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The Latest Breaking News from China

China's Currency Basket to Get Makeover with Adjusted Yuan Weighting

China announces plans to shake up the CFETS yuan basket in 2024, reflecting a dynamic approach and keeping the world guessing on its currency strategy.

Top News

Shanghai Composite Index Rose 0.68% on Friday

Shenzhen Component Index closed up 0.89%

Caixin Global

After serving jail term over security law, a Hong Kong pro-independence activist seeks asylum in UK

An activist who advocated for Hong Kong independence and was jailed under its sweeping national security law has fled to Britain to seek political asylum

The Independent UK

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China cracks down on negativity over economy in bid to boost confidence

Record high youth unemployment and struggling property sector are among increasingly sensitive topics

The Guardian - UK

The U.S. presidential race isn’t the only election next year. Here are four in Asia that could also reshape global politics

India, Indonesia, South Korea, and Taiwan all have important elections in the first half of 2024.

Fortune

Hong Kong Democracy Advocate Seeks Asylum In Britain

Hong Kong democracy activist Tony Chung said Friday he had fled to Britain because he could no longer endure living in fear, with authorities pressuring him to become a paid informant while banning him from working.

International Business Times

US military’s X-37B robot spaceplane blasts off on secret mission aboard SpaceX rocket

Launch of plane, which will carry out classified experiments, marks another development in US-China space rivalry

The Guardian - AU

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China's Huawei Says Expects Revenue Up Almost Nine Percent In 2023

Chinese tech giant Huawei said Friday it "weathered the storm" of US sanctions as it announced a rise of almost nine percent in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone.

International Business Times

After Elon Musk predicts leading carmakers will be Chinese, smartphone giant Xiaomi unveils first EV and vows to be in ‘world’s top 5’

Xiaomi CEO Lei Jun unveiled the SU7 in Beijing on Thursday, a sedan that will take on BYD and Tesla models in China.

Fortune

Nio ET9 Flagship Brings Steer-By-Wire, 600kW Charging, Tons Of Tech

Priced from $113,500 in China, the Nio ET9 has a 900-volt architecture and new 46105 large cylindrical cells enabling it to add 158 miles of range in 5 minutes.

InsideEVs

India’s stationary course in the shipping value chain

In India, with a long coastline and a strategic location as the geographic pivot of global shipping, shipbuilding would be an integral part of any serious attempt to deepen strategic power

The Hindu

10 things we learned about our human ancestors in 2023

Findings about our human ancestors continue to surprise us, especially those from 2023.

LiveScience

The global economy in 2024: Key clues to watch out for

US interest rates, oil prices and the Chinese economy will determine the global economy next year.

Al Jazeera

Three defence industry leaders removed from China advisory body

Departures are part of purge of figures linked to military, thought to be related to a procurement investigation

The Guardian - UK

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AAP

Djokovic mania hits Perth as the GOAT gears up for AO

Novak Djokovic has landed in Perth ahead of Serbia's United Cup opener against China on Sunday.

Tom’s Hardware

Nvidia launches China-specific RTX 4090D Dragon GPU, sanctions-compliant model has fewer cores and lower power draw

Nvidia has officially launched a new China-exclusive counterpart to the RTX 4090 dubbed the RTX 4090D with specs cut to bypass export regulations.

Xiaomi's first electric car revealed to be a serious Tesla rival

The Xiaomi SU7 promises sports car looks and up to 500 miles of range

Kiplinger

As Foreign Policy Battles Ramp Up, is the U.S. Defense Industry Ready?

As the threat landscape heats up, this special issue of the Kiplinger Letter reviews the challenges facing the defense industry.

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news in one place.

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Caixin Global

Ex-Central Bank Official in China Sentenced to Prison for Leaking State Secrets

Sun Guofeng also took bribes and engaged in insider trading, the country’s top prosecutor says

TechRadar

OnePlus confirms that its new 'flagship' wireless earbuds are arriving on January 4

OnePlus has officially announced that the OnePlus Buds Pro 3 will be unveiled next Thursday in China.

The Independent UK

China reaffirms its military threats against Taiwan weeks before the island's presidential election

Weeks before Taiwan holds elections for its president and legislature, China has renewed its threat to use military force to annex the self-governing island democracy it claims as its own territory

Al Jazeera

China accuses Taiwan of ‘hyping up’ military threat ahead of elections

Taiwan’s presidential and parliamentary polls on January 13 are expected to shape the island’s relations with Beijing.

The Independent UK

Indian foreign minister meets Vladimir Putin despite western concerns

India-Russia relationship, rooted in defence collaborations, is increasingly facing strains amid concerns that Moscow’s pariah status may drive it closer to China

Caixin Global

China Boots Three Arms Executives From Top Political Advisory Body

Chinese People’s Political Consultative Conference decides to revoke the membership of executives from three state-run missile-makers, following recent leadership shakeups in the military

Al Jazeera

China asks citizens to evacuate Myanmar border area over security risks

Fighting continues in restive border area despite Beijing’s attempts to broker truce between military, armed groups.

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