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The Latest Breaking News from China

China’s record high 21% youth unemployment could actually be as high as 46.5%. Blame fake jobs and 16 million workers ‘lying flat’

In an attempt to fix misleading unemployment data, China is cracking down on universities that fudge employment numbers for their graduates.

Fortune

Stock Market Today: Stocks Drop on Troubling China Data, Bank Ratings Worries

The main benchmarks fell Tuesday, but healthcare stocks outperformed as Eli Lilly and Novo Nordisk surged.

Kiplinger

The grammar of commerce in a new age of geopolitics

The prevalent geo-economic scene has also led to further settlements in local currencies

The Hindu

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Asian Champions Trophy: Coach Haiqin Weng — at the helm of China’s clinical, hi-tech approach

Chinese team at Asian Champions Trophy in Chennai has been inexperienced but impressive, physically powerful and fighting hard. Coach Haiqin Weng has been an umpire and co-authored research paper on physical demands of sport. He is pushing his team to take every match seriously, as valuable world ranking points are…

The Hindu

Crude Undercut by Concern about Weak Chinese Energy Demand

September WTI crude oil (CLU23 ) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23 ) is down -0.37 (-0.13%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy prices. Also, concerns about China's economy are undercutting crude prices...

Barchart

Chinese economy slips into deflation as recovery falters and demand slows

Consumer price inflation data shows prices fell by 0.3% year on year in July

The Guardian - UK

ChatGPT’s rise has China scrambling to catch up in an A.I. arms race that will determine global ‘wealth, power, and influence’

Beijing is battling the U.S. for supremacy in artificial intelligence and the spoils that come with it.

Fortune

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Markets Today: Stocks Tumble as Moody’s Cuts Ratings on Regional Banks

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.65%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.61%. Stock indexes this morning are moderately lower. Weakness in regional bank stocks in pre-market trading is weighing on the overall market after Moody’s Investors Service...

Barchart

Long before whales, pioneering marine reptile was a filter-feeder

Fossils unearthed in China’s Hubei Province indicate that a curious marine reptile called Hupehsuchus nanchangensis that lived 248 million years ago who was a filter feeder

The Hindu

Toyota Forms Joint Venture With Pony.ai To Mass Produce Robotaxis In China

Startup Pony.ai already operates around 200 Toyota and Lexus branded self-driving taxis in all four Tier-1 cities that allow driverless cars on public roads in China.

InsideEVs

Niger coup: is this the end of French influence in Africa?

France’s historic influence in West Africa could finally be coming to an end after a succession of coups culminating in last week’s military takeover in Niger.

The Week

China-Philippines dispute could escalate into superpower conflict, say analysts

Expert warns of ‘significant escalatory potential’ after Chinese coastguards used water cannon on Philippine boat

The Guardian - UK

Stock Index Futures Plunge as China Trade Data Disappoints, Moody's Downgrades U.S. Banks

September S&P 500 futures (ESU23) are down -0.45%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.49% this morning as fresh worries about China’s economic rebound and the state of U.S. banks weighed on sentiment.

Barchart

2024 BMW 5 Series, i5 Debut In China With Longer Wheelbase, Exclusive Features

The premium sedan gets the 31.1-inch Theater Screen for the rear seats.

Motor1

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InsideEVs

Mercedes-Benz Recalls EQS Sedan In China For Potential Power Loss

The first of the two recalls includes 2,324 EQS all-electric sedans that were imported to China because the electric drive module may deactivate due to a software issue.

Evening Standard

FTSE 100 Live: IHG, Abrdn, Glencore post results, China exports slump, shares lower

The struggling China economy and results from Glencore, Abrdn and hotels group IHG are in focus for London traders today.

Caixin Global

Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

The Independent UK

Japanese political leader Taro Aso calls for peace in the Taiwan Strait as Tokyo expands defense

A senior Japanese politician is advocating for increasing his country’s deterrence ability to ensure peace in the region, and called for that message to be clearly conveyed globally — particularly in China

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news in one place.

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The Guardian - UK

Italy hits banks with windfall tax, sending shares sliding; China’s trade slumps – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

China's July exports tumble by double digits, adding to pressure to shore up flagging economy

China's exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump

The Guardian - AU

Russia-Ukraine war: Kyiv claims to have foiled Russian hacking of armed forces combat system – as it happened

Ukrainian special service says it has ‘blocked the illegal actions of Russian hackers who tried to penetrate military networks’

The Times of India

Why a stranded WWII ship is inflaming China, Philippine tensions

MANILA: The latest spat between China and the Philippines in the South China Sea has an unlikely object at its center: a World War II-era ship that’s now rusty after being stranded in contested waters for more than two decades.

The Hindu

India bars makers of military drones from using Chinese parts

India’s approach complements phased import restrictions on surveillance drones since 2020 and is being implemented through military tenders, documents show.

The Times of India

Asian Champions Trophy: Pakistan keep hopes alive with 2-1 win

CHENNAI: After three unsuccessful attempts, Pakistan registered their maiden victory in the Asian Champions Trophy 2023 at the Mayor Radhakrishnan Stadium here on Monday.

The Times of India

India, Brazil and rest of global south break away from the US-led world order

NEW DELHI: Let Trade Run Free. Tie your currency to the US dollar. Align your foreign policy with America’s. The US and its Western partners wrote these economic rules, a cornerstone of the world order prevailing since World War II. Now developing countries, often called the Global South, are quietly…

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