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China’s stockpiling of ASML chip-making machines push imports past 2023 estimates (www.scmp.com)

China’s imports of Dutch lithography machines have surged this year, with the first seven months already surpassing ASML Holding’s previous forecast for 2023 sales to China, according to a new report, as Chinese firms stock up on the equipment ahead of new export curbs....

Despite war and sanctions, Russia becomes a high-income economy (economictimes.indiatimes.com)

Despite sanctions by Western countries against Russia due to the Ukraine war, the country has become a high-income economy from an upper-middle income economy. In its latest rankings, the World Bank has promoted the Russian economy to the top income category.

EU pulls its gun on China: The EU is accelerating its crackdown on what it sees as Beijing’s unfair support for companies that undermine European rivals (www.politico.eu)

Europe’s phoney war with China is at an end. After years of building up an improved arsenal for a trade war, Europe is now showing it is willing to get tough on Beijing....

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