AI Summary
- Iran denies hosting IAEA inspectors while assessing serious damage to its nuclear sites after recent military strikes by the U.S. and Israel, indicating a reluctance to engage in international oversight amidst rising tensions.
- The U.S. Federal Reserve's core PCE inflation indicator surpasses expectations, influencing positive movements in U.S. equity futures as optimism surrounds trade talks with China and potential Fed rate cuts.
- Student loan borrowers face a crisis as nearly six million are reported to be significantly overdue following the end of a pandemic-era reprieve, with two million at risk of wage garnishment soon.
- Xiaomi's YU7 SUV launch breaks records with 300,000 preorders in an hour, positioning the Chinese EV-maker as a formidable competitor to Tesla in the electric vehicle market.
- The ongoing conflict in the Middle East escalates energy uncertainty, with European LNG prices rising sharply due to fears of disrupted supplies through the Strait of Hormuz, which holds significant global energy traffic.
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South China Morning Post
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China, US finalise trade deal; global conflict warning: SCMP daily highlights
scmp.com
40 minutes ago
by SCMP
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. C…
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China becomes bright spot at uncertain time: SCMP’s ‘Summer Davos’ highlights
scmp.com
4 hours ago
by SCMP Reporters
For those attending the World Economic Forum’s Annual Meeting of the New Champions this week, “uncertainty” was the inescapable word. It could…
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Will Guangdong’s plan for a domestic version of Canton Fair pay off?
scmp.com
5 hours ago
by He Huifeng
Southern China’s Guangdong province will launch a “domestic trade version” of the Canton Fair – the country’s largest import and export fair –…
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China, US reach agreement on export controls as trade talks bear fruit
scmp.com
7 hours ago
by Carol Yang
China said on Friday that it would review and approve export applications for controlled items while the US would also remove some of its limi…
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US, China reach ‘understanding’, Xi to miss Brics summit: 7 highlights
scmp.com
9 hours ago
by SCMP
We have selected seven stories from the SCMP’s coverage over the past week that resonated with our readers and shed light on topical issues. I…
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Economists call for structural reforms to shift China’s focus to consumption
scmp.com
10 hours ago
by Ji Siqi
While eye-catching technological breakthroughs – led by the DeepSeek artificial intelligence (AI) model – have boosted confidence in China ami…
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Ex-New York official facing China agent charge indicted for kickbacks
scmp.com
16 hours ago
by Mark Magnier
A former top New York official earlier charged with acting as a Chinese agent was handed a second federal indictment alleging she received kic…
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White House says US reaches ‘understanding’ with China on rare earth shipments
scmp.com
16 hours ago
by Khushboo Razdan
The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral …
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US bombing of Iran risks a breakdown of nuclear governance
scmp.com
16 hours ago
by C. Uday Bhaskar
The United States’ attacks on Iran’s nuclear sites on June 22 have been described as a “spectacular military success” by US President Donald T…
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China has begun issuing rare earth export licences to European firms: EU sources
scmp.com
20 hours ago
by Finbarr Bermingham
China has started issuing export licences for rare earth elements and magnets to European companies, EU sources confirmed, although the bloc c…
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Chinese energy firms say Brazil must clarify rules or face loss of investments
scmp.com
20 hours ago
by Igor Patrick
Senior Chinese energy executives have called on Brazil to fix its regulatory framework and provide long-term predictability, warning that dela…
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Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report
scmp.com
21 hours ago
by Khushboo Razdan
General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade…
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‘Chinese will have to be careful’: US trade truce may come, but risks remain
scmp.com
a day ago
by Mark Magnier
After months of chest-thumping, accusations and threats, look for US-China trade relations to weather an uneasy pause as the giants retreat fr…
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China’s space military tech ‘threat’, EU and rare earths: SCMP daily highlights
scmp.com
a day ago
by SCMP
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. C…
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‘Hotbed of opportunity’: Premier Li says China’s economy offers ‘certainty’
scmp.com
a day ago
by Carol Yang
China will continue to be a land of opportunities and an engine of global growth and stability, even as the world faces rising geopolitical ch…
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China moving ‘breathtakingly fast’ in space military tech: US general
scmp.com
a day ago
by Liu Zhen
China is moving “breathtakingly fast” in space military technologies and posing strategic threats to the United States, America’s top space fo…
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‘Summer Davos’ calls for China’s firms to move manufacturing abroad for success
scmp.com
2 days ago
by Ji Siqi
Chinese companies should relocate their entire manufacturing ecosystems – rather than just completing the assembly of goods in another country…
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Trump defends US strikes on Iran nuclear facilities at Nato summit
scmp.com
2 days ago
by Seong Hyeon Choi
US President Donald Trump rejected media reports that US air strikes only partly damaged Iran’s nuclear facilities as “fake news” on Wednesday…
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China-tied AI tools like DeepSeek face US federal ban over ‘threat’
scmp.com
2 days ago
by Zhao Ziwen
A bipartisan group of US lawmakers introduced a bill in both chambers of Congress to ban the federal use of China-linked artificial intelligen…
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Nato leaders agree to 5% defence spending goal in annual summit
scmp.com
2 days ago
by Seong Hyeon Choi
Nato member states have committed to boosting investments in defence to 5 per cent of their domestic output, largely endorsing US President Do…
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We’re sleeping on threats from AI, shadow banking and cryptocurrency
scmp.com
2 days ago
by James David Spellman
Fledgling artificial intelligence (AI) models, the opacity of shadow banking and the euphoria over cryptocurrency are new fault lines in globa…
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Xi may skip Brics, Li Qiang’s speech at ‘Summer Davos’: SCMP daily highlights
scmp.com
2 days ago
by SCMP
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. I…
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Li Qiang says China will be consumption power at ‘Summer Davos’: as it happened
scmp.com
2 days ago
by SCMP Reporters
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing.…
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In a first, Xi will miss Brics in Rio as Li leads China delegation: sources
scmp.com
3 days ago
by Igor Patrick
Chinese President Xi Jinping will not attend next week’s Brics summit in Rio de Janeiro, marking his first-ever absence from the gathering of …
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Zelensky tells Nato Chinese firms among Russia’s suppliers aiding war on Ukraine
scmp.com
3 days ago
by Seong Hyeon Choi
Chinese defence companies are part of the network helping Russia sustain its war against Ukraine – a war “crucial” to European security, Ukrai…
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White House clarifies Trump’s comment on China buying Iranian oil
scmp.com
3 days ago
by Zhao Ziwen
US President Donald Trump’s declaration on Tuesday that China “can now continue” to buy Iranian oil did not signal a change in Washington’s po…
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Chinese airlines’ advantage, Chongqing as key trade hub: SCMP daily highlights
scmp.com
3 days ago
by SCMP
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. A…
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Stop worrying about US and carry on, Nato chief tells Europe and Canada
scmp.com
3 days ago
by Seong Hyeon Choi
Europe should “stop worrying so much” about Washington breaking away from the alliance, Nato’s chief said on Tuesday, amid US pressure on Euro…
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As skies in Mideast close, China airlines have key advantage – Russian airspace
scmp.com
3 days ago
by Frank Chen
Western airlines risk suffering greater disruption than their Chinese rivals this summer, as the escalating conflict between Iran and Israel –…
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Suez Canal on rails? How this Chinese city wants to revolutionise global trade
scmp.com
4 days ago
by Ji Siqi
In Tuanjie Village, in the heart of Chongqing – China’s largest inland city, best known for its spicy hotpot – orange gantry cranes hoist carg…
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China not likely to use navy to secure Hormuz Strait, analyst says
scmp.com
4 days ago
by Igor Patrick
China is highly unlikely to use its navy to secure the vital Strait of Hormuz if Iran threatens to close it as Middle East tensions rise, a to…
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EU foreign policy chief calls for ‘dose of realism’ in China relations
scmp.com
4 days ago
by Finbarr Bermingham
European Union foreign policy chief Kaja Kallas Monday called for what she called “a dose of realism” in its relations with China after EU for…
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Beijing’s ‘massive’ build-up raises threat of Taiwan Strait conflict: Nato chief
scmp.com
4 days ago
by Seong Hyeon Choi
Beijing’s “massive” military build-up increases the threat of conflict across the Taiwan Strait in a way that could draw Russia and thus Europ…
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Trump tries to salvage ceasefire after rebuking Israel and Iran over violations
scmp.com
4 days ago
by Robert Delaney
A frustrated US President Donald Trump insisted on Tuesday that the ceasefire between Iran and Israel remains “in effect”, even as he rebuked …
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China’s shipments of hi-tech goods to EU surge as its exports to US plunge
scmp.com
4 days ago
by Finbarr Bermingham
China’s shipments of hi-tech goods to the European Union went into overdrive last month, coinciding with a big drop in exports of the same goo…
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China’s HQ-29 missile, Beijing hits out at US and Israel: SCMP daily highlights
scmp.com
4 days ago
by SCMP
1. China hits out at US and Israel, calls for de-escalation of conflict with Iran China sharply criticised the United States and Israel, calli…
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Beijing tells China ships in Strait of Hormuz to phone home amid safety risks
scmp.com
4 days ago
by Carol Yang
Check in once a day so we know you’re OK – that is the message China has sent to all domestic shipping vessels traversing the Strait of Hormuz…
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Strait of Hormuz: why China fears Israel-Iran war poses threat to global economy
scmp.com
4 days ago
by Phoebe Zhang
Beijing has urged the international community to step up efforts to de-escalate the conflict between Iran and Israel, warning that the fallout…
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Have Trump’s Iran strikes given China a strategic advantage?
scmp.com
4 days ago
by Luna Sun
The US’ direct engagement in the Israel-Iran conflict over the weekend could intensify its drive to secure critical resources – particularly r…
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Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears
scmp.com
4 days ago
by Sylvia Ma
Surging uncertainty in the Middle East has clouded the outlook for global markets, with analysts warning that a potential shutdown of the Stra…
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Why Strait of Hormuz matters – and what a blockade could mean for China, Asia
scmp.com
4 days ago
by Kandy Wong
Iran’s parliament has approved a measure to close the Strait of Hormuz after the United States launched military strikes on its nuclear facili…
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US strikes Iran nuclear sites, Labubu faces competition: 5 weekend reads
scmp.com
4 days ago
by SCMP
We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to …
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Veteran banker Jin Liqun on leading AIIB during its formative first 10 years
scmp.com
5 days ago
by Ji Siqi
A veteran of international finance, Jin Liqun is president and chair of the board of directors at the Asian Infrastructure Investment Bank (AI…
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Texas governor signs bill banning Chinese citizens from buying property in state
scmp.com
5 days ago
by Bochen Han
A bill to restrict property ownership in Texas by Chinese citizens has become law, more than two years after it was first introduced, setting …
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As political violence rises in the US, only Americans can save themselves
scmp.com
5 days ago
by Rob York
Law enforcement agencies empowered by the government to carry out the agenda of an ageing president eager to settle political scores. Politici…
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World braces for Iran’s response after US attack on nuclear sites
scmp.com
5 days ago
by SCMP Reporters
The Middle East crisis dramatically deepened on the weekend after the US launched strikes on Iranian nuclear facilities. This marked a major e…
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Iran hitting back at US inevitable as window for diplomacy narrows: analysts
scmp.com
5 days ago
by Tom Hussain
Iranian retaliation against the American air strikes ordered by President Donald Trump is inevitable, despite a diplomatic backchannel message…
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Why China’s Central Asian footprint is about to get bigger
scmp.com
5 days ago
by Nikola Mikovic
As Israel’s war on Iran rages and Russia intensifies its missile and drone strikes on Kyiv, China is quietly expanding its influence in Centra…
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‘It helps me survive’: inside the UK’s thriving Chinese gig economy
scmp.com
5 days ago
by Mia Nulimaimaiti
Mark Lin had always dreamed of a career in the arts. As he finished his fine arts degree at a top London university in 2020, he began applying…
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Trump claims US ‘obliterated’ Iran nuclear sites, threatens more attacks
scmp.com
6 days ago
by Zhao Ziwen
US President Donald Trump announced on Saturday that the US military carried out aerial strikes on three Iranian nuclear sites, following days…