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The Latest Breaking News from the State Council

Nasdaq Futures Slip on Weak Tech Earnings and Valuation Concerns, U.S. ADP Jobs Report in Focus

December Nasdaq 100 E-Mini futures (NQZ25) are trending down -0.57% this morning as investors digested weak earnings from notable tech players such as Advanced Micro Devices and Super Micro Computer, while concerns over lofty tech valuations continued to weigh on sentiment.

Barchart

Yuan Stablecoin in Focus: Geopolitical Ambitions Meet Crypto Markets

According to Reuters, Beijing is considering launching a yuan-backed stablecoin. The first review will happen by the end of this month and be led by the State Council.

inkl

Is A Global Currency Reset Possible? China Moves In To Launch Yuan-Backed Stablecoins

Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global currency reset

International Business Times UK

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China Tightens Grip on Rare Earths to Ensure ‘Industrial Security’

New regulation stipulates that all entities involved in the industry must enter data into a new system for tracing rare earth products

Caixin Global

Chinese Officials Meet To Mull Support For Developers: Bloomberg

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

International Business Times

Nonbank Payment Providers Get Five Years to Comply With New Rules

Guidelines clarify issues of concern in the industry and detail measures for complying with the new rules

Caixin Global

Beijing Appoints New Sci-Tech Vice Minister

Long Teng, current president of the Beijing Institute of Technology, was appointed to the position Thursday, alongside other promotions including two new assistant public security ministers

Caixin Global

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China releases fourth list of 30 more names for places in Arunachal Pradesh

China releases fourth list of names for Arunachal Pradesh, India rejects claims, and U.S. recognises Indian territory.

The Hindu

Top French Court Studies Fate Of 'Europe's Largest' Hippo Jumbo

France's top administrative court is to decide if a three-tonne hippopotamus called Jumbo should be freed after decades working as "the largest hippo in Europe" for a family circus.

International Business Times

China Passes Law Granting Communist Party More Cabinet Control

China's new law grants Communist Party more control over State Council, impacting governance and political landscape.

Top News

CPI removes former Ernakulam district secretary P. Raju from all responsibilities

A meeting of the Ernakulam district committee of the Communist Party of India (CPI) held here on Wednesday decided to remove P. Raju, former district secretary, from all elected posts on charge of alleged financial irregularities.

The Hindu

Cabinet Vows Support to SMEs Traded on Beijing Bourse

State Council urges banks to boost lending to small and medium-sized businesses; cabinet aims to promote Beijing financial services, business on Beijing stock exchange

Caixin Global

China promotes economic ‘integration’ with Taiwan while militarily threatening the island

China is promoting new economic opportunities for Taiwanese people while at the same time ramping up military activity around the island it claims as its own

The Independent UK

France’s top court rejects appeal against ban on wearing abaya in schools

Action for the Rights of Muslims sought injunction against ban saying it was discriminatory and could incite hatred.

Al Jazeera

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Radio France Internationale

Top French court upholds ban on Muslim abaya robes in schools

France's highest administrative court on Thursday ruled the government's ban on abayas – a shoulder-to-toe over-garment – in schools was legal.

France 24

Top French court upholds ban on Muslim abayas in schools

France's highest administrative court ruled Thursday that a school ban on abayas, traditional over-garments worn by some Muslim women, was legal.

Radio France Internationale

French court to rule on legality of abaya Muslim dress ban

France's highest administrative court is to rule on Thursday whether a school ban on abayas, traditional over-garments worn by some Muslim women, is legal.

Caixin Global

China Seeks Feedback From Private Sector on What It Can Do Better

The State Council has launched a platform asking private businesses to share the difficulties they face in bid to bolster confidence and fuel economic recovery

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Radio France Internationale

French climate protest group vows to fight on despite order to disband

Protests are planned and a legal battle is taking shape after the French government outlawed a climate activist group that it accuses of instigating violence and vandalism at demonstrations around France.

Reuters

China says it will resume group tours for Taiwan residents to mainland

China will allow travel agencies to resume organising group tours for Taiwan residents to visit the mainland from Friday, said Ma Xiaoguang, a spokesperson at China's Taiwan Affairs Office of the State Council.

Caixin Global

Opinion: China’s Latest Financial Overhaul Marks Shift From U.S. Model, but Risks Remain

A financial system lacking commercial independence will likely become a new area of concern

Bangkok Post

Punishments of organisations advocating 'Taiwan independence' announced

BEIJING: The Taiwan Affairs Office of the State Council on Friday announced punishments against the Taiwan "Prospect Foundation" and "Council of Asian Liberals and Democrats" for advocating Taiwan independence.

Radio France Internationale

French court orders fishing bans to protect dolphins on Atlantic coast

France's top administrative court has ordered the government to ban fishing in parts of the Atlantic to protect dolphins.

The Independent UK

Ignoring experts, China's sudden zero-COVID exit cost lives

Health experts proposed detailed plans for a gradual end to anti-virus controls, but the Chinese government rebuffed them and dropped restrictions in December with no preparations to cope with the chaotic aftermath, The Associated Press has found

Al Jazeera

China’s NPC: Who are the top men tapped to support Xi Jinping?

China’s National People’s Congress wrapped up on Monday after announcing a host of top officials that will assist Xi.

People

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