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The Latest Breaking News from China

Weekly Must-Read: Yuan Gets More International Love as Dollar Rivalry Grows

China and its trading partners are doing more business in yuan, Belt and Road investment is increasingly being funded in the Chinese currency, and ‘dim sum’ bond sales are booming

Caixin Global

Xi, Scholz warn against 'irresponsible' nuclear threats over Ukraine

Chinese President Xi Jinping and German Chancellor Olaf Scholz on Friday condemned threats to use atomic weapons in Ukraine, with Scholz warning that Russia risked "crossing a line" in the international community by resorting to nuclear force.

Reuters

Taiwan, U.S. to hold in person trade talks next week

Taiwan and the United States will hold in-person trade talks next week in New York under a new joint initiative announced in June, the U.S. and Taiwanese governments said, a programme opposed by China, which views the island as its own territory.

Reuters

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Nepal’s Oli vows balanced ties with China, India if returned to power

Nepal's main communist opposition party will balance the Himalayan nation's ties with neighbours China and India for mutual benefit if it is returned to power in a general election this month, its leader said.

Reuters

US says China, Russia have leverage to stop N Korea nuclear test

Tensions on the Korean peninsula have risen as Pyongyang has stepped up tests of weapons including a banned ICBM.

Al Jazeera

German Chancellor Scholz asks China for economic ties 'as equals'

Germany's Olaf Scholz said Friday on his first visit to China as chancellor that he sought a deeper economic relationship with Beijing but expected equal treatment.

France 24

Japan, China eyeing Kishida-Xi meet in mid-Nov -Sankei

The Japanese and Chinese governments have started planning a meeting between Japan's Prime Minister Fumio Kishida and China's President Xi Jinping in mid-November, the Sankei newspaper reported on Friday.

Reuters

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Germany's Scholz tests China ties with inaugural visit, to discuss Ukraine

German Chancellor Olaf Scholz arrives in China on a one-day trip on Friday, becoming the first G7 leader to visit since the start of COVID-19 and President Xi Jinping solidifying his grip on power with a third term as Communist Party general secretary.

Reuters

Exclusive-U.S. says China and Russia have leverage to stop North Korea nuclear test

The United States believes China and Russia have leverage they can use to persuade North Korea not to resume nuclear bomb testing, a senior U.S. administration official said on Thursday.

Reuters

China and Pakistan Set Up Offshore Yuan Clearing

South Asian nation becomes third country to do so this year, enabling use of Chinese currency in cross-border trade and investment

Caixin Global

Starbucks Q4 Earnings Highlights: Revenue And EPS Beat, The China Impact And More

Starbucks Corporation (NASDAQ: SBUX) reported fourth-quarter and full fiscal year results after the market close Thursday. Here are the key highlights.

Benzinga

This is what Australia needs to bring to Egypt for COP27

Officials from nearly 200 nations are gathering in Sharm-El-Sheikh, Egypt, for the 27th United Nations climate change conference known as COP27. Multiple global crises threaten to overshadow the summit, but the task at COP27 over the next two weeks is more urgent than ever.

The Conversation

China to gift water cannon trucks, vehicles to Solomon Islands police days after Australian donation

At a special ceremony in Honiara, the Chinese ambassador will give two water cannon trucks and a number of vehicles to the Royal Solomon Islands Police Force as competition between Australia and China intensifies.

ABC News

To understand what Xi Jinping's concentration of power really means, we must turn to history

After he secured an unprecedented third term as the leader of both Chinese Communist Party (CCP) and the country’s Central Military late last month, Xi Jinping led the seven-member Standing Committee of the Politburo on a visit to Yan’an. This is the CCP’s sacred revolutionary base from where the first-generation…

The Conversation

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Reuters

Forty countries to unveil methane plans at UN climate summit, U.S. official says

Some forty of the 119 countries that pledged last year to slash emissions of the powerful greenhouse gas methane will unveil their plans to do so at the UN climate summit next week, according to a senior U.S. official.

ABC News

Outgoing spy chief Paul Symon says the prospect of war between major powers is 'no longer unimaginable'

The head of the Australian Secret Intelligence Service, Paul Symon, is about to step down from his job as the nation's top spy. In an exclusive interview with the ABC, he outlines his hopes, predictions and fears for coming years.

The Guardian - UK

The Guardian view on Olaf Scholz’s visit to Beijing: treading a fine line

Editorial: There are no easy solutions to Germany’s China problem

Chronicle Live

Newcastle to sever ties with sister city in China over 'horrific' treatment of Uyghur Muslims

A city academic sanctioned by China last year said the move "sends a clear signal" to the Communist regime

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Reuters

Sri Lanka holds debt restructuring talks with bilateral creditors

Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.

WEKU

Why Western leaders are warily watching the German leader's trip to China

As German Chancellor Olaf Scholz heads to China to meet with President Xi Jinping on Friday, he is under political pressure at home, and from Washington, to rethink Berlin's relationship with Beijing.

The Guardian - US

Canada orders China to divest from country’s mining companies

Move comes after ‘multi-step’ review by Canada’s national security and intelligence agencies

Reuters

Japan, Germany eye military logistics pact -Japan official

Japan and Germany have agreed to work towards a military logistics pact, a Japanese government official said on Thursday, as Tokyo and Berlin tighten security relations on the back of Russia's invasion of Ukraine and China's growing military might.

The Independent UK

G7 ministers meet with Ukraine war, China ties on agenda

Top diplomats from the world’s major industrialized democracies are opening two days of talks in Germany, where they will grapple with grappling with the implications of Russia’s war in Ukraine, China’s growing economic clout and Iran’s crackdown on anti-government protesters

The Independent UK

European and UK TikTok users will have data sent to staff in China, app confirms

‘Our efforts are centred on limiting the number of employees with access to European user data,’ the company says

Bangkok Post

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

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