China News

For China’s leadership, the most urgent lesson of modern military power comes not from a foreign manual but from its own history books. Its catastrophic defeat by Japan in 1895, born of internal corruption, forms the invisible backdrop to every Chinese showcase of modern hardware. The recent live-fire drill around Taiwan code-named Justice Mission 2025 – a forceful display of Beijing’s resolve to achieve reunification and deter any challenge to its core interests – was no exception. To Beijing,...

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Chinese drug makers’ licensing deals more than doubled in 2025 from a year earlier to a record high, propelled by dozens of multibillion-dollar agreements between Hong Kong and mainland China-listed firms and global pharmaceutical giants. Last year, 157 out-licensing deals worth US$135.7 billion were signed, compared with 94 transactions worth US$51.9 billion in 2024, state media reported, citing data released by the National Medical Products Administration (NMPA), China’s drugs regulator, last...

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Offshore bondholders of distressed developer China Vanke could face near-total losses in a worst-case scenario, according to Barclays, underscoring the deepening risks in mainland China’s property sector. In a base-case scenario, bondholders may recover just 10.1 per cent of what they were owed, roughly half what already deeply distressed market prices suggested, the British bank said in a report. However, in a worst-case scenario, assuming lower proceeds from onshore assets and netting out...

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As the new year unfolds, China finds itself grappling with strategic pressures fuelled by two US treaty allies at its doorstep – Japan and South Korea. In the second of a two-part series, Seong Hyeon Choi looks at how competing pressures in the Korean peninsula may complicate China’s security calculus. Read the first part here. In 2025, there was a major shift in China’s security environment relating to the Korean peninsula, as the North grew more open in its push for nuclear weapons and the...

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At the recent South Korea-China summit, both sides agreed to improve dialogue, rebuild trust and promote regional peace and stability, marking a first step towards a normalisation of relations. While the Beijing meeting produced no concrete agreement for peace on the Korean peninsula, it reaffirmed the peninsula’s stability and peace as a common interest – paving the way for cooperation. The prolonged stalemate over North Korea’s nuclear programme is no longer just a diplomatic impasse. The...

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After years of competing head-to-head with China in electric vehicles, the United States is now widely seen as falling behind – a reality increasingly acknowledged even within Detroit. When asked about the topic recently on a podcast, US carmaker Ford’s own CEO said: “There’s no real competition from Tesla, GM or Ford with what we’ve seen from China. It is completely dominating the EV landscape globally and more outside China.” For much of the past decade, the global electric vehicle market was...

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The White House on Wednesday stopped short of denying reports that the United States has urged Venezuela to cut ties with adversaries such as China, Russia and Iran, instead emphasising Washington’s determination to maintain “American dominance” in the western hemisphere. Press Secretary Karoline Leavitt cited frequent leaks coming out of classified briefings and stated she would “not confirm or deny or get into what the Secretary has said in classified settings to members of Congress.” However,...

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Donald Trump’s renewed threats to take over Greenland could pose a direct challenge to China’s ambitions in the Arctic, but some observers say it may also open the door to increased cooperation with Europe. Following the abduction of Venezuela’s former leader Nicolas Maduro, the White House swiftly turned its attention towards the self-governing Danish territory, adding that “of course, utilising the US military is always an option at the commander-in-chief’s disposal”. On Sunday, the US...

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China has denounced the United States for its “blatant interference” in Venezuela, accusing it of violating international law and infringing upon the country’s sovereignty following Donald Trump’s statement that America would take its oil. Chinese foreign ministry spokeswoman Mao Ning on Wednesday described America’s actions in the South American country as breaching international norms. “Venezuela is a sovereign state and has full permanent sovereignty over all its natural resources and...

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China’s state-backed lithography champion Shanghai Micro Electronics Equipment (SMEE) has reshuffled its business, divesting a manufacturing arm as it sharpens its focus on research in Beijing’s push for chip self-sufficiency. SMEE – widely seen as China’s best chance of closing the gap with Dutch lithography giant ASML – had transferred 100 per cent of its subsidiary Shanghai Weiyao Industrial to AMIES Technology, according to updates on corporate database Qichacha. The deal was priced at 228.5...

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As the period covered by China’s next five-year plan begins, the official newspaper of the country’s ruling Communist Party urged local governments to curb the herd behaviour that could fuel “involution” – the fierce competition that has driven down prices and undermined sustainable growth within several industries. “China has a vast territory, and the imbalances between regions and between urban and rural areas remain significant. There is no one-size-fits-all solution for high-quality...

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When Donald Trump alluded to the Group of Two before meeting Chinese President Xi Jinping in South Korea in October, his choice of phrase was widely seen as Washington’s acceptance of Beijing as its peer. Diplomatic observers said the US leader’s terminology at the time was ill-suited for Beijing’s strategic calculus. And following America’s military operation in Venezuela, China would appear more likely to reject any talk of a G2, they added. Analysts also said Beijing would seize on the...

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China is expected to avoid direct confrontation with the United States following the assault on Venezuela, but analysts said Beijing might try to capitalise on the unease created among Latin American countries to deepen economic and diplomatic ties. Beijing had already been expanding its influence in the region through investments and trade, but these interests now face a direct challenge from Washington’s increasing assertiveness, with President Donald Trump saying the US is now “in charge” of...

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Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market and sluggish consumer spending, which have dampened demand for its goods. Following a comprehensive review, Ikea China said the seven stores would cease operations from February 2. These are located in Shanghai’s suburban Baoshan district, Guangzhou, Tianjin, Nantong and Xuzhou in eastern Jiangsu province, Ningbo in eastern Zhejiang province and Harbin in...

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China has launched an anti-dumping investigation against Japan over a crucial chemical for chipmaking, marking a new escalation in tensions between Beijing and Tokyo. The investigation, set to run for one year with a possible extension of six months, targets dichlorosilane – a chemical that is primarily used in thin-film-deposition processes in semiconductor manufacturing and which plays a key role in the production of various types of chips, according to a notice from the Ministry of Commerce...

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Chinese President Xi Jinping has called for “patience” over North Korea’s nuclear programme, the South’s President Lee Jae Myung said on Wednesday. Speaking during a visit to Shanghai, Lee said he had asked Xi to act as a “mediator for peace” on the Korean peninsula, including on the nuclear issue. He said all channels between the North and South had been blocked and there was “zero trust” between the two sides. “President Xi noted the efforts until now and said patience is needed,” Lee said. He...

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China’s central bank has reiterated its commitment to a “moderately loose” policy stance in 2026, pledging stronger countercyclical and cross-cycle adjustments and signalling flexible and efficient use of reserve requirement ratio (RRR) cuts and interest rate reductions to support a strong start to the 15th five-year plan. At a work conference outlining priorities for the coming year, the People’s Bank of China also highlighted goals including a reasonable recovery in prices, mitigating...

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The United States’ forcible removal of Venezuelan president Nicolas Maduro from power has reignited a debate over international law and sovereignty. But this risks obscuring a more consequential fact: global energy markets are not governed primarily by liberal market logic, but are shaped by geopolitical strategy. Venezuela matters less as a case in itself than as a signal of how energy is being repositioned amid intensifying US-China economic competition. For decades, many assumed that energy...

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Taiwanese rescuers have stepped up the search for a missing airforce pilot who reportedly parachuted out of an F-16V fighter jet on Tuesday evening, according to local media. The pilot took off at 6.17pm on Tuesday for routine nighttime flight training then parachuted from the aircraft at around 7.29pm near Hualien county, after which all contact was lost, according to Taiwan’s Central News Agency. The pilot, Hsin Po-yi, graduated from the island’s Air Force Academy in 2019. He had logged more...

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Beijing has added Taiwan’s interior minister and education minister to its sanctions list of “stubborn Taiwan independence figures” for behaviours it said undermined cross-strait relations and promoted Taiwan independence. Chen Binhua, spokesman for Beijing’s Taiwan Affairs Office (TAO), said at a press conference on Wednesday that the interior minister Liu Shyh-fang and education minister Cheng Ying-yao had been designated as “stubborn Taiwan independence figures”. Liu and Cheng are cabinet...

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Chinese researchers have developed a revolutionary form of hybrid rice that can replicate itself through seeds that are clones, faithfully preserving high-yield traits generation after generation. The team says its breakthrough could transform global agriculture by dismantling the biggest barrier to hybrid rice production: the need for farmers to buy expensive new hybrid seeds every season. As hundreds of millions of people around the world face acute food insecurity, hybrid rice has promised...

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A powerful aerospace simulation tool developed by Chinese researchers may have exposed potential vulnerabilities in the design of the United States’ most advanced stealth bomber, the B-21 Raider. The “all-in-one” PADJ-X software system, based on adjoint optimisation technology, was unveiled last month in a paper published by the peer-reviewed Acta Aeronautica et Astronautica Sinica. The system, which may be the first fully integrated, multidisciplinary platform for stealth aircraft design, uses...

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China’s new high-power microwave system to counter drones has a longer range than its US military equivalent, according to its developer. The truck-mounted Hurricane 3000 was showcased during China’s huge military parade in September. This week its developer – state-owned defence contractor Norinco – disclosed some details of the weapon system for the first time. “Its effective interception range exceeds 3km [1.86 miles] against light and small [unmanned aerial vehicles] and drone swarms,...

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Irina Zhou’s five-year-old cat has gained about a kilogram every year for the past three years. She knows the extra weight puts her pet at risk of obesity-related diseases and could even shorten his life. “My parents just can’t bear to see the cat go hungry,” the 29-year-old Zhou said. “If the weight starts to affect his health, I might consider trying weight-loss medicines for him.” The idea of using obesity drugs for pets drew public attention after Fosun Pharma’s unit Yao Pharma signed a...

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Shanghai has announced a slew of new investments in hi-tech industries ranging from chips to artificial intelligence (AI) and aviation, becoming the latest Chinese city to unveil ambitious plans to boost local innovation amid an intensifying US-China tech race. The city’s Pudong district unveiled 50 big-ticket projects worth more than 70 billion yuan (US$10 billion) combined on Monday, with most of the investment earmarked to flow into key industries including microchips, AI, biopharmaceuticals,...

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