Cold war echoes as Aukus alliance focuses on China deterrence

Analysis: military alliance is more wide-ranging than Five Eyes agreement and may come to define future approach to Indo-Pacific security

For those who study the history of the cold war, Washington’s new initiative with London and Canberra – known by its acronym “Aukus” – has eery echoes of an intelligence-sharing agreement signed 75 years ago. This agreement is now more commonly known as the Five Eyes partnership.

When the seven-page full text of UKUSA agreement – as it was originally known – was finally released in June 2010, Time magazine called it one of the cold war’s most important documents that “reveals one of the foundations of the special relationship the UK and the US still hold dear”.

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Court rules against woman who became face of China’s #MeToo movement

Zhou Xiaoxuan, who accused CCTV host of sexual harassment, vows to appeal ‘unfair treatment’

A Chinese woman whose sexual harassment case against a popular TV host sparked a nationwide debate over #MeToo has accused a Beijing court of unfair treatment and vowed to appeal after it ruled against her.

The Haidian people’s court said in a judgment released late on Tuesday that Zhou Xiaoxuan did not meet the standard of proof in claiming that Zhu Jun, her superior at work, sexually harassed her.

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Chinese ambassador to UK barred from British parliament

Move agreed by Speakers of Commons and Lords follows imposition of sanctions on British MPs by Beijing

The new Chinese ambassador to the UK has been barred from parliament by the Speakers in the Commons and Lords after the imposition of sanctions on British MPs by Beijing.

The new ambassador, Zheng Zeguang, was due to attend a meeting of the broadly pro-Chinese all-party group on China, but after a letter from MPs who were subjected to sanctions by China, including the former Conservative party leader Iain Duncan Smith, the Commons Speaker, Lindsay Hoyle, has said the meeting is not appropriate.

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China property giant Evergrande admits debt crisis as protesters besiege HQ

Disgruntled investors voice anger at headquarters as company appoints advisers and says firesale of assets won’t cover debts

Property giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massive $300bn debts, and that its cashflow was under “tremendous pressure”.

Only hours after angry investors besieged its Shenzhen headquarters and the company denied it was set for bankruptcy, Evergrande issued a statement to the Hong Kong stock exchange saying that a significant drop in sales would continue this month, which was likely to further deteriorate its liquidity and cash flow.

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Taliban takeover of Afghanistan will reshape Middle East, official warns

Gulf states are having to reconsider their alliances and especially whether they can still trust the US, says senior source

The Taliban’s takeover of Afghanistan is a shattering earthquake that will shape the Middle East for many years, a senior Gulf official has said, warning that – despite the group’s promises of moderation – the militant group is “essentially the same” as last time it was in power.

Speaking on the condition of anonymity, the official also said that the rapid and chaotic US withdrawal also raises serious questions for Gulf states about the value of US promises of security over the next 20 years.

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Stock market correction of 5%-10% ‘likely before year end’; US inflation expectations rise – as it happened

Rolling coverage of the latest economic and financial news

Earlier:

Time to wrap up....

Here’s today’s main stories:

Related: Alibaba shares plunge as Beijing ‘seeks to break up Ant’s Alipay’

Related: Stock market pullback likely by year end, Deutsche Bank survey finds

Related: Evergrande investors face 75% hit as company edges closer to restructure

Related: UK cancels Covid vaccine deal with French firm Valneva

Related: Higher taxes could leave low-paid frontline workers £1,000 worse off

Related: EU Brexit controls are pointless bureaucracy, says M&S chairman

Related: Brexit trade barriers added £600m in costs to UK importers this year

Related: Primark hit by ‘pingdemic’ but it says supply crisis won’t lead to shortages

Related: West End theatres bank on staging a revival with big-budget productions

Related: All Sainsbury’s stores to stay shut on Boxing Day as a ‘thank you’ to staff

Related: UK to offer £265m in subsidies for renewable energy developers

European stock markets have shrugged off growth fears and talk of a stock market pullback, to end the day higher.

In London, the FTSE 100 gained 39 points or 0.55% to end at 7068 points. Royal Mail (+3%), Lloyds Banking Group (+2.8%), and hedge fund management group Pershing Square (+2.6%) led the risers.

Spain's Ibex up 1.3%. German Dax up 0.6%
The major European indices are ending the day with gains across the board:

German DAX, +0.56%
France's CAC, +0.2%
UK's FTSE 100, +0.55%
Spain's Ibex, +1.3%
Italy's FTSE MIB, +0.9%
In other markets as European/London traders look to exit:

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Emma Raducanu’s Chinese heritage praised by China’s state media

News outlet points out that US Open champion once attributed her winning confidence to ‘Chinese style of inner faith’

Chinese state media has said the “Chinese style of inner faith” gave British player Emma Raducanu the confidence to win the US Open over the weekend, but some of the country’s internet users asked: why are we calling her Chinese?

Raducanu, 18, became the youngest grand slam winner since Maria Sharapova won Wimbledon in 2004. The pride in her success was simultaneously shared in China, where her mother was born.

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‘China’s Dr Fauci’: How Zhang Wenhong became the face of Beijing’s Covid battle

Expert’s clever analogies and frank messages to public have won him respect – and millions of followers

Early last year, as Covid-19 began to disrupt livelihoods in Shanghai, local media struggled to persuade the public to stay at home. Then they turned to an infectious diseases expert, Dr Zhang Wenhong, who also heads up Shanghai’s expert panel on Covid-19.

“You’re bored to death at home, so the virus will be bored to death, too,” Zhang said in rapid-fire mandarin mixed with a distinctive Shanghainese accent. “Stay at home for two weeks … then we’ll be an inch closer to success.”

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The Guardian view on Xi Jinping’s China: rectification, not revolution | Editorial

A wide-ranging crackdown and leftist rhetoric have stirred fears of a return to the apogee of Maoism

Fifty-five years ago, China was in turmoil. Mao had launched the Cultural Revolution to eradicate opposition in the party and cleanse the country’s political soul, using the power of the masses. It would last a decade and claim well over a million lives; 36 million people were hounded, including Xi Jinping’s father, who had previously been a senior leader. The current president was himself denounced and spent years living in bleak rural poverty.

Unsurprisingly, Mr Xi has spoken scathingly of the Cultural Revolution in the past. Yet many now see growing echoes of the era. The Communist elders who survived the disaster sought to cage the power of the leader through consensus and new conventions. Under those, Mr Xi would be expected to step down as general secretary of the party – the role that gives him real power – next autumn, after 10 years. But putative successors have been sidelined or ousted, and dismantling term limits for the presidency, his other position, was a clear sign he plans to continue. The overt hostility to foreign influences is growing. A personality cult is flourishing; new textbooks on Xi Jinping Thought tell young schoolchildren that “Grandpa Xi Jinping has always cared for us … ”

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Alt-right finds new partners in hate on China’s internet

Populists and nationalists are spreading anti-Muslim, anti-feminist messages – but also backing the Communist party line

In the early days of the 2016 US election campaign, Fang Kecheng, a former journalist at the liberal-leaning Chinese newspaper Southern Weekly and then a PhD student at the University of Pennsylvania, began fact-checking Donald Trump’s statements on refugees and Muslims on Chinese social media, hoping to provide additional context to the reporting of the presidential candidate back home in China. But his effort was quickly met with fierce criticism on the Chinese internet.

Some accused him of being a “white left” – a popular insult for idealistic, leftwing and western-oriented liberals; others labelled him a “virgin”, a “bleeding heart” and a “white lotus” – demeaning phrases that describe do-gooders who care about the underprivileged - as he tried to defend women’s rights.

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The disappeared in Mexico, Afghan female footballers and a giant puppet: human rights this fortnight in pictures

A roundup of the coverage of the struggle for human rights and freedoms from Thailand to Texas

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China’s cultural crackdown: few areas untouched as Xi reshapes society

Vast range of new regulations prompt fears of a return to tight social control of pre-reform days

On the second floor of a nondescript concrete building in north-east Beijing, the Youyou internet cafe is less than half full. Quiet and dark, the cafe’s customers are all adults, sitting in brown sofas in front of screens set up for hours of comfortable online gaming.

Minors aren’t allowed in, and a poster on the glass entrance reads: “The whole society together cares about the healthy growth of underage teens.” Under new regulations from the Chinese government, minors are limited to just a few hours of gaming a week, with tech platforms ordered to enforce it. The intervention is just one of a recent rush of directives from Beijing aimed at reshaping society.

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Hong Kong: Tiananmen vigil organisers charged with inciting subversion

Hong Kong Alliance leaders face charges under national security law Beijing imposed last year

Hong Kong police have charged the group that organises the city’s annual Tiananmen candlelight vigil and three of its leaders with subversion under the national security law, amid an ongoing crackdown on dissent.

The Hong Kong Alliance in Support of Patriotic Democratic Movements of China said that the group, its chairman, Lee Cheuk-yan, as well as vice-chairs Albert Ho and Chow Hang-tung were charged late on Thursday with “inciting subversion of state power”, under the national security law Beijing imposed more than a year ago.

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Biden tells Xi US and China must not ‘veer into conflict’ in first call for months

White House says leaders agree to engage ‘openly and straightforwardly’ amid US frustration at lack of progress in advancing countries’ relations

US president Joe Biden and Chinese leader Xi Jinping have spoken in their first phone call for seven months, amid continuing frustrations over attempts to find common ground.

During the 90-minute call, which was initiated by Biden, the two leaders discussed their shared responsibility to ensure competition does not “veer into conflict”, according to a transcript of the conversation from the White House.

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China’s accidental feminist icon: ‘I left my abusive husband for a life on the road’ – video

56-year-old Su Min decided to leave her abusive relationship and embark on an open-ended solo road trip. In China, where women are frequently expected to serve the role of a dutiful housewife and support their husbands, her decision to strike out on her own could be seen as controversial. But after she began live-streaming her journey and her struggles, she became a Chinese internet sensation with online fans sending her donations to fund her new life. Su has become an accidental feminist icon, inspiring other women to leave behind restrictive gender expectations for a life of adventure.


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‘Like Game of Thrones’: how triple crisis on China’s borders will shape its global identity

Analysis: China’s handling of troubles in Afghanistan, Myanmar and North Korea will differ to the west, and mould its identity as a global power

First it was North Korea. Then came Myanmar. Now it is Afghanistan. The three ongoing crises in China’s neighbourhood seem to have little in common. But for Beijing they pose the same question: how to deal with strategically important yet failing states on its border, and how will China’s response define its identity as a global power.

For many years China watchers in the west have been looking for clues to how a rising power will exercise its influence on the world stage through its involvement in Africa or its relations with the US. But the way China approaches the three neighbouring countries may provide a clearer picture.

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China sends 19 aircraft into Taiwan’s air defence zone

Sortie by People’s Liberation Army air force includes fighter jets and bombers capable of carrying nuclear weapons

China’s military sent 19 aircraft into Taiwan’s “air defence identification zone” on Sunday, including several nuclear-capable bombers, on the eve of Taipei’s annual war games exercises.

The sortie by China’s People’s Liberation Army air force was one of the largest in weeks, and included 10 J-16 and four Su-30 fighters, as well as four H-6 bombers, which can carry nuclear weapons, and an anti-submarine aircraft.

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Australians urged to plan ahead for Christmas shopping amid ‘dramatically bad’ global supply chain crisis

Covid shutdowns of major international ports are putting extreme pressure on retailers to fill orders and keep shelves stocked

Australians have been warned not to leave their Christmas shopping until the last minute with the global supply chain crisis leaving retailers struggling to fill orders and keep shelves stocked.

The “dramatically bad” global supply chain situation in Asia could also see major Australian retailers dumping Black Friday sales as they are left with limited stock.

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China bans reality talent shows to curb behaviours of ‘idol’ fandoms

Broadcasters ordered not to promote ‘sissy’ men in attempt to reshape country’s entertainment industry

China has banned some reality talent shows and ordered broadcasters not to promote “sissy” men, in the latest attempt to reshape the culture of the country’s huge entertainment industry that authorities believe is leading young Chinese people astray.

“Broadcast and TV institutions must not screen idol development programmes or variety shows and reality shows that feature the children of celebrities,” China’s broadcast regulator, the National Radio and Television Administration said, in new regulations announced on Thursday.

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