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POLITICS1h agoEU leaders to ‘urgently’ call for new trade weapons to tackle China shockLeaders of the EU’s 27 member states will instruct Brussels to “urgently” come up with new weapons to counter the imbalances they believe are caused by China’s economic policies, at a meeting in the Belgian capital on Thursday. The instruction – part of a draft statement being negotiated ahead of this week’s European Council summit – comes after the European Union and China reached a surprise deal in Beijing last week that will cap the number of Chinese hybrid cars imported to the bloc at...South China Morning Post
BUSINESS2h agoASML’s chip equipment sales to China soar 109% despite US export curb pushDutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year, after seeing shipments to the market more than double during the previous quarter despite mounting US pressure for tighter export restrictions on less advanced chipmaking machinery. The company’s sales to China surged 109 per cent in the third quarter compared with the previous three months, according to financial results released on Wednesday. That took China’s share of ASML’s...South China Morning Post
BUSINESS3h agoChina’s Li Qiang vows more high-value imports as trade surplus faces scrutinyPremier Li Qiang said on Wednesday that China stands ready to import more high-quality goods, particularly high-value-added products, as part of efforts to promote more balanced trade. Li made the pledge at an opening ceremony for the autumn session of the biannual Canton Fair, China’s largest foreign trade exhibition. The nearly three-week-long event officially opens on Thursday, with more than 32,000 exhibitors and 210,000 overseas buyers registered in advance. “International trade is not...South China Morning Post
POLITICS3h agoIn US-China rivalry, middle powers urged to be ‘indispensable’ chokepointsMiddle powers should become “indispensable” chokepoints to safeguard strategic autonomy and survive the power rivalry between the US and China, former leaders and top diplomats said at a forum in India on Wednesday. The assessment comes as smaller and middle-tier countries seek to protect themselves from mounting geopolitical uncertainties arising from the tariff war launched by US President Donald Trump. The trade conflict has hit America’s allies and foes alike and grown complicated amid...South China Morning Post
BUSINESS3h agoWhat does the historic Bank of America fine mean for US-China capital streams?As the US Treasury imposed historic fines on Bank of America over compliance failures involving Chinese money-laundering networks, analysts see the action as a signal that could prompt Western banks to tighten scrutiny of Chinese clients and cross-border transactions. The penalties, announced on Tuesday and totalling more than US$1.21 billion, included what the US Treasury described as its third-largest penalty on record and the largest in the history of the Office of the Comptroller of the...South China Morning Post
BUSINESS3h agoEU-China trade progress welcomed, yet trust issues lingerWhile a deal to reduce exports of hybrid vehicles represents an early win, tougher issues remain on the negotiating table.Politico Europe
POLITICS3h agoHuang Qifan, China’s political tumbler, falls after a decade of close corruption callsFor a decade, former Chongqing mayor Huang Qifan stood out as a political survivor while colleague after close colleague fell in China’s far-reaching anti-corruption campaign. Throughout that time, including his seven years as the megacity’s mayor from 2009 to 2016, Huang was seen as a “tumbler” in Chinese politics – a weighted doll that wobbles but never falls over. The nickname was well-deserved – he served under six municipal Communist Party secretaries, watching two of them – Bo Xilai and...South China Morning Post
POLITICS4h agoHow Maroš Šefčovič achieved a breakthrough in trade with ChinaEuropas Handelskommissar hat ein erstes Zugeständnis aus Peking erreicht. Nun muss er die EU-Staats- und Regierungschefs davon überzeugen, dass der Dialog noch mehr bewirken kann.Politico Europe
BUSINESS4h agoChina's influence in the gaming industryHome to more than 700 million gamers, China is the world's largest gaming market — but it's also one of the most tightly regulated. The effects reach far beyond China, impacting players around the world.DW News [en]
BUSINESS4h agoChina's influence in the gaming industry is growingHome to more than 700 million gamers, China is the world's largest gaming market — but it's also one of the most tightly regulated. The effects reach far beyond China, impacting players around the world.DW News [en]
WORLD5h ago‘Pure fate’: China newlyweds share identical names, face endless glitches in life situationsA newlywed Chinese couple has gone viral on social media because they share exactly the same name, written with the same Chinese characters, and work in the same industry. The coincidence has caused a few practical complications, but many people see it as pure fate. On October 6, the groom, 33, and the bride, 28, both named Zhu Xiaocong, held their wedding in Zhejiang province, eastern China. Someone shared their wedding poster online, which showed that the couple had exactly the same name,...South China Morning Post
POLITICS6h agoUS holds ‘unusual’ civil-military meeting in Tokyo ahead of Trump’s China tripSenior American diplomats, administration officials and Indo-Pacific military commanders met in Tokyo earlier this month in what one source called an “unusual” gathering ahead of US President Donald Trump’s planned visit to China in November. People familiar with the meeting said it represented an evolution of a long-standing practice in which US ambassadors stationed across Asia and the Pacific gathered to exchange intelligence, coordinate diplomatic reporting and align regional priorities. The...South China Morning Post
SCI & TECH6h agoAs the US and China race ahead in AI, France carves its own path with Nvidia’s helpNvidia bets almost $10 billion in Europe as Paris pushes for AI sovereignty.EuroNews [en]
BUSINESS7h agoChina’s exports surge amid AI-driven demandExports grew by 36.3 percent in September, the biggest leap since the COVID-19 pandemic.Al Jazeera [en]
MILITARY7h agoChina’s Liaoning carrier heads to the Pacific as US, Japan prepare for missile drillsThe PLA Navy’s Liaoning aircraft carrier has started its second drill series in the western Pacific this year, with the training likely to coincide with an expanded US-Japan military exercise that could have implications for a Taiwan contingency. The Liaoning carrier group was carrying out the drill in “relevant waters” of the western Pacific Ocean as part of the navy’s annual training plan, China’s defence ministry said on Wednesday. While it did not disclose the exact location of the drill,...South China Morning Post
BUSINESS7h agoRetro trend: is China simply copying the German VW Beetle here?Citroën's 2CV has just been unveiled as an electric car, and the retro Fiat 500 is already a hit. Few know that in China even Germany's VW Beetle is making a comeback, but only in looks.EuroNews [en]
BUSINESS7h agoChina chip exports jump 136% to US$45b as AI frenzy jacks up pricesChina’s integrated circuit (IC) exports surged 136 per cent year on year in September to US$45 billion, exceeding the 108 per cent growth rate in the first nine months of the year in a sign of the country’s rising influence in the global semiconductor supply chain. In September, China exported 32.7 billion units of ICs, according to customs data released on Wednesday, a 1 per cent year-on-year increase in volume. But higher prices fuelled the 136 per cent jump in value amid a memory chip...South China Morning Post
BUSINESS8h agoChina’s EV industry faces double blow from EU export quota, VAT rebate cutChina’s electric vehicle (EV) makers have been hit with a double blow as both Beijing and Brussels introduce measures that will affect their exports, leading analysts to revise down their earnings forecasts for the industry. The twin measures – combined with a sales decline in China’s domestic market – could create a “do-or-die moment” for some of the country’s 50-odd EV makers, ramping up financial pressure on the companies, according to industry officials. On Friday, China and the European...South China Morning Post
SCI & TECH8h agoChina’s Next FrontierTechnology experts Kathleen Curlee and Sam Bresnick argue that China is catching up to the United States in space, commercially and militarily. This poses a threat to U.S. military operations, which rely on space-based capabilities. Washington must invest in space defense and also reduce its reliance on the domain.Foreign Affairs
BUSINESS8h agoChina’s carmakers eye record sales, luxury model hits regulatory bump: 7 EV readsWe have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China carmakers eye record 12 million global sales in 2026 as EV demand surges Chinese automotive groups have cause to celebrate their go-global strategy amid breakneck export growth in recent years, with deliveries in 2026 expected to beat expectations already buoyed by an...South China Morning Post
POLITICS8h agoWill South China Sea’s code of conduct remain elusive as deadline looms?A long-awaited code of conduct (COC) for the South China Sea risks becoming a toothless agreement, analysts have warned, as Beijing and Southeast Asian nations scramble to hammer out a deal by the end of 2026. More than three decades since it was mooted, the proposed pact has remained gridlocked over how to balance competing territorial claims among China and four rival claimant states – Malaysia, Vietnam, Brunei and the Philippines. Maritime experts speaking at a conference in Kuala Lumpur this...South China Morning Post
POLITICS8h agoNew bridge linking China and North Korea will open more than a decade lateA new bridge linking China and North Korea is set to open more than a decade after the Chinese side of it was built, in the latest sign of closer ties between the two countriesABC News
BUSINESS9h agoRecent EU-China talks were a 'good starting point', MEP Lange saysBernd Lange, S&D MEP and chair of the European Parliament’s International Trade Committee, hopes the EU and China can reach a “comprehensive agreement” to resolve their trade dispute by March next year.EuroNews [en]
POLITICSBREAKING9h agoChina and North Korea to open border bridge after unexplained 12-year delayA bridge between China and North Korea that was completed 12 years ago will finally open on Thursday. The two countries will hold an opening ceremony to mark the official opening of the New Yalu River Bridge, Chinese state news agency Xinhua reported on Wednesday morning. Last week, signs that the bridge would soon open were spotted, including vehicles crossing and traffic lights and bridge indicators being activated, according to South Korean newspaper The Chosun Daily. The bridge links the...South China Morning Post
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