Yangtze shrinks as China’s drought disrupts industry

By MARK SCHIEFELBEIN August 19, 2022 GMT https://apnews.com/article/china-droughts-economy-chongqing-13e7b32da8113aea92e4f69b4aaf62cd CHONGQING, China (AP) — Ships crept down the middle of the Yangtze on Friday after China’s driest summer in six decades left one of the mightiest rivers barely half its normal width and set off a scramble to contain the damage to a weak economy in a … Read more

Extreme heat is slamming the world’s three biggest economies all at once

London CNN Business — Estimating just how catastrophic climate change will be for the global economy has historically proven challenging. But this summer, it’s increasingly evident how quickly costs can pile up. Extreme heat and drought conditions are battering the United States, Europe and China, compounding problems for workers and businesses at a time when … Read more

Chinese official goes viral for telling people to buy multiple homes amid property crisis

As China’s property crisis deepens and Chinese homeowners across 100 cities refuse to pay their mortgages, some local government officials are taking matters into their own hands. Deng Bibo, a county party secretary of China’s Hunan province, encouraged everyone to buy multiple homes during his opening speech for a real estate exhibition fair in Shimen, … Read more

‘Reasonable to conclude’ forced labor in China: UN expert | Labor Rights

Allegations that China is overseeing the forced labor of Uighurs and other ethnic minorities in Xinjiang are credible and persuasive, a UN expert on slavery has found. In a report to the UN General Assembly, Tomoya Obokata, the special rapporteur on contemporary forms of slavery, said it was “reasonable to conclude” that forced labor was … Read more

Zero-Covid China: One man’s epic journey across continents to seek his American dream

From the other side of the Pacific Ocean, Wang left his family behind to travel thousands of miles by plane, bus, boat and motorcycle. He trekked through deep jungles and across barren mountains, and spent days in multiple detention centers — all in pursuit of freedom and opportunities in the United States. “In the years … Read more

EXPLAINER: Why US lawmakers’ Taiwan trips keep riling China

WASHINGTON (AP) — Taiwan is high on the summer travel list for US members of Congress on their August recess this year, as US lawmakers make a point of asserting American support for the self-governed island despite objections from China. The payoff photos from this week’s five-member congressional visitlike that of House Speaker Nancy Pelosi … Read more

Elon Musk Pampers His Ties with China

Elon Musk is walking on eggshells in China. The billionaire chief executive of Tesla (TSLA) defines himself as one of the most ardent defenders of free speech. He’d said that protecting free speech was one reason he bid $44 billion for microblogging website Twitter (TWTR) . (He has withdrawn the proposal, but the platform is … Read more

What Cramer is watching Monday — oil tanks on China concerns; big call on online retail

What I am looking at Aug. 15, 2022 Oil down roughly 5.5%. So that’s good for retail, trading with China. I continue to think oil stocks represent good value above $80 per barrel on West Texas Intermediate crude. Saudi Aramco says it is ready to produce more oil. But not that much. China: Is it … Read more

Chinese anime fan claims police interrogated her for wearing a kimono

Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN — A Chinese anime fan says she was detained and interrogated by police after she wore … Read more

China announces new drills as US delegation visits Taiwan

TAIPEI, Taiwan (AP) — China announced more military drills around Taiwan as the self-governing island’s president met with members of a new US congressional delegation on Monday, threatening to renew tensions between Beijing and Washington just days after a similar visit by the US House Speaker Nancy Pelosi angered China. Pelosi was the highest-level member … Read more