Today

Column – China’s coal-fired power companies struggle amid high prices, Australia ban: Russell

China’s coal-fired power generators have seen profits evaporate amid surging domestic prices, with imports unable to provide much relief amid an ongoing unofficial ban on buying cargoes from major exporter Australia. Read more on reuters.com



Yesterday

China’s Hunger for Iron Continues to Underpin Australia’s Economy

This means that in spite of the bank-busting price tag, China consumption of the mineral has continued almost unabatedly since March, feeding Australia’s economic lifeblood amid global turmoil caused by the CCP (Chinese Communist Party) virus. Read more on theepochtimes.com



This week

China’s net gold imports via Hong Kong rebound in June

China’s net gold imports via Hong Kong jumped nearly 42% in June after a slump in May, Hong Kong Census and Statistics Department data showed on Monday. Read more on reuters.com


Noam Chomsky Warns China Is Gaining a ‘Near Monopoly’ Over Rare Earth Metals

Noam Chomsky believes China could be amassing most of the world’s rare earth materials and could pressure other countries with a near monopoly. Read more on entrepreneur.com



Last week

US to stress need for ‘guardrails’ in Sherman’s talks in China

“She’s going to underscore that we do not want that stiff and sustained competition to veer into conflict,” says official. Read more on dawn.com


Australia gets around wine war with China via soaring exports to Hong Kong

Hong Kong has emerged as a growing black market to cater to China’s thirst for Australian wine, after Beijing and Canberra’s diplomatic rift caused official supplies to drop by 97 per cent.The fallout Read more on thetimes.co.uk


Surging UK exports fail to offset China wine decline – InDaily

A more than $400 million drop in wine exports to China since January 1 drove a 10 per cent decline in global shipments of Australian wine in the 2020-21 financial year, figures released today by Wine Australia show. Read more on indaily.com.au


U.S.-China Trade Booms as If Virus, Tariffs Never Happened

China and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened. Read more on bloomberg.com


US Deputy Secretary of State to Visit China

The U.S. State Department announced Wednesday that Deputy Secretary of State Wendy Sherman will visit China next week. Read more on ntd.com


US ‘stands with Australia’ on China trade

US Trade Representative Katherine Tai says “the United States stands with Australia… to promote fair, market-oriented trade practises”. Read more on perthnow.com.au


US Restarts Trade Talks With Taiwan Despite Beijing’s Opposition, Raises Pork and Beef Issue – Vision Times

On June 29th, representatives from the United States and Taiwan held trade talks for the first time in five years. Read more on visiontimes.com



This month

China Buys Friends With Ports and Roads. Now the U.S. Is Trying to Compete.

A rare bipartisan program dedicates $60 billion for overseas infrastructure projects including cellular networks, vaccine production and maybe even a crumbling Greek shipyard. Read more on wsj.com


US ban on all products from China’s Xinjiang nears as Senate passes bill

The Uygur Forced Labour Prevention Act would create a ‘rebuttable presumption’ assuming goods manufactured in Xinjiang are made with forced labour. Read more on scmp.com


Turkey’s Erdogan, China’s Xi discuss Uighurs in phone call

Erdogan says Uighurs should live in peace as ‘equal citizens of China’, adding that Turkey respects China’s sovereignty. Read more on aljazeera.com


After G7 Pledge, EU Seeks to Rival China’s ‘Belt and Road’ With Own Infrastructure Plan

BRUSSELS—European Union foreign ministers agreed on July 12 to launch a global infrastructure plan linking Europe to the world; a next step after deals with India and Japan and a similar pledge by the Group of Seven richest democracies. Read more on ntd.com