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The Latest Breaking News from China

Blacklisted Chinese AI GPU champ Biren preps for IPO at $2.19B valuation

Nvidia's China-based rival Biren hires an investment bank to prep for an IPO at a $2.19 billion valuation while being blacklisted by the U.S. government.

Tom’s Hardware

Oil demand growing at slowest rate since height of pandemic, says IEA

Energy watchdog says global oil prices could continue to fall from three-year lows as supply outstrips demand

The Guardian - UK

China Tells Automakers: Keep The Best EV Tech At Home

Today on Critical Materials: China wants to keep EV manufacturing at home, China pilots V2G to balance its grid, and dealerships unprepared for EV service needs

InsideEVs

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James Comer gives FBI new deadline while citing new evidence of Tim Walz 'longstanding connection' to China

The House Oversight Committee chair said the "FBI's silence regarding Governor Walz's relationship with CCP-affiliated entities and officials is inexcusable"

Latin Times

China's Xi Jinping to visit Russia next month for the BRICS summit

Chinese leader Xi Jinping will visit Russia next month for a summit of the BRICS bloc of developing economies, China’s Foreign Minister Wang Yi confirmed Thursday, a move that comes as Moscow and Beijing seek to counter the West’s global influence

The Independent UK

Production of electric Fiat 500 halted for lack of European orders

Stellantis suspends output for four weeks after it becomes latest carmaker to be hit by slowdown in EV sales

The Guardian - UK

How the west is foiling Russia’s attempts to use the Arctic in the Ukraine war

Things are not exactly going to plan for Moscow in the Arctic – an area that is a strategic military region for Russia and has significant economic potential that could help Russia in propping up its war economy. Yet, a combination of Ukrainian military capabilities, western pushback and the pressure…

The Conversation

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Is It Time to Hit the Exits on ASML Stock?

The article explores whether investors should consider selling ASML stock, given its 28% pullback from July highs amid trade and export control tensions.

Barchart

Disturbing video shows a large group of Chinese selfie-takers swept up by a giant tidal bore

Another sobering warning not to put yourself in harm's way in the wild for the sake of social media likes

Advnture

U.S. gov may green light export of Nvidia's advanced AI processors to Saudi Arabia: Report

Advanced AI processors from Nvidia may flow to Saudi Arabia as the kingdom attempts to meet the U.S. security requirements.

Tom’s Hardware

American Companies In China Facing Record-Low Profits

Challenges faced by American and European companies in China due to low profits, geopolitical tensions, and a sluggish economy.

Top News

US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

The Independent UK

Shanghai Composite Index Fell 0.17% on Thursday

Shenzhen Component Index closed down 0.63%

Caixin Global

Pair of rare Amur tiger cubs debuting at Minnesota Zoo are raising hopes for the endangered species

A pair of rare Amur tiger cubs are making their public debut at the Minnesota Zoo, raising hopes for preserving an endangered species that’s native to far eastern Russia and northern China

The Independent UK

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International Business Times

China Will 'Crush' Foreign Encroachment In South China Sea: Military Official

China will "crush" any foreign incursion into its sovereign territory including in the South China Sea, a senior Beijing military official said Thursday on the sidelines of a defence forum.

AAP

China pledges more trade access but lobster ban remains

Australia will be the beneficiary of greater market access to China, a senior diplomat says, despite frustration over a sustained lobster ban festering.

The Conversation

Understanding risks for Australia of China’s slowing economy is Chalmers’ top priority at upcoming Beijing talks

When Treasurer Jim Chalmers travels to Beijing later this month, he and his counterpart at China’s peak economic agency, the National Development and Reform Commission, won’t be short on important topics to discuss.

The Street

Another country can now enter China visa-free

China keeps adding new nations to its visa-free travel program.

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Newcastle Herald

We keep teaching wrong lessons in education

Letters and Short Takes, Wednesday, September 12

Fortune

Kamala Harris attacks Donald Trump’s tech trade plan during the debate: ‘He basically sold us out’ to China

On the debate stage, Harris accused Trump of letting China buy American chips to advance its military during his time in office.

Salon

Food and the real cost of Trump tariffs

However, other topics related to hunger — like SNAP, WIC or universal free school meals — were ignored

Top News

Former CIA Officer Faces Decade In Prison For Spying

Former CIA officer pleads guilty to espionage for China, faces 10-year sentence. Case highlights national security importance.

InsideEVs

EVs, Jobs And China Heat Up An Already Intense Harris-Trump Debate

Electric vehicles are on the ballot this November. Plus, Volkswagen primes for layoffs and China targets AI and automated driving next.

Windows Central

Two former Samsung bigwigs nabbed for allegedly swiping $3.2 billion worth of the company's intellectual property to build a 'brand new second-hand' chip fab in China

Two former Samsung executives were jailed for allegedly stealing Samsung technologies worth approximately $3.2 billion to build a chip-making plant in China.

Al Jazeera

Is Pakistan’s $7bn IMF bailout package in trouble?

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.

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