Taiwan Defends Coast Guard Actions After Two Chinese Fishermen Killed Near Kinmen
China
Xiaomi Seeks Incentives Amidst India's Clampdown on Chinese Firms
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German Chemical Giant BASF to Exit Xinjiang Ventures Amid Human Rights Abuse Allegations
"BASF, the German chemical conglomerate, announced its decision to divest from two joint ventures in Xinjiang, China, amidst rising concerns over alleged human rights abuses linked to its local partner, Xinjiang Markor Chemical Industry Co. -
Hackers From China, Iran and Russia Use ChatGPT to Boost Cyberattacks, Microsoft and OpenAI Warn
"Microsoft and OpenAI have disclosed how nation-state-backed hacking groups from Russia, North Korea, Iran, and China are harnessing the power of advanced AI tools, such as ChatGPT, to fortify their cyber-attack strategies.
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U.S. Lifts Chip Software Curbs on China as Trade Truce Framework Holds
The Biden administration has lifted export restrictions on chip-design software to China, easing one of the more contentious trade controls imposed amid escalating tensions earlier this year. The move, announced Thursday by major U.S. and European software firms, signals incremental progress in U.S.-China trade negotiations and comes as both sides begin rolling back retaliatory measures. 
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China's Manufacturing PMI Contracts for Third Month as Export Woes, Deflation Persist
China's factory activity contracted for the third consecutive month in June, with the official manufacturing purchasing managers' index rising slightly to 49.7 from 49.5 in May, according to the National Bureau of Statistics. While the figure met analysts' expectations, it remained below the 50-point threshold separating expansion from contraction, signaling continued strain on the world's second-largest economy. 
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China Evacuates Over 40,000 as Torrential Floods Devastate Guizhou; Beijing Expands Disaster Compensation Amid Record Rainfall
More than 40,000 residents have been evacuated from Rongjiang city in Guizhou province after a second wave of intense rainfall submerged large parts of the region, authorities said Saturday, as China grapples with some of the most extreme flooding in decades. The deluge, which has already claimed six lives, marks another escalation in the country's annual flood crisis, now increasingly linked to climate change. 
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China Confirms Trade Deal Framework as U.S. Says Rare Earth Shipments to Resume
The United States and China have finalized a framework agreement to expedite rare earth mineral exports and ease certain technology restrictions, the latest sign of a fragile détente between the world's two largest economies. The deal, confirmed Friday by China's Ministry of Commerce, follows months of stalled implementation after a preliminary consensus was reached in Geneva this spring. -
Oil Tankers U-Turn in Hormuz as China Orders Emergency Daily Check-Ins Amid Strike Fears
Crude oil markets surged and global shipping routes reeled on Monday after U.S. airstrikes on Iranian nuclear facilities sparked fears of retaliation in the Strait of Hormuz, the world's most critical maritime oil chokepoint. Supertankers began zig-zagging, U-turning, or anchoring outside the strait, and freight rates for very large crude carriers (VLCCs) more than doubled in a week to over $60,000 per day, according to freight data. 
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China Condemns British Warship Transit Through Taiwan Strait
A Royal Navy patrol vessel transiting the Taiwan Strait has triggered a fierce response from China, which accused the United Kingdom of "deliberately causing trouble" and undermining regional peace. The HMS Spey sailed through the contested waterway on Wednesday in what the U.K. Defense Ministry described as a routine "freedom of navigation operation" consistent with international maritime law. 
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China’s New Housing Demand to Stay 75% Below 2017 Peak, Goldman Sachs Warns
China's demand for new homes is projected to remain nearly 75% below its 2017 peak over the coming years, according to a new forecast from Goldman Sachs, underscoring deepening structural challenges in the country's property market. The investment bank cited a combination of demographic shifts, weakening investor sentiment, and a pivot in government policy as reasons for the prolonged downturn. 
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China’s Retail Sales Jump 6.4% in May, Fastest Pace Since 2023, But Growth Outlook Remains Fragile
China's retail sales rose at their fastest pace since December 2023, jumping 6.4% year-over-year in May as government subsidies and online promotions spurred consumer demand. The unexpected strength in retail spending offered a rare bright spot for the world's second-largest economy, which has been grappling with persistent deflation, a deteriorating property market, and weak external demand. 
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China Downplays Trump’s ‘Done Deal' as U.S. Sets Fixed 55% Tariff on Imports
President Donald Trump declared a new trade agreement with China "done" on Wednesday, framing it as a breakthrough on tariffs, rare earths, and educational exchanges. However, Chinese officials characterized the result as a preliminary framework rather than a finalized deal, underscoring the unresolved tensions between the two economic superpowers. -
Hong Kong Police Warn Downloading Taiwan-Linked Game May Violate National Security Law
Authorities in Hong Kong warned on Tuesday that downloading or promoting a mobile game developed in Taiwan could lead to prosecution under the city's national security law, accusing it of advocating "armed revolution" and supporting secessionist ideologies hostile to Beijing. 
