China is grappling with the largest capital flight in years, raising concerns for authorities as Beijing exerts additional pressure on the yuan, which is already under strain due to a widening Sino-U.S. yield gap and mounting concerns about the Middle East crisis. Goldman Sachs’s preferred gauge of foreign exchange flows report published on Oct. 20 showed capital outflows from China surged to $75 billion in September, the highest monthly amount since 2016, compared to the $42 billion outflows in August. This increase occurred despite smaller outflows by the foreign portfolio investment channel, it added. “Foreign investors’ net selling of equities and bonds slowed, but the current account showed net outflows in September on the back of faster services trade outflows, lower goods trade related inflows and higher income and transfer outflows,” said the Goldman Sachs’s note accessed by The Epoch Times....Read more https://www.theepochtimes.com/china/chinas-worst-capital-outflow-in-years-exacerbates-yuan-woes-5515173
China pledged an eight-point infrastructure scheme as part of its next five-year Belt and Road Initiative (BRI) goal in a recent international forum in Beijing. In the third BRI forum opening address on Oct. 18, Chinese leader Xi Jinping promised a $47.8 billion financing pledge from Chinese development banks, “small yet smart” projects that entail 100 joint laboratories, and 100,000 training opportunities for partner countries by 2030. Without specifically naming the United States, Mr. Xi said China “opposed geopolitical rivalry, bloc politics, unilateral sanctions, economic coercion and decoupling, and supply chain disruption” in his address. Experts suspect BRI is unraveling, considering the country’s falling domestic economy and the series of Chinese real estate defaults, as up to 40 percent of bank loans in China are associated with real estate.... 
Prime Minister Justin Trudeau, Conservative Leader Pierre Poilievre, and dozens of Canadian MPs have been targeted by a ‘spamouflage’ campaign from China, said Global Affairs Canada (GAC). The agency’s Rapid Response Mechanism (RRM) detected the campaign in which a bot network left thousands of comments in English and French on the social media accounts of Canadian MPs, the GAC said in a statement issued on Oct. 23. The incident was first detected in early August 2023 and accelerated in scale over the September long weekend, said the GAC. “This campaign targeted dozens of MPs from across the political spectrum and spanning multiple geographic regions of Canada, including the Prime Minister, the leader of the Official Opposition, and several members of Cabinet,” the statement said....
The Philippines on Monday summoned China’s ambassador after a Chinese Coast Guard ship made “dangerous blocking maneuvers” against a Philippine ship that was operating within its Exclusive Economic Zone (EEZ) in the South China Sea, causing a collision. The collision occurred at around 6:04 a.m. local time on Oct. 22, when the Philippine boat attempting to deliver supplies to troops stationed at Ayungin Shoal had its path blocked and collided with a Chinese Coast Guard ship. A Philippine Coast Guard ship escorting the chartered boat was also “bumped” by a Chinese maritime militia vessel in the same incident, the Philippines’ National Task Force said in a statement....