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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. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws
If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President Xi Jinping’s refusal to travel to Belgium for that month’s summit with EU leaders, were all cited by the Brussels media outlet Euractiv.
2. ‘Summer of stablecoins’: how will China respond to US dollar’s crypto surge?
Once a niche corner of the cryptocurrency world, stablecoins have surged into the global spotlight this year, prompting analysts and industry insiders to declare that the digital asset’s time has come.
3. Beyond the parade, what China’s new stealth drones mean for future air combat

Among the many pieces of advanced military hardware showcased during Wednesday’s Victory Day parade in Beijing were at least four unnamed drones, at least one of which was a “loyal wingman”, a stealth attack drone supposedly capable of coordinated aerial warfare alongside crewed jets, according to state broadcaster CCTV.
4. China closes biotech gap with US as new drugs, pipelines top 30% of global total
China’s push to become a biotech powerhouse is paying off, with innovative R&D pipelines and newly approved drugs accounting for over 30 per cent of the global total, according to the country’s top economic planner.
5. China issues anti-dumping ruling on European pork, charges deposits

China has made a preliminary determination that Europe is dumping pork and pork by-products into its market, causing “material injury” to the domestic industry, Beijing’s Ministry of Commerce said on Friday.
6. US State Department employee sentenced for passing classified information
A US State Department employee was sentenced to four years in prison in the US District Court for the Eastern District of Virginia on Thursday for conspiring to collect and transmit national defence secrets to individuals he believed were working for the Chinese government, according to the US Justice Department.
7. China sets off in pursuit of US$980 billion sports economy

China is aiming to build a 7 trillion yuan (US$980 billion) sports sector by 2030 – complete with a series of “internationally influential” sports companies and events – as the world’s second-largest economy shifts to a consumption-driven mode, according to a new central government directive.


Southeast Asia’s climate; Singaporeans and a work ethic stereotype: 7 Asia highlights

Trump’s China trip assessed, South Korea’s AI problem: 5 weekend reads you missed

Xi-Trump summit: all you need to know from the final day of the meeting in Beijing

China hosts Trump at Temple of Heaven; Hong Kong sushi parasite video: SCMP’s 7 highlights

SCMP Highlights

EU flounders as Trump, Xi turn screws; China’s stablecoin dilemma: SCMP daily highlights

Scenes of President Xi Jinping flanked by Russia’s Vladimir Putin and North Korean leader Kim Jong-un this week caused shock waves in Europe. Photo: EPA/Xinhua

A rear view of the “Type B” drone on display during Beijing’s Victory Day parade on Wednesday. The showcase has sparked renewed speculation about China’s aerial combat advances. Photo: CCTV

Pigs roam in a shed of the Piggly farm in Pegognaga, near Mantova, Italy. Photo: AP

Workers check footballs at a factory in Nantong, Jiangsu province, in 2022. Photo: AFP

China’s vision of new multipolar order depends on yuan-based system, Oleg Deripaska says

Russian metals magnate Oleg Deripaska says Chinese banks are too dependent upon dollar assets, and “scared to death to take any risk”. Photo: AP

Beijing has long pushed to use the yuan as an alternative to the dollar in international payments. Photo: Bloomberg

Chinese man detained for ‘inappropriate comments’ about Victory Day parade

Military vehicles take part in the Victory Day parade in Beijing on Wednesday. The parade is among China’s most important political and military events of the year. Photo: Eugene Lee

Europe power guru Wang Xiongfei returns to China, bringing expertise in grid stability

Wang Xiongfei, who has joined Tsinghua University, has led more than 40 research projects funded by the EU, Denmark, Sweden and has collaborated with grid companies. Photo: Handout

News

China

From the EU’s continuing geopolitical troubles to China’s sports sector push, here’s a round-up from today’s coverage


From the EU’s continuing geopolitical troubles to China’s sports sector push, here’s a round-up from today’s coverage.


EU flounders as Trump, Xi turn screws; China’s stablecoin dilemma: SCMP daily highlights

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}From the EU’s continuing geopolitical troubles to China’s sports sector push, here’s a round-up from today’s coverage

1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws

From the EU’s continuing geopolitical troubles to China’s sports sector push, here’s a round-up from today’s coverage