talks dominated by divisions between the bloc and its largest economic partner over everything from trade to the war against Ukraine.

International Business Times

Formula 1 To Take Sprint Weekends To China And Miami For The First Time Next Season

The six venues for the 2024 Formula 1 sprint events have been announced whilst changes are set to be made to the sprint schedules.

International Business Times UK

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Self-Driving Truck Startup TuSimple Winds Down U.S. Operations

Autonomous trucking company TuSimple cuts U.S. workforce by 75% as it shifts its strategic focus to Asia-Pacific

Caixin Global

American Express Doubles Down for Majority Stake in China Bank Card Clearing Business

U.S. credit card giant increases investment in Chinese clearing house joint venture to tap into trillions of dollars card transactions

Caixin Global

What is 'white lung' pneumonia, and why is it reportedly on the rise in kids? What parents need to know

Likely behind the trending but misleading “white lung” phrase: a fear that cases of pneumonia of an “unknown origin” in China have spread to European countries, and to the U.S.

Fortune

TSMC Solidifies Leadership on Foundry Market as Intel Jumps into Top 10

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

AnandTech

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How to encourage China to become a law-abiding member of the rules-based international order

Like many nations, China’s relationship to the rules-based international order has often featured a selective adherence to those rules and a focus on its own interests, sometimes resulting in violating international laws when they’re at odds with Chinese goals.

The Conversation

The Sunnylands Statement sets a positive signal: World leaders gathered for COP28 must build off of it

In a politically turbulent world, it is rare to witness major global actors set aside their disagreements to address the existential threats posed by climate change. On Nov. 14, the United States and China did just this by issuing the Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis.

The Conversation

In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Treasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel

The Independent UK

‘Substantial volume’ of clothing tied to Uyghur forced labour entering EU, says study

Calls for legislation after dozens of brands identified as being at risk of sourcing materials linked to China’s transfer programmes

The Guardian - UK

Italy officially withdraws from China's Belt and Road project

Italy has withdrawn from China's vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up to the strategy.

Radio France Internationale

Is Tesla (TSLA) an Auto Stock Opportunity in December?

With the launch of its much-anticipated Cybertruck amid slowing China-made EV sales, does Tesla (TSLA) have the potential to be a year-end buy? Let’s look at its financial metrics to know more….

StockNews.com

Italy to withdraw from China’s belt and road initiative, say sources

Decision of only G7 nation to join project reportedly communicated to Beijing three days ago

The Guardian - UK

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Radio France Internationale

China says EU's export policies don't 'make sense'

China said Wednesday European Union export policies towards Beijing do not "make sense", on the eve of a high-level summit in the Chinese capital, that will take place over to days from December 7-8.

The Guardian - UK

Mary Robinson reiterates call for rapid phase-out of fossil fuels

Former Ireland leader issues firm response in row over comments made to her by Cop28 president

Fortune

Macau, the world's biggest gambling hub, needs a 'completely new perspective', says MGM's Pansy Ho—and she thinks art is the path forward

But the chairperson of MGM China Holdings isn't giving up on gambling: "We want gaming to go up!"

Fortune

The CEO of McDonald's talks about his AI goals, the 'emotional benefits' of their menu items, and big plans for a China expansion

"There's no reason why China couldn't be our largest market."

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Tom’s Hardware

Nvidia CEO sees Intel and Huawei as 'formidable competitors' in AI chipmaking race

Nvidia's Jensen Huang warns that Huawei and other AI processor developers from China compete against Nvidia worldwide.

Caixin Global

China to Allow Social Security Fund to Buy Domestic Pension Products, Futures

The NSSF can also invest in more types of corporate bonds, according to draft finance ministry regulations

Caixin Global

China Picks New Party Chief for Citic Group

Appointment puts Xi Guohua on track to become the state-owned financial conglomerate’s chairman

PC Gamer

China redefines CPU water cooling with an huge 130,000 ton data center under the sea

A whole new way to warm the oceans.

The Hindu

Sri Lankan national arrested for defrauding techie in Cuddalore of ₹60 lakh

Cuddalore police arrest Sri Lankan for swindling ₹60 lakh from IT professional via online part-time job offer. Complainant Sampath lured by unidentified person, made payments to bank account. Cyber Crime wing traced last transaction to account holder, arrested Salman Mohammed Farook in Chennai. Kingpin of scam from China. Court remands…

The National (Scotland)

Nicola Sturgeon reveals novel that 'gave her strength' when Covid struck

FORMER first minister Nicola Sturgeon has revealed what novel she was reading at the start of the Covid pandemic that gave her “strength and…

The Independent UK

Volkswagen-commissioned audit finds no signs of forced labor at plant in China's Xinjiang region

An audit commissioned by Volkswagen has found no indication of forced labor at its plant in China’s Xinjiang region, where Western governments have accused the Chinese government of human rights violations against the Uyghur ethnic minority

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