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. As China defuses its time bomb of debt, US hears the ticking intensify
Concerns over China’s local-level debt have long loomed large in international discourse, with a mountain of “hidden” debt viewed as a “ticking time bomb” that threatens to trigger a cascade of defaults while posing a risk to financial stability.
2. China’s exports defy trade war headwinds in July as growth surges to 7.2%
China’s exports continued to accelerate in July as a fall in shipments to the United States was offset by growth in a range of markets including Africa, Europe and Latin America, with chip exports surging by nearly 30 per cent year on year.
3. Unique genes that make us smart may also fuel cancer: China study
A genetic study in China that could have major implications for human evolution – and cancer research – has shown that a special type of recently evolved gene can be sequestered by cancerous tumours to fuel their growth.