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China

Why ‘Western hegemony is over’, learning lessons from Ukraine war: SCMP daily highlights

From American economist Jeffrey Sachs on US sabre-rattling to China’s youth seeking job stability, here’s a round-up from today’s coverage

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Senior Communist Party official Cai Qi hosted prominent scientists and academics on summer at Beidaihe seaside resort in north Hebei province on Sunday. Photo: Xinhua
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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. Beidaihe meeting signals start of summer break for China’s political elite

The appearance of President Xi Jinping’s chief of staff at the Beidaihe resort on Sunday indicates that senior Chinese leaders have started their annual summer break.

2. ‘It’s all changed’: how the trade war turbocharged an American rare earth mine

USA Rare Earth is receiving a surge in investment as America rushes to reduce its reliance on Chinese rare earth magnets.

3. ‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

Illustration: Henry Wong
Illustration: Henry Wong

The American economist sees China as key to the global energy transition to zero-carbon energy, especially in markets outside US and Europe.

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