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The Latest Breaking News from China

McConnell threatens support for China bill, citing budget talks - Roll Call

Senate minority leader says GOP won't back legislation to boost domestic semiconductor manufacturing if Democrats push their budget package.

Roll Call

As China tightens grip, Hong Kong’s luster as ‘world city’ dims

Tens of thousands of residents are exiting the former British colony as Beijing reshapes life in the city.

Al Jazeera

China loosens curbs on travel

The Tourism Council of Thailand (TCT) is more optimistic about Chinese travellers returning after the country slashed its quarantine length in half and gave Thai airlines permission to resume two flights to China per week.

Bangkok Post

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Ratchanok makes magnificent recovery

Ratchanok Intanon, Kunlavut Vitidsarn and mixed doubles stars Dechapol Puavaranukroh and Sapsiree Taerattanachai moved into the quarter-finals of the US$675,000 Malaysia Open at Axiata Arena in Kuala Lumpur on Thursday.

Bangkok Post

Truss: UK will continue stand up for the rights of Hong Kong

Chinese President Xi Jinping has arrived for a ceremony to mark the 25th anniversary of the handover of the ex-British colony.

The Independent UK

McConnell threatens to kill China bill if Democrats keep negotiating on reconciliation

Speculation about a Democrat-only climate, energy and tax bill has ramped up in recent days.

Axios

A tale of two cities, as Xi Jinping visits Hong Kong

'Manhattan meets Hawaii." That's how I described Hong Kong to outsiders when I first moved here 7 years ago, dazzled by glittering skyscrapers ringing lush green mountains next to the sea.

Bangkok Post

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Bullish On China-Based Internet Stocks? This ETF Offers 3X Leverage

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSE: CWEB) closed down 1.62% on Thursday in consolidation. Consolidation can be determined by looking at volume on a security, which in this case was lower than average.

Benzinga

Purecycle Technologies Shares Slide On Leadership Changes Announcement

Purecycle Technologies Inc (NASDAQ:PCT) has promoted Dustin Olson, current Chief Operating Officer and Chief Manufacturing Officer, to the role of CEO, along with becoming a member of the board, effective August 5, 2022. Mr. Olson succeeds Mike Otworth, who will resign to return to Innventure, a company he helped found. Dustin Olson…

Benzinga

Jack Laugher claims third medal at World Aquatics Championships in Budapest

Laugher took 1m springboard silver to add to his 3m synchro and 3m springboard medals

The Independent UK

China Outlines Legal Path for Cross-Border Data Transfer

Cyberspace administration seeks comments on draft rule covering data processing entities’ use of standard contracts

Caixin Global

Is Australia in the firing line of a new Chinese campaign against the US?

How can Australia navigate the tough and dangerous strategic environment in Asia today with America and China competing to be the leading regional power? The consensus in Canberra – on both sides of politics – is that we should stick as close as we can to America, in the hope…

The Conversation

Xi Jinping leaves mainland China for the first time in years as Hong Kong marks the halfway point for 'One Country, Two Systems'

As Xi Jinping embarks on his first trip outside of mainland China since the pandemic began, observers suspect the anniversary visit could be a chance to further strengthen Beijing's hold on Hong Kong.

ABC News

Home and abroad: On PM Modi’s G-7 commitements and freedom of speech

Prime Minister Modi’s G-7 commitments on protecting freedoms will face scrutiny in India

The Hindu

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Reuters

UK PM says China must be held to commitments made on Hong Kong

Prime Minister Boris Johnson said Britain would do all it could to hold Beijing to its commitments on democratic rights made 25 years ago when Hong Kong was handed back to China.

Benzinga

Find Out All About Mizuho's Top China Internet Sector Pick

Mizuho analyst James Lee recently hosted an investor call with Baidu, Inc (NASDAQ: BIDU) management. Firstly, Lee noted that the reopening has been orderly, and advertising is recovering faster than Cloud.

Asharq Al-Awsat

For Pandas, It’s Been Two ‘Thumbs’ up for Millions of Years

Fossils unearthed in China are helping scientists get a better grasp on one of the marvels of evolution: the giant panda's false thumb, which helps this veggie-loving bear munch the bamboo that makes up most of its diet. Researchers said on Thursday they discovered near the city of Zhaotong in…

Benzinga

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

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France 24

NATO chief avows need to defend alliance territory in ‘a more dangerous world’

An unstable world could get even more dangerous if NATO does not remain strong and united, the head of the alliance said Thursday at the end of a summit where Western leaders labeled Russia “a direct threat” to the security of their nations.

Benzinga

Alibaba And Other Chinese Stocks Go Jittery As China Tightens Rules On Overseas Data Transfer

The Cyberspace Administration of China (CAC) sought public feedback on draft rules governing the transfer of personal data overseas, Reuters reports. Under the draft rules, companies collecting personal data would be responsible for the legality, legitimacy, the need for the data, scope, and security of overseas transfers. The draft also covers methods…

Al Jazeera

Russia, China and the Nordic duo: Key points from NATO summit

The bloc agreed to a new strategic framework with focus on Russia and pledge to boost capabilities during Madrid summit.

Benzinga

Samsung's Commercializes 3-Nm Chip Production To Grab Bigger Pie From Apple, Qualcomm

Samsung Electronics Co, Ltd (OTC:SSNLF) has begun commercializing 3-nm chips intensifying rivalry with the most significant contract chipmaker Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM). The first-gen 3-nm process can reduce power consumption by up to 45%, improve performance by 23%, and reduce the area by 16%. Samsung will begin with 3-nm semiconductors for high-performance and…

Benzinga

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Los Angeles Times

‘Just another Chinese city’: Xi’s Hong Kong visit marks its new era under Beijing’s control

TAIPEI, Taiwan — Even before he set foot in Hong Kong, Chinese President Xi Jinping’s intent was clear: to usher in the city’s next chapter under the firm grip of Communist Party rule.

The Hindu

China voices opposition to India's reported plans to hold G20 summit in J&K

"We have noted relevant information," Chinese Foreign Ministry spokesperson Zhao Lijian said

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