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The Latest Breaking News from China

Yuan Growing in Use in Cross-Border Trade: The Kiplinger Letter

Transactions settled in yuan, between China and the rest of the world, have grown by 24% in the first three quarters of this year alone.

Kiplinger

Polkadot Price Decline, Reaching Record Low

Polkadot rate has plummeted to its lowest in six months, falling below .39 due to regulatory concerns and China's crackdown on mining

Top News

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As COP28 debates phrasing on fossil fuels, a snapshot of life near India’s coal mines

The 197 countries and the European Union in attendance almost did not reach a consensus on the final statement at the 28th Conference of Parties – or COP28 – which ended on December 12 in the United Arab Emirates. Organised by the United Nations to build international consensus on how…

Newslaundry

Vinod Khosla sees risk ahead but it’s not AI he's most worried about

Khosla agrees that the Biden Administration made the right move in cutting off advanced chips to China.

Fortune

China’s space programme: Five things to know

Since the December 14, 2013 landing, China has built a crewed space station, sent a robotic rover to Mars and become the first nation to make a controlled landing on the far side of the Moon.

The Hindu

Tibet is ‘dying a slow death’, warns head of Tibetan government-in-exile

In an interview with FRANCE 24, the president of the Tibetan government-in-exile warned that Tibet is "dying a slow death". Penpa Tsering said that Chinese government policies are aimed at the "eradication" of Tibetan identity. Among them, Tsering cited the policy of forcible schooling of some 1 million Tibetan children…

France 24

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Scientists see risk of lost opportunity for long COVID research in China

With more than a full year past since China eased restrictions and let COVID-19 sweep its households, scientists are worried a unique opportunity may be slipping away to study long COVID from possibly hundreds of millions of infections in that country.

The Hindu

Struggling Chinese developer Country Garden is slashing the salary and benefits of its top executives—with one getting a 96% pay cut

Country Garden announced pay cuts for four of its top executives as it scrambles to avoid defaulting on more debt.

Fortune

China Cancels Thousands of Flights as Snow Blankets North

More than 4,330 passenger flights were canceled Wednesday and a further 1,278 on Thursday morning as blizzards hit from Xinjiang to Beijing

Caixin Global

China's economy is forecast to slow sharply in 2024, the World Bank says, calling recovery 'fragile'

The World Bank is forecasting that China's economy will slow next year, with annual growth falling to 4.5% from 5.2% this year

The Independent UK

Vietnam and India are bright spots for Hilton as Asian travel comes roaring back—and Chinese tourists stay home

Bali, three times a year? Asia's travelers are increasingly from Asia, and traveling more often, says Hilton's Asia president.

Fortune

Japan, UK and Italy formally establish a joint body to develop a new advanced fighter jet

The defense ministers of Japan, Britain and Italy have signed an agreement to establish a joint organization to develop a new advanced jet fighter, as the countries push to bolster their cooperation in the face of growing threats from China, Russia and North Korea

The Independent UK

Shanghai Composite Index Fell 0.33% on Thursday

Shenzhen Component Index closed down 0.62%

Caixin Global

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International Business Times

China's Space Programme: Five Things To Know

When Chang'e-3 became the first Chinese craft to land on the Moon 10 years ago, it kicked off nationwide celebrations -- and a decade of major successes for a rapidly accelerating space programme.

The Hindu

Cold wave grips northern China as temperatures in south plummet

Powerful cold wave sweeps across China, bringing record low temperatures and gale warnings.

Windows Central

"We can't gamble with our national security by depending solely on one part of the world or even one country for crucial advanced technologies." US doles out paltry $35 million, warns of possible delays in Intel and TSMC fab buildouts

Hundreds of companies have applied for government aid to help America compete in Chip manufacturing, but this delay in funding could lead to a delay in fab buildouts.

The Hindu

Morning Digest | MHA sets up committee to probe Parliament security breach; U.S. House approves impeachment inquiry into President Biden, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on December 14, 2023

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International Business Times

Chinese Mourners Use AI To Digitally Resurrect The Dead

At a quiet cemetery in eastern China, bereaved father Seakoo Wu pulls out his phone, places it on a gravestone and plays a recording of his son.

Al Jazeera

‘Fighting is all around’: Myanmar faces deepening humanitarian crisis

Local aid groups are providing desperately needed assistance to thousands displaced across the country.

USAFacts

What are the top US exports to China?

Soybeans were the nation’s top export to China in 2022, making up 11.6% of overall export value.

Tom’s Hardware

A record 10,900 Chinese semiconductor companies shut down in 2023.

Chicago Sun-Times

Afternoon Edition: New police union contract approved at tense City Council meeting

Plus: Plans for Thompson Center makeover, how the Chinatown Gateway became a Chicago icon and more.

Tom’s Hardware

US officials doubt China's SMIC foundry can produce enough 7nm chips to satisfy Huawei's demand

U.S. officials say that while SMIC can make 7nm chips, their performance is lower than those of rivals, and their volumes may be lower than Huawei needs.

The Hindu

Gaza, a new pointer to India’s changed world view

With Russia a decreasingly useful partner in global geopolitics, and China nibbling away at India’s disputed frontier with it, the makings of a fundamental diplomactic reorientation have become clear

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