Jake Sullivan assures Beijing that Kamala Harris would ‘responsibly manage’ relations

Good morning. Right now we’re overlaying:

• The conviction of two Hong Kong journalists underneath a colonial-era sedition legislation

• Singapore’s disillusioned center class

• Japan’s zombie start-ups

However we begin in Beijing, the place US nationwide safety adviser Jake Sullivan advised Chinese language leaders that Kamala Harris would “responsibly manage” relations between the 2 superpowers if she wins the presidential election in November.

The feedback from Sullivan, who met yesterday with President Xi Jinping, are supposed to reassure Chinese language policymakers that Harris wouldn’t take a extra hostile strategy to the connection than US President Joe Biden.

Beijing has grow to be more and more involved about how a Harris administration would deal with the connection with China and who can be her closest advisers on the matter. Whereas Harris has briefly met the Chinese language president and his quantity two, Premier Li Qiang, little is thought of the element of her views on the nation.

In addition to assembly Xi, Sullivan additionally had a extremely uncommon assembly yesterday with Common Zhang Youxia, one among China’s strongest army officers. Joe Leahy has extra on the talks in Beijing.

Right here’s what else I’m maintaining tabs on at present and over the weekend:

• Financial knowledge: India publishes its newest development figures. Japan, South Korea and Thailand report their industrial manufacturing indices for July.

• Outcomes: China Building Financial institution and the Industrial & Business Financial institution of China report.

How effectively did you retain up with the information this week? Take our quiz.

5 extra high tales

1. A court docket in Hong Kong has convicted two journalists from a defunct pro-democracy information web site of sedition in a landmark trial that highlighted shrinking press freedoms within the Chinese language territory. Their conviction was the primary underneath the legislation towards journalists since Hong Kong was handed again to China from British administration in 1997.

2. International buyers are pulling cash out of India’s fairness market, slicing their publicity because the US rate of interest cycle turns and thousands and thousands of home savers proceed to pile into richly valued shares. 12 months-to-date inflows stood at $2.6bn, effectively beneath the $22bn recorded final 12 months.

3. Donald Trump’s working mate JD Vance has urged tech billionaire Peter Thiel to “get off the sidelines” and assist bankroll the Republicans’ White Home bid. Vance’s plea to Thiel got here in an interview with the FT, the place he additionally known as for the break-up of Google.

• Republican nervousness: Donald Trump is dealing with doubts from Republicans about his plan to win again the White Home as they fret he might be unable to recuperate the momentum misplaced to Kamala Harris in latest weeks.

4. Pakistani companies say web disruptions this month have harmed their companies and unsettled buyers at a time when the nation is relying on the knowledge know-how sector to assist break a cycle of financial crises and bailouts. Digital rights activists imagine the disruption is owing to the authorities putting in “firewall” know-how to filter content material.

5. A Ukrainian F-16 fighter jet crashed on Monday throughout a mission to shoot down Russian missiles and drones in one of many largest aerial assaults mounted by Moscow since its full-scale invasion, Kyiv mentioned. The crash marked the first lack of one among Ukraine’s US-made F-16s since President Volodymyr Zelenskyy introduced their supply earlier this month.

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Information in-depth

Singapore’s Nationwide Day rally is historically a possibility for the prime minister to stipulate home coverage plans. However Lawrence Wong’s tackle this 12 months sounded an uncharacteristically ominous tone, reflecting the federal government’s considerations about rising residing prices in Singapore. The elevated disillusionment of Singapore’s center class, underneath strain from excessive housing costs, threatens the delicate consensus that has underpinned the city-state’s development and stability for many years, analysts mentioned.

We’re additionally studying . . . 

Chart of the day

China’s use of the renminbi in cross-border transactions has reached document highs this 12 months, as nearer ties with Russia bolster Beijing’s efforts to internationalise its forex and minimize dependence on the US greenback. In July, 53 per cent of China’s inbound and outbound transactions used the Chinese language forex, up from about 40 per cent for a similar month in 2021.

Take a break from the information

A silent loner returns to his desolate hometown from jail within the haunting, hallucinatory Chinese language movie Black Canine. Set on eve of the Beijing Olympics, director Guan Hu’s movie may be learn as a commentary on China’s particular socio-economic situation in 2008 and since, writes Jonathan Romney.

Further contributions from Harvey Nriapia and Tee Zhuo