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BUSINESS6d agoEU trade envoy eyes yawning goods deficit on first day of China visitThe EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao. Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit". One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent. Also in this edition: Microsoft unveils its new AI-powered PCs in a bid to rival Apple.France 24 [en]
POLITICS6d agoChina nominates Song Li for WHO chief as agency faces funding shake-up from US exitChina has nominated health official Song Li to run for director general of the World Health Organization, the foreign ministry confirmed on Thursday. If elected, Song would be the first person from mainland China to head the United Nations health agency. China previously backed Margaret Chan, a Hong Kong-born doctor and former director of health of Hong Kong, who served as WHO director general from 2007 to 2017. Song’s nomination comes as the WHO faces a major funding shake-up following the US...South China Morning Post
POLITICS6d agoMarcos says Philippines ‘resigned’ to managing South China Sea disputeThe 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 on Thursday. At the Forbes Global CEO Conference in Singapore, Marcos said: “I don’t know if we can find a resolution to the problem, but we are resigned to just being able to manage the problem, so that we do not have mistakes, we do not have misinterpretations. “My greatest fear is that some seaman, some soldier, just...South China Morning Post
BUSINESS6d agoEU trade chief in talks with China to rebalance 'unsustainable' deficitThe EU trade chief is holding discussions with China to address a trade deficit, aiming to restore balance in their economic relationship. This indicates ongoing efforts to resolve trade imbalances between major global economies.Seeking Alpha Tech
BUSINESS6d agoChina AI startup Manus raises more than $500M after Meta deal blockedChinese AI startup Manus has successfully raised over $500 million in funding following a blocked deal with Meta. This significant investment highlights continued growth and interest in the AI sector despite regulatory hurdles.Seeking Alpha Tech
POLITICS6d agoKremlin aide visits China amid speculation about potential Xi-Putin-Trump meetingAn aide to Russia’s president arrived in China on Thursday for a visit that will be closely watched for signs of preparation for a possible trilateral summit with the US during the Asia-Pacific Economic Cooperation leaders’ meeting next month. Nikolai Patrushev, who is also chairman of Russia’s Maritime Board, was set to hold talks with Foreign Minister Wang Yi, China’s Ministry of Foreign Affairs announced on Wednesday. Leading a delegation that included representatives from government...South China Morning Post
POLITICS6d ago‘We’re at a tipping point’: EU prepares its toughest weapon yet against ChinaIrish Times World
BUSINESS6d agoUniqlo sees profits soar in China despite Beijing-Tokyo tensionsFast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with encouraging steps indicating a return to growth”, according to its annual report released on...South China Morning Post
CYBER6d agoCrowdStrike links South Korean bank hacks to China-based attacker using AICrowdStrike has attributed hacks against South Korean banks to a China-based attacker. The attacker reportedly utilized artificial intelligence in their operations.Seeking Alpha Tech
BUSINESS6d agoChina’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placementShares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a “best effort” basis to issue 130 million new shares at HK$31.08 apiece. The offering...South China Morning Post
POLITICS6d agoChina has nominated health official Song Li as WHO head - ReutersChina has nominated health official Song Li as WHO head ReutersReuters World
BUSINESS6d agoTrade confrontation threatens: ‘super-crucial’ meeting between EU and ChinaPeking is vandaag en morgen het decor van een ontmoeting tussen de Europese Unie en China. Na maanden van oplopende spanningen over de onderlinge handel, ontmoet Eurocommissaris van Handel Sefcovic daar de Chinese handelsminister Wang Wentao. De Europese Unie wil zo snel mogelijk een oplossing voor een steeds schevere handelsbalans die inmiddels is opgelopen tot 1 miljard euro per dag. Daardoor worden de Europese industrie en werkgelegenheid hard geraakt. Sefcovic noemt deze ontmoeting "supercruciaal". China heeft juist baat bij de status quo, omdat het veel verdient aan Europese consumenten. NOS Buitenland
POLITICS6d agoEU-China talks enter critical phase as trade chief Šefčovič touches down in BeijingGood morning. Mared Gwyn and Angela Skujins with you again this Thursday morning. Today: the EU’s trade chief holds crunch talks in Beijing, Maricarmen’s death sends shockwaves in Spain, and student protests persist in France.EuroNews [en]
POLITICS6d agoEurope Today: Rubio urges Europe to wake up as EU trade chief begins key China tripEurope's ties with China, the US and the UK are all being tested at once. EU trade chief Maroš Šefčovič is in Beijing with a deadline to rebalance trade relations, Marco Rubio tells Europe to wake up, and London weighs rejoining the EU. In France, students are back on the streets today.EuroNews [en]
POLITICS6d agoGerman President Steinmeier targets China trip as Berlin sharpens trade stanceGerman President Frank-Walter Steinmeier is planning to visit China in the coming weeks, even as relations between the two countries sour over trade, according to multiple sources familiar with the arrangement. It will mark the first official visit to China since 2018 for Steinmeier, a former foreign minister whose decade-long tenure as president ends in March 2027. The visit will coincide with Chancellor Friedrich Merz’s trips to Japan and South Korea before the end of October. When asked about...South China Morning Post
MILITARY6d agoWhy China’s new air force base in Laos could rattle VietnamA newly opened China-backed air force training centre in Laos could unsettle Vietnam, even as it aims to modernise Vientiane’s military and balance defence ties among Beijing, Moscow and Hanoi, observers say. China’s National Defence Ministry said last Tuesday that the joint support and training facility at Ban Keun Airport in the Laotian capital would strengthen the expertise of local air force pilots and was “not directed against any third party”. “The establishment and operation of the two...South China Morning Post
BUSINESS6d agoEU and China open crunch trade talks in Beijing on hybrid car exportsEuropean Union trade commissioner Maros Sefcovic arrives in Beijing on Thursday for two days of high-stakes talks with China, with Brussels seeking a pilot agreement to curb the surge in Chinese hybrid-car exports and reduce a trade deficit now running at around €1 billion per day.RFI [en]
BUSINESS6d agoCan Europe finally get tough on China?Trade Commissioner Maroš Šefčovič is kicking off his visit to China today — and the stakes are high. On today’s show, Zoya Sheftalovich and Sarah Wheaton discuss the most important topic on the agenda: Europe’s trade deficit with China. France and Germany are finally on the same page and want Brussels to get tougher on […]Politico Europe
BUSINESS6d agoEU sends envoy to Beijing as rising exports from China raise economic anxietyThe European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partnerThe Independent World
MILITARY6d agoUS wraps up military mission in Iraq, giving Baghdad room to strengthen China tiesThe US has ended its military mission in Iraq, a move analysts said could give Baghdad more room for diversified partnerships and indirectly benefit China’s energy and commercial interests. But they cautioned that the shift was unlikely to create a power vacuum for Beijing to fill, with China lacking both the ambition and capacity to take on the US security role. The United States formally ended its Operation Inherent Resolve mission in Iraq on September 30, completing a withdrawal agreed on in...South China Morning Post
BUSINESS6d agoAs China and the EU begin crunch trade talks, optimism is in short supplyAs China and the European Union began a fresh round of trade talks in Beijing on Thursday, observers on both sides appeared to agree on one thing: a big breakthrough was unlikely. Chinese firms based in Europe said they hoped the talks could achieve some “limited progress” to help stabilise the trade relationship, while European analysts remained cautious about the potential outcome. “They’re bound to get some results,” said a Chinese source with knowledge of the talks, adding that EU Trade...South China Morning Post
POLITICS6d agoUS bars Fiji-based man over corruption tied to ChinaThe State Department has accused the man of paying bribes to Fijian citizens to advance Chinese interests.Al Jazeera [en]
BUSINESS6d agoChina boss gifts top employees new BMWs to protect them from harsh weather commutesA restaurant boss in China has received widespread online admiration for gifting brand-new BMWs to her top-performing employees because she hated seeing them brave harsh weather on electric bikes during their commutes. Ma Yanli, owner of a beef hotpot chain headquartered in Jiaozuo, in central Henan province, took some of her workers to collect their new BMWs on September 24. The cars, each priced at 300,000 yuan (US$45,000), had been bought by Ma two weeks earlier with full payment, Henan TV...South China Morning Post
POLITICS6d agoThe ‘G2’ illusion? After Xi-Trump summit, China wants equality while the US seeks dealsWashington and Beijing may have signed an agreement built around “reciprocity”. But a more consequential question remains unresolved: does it mean equal status for Beijing? Countries without a seat at the table are watching that ambiguity closely. The spectacle of Chinese President Xi Jinping’s state visit to Washington – the tarmac greeting, the flyovers, the state dinner – has been interpreted less as courtesy than as a statement of rank. Some argue that China is no longer being treated as...South China Morning Post
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