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The Latest Breaking News from China

Rachel Reeves refuses to rule out emergency spending cuts amid economic crisis fears

Downing Street left door open to an emergency Budget in the spring following the rising cost of government borrowing

The Independent UK

TikTok Users Flock to App with Even Deeper Ties to China

TikTok users are flocking to an app with even deeper ties to China as the possible ban on the app approaches.

Latin Times

'Don't panic,' Chancellor Rachel Reeves urged after Pound's fall and rise in cost of Government borrowing

The Chancellor earlier rejected calls to pull out of a trip to China to deal with economic woes in the UK

Evening Standard

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4 reasons why the US might want to buy Greenland – if it were for sale, which it isn’t

President-elect Donald Trump has sparked diplomatic controversy by suggesting the U.S. needs to acquire Greenland for reasons of “national security” and refusing to definitively rule out using military force to do so. Greenland, a self-governing Danish territory, “is not for sale,” said Denmark’s prime minister, Mette Frederiksen.

The Conversation

Lightning strikes make collecting a parasitic fungus prized in traditional Chinese medicine a deadly pursuit

In the remote Qinghai-Tibetan Plateau, a rare fungus grows inside dead caterpillars. In traditional Chinese medicine, this parasitic fungus is prized for its purported medicinal effects. Known as Ophiocordyceps sinensis – colloquially, caterpillar fungus or “Himalayan gold” – it can fetch astronomical prices on the herbal medicine market: up to…

The Conversation

What is Xiaohongshu, the Chinese app also known as RedNote that’s topping the charts ahead of a possible TikTok ban?

TikTok refugees flocked to Chinese platform Xiaohongshu on Monday, where users greeted them with offers of Mandarin lessons and jokes about spying.

Fortune

'Take My Data': US 'TikTok Refugees' Flock To Alternative Chinese App

Furious at the prospect of a US government ban on social media platform TikTok, American users have flocked to another Chinese-owned app in droves, many with a defiant message: "Take my data!"

International Business Times

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Watch: Rachel Reeves addresses controversial China trip amid market turmoil

Watch as Rachel Reeves answered questions in the House of Commons on Tuesday, 13 January, after returning from a trip to China criticised by political opponents for coinciding with a week of volatility for the pound and soaring yields on UK bonds.

The Independent UK

Nvidia says latest US restrictions on China AI chips will ‘stifle competition’

New AI tech regulations are designed to enhance national security, but have been branded as a competition stifling measure to keep the US ahead.

TechRadar

China 'Discriminating' Against European Medical Devices In Tenders: EU

The EU accused China on Tuesday of discriminating against European medical device producers in public contracts and warned of "decisive action" unless the issue can be resolved through dialogue with Beijing.

International Business Times

3 Stocks to Benefit From China’s Rare Earth Export Ban on U.S.

China flexed its dominance by banning certain rare earth elements for export to the United States, but some companies may actually benefit from the decision.

MarketBeat

China's SpacemiT develops 64-core RISC-V datacenter CPU — 12nm chip allegedly performs like a 10-year old Xen or Opteron but with higher core count

SpacemiT's VitalStone V100 has 64-cores, but its single-thread performance is comparable to that of 2011 processors.

Tom’s Hardware

As TikTok Ban Looms, Chinese App RedNote Races To No. 1 Spot On Apple App Store

The situation has become increasingly ironic, with users flocking to a Chinese app even as the U.S. government seeks to ban TikTok over concerns of data theft by China. Users are laughing at the paradox of trying to avoid one Chinese app by embracing another.

International Business Times

Cleveland-Cliffs CEO blasts ‘evil’ Japan, home of rival Nippon Steel: ‘You did not learn anything since 1945’

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Fortune

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Fortune

Biden just gave Trump a powerful weapon to use against EU tech regulation

Some EU countries will have to negotiate with Trump if they want large amounts of cutting-edge AI chips.

Fortune

Inside SandboxAQ the $5.6 billion Alphabet AI spinoff that invents new products

Also: Nvidia spares no words for Biden, BofA CEO shuns risk.

Top News

Concerns Rise Over Underwater Cable Attacks By Russia And China

Recent underwater cable sabotage incidents in the Baltic and South China Seas raise concerns of Russian and Chinese involvement, prompting increased survei...

Fortune

Biden argues China ‘will never surpass us’, as Washington aligns on being tough on Beijing

Biden's final foreign policy featured harsh rhetoric on China, as Washington embraces tough-on-China policies.

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The Guardian - UK

Chinese officials reportedly discuss sale of TikTok in US to Elon Musk

Tech company rejects as ‘pure fiction’ a report that a deal could take place if it fails to avoid an impending ban

The Independent UK

TikTok responds after reports app could be sold to X owner Elon Musk

It has been reported that Chinese officials are considering selling the platform’s US arm to the billionaire if it cannot avoid an impending US ban.

Evening Standard

China 'discussing sale of TikTok to Elon Musk' amid fears of US ban

TikTok says reports of sale to X owner are ‘pure fiction’

International Business Times

TikTok Calls Report Of Possible Sale To Musk's X 'Pure Fiction'

TikTok on Tuesday labeled as "pure fiction" a report that China is exploring a potential sale of the video-sharing platform's US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.

The Independent UK

China is pushing the Philippines `to the wall' with aggression in the South China Sea, Manila says

A Philippine security official says China is “pushing us to the wall” with growing aggression in the disputed South China Sea and warned that “all options are on the table” for Manila’s response, including new international lawsuits

Evening Standard

Reeves faces grilling from MPs amid market turmoil

The Chancellor will answer questions in the Commons for the first time since her return from a trip to China.

The Independent UK

China in talks to sell TikTok to Elon Musk, reports say

Parent company of video app called reports ‘pure fiction’

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