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The Latest Breaking News from NDRC

How China Stopped Meta's $2B+ Manus AI Deal — And What It Signals About AI Control

China's NDRC has blocked Meta's acquisition of Manus AI, citing concerns over technology transfer. The decision highlights China's regulatory stance on foreign investments in domestic AI assets.

International Business Times UK

Meta’s $2bn deal to buy AI startup Manus is blocked by China

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The Independent UK

China blocks $2bn Meta takeover of AI agent developer Manus

Beijing says domestic tech companies must seek explicit government approval for accepting US investment

The Guardian - UK

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Business Brief (Oct. 27): U.S. and China Reach Preliminary Consensus on Key Trade Issues

President Xi to visit South Korea for APEC summit, NDRC targets emerging industries to drive future growth

Caixin Global

China semiconductor 'megamerger' strategy reportedly stalling — new report says high-level merger plans to strengthen domestic chip industry face multiple headwinds

Despite China’s push to consolidate its semiconductor sector into a few strong players, efforts have largely stalled due to valuation conflicts, political obstacles, and technological gaps.

Tom’s Hardware

Texas Democrats are fundraising to potentially leave the state to block GOP-backed redistricting

The money could be used to cover the $500-a-day fines lawmakers would incur under House rules set to discourage members from absconding after Democrats fled the state in 2021.

The Texas Tribune

Obama and Trump are locked in a behind-the-scenes battle that could decide who controls Congress

Obama might never run for president, but he remains Trump's opponent.

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China Planning To Cut Taxes On Home Buying: Report

China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real estate sector, a media report said on Tuesday.

International Business Times

China shares popped, fizzled, and climbed again in first trading day after a weeklong break

Investors may have been dismayed by the lack of stimulus announced at a press conference held by China’s economic planning board.

Fortune

China announces more support for economy but holds back on major spending package

China’s economic planning agency has outlined details of measures aimed at boosting the economy but refrained from major spending initiatives

The Independent UK

China Expands Role of State Bank-Backed Equity Investors to Aid Tech and Innovation

Beijing pilot program will allow AICs to expand into venture capital investment to boost tech sector

Caixin Global

Democrats to flood battleground states with millions for state-level races

They aim to flip or hold on to state chambers in Arizona, Michigan, New Hampshire, Pennsylvania and Wisconsin.

Axios

NDRC Mulls Funding Support to Boost Private Investment

Economic planning body aims to provide financial help to regional welfare projects that attract private investment

Caixin Global

Markets Today: Stocks Gain Ahead of a Busy Week for Earnings Results

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.16%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.25%. Stock indexes this morning are moderately higher. A nearly +1% gain in Apple in pre-market trading is boosting technology stocks after Bloomberg News reported that...

Barchart

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Motorsport

Aussie drag racing war comes to an end

The new series has been created by Andy Lopez and former Supercars TV boss, and long-time drag racing broadcast specialist, Nathan Prendergast, off the back of their success with the standalone Top Fuel Championship.

Caixin Global

China Moves Step Closer to Unifying Corporate Bond Market Oversight

The country’s economic planning agency will transfer supervision of a type of corporate debt to the securities regulator over the next six months

Caixin Global

China Pledges Support for Private Investment Projects to Issue REITs

Fundraising through publicly traded real estate investment trusts would enable private operations to carry out infrastructure projects

The Independent UK

Chinese planners promise 12 million jobs, economic rebound

Chinese economic officials have expressed confidence they can meet this year’s growth target of “around 5%” by generating 12 million new jobs and encouraging consumer spending

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Axios

Democrats make quiet history with state-level gains

The partisan battles over democracy and abortion rights are shaped at the state level.

Asharq Al-Awsat

China Sets Green Hydrogen Target for 2025, Eyes Widespread Use

China's top economic planner announced a target on Wednesday to produce up to 200,000 tons per year of green hydrogen, a zero-carbon fuel generated from renewable energy sources, by 2025, but envisions a more widespread industry over the long term. The country aims to produce 100,000 tons to 200,000 tons…

Caixin Global

China Plans to Manage Inflationary Impact of Surging Energy Prices

Top NDRC officials outline plans to hold CPI gains to 3% by building up coal and natural gas reserves while telling key energy producers and users to do so too

Caixin Global

Use Common Sense When Setting Common Prosperity Goals, Chinese Official Warns

Local governments should avoid overambitious pledges and focus on improving basic public services, NDRC official says

People

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