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The Latest Breaking News from China

U.S. Climate Envoy Set to Visit China Next Week

John Kerry’s trip from July 16 to 19 follows high-profile visits by Treasury Secretary Janet Yellen and Secretary of State Antony Blinken

Caixin Global

Shanghai Composite Index Fell 0.78% on Wednesday

Shenzhen Component Index closed down 0.99%

Caixin Global

Paraguay’s president-elect recommits to ties as Taiwan’s last ally in South America

Paraguay’s president-elect, Santiago Pena, has committed to maintaining diplomatic ties with Taiwan, going against a trend of Taipei’s diplomatic allies switching their allegiance to China

The Independent UK

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Kerry to visit Beijing for climate talks amid efforts to revive relations between US and China

U.S. Special Presidential Envoy for Climate John Kerry will travel to Beijing next week to discuss strategies for limiting global warming, amid a push by the world's two largest economies to reengage on multiple issues following a sharp decline in contacts

The Independent UK

Opioid crisis: US and China at odds over influx of fentanyl

Antony Blinken speaks at launch of US-led coalition to address synthetic drug threats

The Guardian - UK

Taiwan says Chinese air force, navy stage mass drill near island

Defence ministry says monitoring the situation after Chinese air force planes appeared to be coordinating with ships.

Al Jazeera

Tata Group On Track To Buy An IPhone supplier Factory In India From Wistron Corporation‌

Deal would mark the first time an Indian firm produces iPhones, boosting local manufacturing and reducing dependence on China.

Zenger

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After being a 'welcome guest' at NATO, NZ now needs to consider what our partnership with the alliance really means

As a “welcomed guest” at the latest NATO summit in Lithuania, New Zealand Prime Minister Chris Hipkins had a front-row seat for debates over Ukrainian membership, the role of countries outside NATO’s traditional geographic boundaries, the ongoing threat of China, military spending and an accelerating nuclear arms race.

The Conversation

Dollar Slides as T-Note Yields Decline

The dollar index (DXY00 ) Tuesday fell by -0.24% and posted a 2-month low on lower T-note yields. Also, strength in stocks on Tuesday reduced the liquidity demand for the dollar. The Chinese yuan strengthened against the dollar Tuesday after China signaled more economic support measures. Comments Tuesday from New...

Barchart

China delays decision on Australian barley tariffs in setback on resolving trade disputes

Exclusive: The Albanese government says it is ‘disappointed’ Beijing’s review couldn’t be completed in the initial three months

The Guardian - AU

Crude Oil Settles Higher on Chinese Economic Stimulus Reports

August WTI crude oil (CLQ23 ) on Tuesday closed up +1.84 (+2.52%), and Aug RBOB gasoline (RBQ23 ) closed up +5.31 (+2.07%). Crude oil and gasoline prices Tuesday rallied, with crude posting a 5-week high and gasoline posting a 2-week high. A slump in the dollar index Tuesday to a...

Barchart

Hyderabad teen makes it to Asian Games skateboard event

Dhruvi Lakhotia (15) is the only girl from Telangana to represent India in the Asian Games in skateboard event, to be held in China this September.

The Hindu

It’s Easy to Root for Christopher Eubanks

The unranked American has already downed No. 12 Cam Norrie and No. 5 Stefanos Tsitsipas.

Sports Illustrated

Ethiopia wants to join the BRICS group of nations: an expert unpacks the pros and cons

A few years ago, the BRICS grouping – Brazil, Russia, China, India and South Africa – had lost salience because three of its members were in severe economic difficulty. Brazil, Russia and South Africa are primarily natural resource exporters and were badly affected by the global commodity price bust of…

The Conversation

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The Guardian - US

‘Missing witness’ who accuses Biden of China corruption charged with being China agent

Gal Luft charged in absentia with arms trafficking, violations of sanctions on Iran and making false statements

Barchart

Crude Rallies on Chinese Economic Stimulus Reports

August WTI crude oil (CLQ23 ) this morning is up +1.67 (+2.29%), and Aug RBOB gasoline (RBQ23 ) is up +4.52 (+1.76%). Crude oil and gasoline prices this morning are moving higher, with crude posting a 5-week high and gasoline posting a 2-week high. A slump in the dollar index...

Barchart

Could China Cause a Rare Earth Panic?

Rare Earth Metals have unusual fluorescent, conductive, and magnetic properties. China dominates the worldwide market for rare earth minerals, with 60% of global production and 85% of processing capacity. The rare earth minerals are critical inputs in semiconductors.

Barchart

Markets Today: Stocks Gain on Chinese Property Support and Lower Bond Yields

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.15%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.19%. U.S. stock index futures this morning are moderately higher on carryover support from a rally in Chinese stocks after authorities in China stepped up relief...

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Caixin Global

China’s New Office for Hong Kong and Macao Affairs Has Its First Head

Xia Baolong chaired a meeting on Tuesday of the recently created body overseeing the two special administrative regions, according to a government statement

The Week

What’s causing China’s deflation crisis?

China’s economy is teetering on the brink of a deflation crisis as its recovery from the pandemic stalls.

The Independent UK

China says its foreign minister is ill. A senior diplomat will take his place at ASEAN

Chinese Foreign Minister Qin Gang is ill and the country's senior diplomat will take his place at a two-day summit of the Association of Southeast Asian Nations this week in Jakarta, Indonesia

Al Jazeera

Australia ‘concerned’ by China-Solomon Islands policing deal

Australia urges the nations to publish details of the police deal which it says will ‘invite further regional contest’.

Barchart

Stocks Move Higher Before the Open as Investors Weigh Fed Comments, U.S. CPI Looms

September S&P 500 futures (ESU23) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.13% this morning after three major U.S. benchmark indices ended the regular session higher as investors digested remarks from several Federal Reserve officials while awaiting the release of Wednesday’s consumer price index data…

Barchart

Stocks Muted Before the Open as Investors Weigh Fed Comments, U.S. CPI Looms

September S&P 500 futures (ESU23) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.07% this morning after three major U.S. benchmark indices ended the regular session higher as investors digested remarks from several Federal Reserve officials while awaiting the release of Wednesday’s consumer price index data…

The Independent UK

China's auto sales rise 8.8% in first half of 2023, but growth is fading as economy cools

An industry group says China’s auto sales rose 8.8% over a year earlier in the first half of 2023 as electric vehicle purchases surged

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