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    Today

    Former DFAT chief Peter Varghese addresses the AFR Asia Summit.

    Economic challenge looms for Australia regardless of Trump or Harris win

    The race for the White House has implications for Australia irrespective of who wins the presidency.

    • 38 mins ago
    • Andrew Tillett and Max Mason
    Foreign Affairs Minister Penny Wong, right, is questioned by Australian Financial Review editor Cosima Marriner.

    Australia’s going backwards in the fastest growing region

    Asian investment isn’t just good business, it’s good security as well.

    • 49 mins ago
    • The AFR View
    Australian ambassador to the US Kevin Rudd addresses the AFR Asia Summit.

    Deterrence key to preventing war with China: Rudd

    It needs to be made clear to Beijing that military adventurism comes at a high price, the Australian ambassador to the US told the AFR Asia Summit.

    • Andrew Tillett
    Lynas chief executive Amanda Lacaze at The Australian Financial Review Asia Summit on Tuesday.

    Want to do business in Asia? Beware your unconscious bias: Lynas boss

    Amanda Lacaze, the managing director of Lynas Rare Earths, narrates how she set aside a full day for cultural awareness during her trip to Malaysia.

    • Jessica Sier and Andrew Tillett
    Foreign Minister Penny Wong at The Australian Financial Review Asia Summit.

    Be bold on Asia or miss out, business leaders warned

    Australian businesses’ narrow focus on China and North Asia means they are struggling to keep pace with the billions of investment dollars pouring into South-East Asia.

    • Updated
    • Jessica Sier, Andrew Tillett, Angela Macdonald-Smith and Peter Ker
    Advertisement
    A Chinese Coast Guard ship fires a water cannon at a Philippine Navy vessel at Second Thomas Shoal in the South China Sea.

    How China’s coast guard is ‘trying to occupy the ocean’

    In most countries, coast guards are there to do just that: guard domestic coasts and territorial waters. China’s, however, is more like a second navy.

    • Kathrin Hille
    Foreign Minister Penny Wong in Washington.

    Wong’s rallying cry to region over US-China tensions

    Foreign Minister Penny Wong says the Indo-Pacific needs to work collectively to manage relations between the US and China.

    • Andrew Tillett

    Yesterday

    Employees work on the assembly line of vehicles at a factory of Beijing Automobile Works (Qingdao) in January.

    China’s sputtering growth engines raise urgency for stimulus

    Factory activity contracted for a fourth straight month in August, according to an official poll of manufacturers.

    • Jenni Marsh
    Fumio Kishida lasted almost three years at the helm, becoming Japan’s eighth-longest-serving post-war prime minister.

    Kishida was better on the foreign stage than at home

    The outgoing Japanese PM strengthened international ties and was decisive on Russia’s invasion of Ukraine. However, he missed the opportunity to fix the economy.

    • Shiro Armstrong

    This Month

    Bundles of steel tubes at a trading market in the outskirts of Shanghai.

    Chinese steel exports to reach eight-year high

    Imports into Europe are expected to spike later this year, raising the prospect of more trade tensions.

    • Leslie Hook, Harry Dempsey and Joe Leahy
    Downtown Shanghai.

    Five questions to ask for Australia to reach its destiny in Asia

    After years of spruiking ‘engagement’ with the region, we need to start asking ourselves some deep questions about how we advance our prosperity in the region.

    • Anthony Bubalo
    This video grab shows a Chinese coast guard ship (L) colliding with a Philippine coast guard vessel near the Sabina Shoal.

    Australia, US condemn China over ‘dangerous’ new South China Sea collision

    The collision of the Chinese and Philippine coast guard vessels was the fifth in a month, as tensions escalate between the two nations in the vital waterway.

    • Neil Jerome Morales and Joe Cash

    August

    Residential buildings in Shanghai, China.

    China mulls $7.9 trillion in mortgage refinancing as economy stutters

    The government plan would let homeowners switch banks for cheaper loans, as the property slump drags down consumer spending and household wealth.

    • K. Oanh Ha
    US President Donald Trump with Chinese President Xi Jinping during the G-20 summit in Osaka last year.

    Chinese officials struggle to build ties with Trump’s campaign

    The frustrated overtures come amid rising bipartisan hostility towards China and a realisation in Beijing that US policy is unlikely to become less hawkish.

    • Demetri Sevastopulo
    Heavy rain strikes pedestrians in Kagoshima, western Japan, ahead of Typhoon Shanshan.

    Three dead, factories shut as typhoon hits Japan’s Kyushu

    Major vehicle makers, including Toyota and Nissan, suspended operations in domestic factories, while chipmaker Renesas temporarily halted production.

    • Updated
    • Kaori Kaneko
    Advertisement
    China’s property boom was partly driven by local government reliance on land sales for revenue.

    China’s refusal to tackle local government debt is a looming disaster

    Beijing’s reluctance to surrender control to local authorities or take on more responsibility is a key impediment to solving the country’s challenges.

    • Robin Harding
    A Chinese Coast Guard ship fires a water cannon at a Philippine Navy vessel at Second Thomas Shoal in the South China Sea.

    US military eyes escorting Philippine ships in South China Sea

    The head of the US Indo-Pacific command said he was open to discussions about escorting Philippine ships amid growing clashes with China in the disputed waters.

    • Jim Gomez
    A subdued economy and weak stock market have led investors to pile into government bonds.

    China bond bulls warned of bubble risk over bumper debt supply

    People close to the Chinese central bank say a wave of new issuance could burst the market “bubble”.

    • Joe Leahy, Wenjie Ding and Cheng Leng

    Even Temu is crashing, in red flag for China’s economy

    PDD Holdings, owner of market darling Temu, has surprised investors with an unusually gloomy outlook, as the nation’s economic malaise takes a toll on demand.

    • Updated
    • Yujing Liu
    White House national security adviser Jake Sullivan arrives at the VIP terminal of the Beijing Capital International Airport in Beijing on Tuesday.

    Top US, China officials to meet on military, Taiwan, fentanyl

    The two countries are at odds over the Middle East and Ukraine, Chinese territorial claims from Taiwan to the South China Sea, and trade.

    • Trevor Hunnicutt