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The Latest Breaking News from China

Grain Market Update: Where are Corn and Soybean Prices Headed?

Despite early pressure, the agricultural and commodity markets remain fundamentally constrained, with corn supplies ample yet supported by strong demand, soybeans awaiting confirmed Chinese export business, and the broader commodity complex influenced by political dynamics, including expected Federal Reserve rate cuts and shifting energy and biofuel policies.

Barchart

Nvidia lobbies White House and wins loosened AI GPU export control to China — U.S. lawmakers reportedly reject GAIN AI Act

The U.S. House shelved the GAIN AI Act, blocking a rule that would have forced AMD and Nvidia to put U.S. buyers ahead of China for advanced GPUs, though Beijing's own limits blunt the impact.

Tom’s Hardware

The US must beat China to moon, Trump pick for NASA chief Jared Isaacman tells Senate: 'If we make a mistake, we may never catch up'

Billionaire private astronaut Jared Isaacman didn't mince words Wednesday (Dec. 3) during his second hearing before the Senate committee considering his nomination for NASA administrator.

Space

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Ancient 'hanging coffin' people in China finally identified — and their descendants still live there today

People buried in "hanging coffins" thousands of years ago in China and Southeast Asia have finally been identified through DNA research.

LiveScience

10 Bold Market Calls For 2026 From Bank Of America: AI Boom, Strong GDP, Lower Yields

Bank of America Global Research expects the global economy to enter 2026 with more momentum than investors anticipate, calling for stronger U.S. and China growth, continued AI-driven investment, and a shift in market leadership.

Benzinga

Trump team pushing for more robot development as White House leans heavily on tech innovation

American robotics companies have been lobbying for a national strategy to keep pace with rival China

The Independent UK

China slams UK for delaying decision again on massive new London mega embassy

The proposed structure at Royal Mint Court, near the Tower of London, would be the largest embassy in Europe, covering 20,000 square metres.

Euronews

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Scott Bessent is defiant on whether tariffs are a tax, demands Democrats work to cut actual taxes instead

Saying that some Democrats had walked into his “bear trap,” the Treasury secretary urged them: “Join me and cut taxes, and that will be disinflationary.”

Fortune

Chinese mega embassy in London could bring security advantages, Downing Street claims

No 10 has sought to highlight the ‘benefits’ of consolidating the seven Chinese sites currently dotted around the capital in the mega embassy

Evening Standard

HSBC has a new chair but the succession process should have been slicker

This is the UK’s second-largest listed company, and the European bank most exposed to declining US-China relations

The Guardian - UK

China has planted so many trees it's changed the entire country's water distribution

Huge "regreening" efforts in China over the past few decades have activated the country's water cycle and moved water in ways that scientists are just now starting to understand.

LiveScience

A New Ford Bronco Is Coming—But Only for Europe

The Ford Bronco lineup is growing once again. With the standard Bronco and Bronco Sport already available in the US—as well as the Bronco EV available exclusively in China—the Blue Oval will soon introduce a new Bronco plug-in hybrid. Unfortunately for American buyers, this one won’t be sold in the…

Motor1

China's 1st reusable rocket explodes in dramatic fireball during landing after reaching orbit on debut flight

The first test flight of Landspace's Zhuque-3 rocket ended in a fiery explosion after successfully reaching orbit.

Space

Can America Return to Neoconservatism Without the Same Results?

Shadi Hamid’s The Case for American Power implies that true interventionism hasn’t been tried.

Reason

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Evening Standard

Security concerns over new Chinese embassy addressed amid Starmer trip rumours

A decision on the proposed new Chinese embassy has been delayed until January 20 but Dan Jarvis told MPs security concerns had been addressed.

Fortune

China does not need Nvidia chips in the AI war — export controls only pushed it to build its own AI machine.

If the U.S. wants to lead in AI, chip controls are not the answer.

The Guardian - UK

EU looks at legally forcing industries to reduce purchases from China

Commission unveils €3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elements

Euronews

EU Commission sharpens its economic doctrine to counter foreign threats

The European Commission on Wednesday unveiled a new economic security strategy meant to better anticipate risks facing the EU market amid escalating threats to global trade, with China top of the list.

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Benzinga

Iron Ore Stability Faces Long-Term Headwinds, Study

Iron ore is moving toward 2026 on a positive momentum, although analysts warn about a constrained upside potential. A new study from BMI shows elevated prices, yet a gradually loosening market owing to Simandou development in Guinea and a slower steel cycle in China.

Barchart

S&P Futures Tick Higher With U.S. Economic Data in Focus

December S&P 500 E-Mini futures (ESZ25) are trending up +0.16% this morning as traders bet that a new round of U.S. economic data will reinforce expectations for a Federal Reserve rate cut next week.

Caixin Global

Energy Insider: China Weighs Plan to Boost Iron Ore Production

NEV costs set to fall on cheaper lithium, Jiangxi Copper sees bid for U.K.’s SolGold rejected

The Independent UK

China blasts UK for delaying decision again on massive London embassy

China has criticized the British government for delaying approval of a massive Chinese Embassy in London

Benzinga

Trump Signs Taiwan Assurance Implementation Act, Prompting Praise From Taipei, Objection From Beijing

President Donald Trump signed the Taiwan Assurance Implementation Act into law on Tuesday.

Benzinga

'AI Is Expanding The Attack Surface:' CrowdStrike CEO Warns China's 'State-Sponsored' Adversaries Are Using LLMs For Cyber Intrusions

Cybersecurity giant CrowdStrike Holdings Inc.’s (NASDAQ:CRWD) CEO George Kurtz issued a stark warning during the company's third-quarter earnings, citing a growing wave of AI-driven cyber threats from adversarial nation-states, including China.

Radio France Internationale

EU moves to reduce reliance on China for rare earth supplies

Europe will on Wednesday unveil a plan to reduce its reliance on China for rare earths and other critical minerals, opening a fresh front in its effort to secure supplies needed for major industries. The initiative, known as RESourceEU, is meant to give the bloc more control over materials that…

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