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
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
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
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
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
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 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 (He has withdrawn the proposal, but the platform is … Read more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 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
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
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