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The Latest Breaking News from China

Biden: Military say a Pelosi Taiwan trip 'not a good idea'

President Joe Biden says that U.S. military officials believe it’s “not a good idea” for House Speaker Nancy Pelosi to visit Taiwan at the moment

The Independent UK

The Loop: Russia expands war aims, China establishes minerals giant, UK leadership race narrows, and pair arrested over $2.4m wine heist

Here's your TL;DR for this morning's news.

ABC News

Tesla beats profit estimates, keeps 50% target for output growth

Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply-chain hurdles and Covid lockdowns at its factory in China.

Tribune News Service

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Chinese Mortgage Boycott Gains Steam

Homebuyers’ threats to stop payments on unfinished projects could deepen an ongoing real estate crisis.

Foreign Policy

Fading The Rip Higher: A Hedged Bet Against Technology Stocks After Tuesday's Bounce

Not Buying The Bounce Stocks ripped higher Tuesday, despite all the familiar macro headwinds remaining in place: record inflation, rising interest rates, pending profit downgrades, the ongoing Ukraine War, plus added tensions with China.

Benzinga

Uruguay seeking China trade deal despite misgivings from neighbors

Uruguay will push for a free trade agreement with China, the South American country's top diplomat said on Wednesday, even as it faces resistance from some of its neighbors who favor regional trade talks over deals involving just one nation.

Reuters

Even if TikTok and other apps are collecting your data, what are the actual consequences?

By now, most of us are aware social media companies collect vast amounts of our information. By doing this, they can target us with ads and monetise our attention. The latest chapter in the data-privacy debate concerns one of the world’s most popular apps among young people – TikTok.

The Conversation

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Beijing forms organisation in bid to give Chinese steel producers more leverage over Australian iron ore prices

China's government has established a new minerals giant that will purchase iron ore from abroad on behalf of Chinese steel producers — a move seen as an attempt to gain long-term leverage in price negotiations with Australian exporters.

ABC News

India-Vietnam ties, from strong to stronger

As New Delhi pursues its ‘Act East Policy’, Hanoi has become a valuable partner in the Indo-Pacific region

The Hindu

Golden chance for NZ exports as West 'friend-shores' its supply chain

The US is leading calls to trade first with countries it knows and trusts. NZ must grasp opportunities to be part of such international supply chain resilience initiatives.

Newsroom.co.nz

United States: the end of an illusion of omnipotence

“I do not accept second place for the United States of America.” That simple statement, delivered to rousing effect by Barack Obama in his first State of the Union, in January 2010, managed to summarize the current American strategic horizon in a single sentence.

The Conversation

Data-hosting in China hampers U.S. law enforcement -prosecutor

U.S. companies are hosting customer data more often on servers in China, complicating U.S. authorities' ability to get information for criminal investigations, a senior federal prosecutor said on Wednesday.

Reuters

Will Ford (F) Q2 Earnings Be A Pleasant Surprise For Investors?

Ford F is slated to release second-quarter 2022 results on Jul 27, after the closing bell. The Zacks Consensus Estimate for the quarter's revenues and earnings is pegged at $32.83 billion and 44 cents a share, respectively.

Benzinga

Luxury shoe brand Manolo Blahnik wins China trademark dispute

The fashion label - whose designer founder has a residence in Bath - was made made famous by its appearances in TV series Sex and the City

Birmingham Post

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The Times of India

China property crisis: Why homebuyers are halting mortgage payments

NEW DELHI: A growing number of homebuyers in China have stopped making mortgage payments for properties, adding to the woes of the country's already troubled real estate sector.

Benzinga

Chinese Investors Buy $6.1 Billion Worth Of US Homes In Past 12 Months

For the first time in three years, activity from overseas real estate buyers has increased. During a time when the housing market is under incredible scrutiny and seeing astonishing prices, investors from China are gobbling up available homes.

The Independent UK

Manolo Blahnik wins the right to use its own name in China after 22-year battle

Luxury shoes will be sold in China for the first time beginning next year, according to CEO Kristina Blahnik

Reuters

Taiwan's speaker warns of Chinese ambitions in Prague, China protests

Taiwan parliament speaker You Si-kun warned against China's power ambitions in a speech at the Czech parliament on Thursday in a visit drawing a rebuke from Beijing.

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Reuters

Kenya presidential hopeful Ruto promises to publish contracts with China

Kenya's deputy president and presidential aspirant William Ruto said he will publish government contracts with China and deport Chinese nationals working illegally if he is elected on August 9, promises likely to resonate with citizens pummeled by mounting debt and the skyrocketing cost of living.

Reuters

China censors strive to filter or erase details of mortgage protests

As China grapples to contain a mortgage boycott that has triggered rare protests, censors have gone into overdrive with social media messages blocked, videos of demonstrations wiped and key word searches coming up blank.

Bangkok Post

Hotels in Beijing banned from hosting weddings and banquets as city tightens Covid controls

HONG KONG: Beijing has announced a citywide ban on hotels hosting weddings as well as other events such as group banquets amid a small surge in Covid-19 cases in other parts of the country.

The Guardian - UK

TechScape: suspicious of TikTok? You’re not alone

The Chinese app is known for its aggressive data collection – but it is a fool’s errand to prove that it is a threat to the west

Evening Standard

China: Poem deleted from Weibo amid fears ‘fat heads and big ears’ comment was about Xi Jinping

Shanghai Media Group blasts reporter after poem seen as slur on Chinese president

Al Jazeera

Authorities in south China city apologise over COVID-19 break-ins

Fury erupted after it emerged authorities in Liwan had broken into 84 flats to look for ‘close contacts’.

The Independent UK

European Parliament VP urges renewed China-Taiwan dialogue

European Parliament Vice President Nicola Beer has met with Taiwan's leader Tsai Ing-wen and called for China to open a “mutual and respectful dialogue" with the self-governing island democracy it claims as its own territory

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