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The Latest Breaking News from China

White House U-turn on Nvidia H200 AI accelerator exports down to Huawei's powerful new Ascend chips, report claims — U.S. committed to 'dominance of the American tech stack'

According to a new report, the Trump Administration's U-turn on allowing exports of the Nvidia H200 AI accelerator chip is down to competition from China's native Huawei, which offers comparable power.

Tom’s Hardware

Trump Allows Nvidia to Sell Faster Chips to China, But There's a Costly Catch

Nvidia can now sell its faster H200 chips to approved buyers in China under Trump's new rules, but a steep 25% tariff adds a major twist to the deal.

International Business Times

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

The Independent UK

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Stock Index Futures Muted Amid Caution Ahead of Fed Rate Decision

December S&P 500 E-Mini futures (ESZ25) are down -0.01%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.05% this morning as investors refrain from making big bets ahead of the Federal Reserve’s final interest rate decision of the year, with all eyes on the central bank’s outlook for interest…

Barchart

Vishwaguru delusions: India lacks the clout to shape a world in flux

At the end of a year of many setbacks for the Modi government’s foreign policies, Russian President Vladimir Putin’s recent visit aptly captured the Indian effort to find its centre of gravity in an era of massive geopolitical upheavals.

Newslaundry

UN says Hong Kong using ‘draconian’ security laws against citizens calling for accountability after fire

Authorities arrest at least four people after warning ‘anti-China disruptors’ against attempts to ‘exploit’ tragedy

The Independent UK

China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.'s bid to buy Warner Bros Discovery

The Independent UK

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FTSE 100 Live 10 December: Berkeley boss urges faster rate cuts, FirstGroup lands rail contract

Interest rate cut speculation in the US is set to keep FTSE 100 traders on edge today.

Evening Standard

Japan and South Korea scramble fighter jets in response to China and Russia’s joint patrols

Japan says China and Russia’s show of force raises ‘serious concern for our national security’

The Independent UK

Business Brief (Dec. 10): China Addresses Rare Earth Export Delays to Japan

Silver hits record high, former Huarong executive executed

Caixin Global

Why is Trump so obsessed with Venezuela? His new security strategy provides some clues

Two centuries ago, US President James Monroe declared the Western Hemisphere off-limits to European powers in what would became known in history books as the “Monroe Doctrine”.

The Conversation

China breaks record with 3 Long March rocket launches in 19-hour stretch (video)

China just launched three Long March rockets in less than 19 hours, setting a new national mark for liftoff cadence.

Space

Trump opens door for Nvidia in China — but both the market and Beijing shrug

Trump is now allowing Nvidia to sell its H200 chips to China.

Axios

Trump’s smoke-and-mirrors farmer bailout won’t make this self-inflicted wound disappear, experts warn

NEWS ANALYSIS: Trump’s USDA chief argues that farmers need a bailout — but insists Trump isn’t responsible. The president’s critics say his trade war is obviously the reason, writes John Bowden

The Independent UK

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Space

Chinese astronauts inspect damaged Shenzhou 20 spacecraft during 8-hour spacewalk (video)

Two Chinese astronauts installed more debris shielding on the Tiangong space station and assessed the damage to the attached Shenzhou 20 spacecraft during a spacewalk on Tuesday (Dec. 9).

Axios

How China is shackling Trump's cyber agenda

The administration has reportedly paused plans for Salt Typhoon sanctions over trade talks.

Fortune

Trump’s $12 billion farmer bailout is a 'Band-Aid on a bigger wound' the American agriculture industry is still reeling from

“At the end of the day, the farmers, they just want to conduct business, not necessarily have to get these packages,” one agricultural economist said.

TechRadar

Trump set to allow Nvidia H200 chips to be exported to China

Nvidia can do some business with China via H200 exports, but Blackwell and Rubin are still banned.

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PC Gamer

The US gov shut down a $160 million smuggling operation trying to get Nvidia H200 chips into China and also, err, says the GPUs won't be restricted anymore

Ouch, that's gotta hurt.

Benzinga

Nvidia Agrees To The 'Dragon Fee' — Is A 25% Trump Tax Worth The Shot At Unrivaled Market Dominance?

Nvidia Corp (NASDAQ:NVDA) just signed up for what traders are calling the ‘Dragon Fee’ — a built-in 25% Donald Trump-imposed skim on U.S. AI chip revenue tied to China. The catch-and-release policy lets Nvidia keep shipping H200 accelerators into the world's fastest-growing AI market, but only if Jensen Huang agrees…

Reason

Ignore the Entertainment Companies

Plus: Lost Vegas, Gen Z listlessness, Kushner mystique, Nvidia goes to China, and more...

The Conversation

War of words between China and Japan is fuelling real tension in the Asia-Pacific region

In a now deleted social media post, the Consul General of the People’s Republic of China to the Japanese city of Osaka recently threatened to “cut off” Japanese Prime Minister Sanae Takaichi’s “filthy head.”

International Business Times UK

What Is a Chinese Fat Prison and What Exactly Happens on the Inside?

An Instagram user's detailed posts reveal the strict routine, low cost, and closed-gate system behind a month-long Chinese weight-loss programme.

Tom’s Hardware

Trump approves Nvidia H200 exports to China, with 25% fee attached — report suggests that companies will have to follow strict Beijing rules to import foreign chip, AMD and Intel to benefit from policy shift

The U.S. will allow Nvidia to export its H200 data center accelerators to “approved customers” in China, President Donald Trump announced on Monday.

Tom’s Hardware

Two more perps apprehended over smuggling of $160 million of Nvidia chips to China — DOJ says H100 and H200 shipments were relabelled with a fictional brand to dodge export controls

Several suspects have been apprehended for allegedly violating export control laws regarding the supply of Nvidia H100 and H200 AI chips to China.

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