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The Latest Breaking News from China

Ahead of a ‘Beat and Raise’ Quarter, Should You Buy Nvidia Stock?

Wall Street bets on another Nvidia blowout, but rich valuations mean even a small miss could spark a sharp pullback.

Barchart

Starbucks is the latest Western brand to change tactics in China

Now the CEO can devote more time to turning around Starbucks’ U.S. business.

Fortune

Trump administration and private investors sign off on $1.4 billion deal with rare earth startups

The Trump administration and private investors are partnering with two rare earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that is crucial for producing an array of high-tech goods and military equipment

The Independent UK

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How China spreads authoritarian practices beyond its borders

Protests erupted in Bishkek, the capital of Kyrgyzstan, in October 2020 following disputed parliamentary elections. Only four political parties out of 16 had passed the threshold for entry into parliament. Three of these had close ties to the country’s then-president, Sooronbay Jeenbekov.

The Conversation

China accuses Dutch of prolonging chip war that threatens to halt car factories

Beijing tells Netherlands to ‘stop interfering’ after seizure of chipmaker Nexperia as export bans disrupt supply chain

The Guardian - UK

This Company Makes 65 Percent of the Wi-Fi Routers in U.S. Homes. The Government Wants To Ban Them.

Just like with TikTok, lawmakers may soon ban a popular consumer product over fears of what it could potentially be used for.

Reason

Chinese provinces offer steep power discounts to AI companies using China-made chips — country continues its aggressive push towards AI independence and homegrown silicon

Chinese provinces offer steep power discounts to AI companies using domestic chips

Tom’s Hardware

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Three nations on notice after assassination revelations

The nation's spy boss has vowed to take action after revealing foreign nations were "willing and capable" of ordering killings on dissidents in Australia.

AAP

China's Bold Move To Boost AI Competition - Cut Energy Costs for Homegrown Tech

Artificial intelligence chip companies including Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), Marvell Technology Inc (NASDAQ:MRVL), Advanced Micro Devices Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Micron Technology Inc (NASDAQ:MU), Arm Holdings plc (NASDAQ:ARM), Intel Corp (NASDAQ:INTC) were under pressure on Tuesday.

Benzinga

China Defends Cooperation With Venezuela, Rejects 'Use Or Threat Of Force In International Relations'

The Chinese government defended its ties with Venezuela, saying it "constitutes normal cooperation between sovereign states" and rejected "the use of threat of force in international relations" as the Trump administration escalates pressure against the South American regime.

Latin Times

European Union welcomes suspension of China's rare earth controls

The European Union says it has reached an agreement with China to stabilize the flow of rare earth materials crucial for high-tech and military products

The Independent UK

Donald Trump Says China 'Is Getting Big Into Crypto Right Now'—But Is That True?

President Donald Trump said he wants to ensure the United States remains the world leader in crypto, warning that China is trying to seize control of the industry.

Benzinga

Singles’ Day is a $150B holiday in China. Here’s why I think ‘11/11’ will catch on in the US

On Nov. 11 each year, a curious holiday takes over China. What began among Nanjing University students in the 1990s as a tongue-in-cheek counter to Valentine’s Day has exploded into the world’s largest shopping event: Singles’ Day.

The Conversation

Delivery And Value Meals Drive Pizza Hut, KFC Revenue In China

Yum China Holdings, Inc. (NYSE:YUMC) reported third-quarter adjusted earnings per share of 76 cents, beating the analyst consensus estimate of 74 cents.

Benzinga

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The Independent UK

Australian spy chief criticizes China for IP theft and political meddling

An Australian spy chief has accused Chinese security services of widespread intellectual property theft and political meddling

International Business Times

Australia Just Helped China's Nuclear Program — And Nobody Noticed Until Now

Australia supplies 74% of the world's zirconium reserves, critical for nuclear fuel rods and hypersonic missiles. Chinese firms now control major Australian mines despite AUKUS security partnership. Investigation reveals 300% increase in China's zirconium exports to Russia since Ukraine war began.

Barchart

Stock Index Futures Plunge on Valuation Concerns

December S&P 500 E-Mini futures (ESZ25) are down -1.01%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -1.31% this morning as quarterly results from AI bellwether Palantir failed to impress investors and Wall Street executives cautioned about a potential correction due to sky-high valuations.

Total Film

Demon Slayer: Infinity Castle gets a surprise China release, meaning $1 billion at the box office is back on the table

Will Demon Slayer dethrone Minecraft?

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The Independent UK

China blames Netherlands for chip supply tensions amid Nexperia standoff

China's Commerce Ministry has blamed the Netherlands for what it called “chaos” in the semiconductor supply chain

The Independent UK

Pakistan hits back at Donald Trump after he accuses US ally of testing nuclear weapons

US president claims China, Russia, Pakistan and North Korea are all testing nuclear weapons

Benzinga

China Cuts Data Center Energy Costs By 50% With Major Subsidies To Boost Domestic Chip Industry: Report

China has boosted subsidies for major data centers, slashing their energy bills by up to 50% to support domestic chipmakers and strengthen global competitiveness, according to a report.

Euronews

First-class beauty: Prix Versailles picks the world's best looking train stations

The Prix Versailles World Ceremony has picked its 'magnificent seven' passenger stations as the world's most beautiful train and metro stops. From Australia to Belgium via Saudi Arabia, the prizes show the jury's penchant towards modernity.

The Independent UK

Starbucks sells majority stake in China business as local competitors eat into market share

American coffee chain’s market share in China fell sharply to 14 per cent last year from 34 per cent in 2019

Benzinga

Peter Schiff Blasts Trump's China Narrative On Crypto: Beijing Has No Interest In Leading The World In 'Ponzi Schemes'

Economist Peter Schiff mocked President Donald Trump’s focus on making the U.S. a global leader in cryptocurrency on Monday, dismissing the sector as a decentralized "Ponzi scheme."

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