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How China’s US$150,000 robotic start-up beat Tesla boss Elon Musk in 2 years

Published: December 14, 2025 14:00

The odds seemed impossible: a shoestring Chinese start-up founded in 2023 with just 1 million yuan (US$142,000) taking on Elon Musk – tech legend, disrupter in space and CEO of Tesla – who is valued at half a trillion dollars. But in less than two years,…

Why has reference to Taiwan attending Rimpac been removed from US defence bill?

Published: December 14, 2025 12:40

A proposal to invite Taiwan to next year’s US-led Rim of the Pacific (Rimpac) military exercises has been removed from defence policy legislation progressing through Congress, raising concerns in Taipei that Washington’s political calculus may be shifting.…

US is rewriting its China policy under national security strategy

Published: December 14, 2025 12:30

The recently released US National Security Strategy (NSS) marks a sharp geographic and political turn. It moves the western hemisphere to the top of the agenda and pushes Asia – and with it, visible China-centric “great power competition” – down a notch.…

China orders local governments to settle company bills by end of year

Published: December 14, 2025 11:49

China has set a deadline for local governments to settle outstanding payments owed to companies, calling it essential for improving the country’s business environment amid an economic slowdown. All arrears below 500,000 yuan (US$70,870) must be cleared by…

Reporter’s notebook: home test kit takes headache out of Beijing healthcare

Published: December 14, 2025 11:00

When I woke up with a sore throat and fever in Beijing earlier this month, the last thing I wanted to do was go to a hospital. Even though the nearest public facility is just a 15-minute walk from my flat, I didn’t have the energy to leave my bed, let…

How will China respond to latest West Africa coup as economic footprint expands?

Published: December 14, 2025 10:35

Just days after Chinese ambassador Yang Renhuo met Guinea-Bissau’s President Umaro Sissoco Embalo to donate airport security inspection equipment, the West African nation was hit by a military coup that ousted Embalo. The November 26 coup marked yet…

China to fully cover childbirth costs for all as fertility crisis sparks economic alarm

Published: December 14, 2025 09:00

China will expand its national healthcare insurance programme next year to fully cover all out-of-pocket expenses related to childbirth, according to state media reports. It is the country’s latest bid to lift birth rates and avert a looming demographic…

Sales of high-end cars tumble in China as affordable local brands trump European marques

Published: December 14, 2025 07:22

Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston…

China tourism: cold spots are hot tickets as southern residents head north to ski

Published: December 14, 2025 04:30

With temperatures falling and holidays approaching, ski resorts across northern China are experiencing a surge in visitors from the south, a trend that is cheering airlines as well as resort operators including Malaysia-based Genting Group. Since the ski…

Soft power – hard work: can China harness social media apps to rewire its global image?

Published: December 14, 2025 03:10

Mary Roettger was just one of millions of Americans seeking a social media life raft when she warily logged onto China’s RedNote platform for the first time in January. As fears loomed over a threatened US ban on TikTok, the Florida writer braced for a…

China’s growing young billionaire class masks innovation hurdles, analysts say

Published: December 14, 2025 03:00

While China continues to produce many young self-made billionaires, showcasing its economic dynamism, observers have urged the creation of a more supportive environment, saying that innovation is still being held back. About 98 per cent of the super-rich…

Virtual reality and the Nanking massacre: where does historical immersion become trauma?

Published: December 14, 2025 02:00

In October, as Simon Li finished speaking at an international conference about embracing technological innovation in education, several Chinese history educators approached him with a potent, pressing question: could a virtual reality (VR) project about…

China narrows AI gap with US 3 years after initial ChatGPT shock

Published: December 13, 2025 15:00

US start-up OpenAI’s launch of ChatGPT on November 30, three years ago, sent China’s technology industry scrambling to get up to speed on the latest artificial intelligence developments. Chinese government authorities sent urgent requests to various…

How an American family’s wartime bond with China is bringing the countries together

Published: December 13, 2025 14:00

When Elyn MacInnis first moved to Nanjing in the late 1980s, she was greeted by a wholly unexpected connection. Local elderly residents would look at the American newcomer, pause and tell her she resembled Minnie Vautrin: a middle-aged woman with round…

China’s Wang Yi urges UAE to help close free-trade deal with Gulf Cooperation Council

Published: December 13, 2025 13:10

China is looking to the United Arab Emirates to help speed up negotiations for a free-trade agreement with the Gulf Cooperation Council (GCC), according to Chinese Foreign Minister Wang Yi. Wang met his Emirati counterpart in Abu Dhabi on Friday, China’s…

Is China testing submarine drones that could threaten US west coast or Panama Canal?

Published: December 13, 2025 12:00

Underwater drones being tested by China could be used to blockade the Panama Canal or even the US west coast, an American defence publication has claimed. The drones, referred to as XXLUUVs (Extra-Extra-Large Unmanned Underwater Vehicles), are highly…

China marks Nanking massacre anniversary with warning against Japan’s militarism

Published: December 13, 2025 11:18

A top official warned against moves to revive Japanese militarism as China held its annual national commemoration of the Nanking massacre amid tense ties with Tokyo. Speaking at a memorial ceremony in the eastern city of Nanjing on Saturday, Shi Taifeng,…

China-Africa partnership leaps into the future as Beijing expands market access: envoy

Published: December 13, 2025 09:19

The Chinese ambassador to Rwanda said on Friday that China-Africa cooperation had expanded into forward-looking sectors such as artificial intelligence, the digital economy, green energy, fintech and sustainable development. While attending the Seventh…

How China-built Ecowas headquarters is latest ‘concrete symbol’ of Africa ties

Published: December 13, 2025 08:00

China is cementing its image as a lasting partner across Africa by gifting high-profile infrastructure, such as presidential palaces and parliament buildings. A key example is the new US$32 million Economic Community of West African States (Ecowas)…

Beijing lodges protest after reported secret Israel trip by Taiwanese official

Published: December 13, 2025 07:18

Beijing’s embassy in Israel has protested following media reports of a secret trip by Taiwan’s deputy foreign minister to the Middle Eastern country. According to a Reuters report on Thursday citing multiple anonymous sources, Francois Wu Chih-chung had…

China’s green tech revolution will outlast geopolitics with scale and cost: Arif Aga

Published: December 13, 2025 04:00

The global green energy transition is less about geopolitics and more about economic reality, according to Arif Aga, director of global renewable engineering consultancy SgurrEnergy. For many nations seeking to adopt clean energy, their priority remains…

China’s copper heartland vows to build US$28 billion empire, dominate in global market

Published: December 13, 2025 03:00

A key industrial hub in eastern China is launching a push to transform itself into one of the world’s top copper-smelting bases, aiming to forge stronger supply chains for the strategic metal as prices flirt with record highs. In an implementation plan…

China’s fake name scandal sparks warnings about government credibility and corruption

Published: December 13, 2025 02:00

Multiple documents on websites run by public institutions in China were found to feature fake names and people, a pattern state media warned could harm government credibility and provide a haven for corruption. The series of blunders unfolded when internet…

How China is building a great green wall to protect itself from desertification

Published: December 13, 2025 01:44

After decades of human activities and overgrazing, desertification has accelerated at an alarming speed in China, resulting in sandstorms, flooding and drought. The economic repercussions are potentially affecting more than 400 million people. In the past,…

US green tech retreat echoes mistake of China’s Qing dynasty before collapse

Published: December 12, 2025 22:00

In 1865, when a British entrepreneur built a demonstration railroad near Beijing, Empress Dowager Cixi saw not progress but danger – of disruptions to feng shui, imperial graves and rural order – and had the tracks torn up. Two decades later, when a…

Only true repentance from Japan can resolve East Asia’s ‘memory wars’

Published: December 12, 2025 21:30

During a trip home, I took my daughters to the Nanking massacre memorial hall. It is not an easy place to visit. In shadowy rooms, photographs of victims line the walls. The names of the dead stretch across black stone. In glass cases lie bones unearthed…

The race for AI centres in space: why the US goes all in after China makes first move

Published: December 12, 2025 15:00

The global race to deploy data centres in space to power artificial intelligence (AI) development has begun, with China seizing an early lead. “In terms of the highest performance of space-based computing or the completeness of [the] technological…

US rare earth firm outlines strategy to build China-free supply chain for minerals

Published: December 12, 2025 14:30

US-based rare earth firm REalloys believes it has a road map to build a North American supply chain for critical minerals that bypasses China, working with Canadian and Japanese partners – a potential first, though not without risks and challenges. The…

China digs in for trade ‘struggles’ as Beijing eyes dual strategy of growth and resilience

Published: December 12, 2025 14:00

After witnessing the effects of a tumultuous trade war with the United States this year, China’s top leaders have issued a directive to fortify the domestic economy against persistent or even heightened trade frictions. Following the annual central…

Japan, US defence chiefs discuss radar row; Mexico’s China tariffs: SCMP daily highlights

Published: December 12, 2025 13:15

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Japan, US defence chiefs cover radar row and other China tensions in phone call US and Japanese defence chiefs…

‘Win without fight’: how China fast-tracked the J-36, left US years behind in sixth-gen jet race

Published: December 12, 2025 13:00

When it comes to building next-generation stealth jets, experience is the foundation of speed, reliability and combat readiness. Handing this critical job to a company with no stealth fighter experience could significantly delay progress and hand…

China to keep high fiscal deficit ratio in 2026 to buoy spending plans: analysts

Published: December 12, 2025 12:00

China is expected to set its fiscal deficit ratio at around 4 per cent of gross domestic product in 2026, analysts said, adding the affirmation of a more prominent role for fiscal policy at this week’s central economic work conference indicates a selective…

Chinese robotaxi firm Pony.ai bets on ‘asset-light’ strategy for growth

Published: December 12, 2025 12:00

Chinese autonomous-driving technology firm Pony.ai is betting on an “asset-light” strategy and newer generations of low-cost driverless cars to drive growth for its robotaxi operation as the company expects to break even by 2030. Under the asset-light…

Taipei mayor Chiang Wan-an to attend annual forum in Shanghai under Taiwan’s watch

Published: December 12, 2025 11:00

Taipei mayor Chiang Wan-an is set to visit Shanghai for a joint forum, an event that will be watched closely by Taiwan’s ruling Democratic Progressive Party (DPP). Chiang will travel to Shanghai on December 27 and 28 for the Shanghai-Taipei City Forum,…

Provocative Japanese actions risk plunging Asia into peril: China’s PLA Daily

Published: December 12, 2025 10:15

China’s military mouthpiece warned on Friday that provocative actions by right-wing Japanese politicians risked plunging Asia into peril, as Beijing prepared to mark the 88th anniversary of the Nanking massacre amid heightened tensions with Tokyo. PLA…

Flood expert Xu Chongyu leaves Europe for China as climate change speeds up

Published: December 12, 2025 09:00

For three decades, Xu Chongyu was Europe’s secret weapon against the rising tides. Working from the University of Oslo, Xu developed hydrological models that helped to guard cities from Copenhagen to Brussels, predicting floods before the first clouds…

Differences should be ‘exception rather than norm’ for China and Philippines, Marcos says

Published: December 12, 2025 07:26

China’s new ambassador to the Philippines has said both sides should try to get relations back on a “healthy” course, while President Ferdinand Marcos Jnr has said differences between the two countries should be the “exception rather than the norm”.…

Soft brain chip could help solve Neuralink’s big implant challenge

Published: December 12, 2025 06:01

Scientists have developed a new type of semiconductor that they hope will overcome a major problem for bioelectronic devices: the immune response that causes the body to reject implants. Bioelectronics is the science of integrating electronic systems with…

China urged to bring Japan’s Unit 731 to court for crimes against humanity

Published: December 12, 2025 04:00

The 2025 film Nuremberg ends with a sober line from British historian R.G. Collingwood: “The only clue to what man can do is what man has done” – a stark reminder that history repeats when justice does not. While the crimes of Nazi Germany were brought…

China’s food-security push to slash soy imports by two-thirds in a decade: Goldman Sachs

Published: December 12, 2025 03:00

China is on track to slash its reliance on imported soybeans to less than 30 per cent within a decade, from the current 90 per cent, research from Goldman Sachs suggests, as Beijing accelerates efforts to shore up self-sufficiency – including inoculating…

Japan, US defence chiefs cover radar row and other China tensions in phone call

Published: December 12, 2025 02:22

US and Japanese defence chiefs spoke on the phone on Friday about the recent confrontation between Chinese and Japan Self-Defence Force fighter jets, as Tokyo said it did not seek to escalate the tensions. During the call, Japan’s defence minister Shinjiro…

Why are South China Sea disputes hard to resolve? Power ‘asymmetry’, Malaysian expert says

Published: December 12, 2025 01:00

An inherent “asymmetry” of power poses a challenge to resolving South China Sea disputes via the quiet diplomacy traditionally favoured by Southeast Asian nations, a leading Malaysian security expert has said. Chinese analysts said Beijing supported the…

AI stock opportunities lie in ‘battleground’ sectors, not ‘titans’, BofA Securities says

Published: December 11, 2025 23:30

Global investors should shift their focus from Asia’s dominant AI hardware “titans” to a growing group of mid-cap “battleground” sectors that offer stronger growth potential amid intensifying competition, according to BofA Securities. In a report, analysts…

Why South Korea poses a major challenge to China’s Middle East arms sales drive

Published: December 11, 2025 22:00

Rising tensions in the Middle East despite the fragile ceasefire agreement in Gaza are continuing to fuel demands for arms in a region where China has emerged as a major supplier. As well as supplying drones and missiles, China is looking to expand its…

Fill US Arctic affairs post to halt China and Russia’s rise, senior Democrat urges Rubio

Published: December 11, 2025 20:05

The senior Democrat on a US congressional committee focused on China is urging Secretary of State Marco Rubio to fill the State Department’s vacant post for Arctic affairs, citing intensifying competition with Beijing and adding to growing pressure to…

Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review looms

Published: December 11, 2025 19:56

Mexican President Claudia Sheinbaum on Thursday defended her government’s decision to impose new import tariffs, hours after the Senate approved legislation allowing duties of up to 50 per cent on more than 1,400 products from Asian countries. The measure,…

Brussels ramps up China de-risking while France and Germany pull further apart

Published: December 11, 2025 17:56

With the end of the year approaching, the European Commission is rapidly ramping up its de-risking efforts through a flurry of broadsides against Chinese firms – even as the bloc’s most powerful member states appear to be moving in different directions on…

China-Japan row has left US’ Donald Trump facing ‘dilemma’: analyst

Published: December 11, 2025 15:00

The Trump administration is possibly facing a “dilemma” as tensions between China and Japan intensify, one Chinese analyst has suggested, while another noted that any breakthrough in the diplomatic dispute still hinged on direct engagement between the two…

First flight of China’s giant drone carrier Jiu Tian signals PLA swarm capacity boost

Published: December 11, 2025 13:20

China’s massive aerial drone carrier the Jiu Tian has completed its first flight, adding to the potential swarming capacities of the People’s Liberation Army (PLA). The Jiu Tian, which is itself a large drone, took to the air for the first time in the…

US signals China reset, Beijing-endorsed reincarnation in Tibet: SCMP daily highlights

Published: December 11, 2025 13:15

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. US seeks ‘constructive’ reset with China as trade tensions ease: Greer US Trade Representative Jamieson Greer says…

China may tap Nvidia’s H200 for AI gains but domestic chip strategy here to stay: analysts

Published: December 11, 2025 13:00

Beijing’s push to advance the domestic chip industry will remain unchanged regardless of whether it allows Chinese companies to buy Nvidia’s H200, analysts said. Days after US President Donald Trump announced Washington would permit Nvidia to ship the…

WHO responds to agency chief’s alleged pledge to ‘strengthen ties’ with Taiwan

Published: December 11, 2025 12:17

The World Health Organization said on Wednesday that its position on Taiwan remained unchanged, after Japan’s finance minister claimed that the health body’s chief executive intended to strengthen ties with the island. On December 6, Japan’s Minister of…

US military sends show of support to Japan as China’s navy, air drills continue

Published: December 11, 2025 11:00

US bombers and stealth fighters took part in a joint military exercise with Japan on Wednesday while an American aircraft carrier arrived at a Japanese port on Thursday, in a show of force amid heightened tensions between Beijing and Tokyo. Japanese…

AI race: Meta reported to use Alibaba’s Qwen for ‘Avocado’ model in likely win for China

Published: December 11, 2025 11:00

American tech giant Meta Platforms is reportedly using an open-source artificial intelligence model developed by Alibaba Group Holding to reinvigorate its faltering AI efforts in another likely win for Chinese AI. According to a Bloomberg report on…

China stresses domestic demand after closely watched economic conference

Published: December 11, 2025 09:47

China has pledged to bolster its economy, primarily on the back of domestic demand, and build a robust domestic market to counter external challenges, after a high-level meeting setting the tone for next year’s economic policy. Following the central…

Studio Ghibli co-founder Hayao Miyazaki’s Chinese show cancelled as Japan row rumbles on

Published: December 11, 2025 09:23

An exhibition based on the works of the celebrated Japanese animator Hayao Miyazaki in the southern Chinese city of Guangzhou has been postponed as relations between the two countries continue to deteriorate. Studio Ghibli, the Oscar-winning anime studio…

Beijing urges Dutch government to push for China visit by Nexperia execs

Published: December 11, 2025 08:55

China has urged the Dutch government to push the Netherlands arm of semiconductor manufacturer Nexperia to send personnel to China, Beijing’s commerce ministry said during a press conference on Thursday. The Dutch embassy in China has been asked to urge…

How China is cementing its central role as the architect of green tech

Published: December 11, 2025 08:30

In the first three quarters of this year, China added 310 gigawatts of renewable energy capacity, up 47.7 per cent year on year and accounting for 84.4 per cent of all new power installations in the country, according to the National Energy Administration.…

Hegseth’s G2 description for US-China relations ‘deeply problematic’: House Democrat warns

Published: December 11, 2025 06:25

Defence Secretary Pete Hegseth’s characterisation of US-China relations as a “G2” partnership is “deeply problematic”, a Democratic lawmaker has warned in a letter to the Pentagon chief. Such a description sidelines Washington’s allies and partners in the…

‘Major breakthroughs’: Chinese biotech firms plan global expansions after domestic success

Published: December 11, 2025 06:00

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the…

Should Opec worry? China joins US shale oil revolution with deep fracking breakthrough

Published: December 11, 2025 04:00

China’s recent breakthroughs in fracking technology have the potential to usher in a new shale revolution that could solidify the country’s energy security and reshape the international oil order. That would see China join the United States, whose shale…

Panchen Lama says reincarnation must follow Chinese laws, be endorsed by Beijing

Published: December 11, 2025 01:00

Reincarnation must follow Chinese laws and be endorsed by Beijing, Tibetan Buddhist leader Panchen Lama has said in an apparent reference to the succession of the Dalai Lama. Speaking at an official symposium in Shigatse on Monday, the Panchen Lama – the…

Less hype and more hardware: SenseTime banks on multimodal AI to regain its edge

Published: December 11, 2025 00:00

Chinese artificial intelligence pioneer SenseTime is betting that its roots in computer vision will help it lead the next phase of AI, as the industry shifts towards multimodal systems and embodied intelligence in the physical world, according to…

US commission wants more Mandarin language courses as Congress looks to curb Beijing sway

Published: December 10, 2025 22:46

A bipartisan commission focused on the rule of law and human rights in China is recommending that the US Congress scale up immersion programmes for Mandarin and other languages spoken on the mainland in American high schools and universities. The…

First China ore shipment rewards Guinea coup leader’s push for Simandou alliance

Published: December 10, 2025 22:00

The Simandou mountain range in southeastern Guinea, once a dense forest where exploration teams relied on GPS and helicopters to navigate, has yielded vast reserves of its sought-after high-grade iron ore after decades of delay. Workers struggled to define…

US seeks ‘constructive’ reset with China as trade tensions ease: Greer

Published: December 10, 2025 19:51

The United States is striving for a more “constructive” relationship with China after this year’s trade war and will continue to pursue a “managed” bilateral trade relationship, its chief trade envoy said, despite concerns lingering over China’s grip on…

US Fed delivers quarter-point rate cut as policymakers weigh inflation outlook

Published: December 10, 2025 19:09

The US central bank announced on Wednesday it would slash the benchmark interest rate by a quarter of a percentage point, though this year’s third cut has long been criticised by President Donald Trump as too late and too little. The cut decision made by…

China faces 2026 marked by economic strains and uneasy rivalry with US: Asia Society

Published: December 10, 2025 16:36

Beijing and Washington will continue to circle each other warily in 2026 even as China’s leadership struggles to balance economic growth against its control fixation, according to a report on next year’s outlook for China released on Wednesday by the Asia…

China pledges aid to Latin America, Caribbean with no ‘political conditions’

Published: December 10, 2025 15:00

China has promised no-strings-attached aid to Latin American and Caribbean countries as it positions itself as a key voice of the Global South and seeks to expand its influence in a region also actively courted by the United States. In an updated policy…

China’s sovereign wealth fund reveals it opened London office after Trump win

Published: December 10, 2025 14:00

China’s flagship sovereign wealth fund has revealed that it opened a representative office in London shortly after Donald Trump’s victory in last year’s US presidential election, a move made amid increased scrutiny of Chinese investments in the United…

China reveals more about mid-air stand-off, consumer prices edge up: SCMP daily highlights

Published: December 10, 2025 13:15

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China reveals radio clip heard before mid-air stand-off with Japan fighter jets China on Tuesday released more…

Chinese supercomputer maker Sugon and chip developer Hygon call off merger plans

Published: December 10, 2025 13:00

Chinese supercomputer maker Sugon and chip designer Hygon Information Technology have called off a planned mega-merger that had been under discussion for months, in a surprise move that could complicate the country’s tech self-sufficiency efforts in the…

Former Nasa chief calls for new US approach to moon landing – much like China’s

Published: December 10, 2025 13:00

A former Nasa administrator has warned that America’s plan to return astronauts to the moon is technically unworkable, urging a much simpler approach – similar to China’s – as the only realistic way to stay ahead. Mike Griffin, a 76-year-old aerospace…

‘Peer powers’: China closes capacity and influence gap with US in Asia, annual index finds

Published: December 10, 2025 12:41

China and the US are “peer powers” in Asia, as Beijing closes the gap in the region with Washington and records the highest diplomatic influence score among countries measured, an Australian think tank’s latest annual gauge indicates. According to the 2025…

South China Sea: Beijing says it seeks to ease disputes with Asean over waterway

Published: December 10, 2025 10:03

China is willing to work with Southeast Asian countries to manage maritime disputes in the South China Sea and build a fair and just maritime order, a senior Chinese diplomat said. Speaking in Sanya on the southern island province of Hainan, Sun Weidong,…

China-Russia bomber patrol ‘a serious national security’ concern, Japanese minister says

Published: December 10, 2025 09:36

A joint patrol by Chinese and Russian nuclear-capable bombers near Japanese airspace is a serious national security concern, the country’s Defence Minister Shinjiro Koizumi has said. In a social media post on Tuesday, Koizumi wrote that two Russian Tu-95…

China’s Moore Threads to unveil AI chip road map to rival Nvidia’s CUDA system

Published: December 10, 2025 09:01

Moore Threads Technology is set to launch its latest graphics processing unit (GPU) architecture next week, fresh from the Chinese artificial intelligence chip designer’s stellar trading debut last Friday in Shanghai. Founder, chairman and CEO Zhang…

12 killed after fire hits residential building in southern China’s Shantou city

Published: December 10, 2025 07:00

At least 12 people have died in a fire at a residential building in southern China, the first major incident of its kind in the mainland since last month’s Hong Kong blaze. The fire broke out at around 9.20pm on Tuesday in Shantou in Guangdong province and…

China’s post-materialist generation says no to liberal democracy, confounds West

Published: December 10, 2025 06:01

Chinese who came of age during the country’s economic boom are less supportive of liberal democratic values than older generations, contradicting the predictions of Western policymakers and academics. A study by scholars based in China and Britain found…

China’s Fosun Pharma unit strikes US$2.1 billion obesity drug deal with Pfizer

Published: December 10, 2025 04:15

US pharmaceutical behemoth Pfizer has agreed to pay up to US$2.1 billion to Shanghai-based Fosun Pharma’s unit Yao Pharma for an experimental oral obesity drug, underscoring the growing trend of Chinese drug makers selling early-stage assets to global…

Over 10 years in making: China launches 2,000km-wide AI computing hub

Published: December 10, 2025 04:00

China has activated what may be the world’s largest distributed AI computing pool alongside a high-speed data network that has been planned for more than a decade, according to an official state newspaper. It said this optical network linked computing…

China’s consumer prices rise at fastest pace in nearly 2 years in November

Published: December 10, 2025 03:25

China’s consumer prices rose for a second straight month in November, with inflation hitting its highest level in nearly two years, in a tentative sign that the country’s persistent deflationary pressure may be starting to ease. The national consumer price…

EU firms need to abandon overreliance on China and US, chamber report warns

Published: December 10, 2025 02:39

A new report recommends European companies diversify away from overreliance on China and the US, as companies find themselves squeezed between Beijing’s preferential policies for local companies and Washington’s trade volatility. The European Union Chamber…

China’s Deep Robotics raises US$70 million as sector draws more investors

Published: December 10, 2025 01:00

Deep Robotics – one of the “Six Little Dragons” from Hangzhou, the capital of eastern Zhejiang province – on Tuesday said it had raised 500 million yuan (US$70 million) in fresh funding from a group of Chinese investors. According to the company’s…

China and Russia must be on guard to stop Japan causing trouble: ex-diplomat

Published: December 10, 2025 01:00

Japan is likely to become the “most serious and direct” threat to both China and Russia in the Asia-Pacific, a former Chinese diplomat and foreign ministry official has warned. Wu Hailong, assistant minister of foreign affairs from 2009 to 2011, now heads…

China’s powerhouse province targets doubling GDP by 2035 – but can it deliver?

Published: December 10, 2025 00:30

Guangdong, China’s largest provincial economy, has vowed to double its economy by 2035 from 2022 levels, in line with the central government’s target of becoming a medium-level developed country by that year. “Looking ahead, from the 20th National Congress…

China, Hong Kong stocks set to gain nearly 20% in 2026, JPMorgan says

Published: December 9, 2025 23:30

China and Hong Kong stocks could deliver nearly 20 per cent gains in 2026, supported by resilient global growth, improving earnings and easing competition among e-commerce giants, according to JPMorgan. The bank expected the MSCI China Index to rebound…

US senators warn of China-cartel links forming a global ‘Silk Road of crime’

Published: December 9, 2025 23:21

Lawmakers from both parties are warning that Chinese criminal groups have helped build what officials call a “Silk Road of crime”, a global network that launders Latin American cartel profits and supplies the chemicals used to make fentanyl bound for the…

How China pulled off a critical mineral tech revolution in just 10 months

Published: December 9, 2025 22:00

When a European start-up developed a breakthrough technology capable of transforming low-grade bauxite – once considered waste – into high-quality feedstock for aluminium production, they announced it at an industry conference in Miami, United States. The…

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