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The Latest Breaking News from Beijing

As the West mulls slowing AI down, will China follow suit or pull ahead?

Employees at OpenAI, Anthropic and other top labs want Washington to help pace the AI race. China has spent the year closing the gap, building a rival governance body and betting on open-source models instead.

Euronews

Moonshot AI closes $3.5 billion funding round to hit $35 billion valuation

The Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, people familiar with the matter said. The National Artificial Intelligence Industry Investment Fund — the state vehicle that’s also a backer of DeepSeek’s — was among the lead investors in the round,…

The Economic Times

China is throwing a 1-2-3 punch at the global AI trade

In quick succession, China has thrown a powerful 1-2-3 punch at the global AI trade. On July 16, Beijing-based startup Moonshot AI released the Kimi K3 model with performance that rivals top-tier offerings from OpenAI and Anthropic.

The Economic Times

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Pop Mart takes Labubu from toy shelves to bakery counters

Beijing's Pop Mart is opening its first international bakery in Singapore. The company is transforming popular characters into edible pastries and beverages. This move diversifies their business beyond toy manufacturing and sales. Pop Mart also plans future dessert shops across Southeast Asia. They aim to leverage intellectual property across various…

The Economic Times

US envoy Gor to visit Bangladesh as Dhaka deepens ties with Beijing

US special envoy Sergio Gor will visit Bangladesh on July 30. He will meet Prime Minister Tarique Rahman and the foreign minister. This visit follows Prime Minister Rahman's recent tour of China. The US seeks understanding of Bangladesh's foreign policy priorities. Washington remains concerned over China's economic corridor proposal.

The Times of India

Trump administration bans new Chinese humanoid robots, to protect US AI buildout

The United States has banned new Chinese robots and power inverters. These measures aim to protect national security and reshore key industries. The Federal Communications Commission announced these import restrictions on Tuesday. China urges the United States to stop threatening its companies with sanctions. Beijing will take necessary measures if…

The Economic Times

A machine made by China sends shockwaves in the chip industry

China has begun mass-producing its own lithography machines, challenging ASML's global dominance. This development marks a significant step towards Beijing's technological self-sufficiency goals. The move comes after years of US-led export controls on advanced chip technology. This breakthrough represents a milestone in China's semiconductor manufacturing capabilities.

The Economic Times

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China quietly shifts the rules for NZ as a New Cold War looms

From Otago University - Comment: Beijing is changing the terms of its relationship with Wellington as US-China strategic rivalry deepens, writes Nicholas Khoo.

Newsroom.co.nz

China's chip tool push shows ASML caught in US-China squeeze

On the one hand, US controls on exports of high-tech goods to China are threatening to reduce access to a major market; and on the other, Beijing's push for technological independence in areas such as chip production raises the possibility of a China-based competitor.

The Economic Times

India, China put border peace at centre during Foreign Secretary Vikram Misri's visit to Beijing

India and China reaffirmed border peace during Foreign Secretary Misri's Beijing visit. Discussions covered bilateral relations and deepening mutually beneficial cooperation. Both nations recognized the importance of preserving peace along their shared border areas. Recent months have seen measures aimed at restoring normalcy in bilateral ties. Diplomatic momentum follows troop…

The Economic Times

Britain promised to protect Hongkongers from China. Why does it now seem ready to sacrifice them?

Activists under threat from Beijing are facing strange difficulties with UK immigration. Their safety must not be traded for warmer relations with China, says pro-democracy activist Nathan Law

The Guardian - UK

Wham! 10 Days in China review – pop meets politics in George and Andrew’s great leap east

The duo’s groundbreaking 1985 tour reveals a strange collision of pop stardom and communism, a re-edit of Lindsay Anderson’s efforts that got him fired

The Guardian - UK

American Media On China's Payroll? Disclosures Name Prominent US Journalists in CCP-Funded Exchange Trips

An investigation by Natalie Winters uncovers alleged participation of US journalists in CCP-linked trips, raising concerns about foreign influence and transparency in media coverage of China.

International Business Times UK

Diplomatic snub? China and Japan clash over ASEAN encounter

China-Japan Foreign Ministers: China and Japan have offered conflicting accounts of whether their foreign ministers met during the ASEAN Regional Forum in Manila, highlighting worsening ties. Beijing denied any interaction despite Japan's claim of a brief exchange. The dispute reflects lingering tensions over Taiwan, strained diplomacy, declining tourism, and growing…

The Economic Times

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The Economic Times

Explainer: Why investors are betting big on China’s chipmaker CXMT

China's ChangXin Memory Technologies (CXMT) became the country's most valuable listed company after its shares surged 470% on their Shanghai debut. The blockbuster listing, Asia's largest IPO this year, highlights strong investor confidence in China's semiconductor ambitions as Beijing pushes for greater technological self-reliance amid global chip competition.

The Guardian - UK

‘I thought it didn’t stand a cat’s chance in hell’: Andrew Ridgeley on Wham’s surreal trip to China

Four decades after he and George Michael became the first western pop act to tour the country, Ridgeley recalls silent gigs, awkward embassy receptions – and the ‘bloody ludicrous’ hiring of Lindsay Anderson as director

The Times of India

'Xi, Putin assured they won't arm Iran': Trump says China, Russia keeping promise

Trump said Xi gave him the assurance during their recent meeting in Beijing, where the Chinese leader promised that neither the Chinese government nor its defence companies would provide military equipment to Iran. "President Xi, at our recent meeting in Beijing, China, told me that he would not, under any…

The Economic Times

Trump's new 12.5% China tariffs unlikely to trigger retaliation, say analysts

New United States tariffs on China may irk Beijing without provoking retaliation. These duties are in line with proposed levels citing inadequate efforts to address forced labor. China opposes unilateral tariffs but has not announced specific countermeasures against these levies. Chinese officials seek clarity from Washington on upcoming artificial intelligence…

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The Economic Times

Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say

Pakistan is exploring ways to revive stalled US-Iran talks following a push by China, with exploratory discussions held during Iranian Interior Minister Eskandar Momeni's visit to Islamabad. While Pakistan is seeking to mediate amid rising regional tensions, officials say a halt in attacks on Saudi Arabia and other Gulf states…

The Times of India

Saudi money, Chinese weapons, American patronage: Can Pakistan balance all three?

Pakistan pursues a complex foreign policy balancing China and Saudi Arabia. It also seeks to rebuild ties with Donald Trump's administration. Islamabad attempts to mediate between Washington and Tehran during regional crises. This diplomatic outreach occurs despite significant domestic economic and security issues. Sustaining these ambitions depends on internal stability…

The Economic Times

'There are Chinese projects on territories in J-K that belong to India': MEA objects to illegal occupation

India's Ministry of External Affairs accused China of illegally occupying Indian territories. Beijing's ongoing infrastructure projects in these regions also drew strong objections from New Delhi. This statement followed discussions between Indian and Chinese foreign ministers at the ASEAN summit. Chinese Foreign Minister Wang Yi highlighted previous positive engagements between…

Euronews

EU’s €1bn-a-day trade gap with China an 'unsustainable reality', says EU Parliament VP

Javi López, European Parliament vice-president, says the European Union's trade imbalance with China "cannot continue", with the bloc running a €1bn-a-day trade deficit.

The Independent UK

Pastor recounts ‘miracle’ release from Chinese prison after Trump intervened

Trump’s intervention came after he vowed to ‘save our Great Christian population’

Bangkok Post

PM defends stance on China

Prime Minister Anutin Charnvirakul dismissed Taiwan's criticism of Thailand's support for the One China policy on Thursday, saying Bangkok's position would not affect economic ties with Taipei.

The Economic Times

AI-led boom in IPOs raises concerns about a bust

This has been a banner year for stock listings, thanks largely to AI firms, but the massive size of the operations raises questions about whether the markets can continue to absorb them. AI is also driving the growth in listings by Chinese firms, as well as the tighter restrictions on…

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