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The Latest Breaking News from China

How the kimono became a symbol of oppression in some parts of Asia

A woman in Suzhou, China, was reportedly detained recently for “provoking trouble”. Her alleged crime was being spotted outside wearing a kimono. The woman was dressed like a character from a manga (a Japanese comic). Arresting her might seem dramatic but there is more at play here than a simple…

The Conversation

China property crisis: why the housing market is collapsing – and the risks to the wider economy

China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development…

The Conversation

India-China dispute casts gloom over space project

Scientists from Bengaluru-based Indian Institute of Astrophysics are part of a UN-led initiative for Tiangong, the developing Chinese space station

The Hindu

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Ancient river statues revealed as China endures 70-day heatwave and ongoing drought

A drought in China revealed 600-year-old statues in a river while the country endures a record-breaking 70-day heatwave. Temperatures of over 44C have been recorded with over 260 weather stations recording their highest ever

Daily Mirror

China’s Growing Water Crisis

A Chinese drought would be a global catastrophe.

Foreign Affairs

Weather whiplash: Summer lurches from drought to flood

This summer the weather has not only been extreme, but it has whiplashed from one extreme to another

The Independent UK

Xinjiang Goldwind Sees Lull in Latest Quarter on Maturing Wind Power

Key Takeaways • Xinjiang Goldwind reported second quarter revenue of $1.48 billion, down 9% from a year earlier

Benzinga

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Viva Biotech Dispenses Bitter Pill of Slowing Growth, Asset Devaluation

Key Takeaways: Viva Biotech’s eked out a scant 5% revenue growth in the first half of the year and fell into the red, even as other peers in China’s CXO sector performed much better Changing values of the company’s investments are largely behind big fluctuations in its performance in recent…

Benzinga

If factories don't return to US now, they never will

The Chips and Science Act that President Biden signed earlier this month is just the latest indication that the planets are aligning for a return of manufacturing to the U.S. Proponents have pushed for so-called reshoring for years, but it has never quite panned out. With the supply chain crisis…

Tribune News Service

Benzinga Before The Bell: Tesla Loses Challenge Against Racial Bias Accusation, Monkey Pox Vaccines May Not Be Enough, Apple To Manufacture iPhone 14 In India Soon After Release And Other Top Financial Stories Tuesday, August 23

Reuters Volkswagen Eyes Stake In Canadian Mining Business: Report

Benzinga

Minions: China mocked for turning Gru into family man in Despicable Me edit

Another Hollywood production has been edited by Beijing

Evening Standard

Rare earths processor buys rights to mine in Greenland

One of the world’s few rare earths processors outside China has bought exploration rights to mine in Greenland, opening an avenue for diversifying supplies of the minerals critical for advanced and green technologies

The Independent UK

Explainer: What is pushing China towards economic slowdown & how it may impact India

NEW DELHI: World's second largest economy is moving towards an economic slowdown. Persisting geopolitical challenges, inflation and resurging cases of Covid-19 has put the Chinese economy under pressure.

The Times of India

Bad Guys Turn Good in China 'Minions' Movie Ending

What's small, yellow, loves bananas and promotes the rule of law?

Asharq Al-Awsat

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The Japan News/Yomiuri

Defense budget request eyes major tech boost

The Defense Ministry's budget request for fiscal 2023 is to include the installation of improved missiles on newly planned Aegis-equipped ships, with the aim of possessing capabilities to intercept hypersonic weapons in light of the pursuit of missile development by China and North Korea.

Asharq Al-Awsat

US Senior Official Visits Taiwan Despite Warnings from China

Indiana’s Republican governor became the latest US lawmaker to lead a delegation to Taiwan following House Speaker Nancy Pelosi’s trip earlier in August that sparked condemnation and military threats from China. Gov. Eric Holcomb met with Taiwan’s President Tsai Ing-wen on Monday, as part of a four-day visit to Taiwan…

The Guardian - UK

China’s property market is in freefall. What does this mean for the world economy?

The sector is dangerously overheated – but unlike the 2008 financial crisis, the global ripple effect is likely to be limited, says professor of economics Keyu Jin

The Independent UK

Its largest lake is so dry, China digs deep to water crops

With China’s biggest freshwater lake dried to historic lows by drought, work crews are digging trenches to keep water flowing to irrigate crops

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The Independent UK

Taiwan's Tsai says resolve in self-defense cannot be shaken

Taiwan’s president invoked an armed conflict from 1958 as an example of the island’s resolve to defend itself as she met with more foreign visitors amid the highest tensions with China in decades

The Times of India

Apple’s new iPhone 14 to show India closing tech gap with China

Apple plans to begin manufacturing the iPhone 14 in India about two months after the product’s initial release out of China, narrowing the gap between the two countries but not closing it completely as some had anticipated.

ABC News

Chinese tourists stranded in Tibet as coronavirus cases in China reach three-month high

Thousands of Chinese tourists are stranded in Tibet as the region suffers a spike in coronavirus cases and provinces impose restrictions on travel from the area.

The Guardian - AU

China punishes 27 people over ‘tragically ugly’ illustrations in maths textbook

Investigation finds the books did not ‘properly reflect the sunny image of China’s children’

Reuters

China battles forest fires as fears linger over harvest

The southwestern Chinese regions of Chonqging and Sichuan were battling fires on Tuesday as they awaited a long-anticipated drop in temperatures over the next week, but the country's important autumn harvest remained under serious threat.

The Guardian - AU

Hundreds of Taiwanese trafficked to Cambodia and held captive by telecom scam gangs

Police forces in Taiwan, China, Hong Kong, Macau, and Vietnam have launched major operations to rescue their citizens and shut down trafficking syndicates

Reuters

China says COVID has exacerbated decline in births, marriages

China's National Health Commission said COVID-19 has contributed to the decline in the country's marriage and birth rates that has accelerated in recent years due to the high costs of education and child-rearing.

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