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The Latest Breaking News from China

Biden Administration Awards Billion To Boost EV Battery Production

Biden administration allocates billion to boost U.S. EV battery production, aiming to reduce China's dominance.

Top News

China is a ‘fire-breathing dragon on government steroids’ whose tech will surpass Western firms in a decade, U.S. think tank says

A report from the Washington-based Information Technology and Innovation Foundation argues China is already ahead of the U.S. in some industries.

Fortune

China To 'Gradually Resume' Seafood Imports From Japan After Fukushima Ban

China said Friday that it would "gradually resume" importing seafood from Japan after imposing a blanket ban in August last year over the release of water from the disabled Fukushima nuclear plant.

International Business Times

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Shanghai Composite Index Ended Nearly Flat on Friday

Shenzhen Component Index closed down 0.15%

Caixin Global

France and Japan hold joint military exercises in signal to China, Russia

The French army is taking part in joint drills with Japanese forces this week for the second year in a row. Named after a 19th-century military collaboration between the two countries, the Brunet-Takamori exercises send a message to China and Russia about Japan's expanding defence partnerships with other countries.

Radio France Internationale

Biden Opens Home To 'Quad' Leaders For Farewell Summit

US President Joe Biden will host the leaders of Australia, Japan and India at his Delaware home this weekend to bid farewell to the so-called "Quad" group that he has pushed as a counterweight to China.

International Business Times

Is life getting better for China’s tech billionaires?

According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion, placing him 27th globally.

The Conversation

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Albanese to meet with Biden ahead of Quad summit

The prime minister will hold talks with the outgoing US president before the Quad leaders meeting, where security in the Pacific will be on the agenda.

AAP

India is in the midst of an electric vehicle revolution – and Australia should tap in

You don’t have to be in India long to appreciate just how dramatic its electric vehicle revolution is. Whether it’s electric two-wheelers or trucks, buses or bicycles, they are hard to miss.

The Conversation

Ford CEO's haunting visit to China triggered its radical EV shift

Jim Farley and other Ford execs saw the writing on the wall.

The Street

As the Quad meets again, is it all optics and no substance?

This weekend, the four leaders of the Quad will once again convene, this time in US President Joe Biden’s hometown of Wilmington, Delaware. The summit will double as a send-off for two of the leaders – it will be one of Kishida Fumio’s last acts as Japan’s prime minister, while…

The Conversation

Toyota BZ3c: A Sleek New Electric Crossover Made With BYD's Help

The Toyota BZ3c was unveiled at the Beijing Auto Show, but a Chinese regulatory body has leaked more details before it goes on sale.

InsideEVs

FBI Disrupted China-Backed Operation That Hacked 260,000 Consumer Devices

The hackers, known as 'Flax Typhoon,' managed to build a botnet used to target government agencies and infrastructure in the U.S. and abroad

International Business Times

Nio Wants To Take Over Audi’s Troubled Plant In Belgium

With Chinese carmakers facing up to 38% EU import duties, they are looking at alternatives and the most obvious is just building the cars in Europe.

InsideEVs

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TechRadar

HP beware! World's largest PC company launches intriguing mono laser printer but doesn't want to sell it outside China yet — Lenovo's Elephant is compact, has cheap consumables and is super affordable

Lenovo has launched a new monochrome laser printer, but the Xiaoxin Elephant is only available in China for now

InsideEVs

EVs Could Be 24% Of Europe's Car Market By 2025. But Who Will Make Them?

A wave of new affordable electric models below €25,000 could change the game in Europe. But will they be made in Europe or in China?

Fortune

Tom Steyer of Galvanize Climate Solutions is funding technology to save the planet

The former presidential candidate says people 'running corporations, particularly public corporations' should not set the agenda for the U.S.

Space

China's Yutu 2 rover still going strong after nearly 6 years on the far side of the moon (video)

China's Chang'e 4 rover Yutu 2 has been working on the far side of the moon for nearly six years. It was designed to operate for just three lunar days, or about three Earth months.

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Tom’s Hardware

China's 3D NAND leader YMTC gradually switching to homegrown chipmaking tools

While China-based YMTC increases share of domestic tools, it still cannot reject equipment made in Europe and the U.S.

Investors Business Daily

Tesla China On Pace For Best Quarter Ever. Will It Be Enough To Boost The EV Giant's Auto Segment?

The third quarter is almost done.

TechRadar

Five Eyes alliance seizes control of extensive spy tech network used by China

The network of 260,000 devices was seized by the Five Eyes intelligence alliance.

The Guardian - UK

I’ve studied geopolitics all my life: climate breakdown is a bigger threat than China and Russia

‘Risk’ analyses largely ignore the dangers of the climate crisis. Unless we wake up to them, they will soon outweigh all others, says Anatol Lieven of the Quincy Institute for Responsible Statecraft

Al Jazeera

Hong Kong man sentenced to 14 months in jail for ‘seditious’ T-shirt

Chu Kai-pong is first person to be convicted under Article 23, the China-ruled city’s tough new national security law.

Fortune

Everyday Americans pay the price for the bipartisan consensus on protectionist trade policies

Donald Trump and Kamala Harris should stop following populist rhetoric—and work on real policies that address competitors.

Fortune

The hotshot founder of an $80 million crypto fund disappeared mysteriously in China. Investors voted to wind it down—as he reappeared

Inception Capital’s future looks uncertain after receiving the backing of Bill Ackman, Alan Howard, and other prominent investors.

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