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BUSINESS1d ago1st LD-Writethru: China approves Visa subsidiary application to establish bank card clearing institutionBEIJING, Oct. 13 (Xinhua) -- China's central bank announced on Tuesday that it has approved an application from a subsidiary of U.S. payment giant Visa to set up a bank card clearing institution in China, a step forward in the country's financial opening up.thestar_my · malaysia
POLITICS1d agoHow Maroš Šefčovič talked his way to a China trade breakthroughEurope’s trade chief has won a first concession from Beijing. Now he must convince EU leaders that dialogue can deliver more.Politico Europe
BUSINESS1d agoEurope's alternative to Trump's China trade warEurope is testing a new response to China Shock 2.0, betting that it can confront Beijing's export juggernaut without resorting to President Trump's tariff-heavy approach.Why it matters: More of the world is beginning to confront the threat that China's industrial overcapacity poses to their industries. But protecting individual sectors will not solve the bigger problem: China's factories are cranking out far more than its own economy can absorb.Driving the news: The European Union and China struck a preliminary deal on Friday to sharply limit Chinese hybrid vehicle exports to Europe.The EU plAxios
CONFLICT1d agoPhilippines rejects China’s calls for direct contact amid ‘miscalculation’ warningsThe Philippine military has rejected calls to restore direct communication channels with its Chinese counterpart, despite warnings from Beijing that their absence risks “miscalculation” during confrontations and could further escalate tensions in the South China Sea. On Tuesday, the Armed Forces of the Philippines said it would not communicate with its Chinese counterpart in advance of its maritime operations, arguing that such channels were ineffective without mutual respect for international...South China Morning Post
MILITARY1d agoChina is working on a submarine tank that can operate underwater for 2 hoursA Chinese research team has proposed four types of equipment that could rapidly switch between wartime environments, including operating deep under water for long periods, as multi-domain combat is set to develop in the coming decades. The “heterogeneous” equipment is designed to exceed conventional armoured vehicles by rapidly reconfiguring physical modules and functions within seconds for missions across land, water, air and electromagnetic contest grounds, according to the scientists. The...South China Morning Post
WORLD1d agoChina sentences 3 more Myanmar crime bosses to death in scam centre crackdownCourts in China have sentenced three key figures of a notorious Myanmar crime syndicate to death for operating large-scale cross-border telecoms fraud networks and causing the deaths of four Chinese nationals. The Quanzhou Intermediate People’s Court and the Nanan City People’s Court in southeastern Fujian province handed down the rulings against syndicate head Wei Huairen, his nephew Chen Dawei and accomplice Liao Jingfang on Tuesday, following a trial held in May, state broadcaster CCTV...South China Morning Post
POLITICS1d agoMEA reaffirms Ladakh is an integral part of India, says China’s denial cannot change factsSpat comes 10 days after the Survey of India announced the standardisation of the names of specific relief features in Ladakh, including 11 peaks, five mountains, six land areas, two glaciers, two passes, one valley, one river, one lake, and one other water bodyThe Hindu
POLITICS1d agoChina opposes India’s move to name 28 strategic locations in Ladakh“China has never recognised the so-called ‘Union Territory of Ladakh’ unilaterally and illegally established by India,” Foreign Ministry spokesperson Mao Ning told a media briefing in BeijingThe Hindu
HEALTH1d agoDoctors warn of physical limits as China viral ‘flash step’ dance sends imitators to hospitalA dance move known as the “flash step” recently went viral on Chinese social media, inspiring countless imitations, memes and creative merchandise, including keychains. In September, Chinese netizens jumped on the bandwagon, copying moves from a dance tutorial video made in the 1990s. They were especially taken with three moves featured in the video: the “flash step”, “prodigal kicking the ball” and “black bear shaking fur”. As its name vividly suggests, the flash step is a rapid, side-to-side...South China Morning Post
MILITARY1d agoChina’s Zhuhai air show to feature first-ever dedicated naval equipment displayIn a first, China’s largest air show will feature a dedicated naval equipment exhibition area, showcasing active-duty hardware in service with the country’s navy, as this year marks the event’s 30th anniversary, the organisers said. The biennial China International Aviation & Aerospace Exhibition, also known as the Zhuhai air show, displays China’s civilian and military aircraft for international buyers, drawing hundreds of thousands of attendees. A number of China’s aircraft have debuted at the...South China Morning Post
POLITICS1d agoTrump says does not believe China, Russia helping IranTrump said in July that he did not believe China and Russia were selling weapons to Iran, warning that "it would be very bad for them" if they did. The post Trump says does not believe China, Russia helping Iran appeared first on Vanguard News.Vanguard Nigeria
WORLD1d agoBritish Council to resume IELTS exams after 4 days of cancellations across ChinaIELTS examinations will resume across China on Wednesday, the British Council said after four days of cancellations that left test-takers scrambling at the height of the overseas university admissions season. The organisation announced on Tuesday afternoon that it would hold two free make-up sessions – on October 19 and 20 – for affected candidates and reimburse reasonable travel and accommodation costs for those who travelled to testing centres. The cancellations, which began on Saturday and...South China Morning Post
BUSINESS1d agoRoche signs $1.16B obesity drug deal with China’s Rona TherapeuticsRoche has signed a $1.16 billion deal with Rona Therapeutics from China for an obesity drug. This represents a significant collaboration in the pharmaceutical industry.Seeking Alpha Tech
BUSINESS1d agoGermany's China calculation shifts as import pressures eclipse export benefitsGermany has long resisted tougher action against China, fearing retaliation. But rising pressure on key industries has pushed Berlin to seek stronger EU trade-defense powers to protect its industrial base.DW News [en]
BUSINESS1d agoLVMH sales miss growth forecasts as China luxury demand slowsLVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.EuroNews [en]
SCI & TECH1d agoNvidia’s China AI chip market share falls to 34% as Huawei gains ground: IDCNvidia's market share in China's AI chip sector has reportedly fallen to 34% as Huawei gains ground, according to IDC. This signifies a notable shift in the competitive landscape of the Chinese artificial intelligence chip market.Seeking Alpha Tech
BUSINESS1d agoCathie Wood warns of ‘vicious’ memory chip cycles as China adds capacityA prominent investor warns of intense market cycles in the memory chip industry, citing China's increasing production capacity as a contributing factor. This highlights potential volatility and competition in the global tech market.Seeking Alpha Tech
BUSINESS1d agoVisa wins approval to establish domestic business in ChinaVisa has received approval to establish a domestic business presence in China. This marks a significant development for the company's operations in that market.Seeking Alpha Tech
POLITICS1d agoMarcos on South China Sea row; anger in Thailand over iron cage beds: 7 Asia highlightsWe have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Marcos says Philippines ‘resigned’ to managing South China Sea dispute The Philippines is “resigned” to managing its long-standing dispute with Beijing in the South China Sea and avoiding dangerous escalations, President Ferdinand Marcos Jnr said. 2. ‘A show of...South China Morning Post
POLITICS1d agoChina, Russia deepen maritime and Arctic logistics ties to secure energy supplyBeijing and Moscow vowed deeper maritime and logistical cooperation to protect shipping lanes and energy supplies, as China’s Foreign Minister Wang Yi met Nikolai Patrushev, chairman of the Russian Maritime Board in the Chinese capital on Monday. “China stands ready to work with Russia to align maritime strategies and leverage their complementary strengths to protect each other’s legitimate maritime interests,” Wang said, according to a foreign ministry statement released late on Monday. The two...South China Morning Post
BUSINESS1d agoVisa gets Beijing's green light for bank card business after 40 years of working with ChinaThe incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.CNBC
BUSINESS1d agoWhy Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculationHaidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...South China Morning Post
SCI & TECH1d agoChina-US astronomy team may have found possible relic of a recent ‘gold factory’A mysterious glow of high-energy light in our Milky Way galaxy could be the remains of an extremely rare cosmic “gold factory”, according to a new study by Chinese and US researchers. The collision of two orbiting neutron stars – dead stars so dense that a teaspoon of their matter would weigh a billion tonnes – may have shone as brightly as Jupiter in the sky, they wrote in a paper posted last week on the preprint server arXiv, which has yet to be peer-reviewed. The violent smash spewed out...South China Morning Post
POLITICS1d agoNavigating China-US power play at Shenzhen ApecThe article discusses the navigation of geopolitical power dynamics between China and the US at the APEC meeting in Shenzhen. This highlights ongoing international relations and economic competition.South China Morning Post
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