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.