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The Latest Breaking News from China

Covered Cars Spotted At Giga Shanghai: Tesla Model 3 Highland?

A fleet of mysterious fully covered cars is growing at Tesla's Gigafactory Shanghai, and chances are the vehicles are facelifted Model 3s, aka Project Highland.

InsideEVs

The BRICS test for India’s multipolarity rhetoric

The geopolitical developments of the past year or so and the challenges faced by the United Nations system may have given another lease of life to BRICS

The Hindu

Brics group looks to expand at summit despite divisions among key members

Experts say India concerned about expansion and any overt anti-west turn as leaders fly into South Africa

The Guardian - UK

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Putin was meant to be at a summit in South Africa this week. Why was he asked to stay away?

Vladimir Putin will be the odd one out when leaders from the BRICS economic bloc of Brazil, Russia, India, China and South Africa meet in Johannesburg this week

The Independent UK

China's Industrial Policy Is Failing. Will American Politicians Take Notice?

Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.

Reason

Women’s World Cup 2023: how the England players rated

There was consistency throughout the squad with Jess Carter, Alex Greenwood and Lauren Hemp the pick of the bunch

The Guardian - UK

Isabel Crook obituary

Canadian anthropologist who joined Mao Zedong’s rural revolution and stayed on to build a ‘new China’

The Guardian - UK

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Will AI Spending Boost Baidu’s Earnings Prospects?

After rallying to a 4-1/2 month high late last month, Baidu Inc depositary receipts (ADRs) (BIDU ) dropped to a 2-1/2 month low today as China’s struggling economic outlook weighs on the stock. Citigroup, China International Capital, and Daiwa Capital Markets, are among analysts that have cut their earnings estimates...

Barchart

As Modi lands in South Africa, possible meet with Xi to be watched most closely

PM Modi lands in South Africa for BRICS summit, speculation grows over possible meeting with Chinese President Xi Jinping. Foreign Secretary Vinay Kwatra says PM's itinerary still being worked out

The Hindu

Africa is being courted by China, Russia and the US. Why the continent shouldn't pick sides

Some three decades since the end of the Cold War, the world order is undergoing a structural transformation. At the heart of it is the challenge posed to the hegemony of the US. This is primarily being led by Russia and China which are discontented with Washington’s excesses across the…

The Conversation

China’s Shadow Looms Large At Camp David As Biden Hosts Historic Summit

The three leaders will likely talk about a range of geopolitical challenges, but China and North Korea are likely to come up most.

Zenger

Key U.S. Foreign Policy Challenges in Power Struggle with China and Russia: Kiplinger Forecasts

The U.S. faces a power struggle with China and Russia, with challenges like controlling exports of critical technologies and responding to the war on Ukraine.

Kiplinger

Markets Today: Stocks Bounce Higher After Last Week’s Losses

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.37%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.60%. Stock indexes this morning are moderately higher, recovering some of last week’s losses. An increase in M&A activity supports stocks after Permian Resources acquired Earthstone...

Barchart

New WHO chief scientist backs China fact-finding mission to examine COVID origin

Infectious diseases expert Jeremy Farrar has himself been at the center of the debate over the mysterious origins of COVID, which first broke out in China in late 2019.

Fortune

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The Conversation

What the pope’s visit to Mongolia says about his priorities and how he is changing the Catholic Church

Pope Francis’ upcoming visit to Mongolia, which is home to fewer than 1,500 Catholics, has elicited curiosity among Catholics and non-Catholics alike.

The Guardian - US

The US and China must unite to fight the climate crisis, not each other

Cooperation is not only in the best interests of all countries, but is absolutely necessary for the survival of the planet

The Hindu

Sun bears appear so human-like they are mistaken for people in suits – experts explain

expert explains the behaviour of sun bears at the Huangzhou Zoo in China which led to the speculations that she was actually a costumed performer

Fortune

Country Garden to be booted from Hong Kong's stock index

Country Garden is reportedly trying to extend the payment period for a bond due in September as it tries to avoid a default.

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news in one place.

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Barchart

Stocks Set to Open Higher as Investors Await Powell Speech, Economic Data

September S&P 500 futures (ESU23) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.63% this morning as market participants looked ahead to Federal Reserve Chair Jerome Powell’s speech later in the week, while also gearing up for a fresh batch of economic data.

France 24

China's central bank cut a key interest rate to boost loans, but investors expected more

The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged. The move comes as China's economy has struggled to recover from the impact of the pandemic. The move has defied expectations…

The Guardian - UK

China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

The Times of India

Russia's moon failure a dent to its space partnership with China

The crash of Russia’s Luna-25 spacecraft into the moon over the weekend isn’t just a setback for President Vladimir Putin’s ambitions to overcome war-related sanctions.

Caixin Global

Shanghai Composite Index Fell 1.24% on Monday

Shenzhen Component Index closed down 1.32%

The Independent UK

Russia, China look to advance agendas at BRICS summit of developing countries in South Africa

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week

Al Jazeera

Why China is grappling with falling prices – and being compared to Japan

The world’s second-largest economy is grappling with deflation, raising fears of Japan-style stagnation.

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Luiz Inácio Lula da Silva

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