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The Latest Breaking News from China

At least 16 people killed in China shopping mall fire

Firefighters pull 75 people to safety as the investigation into the cause of the blaze is under way.

Al Jazeera

At least 16 killed after huge fire at shopping centre in China

The blaze broke out in a 14-storey building situated in a high-tech zone of Zigong city

Evening Standard

China Communist Party policy meeting expected to endorse leader Xi's high-tech vision for economy

China's ruling Communist Party will wrap up a top-level meeting on Thursday that is expected to endorse policies aimed at building the country's technological power and fortifying its national security

The Independent UK

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Shanghai Composite Index Rose 0.48% on Thursday

Shenzhen Component Index closed up 0.5%

Caixin Global

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Asian shares are mostly lower, with Tokyo's benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China

The Independent UK

Ed Davey apologises to Alan Bates at the Post Office Horizon inquiry – as it happened

Lib Dem leader had declined meeting with campaigner in May 2010, saying "‘I do not believe it would serve any useful purpose’

The Guardian - UK

China suspends nuclear arms control talks with US over weapons sales to Taiwan

Washington recently approved $500m in military funding for island

The Independent UK

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IMF reform is tricky: the US and China will need to work together

Europe is overrepresented while China is underrepresented, and the US will need to give up its veto

The Guardian - UK

China Shopping Centre Fire Kills 16

A fire that tore through a shopping centre in southwestern China has killed 16 people, state media reported Thursday.

International Business Times

A fire kills 16 people at a shopping mall in southwestern China

State media in China say that a fire at a shopping mall has killed 16 people in the southwestern Chinese city of Zigong

The Independent UK

Asian Markets Drop With Wall St As Biden Sparks Fresh Chip Fears

Asian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan.

International Business Times

Japan hosts Pacific Island leaders summit to firm cooperation amid growing China influence in region

Japan is hosting a summit with leaders from more than a dozen Pacific island nations, seeking to deepen cooperation and increased support for a rules-based free and open Indo-Pacific

The Independent UK

‘Garbage time of history’: Chinese state media pushes back on claims country has entered a new epoch

Authorities unhappy as Chinese chat groups and WeChat feeds buzz with discussion of whether China has entered period of inevitable failure

The Guardian - UK

US Unveils Americas-wide Plan To Boost Semiconductor Production

Secretary of State Antony Blinken unveiled Wednesday a new plan for countries in the Americas to boost production of semiconductors, which are critical just about everywhere in modern industry and a sector dominated by China.

International Business Times

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InsideEVs

American Test Of BYD's Tesla Model 3 Fighter: ‘It's Way More Luxurious’

An American car expert found BYD's Tesla Model 3 fighter extremely capable in nearly every category.

The Guardian - US

China suspends nuclear talks with US over arms sales to Taiwan

Nuclear proliferation talks halted as tensions rise over Biden and Trump’s calls for increased trade restrictions

InsideEVs

This Should Be BYD's First U.S. Passenger Vehicle. Change My Mind

BYD has no plan to sell the Shark plug-in hybrid pickup in the US, but it is looking to build a factory in Mexico so maybe it has plans to import it.

Caixin Global

China’s Youth Jobless Rate Falls for a Third Month to 13.2%

Jobless figures encouraging but concern at 11.8 million graduates entering the job market this year

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Barchart

Broader Market Closes Lower as Chip Stocks Plunge

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -1.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.94%. Stock indexes Wednesday settled mixed, with the Dow Jones Industrials posting a new record...

Roll Call

Vance’s ascension solidifies isolationist faction of GOP - Roll Call

Trump’s selection of JD Vance as his running mate solidified a faction of the GOP that embraces an “America First” approach to the world

Kiplinger

Stock Market Today: Semis Get Slammed and Blue Chips Bounce

The potential for more curbs on tech sales to China set off a rotation into blue chips.

Fortune

Nvidia shares tumble over 6% amid geopolitical fears

The Biden administration is weighing tighter export controls to stymie China as Donald Trump sparked doubt about America’s commitment to Taiwan.

InsideEVs

U.S. Plans Restrictions On Chinese Car Software

The U.S. plans to propose restrictions on vehicle software from China next month, Reuters reported.

InsideEVs

The Volkswagen ID.UNYX Wants To Be Your Conversation Companion

This China-Only Volkswagen crossover-coupe has a 3D companion powered by AI, that will be able to "accompany the driver on conversations"

The Guardian - UK

‘More politicised than any other bank’: HSBC’s new boss prepares to ride the Chinese tiger

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie

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