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Tag: China

  • China Box Office: Bi Gan’s Mesmerizing Art House Drama ‘Resurrection’ Opens to $16.5 Million

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    In an exceedingly rare win for art house cinema in China, Bi Gan‘s beguiling drama Resurrection opened at the top of the country’s box office over the weekend, earning a healthy $16.5 million (116.8 million RMB). 

    The film, Gan’s third feature, was a sensation at the Cannes Film Festival in May, earning rave reviews from cinephiles and winning a “special prize” from the event’s jury, chaired by Juliette Binoche. Janus Films quickly snapped up North American rights and has set a release date for Resurrection in U.S. theaters Dec. 12.

    Resurrection won the weekend over holdover anime sensation Demon Slayer: Infinity Castle, which came in second place with $15.6 million. Lionsgate’s Now You See Me: Now You Don’t also made a respectable second-weekend showing, earning $7 million for third place. The two imports have totaled $79.3 million and $34.1 million, respectively, since their launch Nov. 14, according to data from Artisan Gateway. 

    Gan sits atop an exceedingly short list of Chinese auteurs who have managed to generate sizable box office sales with works that feel uncompromisingly noncommercial. His sophomore feature, Long Day’s Journey Into Night, starring Tang Wei, opened with a wildly impressive $37.9 million single-day total on New Year’s Day of 2019. The feat was partially pulled off via a too-successful viral marketing campaign that positioned the film as a couples-friendly date-night feature — when it was, in fact, a challenging, 138-minute art house work about memory and loss. The film received heavy backlash on social media from viewers who felt they were duped by the marketing campaign, which encouraged mass presales. 

    But Resurrection‘s robust debut proves that Gan still has plenty of young local fans — and there is still a way for artistically ambitious cinema to win in China’s increasingly commercial and nationalistic marketplace. Ticketing app Maoyan currently projects Resurrection to earn at least $30 million in its home market.

    Emerging onto the international scene with his 2015 debut Kaili Blues, Gan quickly established himself as one of contemporary cinema’s most singular stylists. Occasionally flattered by comparisons to his filmmaking hero, Andrei Tarkovsky, the 35-year-old director is celebrated for crafting films that blur the boundaries between time, memory and dream, expressed through a meditative command of image and rhythm. Long Day’s Journey Into Night pushed these preoccupations to new extremes with its celebrated final hour — a continuous, 3D long take that envelops the audience in a trance-like flow of longing and repetitive dream logic. 

    Upon its premiere at Cannes, Resurrection was hailed as Gan’s most conceptually ambitious film to date. Structured around six chapters, each dedicated to one of the senses — vision, sound, taste, smell, touch and mind — the film is at once a sensory odyssey and a meditation on cinema itself. Starring a transmogrifying Jackson Yee and a radiant Shu Qi, Resurrection tells the story of a spectral entity known as “the Phantasm,” who journeys across time through various cinematic styles, from silent film to film noir to the recent present, culminating in a sequence that could be described as something like an existential effervescence. The work is shot through with poignant visual metaphors for mortality and the transitory power of images.

    As The Hollywood Reporter‘s critic put it in Cannes in a rave: “Reflecting on the seventh art’s past, present and possible future at a moment when many believe it to be in its death throes, Bi Gan has crafted a time-tripping, genre-jumping paean to the big screen in which he revives the films he loves and then buries them a second time over — hoping, perhaps, to resurrect cinema in the process.”

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    Patrick Brzeski

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  • The Failed Crusade to Keep a Rare-Earths Mine Out of China’s Hands

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    For years, a mining project in Africa held the promise of helping free the West from its dependence on China for rare earths. Some weeks back, it fell into Chinese hands.

    The failure of Peak Rare Earths, an Australian mining company, to build a China-free supply of rare-earth minerals offers a look at how Beijing came to dominate the global supply of critical minerals—a position it is now deftly leveraging for geopolitical gain. China has choked off the supply of rare earths to wring key concessions from President Trump in his trade war.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Jon Emont

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  • Despite Chinese hacks, Trump’s FCC votes to scrap cybersecurity rules for phone and internet companies | TechCrunch

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    The Federal Communications Commission voted 2-1 along party lines on Thursday to scrap rules that required U.S. phone and internet giants to meet certain minimum cybersecurity requirements.

    The FCC’s two Trump-appointed commissioners, chairman Brendan Carr and his Republican colleague Olivia Trusty, voted to withdraw the rules that require telecommunications carriers to “secure their networks from unlawful access or interception of communications.” The Biden administration had adopted these rules prior to leaving office earlier this year.

    The FCC’s sole Democratic commissioner, Anna Gomez, dissented. In a statement following the vote, Gomez called the now-overturned rules the “only meaningful effort this agency has advanced” since the discovery of a sweeping campaign by a China-backed hacking group called Salt Typhoon that involved hacking into a raft of U.S. phone and internet companies.

    The hackers broke into more than 200 telcos, including AT&T, Verizon and Lumen, during the years-long campaign to conduct broad-scale surveillance of American officials. In some cases, the hackers targeted wiretap systems that the U.S. government previously required telcos to install for law enforcement access.

    The FCC’s move to change the rules sparked rebuke from senior lawmakers, including Sen. Gary Peters (D-MI), the ranking member of the Senate Homeland Security Committee. Peters said he was “disturbed” by the FCC’s effort to roll back “basic cybersecurity safeguards” and warned that doing so will “leave the American people exposed.”

    Sen. Mark Warner (D-VA), the ranking member of the Senate Intelligence Committee, said in a statement that the rule change “leaves us without a credible plan” to address the basic security gaps exploited by Salt Typhoon and others.

    For its part, the NCTA, which represents the telecommunications industry, praised the scrapping of the rules, calling them “prescriptive and counterproductive regulations.”

    But Gomez warned that while collaboration with the telecommunications industry is valuable for cybersecurity, it is insufficient without enforcement.

    “Handshake agreements without teeth will not stop state-sponsored hackers in their quest to infiltrate our networks,” said Gomez. “They won’t prevent the next breach. They do not ensure that the weakest link in the chain is strengthened. If voluntary cooperation were enough, we would not be sitting here today in the wake of Salt Typhoon.”

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    Zack Whittaker

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  • Meet the company that looks to gain a foothold where China dominates — rare earth elements

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    When it comes to rare earth elements — critical for many industries — it’s all about China. And more and more companies are trying to break the stranglehold the country has over its supply.

    Rare earth elements, or REEs, are a group of 17 elements that are used in many industrial applications, most notably in fighter jets, robots, MRI scanners, and automobiles.

    REEs are split into two categories: hard and soft. And while China is the major industry player in both the mining and refining of these elements, it especially dominates in hard rare earths like dysprosium and terbium, common in permanent magnets for electric motors and wind turbines.

    With news this week that China is allegedly dumping REEs into the market to hurt US and foreign companies, developing an “ex-China” supply chain for companies like automakers and defense contractors is paramount.

    That’s where Brazilian Rare Earths (BRE.XA) comes in. It’s one of many companies looking to meet that demand and provide non-China-based REEs.

    The company acquired land in northeast Brazil, which it claims is a “globally significant … mineral province housing substantial volumes of both heavy and light rare earths.” BRE says its operation will be functional by 2028 for REE production and it will have its processing plant ready in 2030, which is significant. As Jefferies notes, it can take 10 to 15 years to bring a mining operation to viability.

    In an interview with Yahoo Finance, BRE CEO Bernardo da Veiga discussed why it was so important for BRE and other firms to break China’s monopoly as Western governments and China’s other rivals look to “decouple,” as da Veiga puts it.

    China is limiting the supply of raw materials and using those resources to produce its own high-value goods to boost its own economy and get out of the low-cost supply game.

    “China doesn’t want to sell you rare earths, they want to sell you cars,” da Veiga said, meaning China wants to sell higher-margin finished goods to the world, as opposed to cheap materials. China wants to sell more cars in the global market, and that means keeping rare earths away from competitors.

    A mine operated by Serra Verde Mining in Minacu, Goias state, Brazil, Monday, July 28, 2025, produces rare earth elements, including neodymium, praseodymium, terbium and dysprosium which are essential for the production of permanent magnets. (AP Photo/Eraldo Peres) · ASSOCIATED PRESS

    “And that’s where we come in, because you need Western companies that have deposits that are located outside of China, or in friendly countries, to be able to develop these,” da Veiga said.

    BRE isn’t the only operation in Brazil; the US government itself invested in the Serra Verde project in central Brazil.

    “Rare Earth Magnet Demand is expected to grow substantially, driven by electric vehicles (EV’s), robotics, and advanced air mobility,” Jefferies analyst Mitch Ryan wrote in a note last week. “In the US, magnet demand is projected to increase fivefold by 2035 (albeit from a low base), with [EVs,] robotics, and new technologies such as drones and humanoid robots leading the way.”

    Numerous companies in the US, Australia, and other REE-rich areas have announced deals for new fundraising, and even with government backstops or buying equity stakes in companies like MP Materials (MP).

    BRE’s da Veiga argued that what sets his company apart is the high purity, or grade levels of the REEs in its tenements, meaning they’re cheaper and less environmentally intrusive to mine because the company doesn’t have to dig up so much earth to produce a given amount of metal.

    Brazilian Rare Earths workers at the company's site in northheast Brazil.
    Brazilian Rare Earths workers at the company’s site in northheast Brazil. · BRE

    “When we talk about grade, we say, ‘My grade is X percent.’ That is a summation of an entire line of the periodic table, and that’s problematic, because some of those elements are virtually worthless, and some of those elements are worth over $1,000 a kilo,” he said. “So what’s actually important is for you to look at each individual element, and what makes up the total grade to see how these projects compare from an attractiveness point of view.”

    With hard REEs more rare than soft, the key is to make sure the grade of a certain project contains a decent amount of hard REEs, generally a ratio of 20 or 30 to 1 soft to hard.

    BRE says it has one of the highest ratios outside of China. And that’s why BRE’s stock has been on a tear this year, up over 80%. It’s a bet on the company’s ability to viably produce and process REEs at scale.

    That said, victory isn’t assured.

    Headwinds include the possibility that permitting won’t come through on time, or China suddenly deciding to flood the market with REEs to take down its competition — which allegedly just happened.

    Various grades of REEs at BRE's facility in southeast Brazil.
    Various grades of REEs at BRE’s facility in southeast Brazil. · BRE

    Da Veiga doesn’t foresee any issues with the permitting process in Brazil, as the tenements are not in geographically sensitive areas.

    In terms of growth, BRE recently concluded a 120 million AUD ($78 million) fundraise in October and has struck a strategic partnership with French REE mining firm Carester for technical expertise in producing and processing REEs at its site.

    The Carester relationship is a great way to get BRE up to speed and de-risks the company from a technical standpoint, da Veiga said, but the relationship is mutually beneficial.

    “They’re getting a consulting fee, but what they really want is the off-take. So part of the products that we make will go to them, and they will then further process that themselves,” he said.

    It’s that “off-take,” or excess capacity, that Carester wants — and it’s why BRE investors are willing to pay up for the stock of a company that hasn’t mined anything yet.

    Pras Subramanian is the Lead Transportation Reporter for Yahoo Finance. You can follow him on X and on Instagram.

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  • A Viral Chinese Wristband Claims to Zap You Awake. The Public Says ‘No Thanks’

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    Forget coffee, you can now stay alert by strapping on a wristband that lightly zaps you awake. That’s what eCoffee Energyband, a Chinese gadget that sells for just over $100, is claiming to do.

    First released in late 2023, the product is a lightweight wearable with two electrode pads that sit against the inner wrist. WAT Medical, a Canadian company with a Chinese subsidiary making and marketing the device, claims the mild electrical signals sent by the wristband can keep wearers alert by stimulating nerves in the brain. The effect is supposedly about the same as a cup of coffee, minus the risk of caffeine addiction. The only side effect is that your hand could feel numb from the tip of the finger to the inner wrist, the company says, so the makers suggest that it only be worn for three hours a day, and users can switch which wrists they put it on.

    The gadget would likely have stayed in relative obscurity if the company that makes it had not attended a recent Chinese trade show, whereafter it suddenly went viral. “The purpose of inventing this eCoffee Energyband is not to replace coffee. Coffee is great, but it’s not always suitable for the afternoon or evening. But we still have the need to feel refreshed during those times,” Xu Haojie, the company’s director of operations, told Chinese state media Xinhua at the trade show. After wearing it, the Xinhua reporter said, “It feels like I’m being gently tapped. I can feel the electric pulse.”

    It immediately became a sensation online. On Chinese ecommerce websites, including JD and Taobao, the device appears to be sold out as of now, with hundreds of mixed reviews from buyers. The device is also sold and shipped to markets around the world. The website lists its normal price at $130, with a holiday promotion going on right now that knocks 30 percent off the price.

    But on Chinese social media, the wristband has been met with overwhelming sarcasm and skepticism.

    The company’s marketing frames eCoffee as a productivity booster, a tool for getting more study and work done. But that message has struck a chord with Chinese people’s resentment
    toward “996” culture, the local variant of the grind culture. The young generation in China is increasingly recoiling from workplace burnout. Snarky commentators online called the wristband everything from a portable electric chair to the human version of dog-training e-collars and livestock whips, emphasizing how it benefits the managerial class against the will of the working class.

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    Zeyi Yang

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  • Trump skips G20 summit—here’s who else won’t be there

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    President Donald Trump will not be attending a summit of leaders of the world’s 20 largest economies and nor will the leaders of other group members Russia, China, Argentina and Mexico.

    Why It Matters

    The Group of 20, or G20, was founded in 1999 after the Asian financial crisis with the intention of promoting global financial stability and underpinning development in a forum that brings together the developed industrial economies and their leading developing partners.

    Together, G20 members—19 countries plus the European Union and the African Union—represent about 85 percent of global gross domestic product, 75 percent of international trade, and two-thirds of the world’s population.

    Trump’s absence, and that of other leaders, risks undermining the credibility of the G20 during the gathering in South Africa, its first on the African continent.

    What To Know

    Trump said that no U.S. officials would attend the summit, saying white South Africans were “being killed and slaughtered” in line with his discredited assertion of a genocide in the country, which South Africa denies. 

    Muddying the waters on U.S. involvement in the summit on November 22-23 in Johannesburg, President Cyril Ramaphosa of South Africa said on Thursday that the United States had signaled it might change its mind and send a delegation. The White House later dismissed the claim as “fake news” but acknowledged that a U.S. representative would be present at the handover of the presidency.

    White House press secretary Karoline Leavitt said David Greene, the embassy’s charge d’affaires, “is simply there to recognize that the United States will be the host of the G20.”

    “They are receiving that send-off at the end of the event. They are not there to participate in official talks, despite what the South African president is falsely claiming,” Leavitt said.

    In a post on X, Vincent Magwenya, the spokesperson for the South African presidency, said: “The President will not hand over to a Charge’ d’ Affaires.”

    The position of U.S. ambassador to Pretoria has remained vacant since January.

    Who Else Is Skipping the G20?

    China’s President Xi Jinping will also not be attending, with Beijing sending Premier Li Qiang instead, China’s Foreign Ministry said. It is not unusual for Li to represent China at such events.

    Russian President Vladimir Putin will also not be going, the Kremlin has said. Instead, he has assigned Maxim Oreshkin, deputy head of presidential administration, to head the Russian delegation.

    The International Criminal Court issued an arrest warrant for Putin in March 2023 on accusations of war crimes, specifically the unlawful deportation and transfer of Ukrainian children to Russia during the conflict in Ukraine. South Africa is a member of the ICC and would therefore be obliged to arrest Putin.

    The Russian leader has made several foreign visits since the warrant was issued, including to North Korea, Vietnam, China and the United States—for a summit with Trump in Alaska on August 15 this year—but none is a member of the ICC.

    Argentina’s President Javier Milei is also not going to South Africa but will send his foreign minister, Pablo Quirno. Milie is a close ally to Trump and shares his aversion to multilateralism and efforts to prevent climate change, which South Africa has said it wants to discuss.

    President Claudia Sheinbaum of Mexico will not be attending the G20 summit but will send a senior minister instead.

    What People Are Saying

    President Cyril Ramaphosa of South Africa said at a press conference on Thursday: “It cannot be that a country’s geographical location or income level or army determines who has a voice or who is spoken down to. And it basically means that should be no bullying of one nation by another nation. We are all equal.”

    White House press secretary Karoline Leavitt said at a press briefing on Thursday: “I saw the South African President running his mouth a little bit against the United States and the president of the United States earlier today, and that language is not appreciated by the president or his team.”

    Christopher Vandome, a senior research fellow at Chatham House, wrote in a report released on Thursday:  “With the U.S. saying it will avoid the gathering and the global commitment to multilateralism being tested more broadly, the summit will not be a grand moment of solidarity or result in decisive action. Yet the issues championed by South Africa, including debt relief and climate finance, are important for the world.”

    Who Is in the G20?

    The G20’s membership includes: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States, plus the European Union and the African Union.

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  • Opinion | Trump Says Arms Are Going to Taiwan

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    One of the biggest questions in global affairs is whether President Trump is chasing a grand bargain with Beijing’s Xi Jinping—and at what cost to the United States. So it’s good news that the Administration is showing that America won’t be bullied from defending its Pacific interests, with an arms sale to our friends in Taiwan.

    The Defense Security Cooperation Agency has notified Congress of a $330 million potential arms sale for the island democracy. Items include spare parts for fighter jets and transport aircraft, as well as U.S. technical and logistics support. But more important than the details is that this marks the Administration’s first sale to Taiwan in Mr. Trump’s second term. Rumors had spread this year that Mr. Trump was withholding arms for Taiwan as he wooed Mr. Xi on a trade deal.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    The Editorial Board

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  • Four Indicted In Alleged Conspiracy to Smuggle Supercomputers and Nvidia Chips to China

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    Stern said text messages obtained by authorities show Li boasting about how his father “had engaged in similar business on behalf of the Chinese Communist Party.” Stern alleged the messages also show Li, who works at a hardware distribution company, was aware through news articles he shared that the Nvidia chips were subject to export controls. “He explained that his father had ways to import them,” Stern said, again citing Li’s text messages.

    Stern told the court that Li “did admit to various facts” during questioning by federal agents on Wednesday that implicated him.

    The defendants face various charges related to violating export control laws and up to 20 years in prison.

    Ho and Raymond did not immediately respond to requests for comment sent to LinkedIn accounts purportedly belonging to them. Public defenders for Chen and Li declined to comment.

    Nvidia spokesperson John Rizzo said in a statement that “even small sales of older generation products on the secondary market are subject to strict scrutiny and review” and that “trying to cobble together datacenters from smuggled products is a nonstarter, both technically and economically.”

    Corvex, an AI cloud computing business Raymond consulted for, said in a statement that it had rescinded a job offer for him to join the company full-time and that it had no connection to the alleged wrongdoing.

    Earlier this year, the US Department of Commerce was reportedly considering restricting the sale of advanced chips to Malaysia and Thailand in an effort to curb chip smuggling, but the regulations have yet to be finalized. The Commerce Department did not immediately respond to a request for comment.

    Magistrate Judge Westmore ordered Li to hire an attorney because she said he had significant equity in a San Leandro, California, home and other assets, making him ineligible for a public defender. The magistrate also set a hearing for Tuesday to decide whether Li is a significant flight risk and should continue to be detained. He holds a US green card and Hong Kong citizenship.

    Li, wearing glasses, flipflops, and a black windbreaker, nodded in response to some of Westmore’s statements but did not speak. Kaitlyn Fryzek, his temporary public defender, said Li is planning to marry a US citizen. “His incentive is to stay and get married to his fiancée,” Fryzek said.

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    Paresh Dave

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  • Opinion | End U.S. Energy Dependence

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    The Trump administration’s renewed focus on securing critical minerals highlights an urgent truth, reinforced in “China Aims to Keep U.S. Military From Obtaining Its Rare Earths” (U.S. News, Nov. 12): America’s energy future depends on what we build and where we build it.

    For too long, we have relied on foreign sources for the rare-earth elements and advanced materials that power everything from electric grids and defense systems to the data centers fueling artificial intelligence. Even with the rare-earths deal Mr. Trump struck with China last month, more action is required to diversify supplies and strengthen domestic production as an essential step toward energy security.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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  • As Elon Musk plans a robot army, China’s humanoid bots are already on the market

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    As Elon Musk touted plans to eventually manufacture an army of Tesla bots in Silicon Valley this month, humanoid robots were already being produced and sold to consumers in China.

    Chinese and U.S. companies have begun a battle to build the world’s best bots. While it’s early days, experts say China is leading in the quantity of robots delivered to consumers, while America is ahead in the quality of robots demonstrated.

    Musk danced with Tesla’s Optimus bots at his company’s shareholder meeting and outlined plans for a factory in Fremont that he said will someday have the capacity to build a million bots a year, which would sell for around $20,000 in today’s dollars. One of China’s leading robotics companies, Unitree Robotics, already has a humanoid robot on the market that can walk, dance and perform basic tasks. Its least expensive version costs around $6,000.

    Tesla robot Optimus serves popcorn to guests at the Tesla Diner on the restaurant’s opening day on July 21.

    (Stephanie Breijo / Los Angeles Times)

    While the inexpensive Unitree bot is far less sophisticated than Optimus, its early entrance into the real-world market at an affordable price demonstrates China’s edge. The country has the parts, the production facilities and the pool of labor required to bring the rapidly evolving robots to market quickly and cheaply, said P.K. Tseng, an analyst at the tech consulting firm TrendForce.

    “The U.S. leads in technological innovation, while China excels in speed of implementation,” he said. “The real turning point will arrive when humanoid robots move beyond R&D prototypes to large-scale deployment.”

    The International Federation of Robotics, IFR, estimates that there are at least 80 humanoid robot companies in China, five times that of the U.S. A Morgan Stanley report on humanoid robots earlier this year estimated that Chinese companies had more than twice the number of robots unveiled than U.S. companies since 2022, while Chinese organizations have applied for more than three times the number of patents using the word “humanoid” in the last five years.

    At the forefront is Unitree, which went viral in January after its humanoid robots performed a Chinese folk dance live, marching rhythmically while tossing and twirling handkerchiefs. That model, which costs about $90,000, won the opening race at the inaugural Beijing Humanoid Robot Games in August, taking 6½ minutes to run about one mile.

    Students interact with a humanoid robot in China.

    Students from the Primary School Affiliated to Hefei Normal School interact with the humanoid robot “Xiao An” after a science class on Oct. 27 in Hefei, Anhui province, in China.

    (China News Service via Getty Images)

    The company has become a Chinese tech darling and is preparing for an initial public offering with a reported valuation as high as $7 billion.

    The ultimate goal of a general-purpose robot, one that can package goods, do household chores and assist in surgical procedures, is still years away. Humanoid robots are not yet fully autonomous and are mostly purchased by hobbyists, research institutions or manufacturers. Hyundai Motor Group is deploying robots made by Boston Dynamics in its car factories. In China, humanoid robots are also bought and rented as entertainment, to dance and perform at events.

    According to TrendForce, the latest generation of Tesla’s Optimus humanoid robot greatly surpasses the products of China’s top manufacturers, including Unitree, in body and hand versatility, load capacity and battery life. Another advantage U.S. robotics companies have is advanced artificial intelligence capabilities, which will be crucial in developing robots that can learn to carry out basic human tasks on their own.

    Musk says Tesla’s edge is that it has the engineering capability to build limbs, AI to run the brains, and the manufacturing know-how to mass-produce the bots. He projects that the movements of the next generation of Optimus will be indistinguishable from those of humans.

    “It will seem as though there’s someone like a person in a robot outfit,” he told shareholders this month. “Really, it’s going to be something special.”

    His prediction recently came true — in China. EV maker XPeng demonstrated its latest bot this month and its casual gait was so human-like that the company had to convince some skeptics it was a robot by bringing heavy scissors on stage to cut away its synthetic skin and reveal its mechanical insides.

    By prioritizing commercialization, Chinese manufacturers are leaning on government support and manufacturing prowess for an upper hand in the latest frontier of a tech rivalry with the U.S., similar to how it came to dominate other industries like solar panels and electric cars.

    “They’re not first mover in anything. But they’re building a lot of robots, selling them really, really cheap, and just trying to get them out in the world,” said Erik Walenza-Slabe, a managing partner of Asia Growth Partners, a Shanghai-based consultancy that helps businesses expand in Asia. “That might be a better strategy in the long term.”

    Morgan Stanley estimates that the humanoid robot market will be worth $5 trillion by 2050, at which point China would probably have nearly four times as many humanoid robots in use as the U.S. Even as U.S. robot makers like Tesla expand production, their efforts could be hampered by a reliance on components that need to be sourced from China, such as screws, motors and batteries, the bank’s analysts said.

    A robot rehearses the 100-meter race before the opening ceremony of the World Humanoid Robot Games in Beijing in August.

    A robot rehearses the 100-meter race before the opening ceremony of the World Humanoid Robot Games in Beijing in August.

    (Ng Han Guan / Associated Press)

    While China’s mass deployment may help its companies beat the U.S. to real-world training, public mishaps have highlighted the limitations of Chinese technology and the potential risks to human safety.

    During the first robot half marathon in Beijing this year, many mechanical competitors fell down and overheated and only six out of 21 completed the course. Last December, a Unitree bot fell over and started convulsing at a demonstration, drawing online mockery.

    Meanwhile, the trade war between China and the U.S. could impede the development of better bots by both sides.

    Both countries have sought to build and leverage their strengths in high-tech fields. The U.S. has restricted exports of semiconductors to China, in an effort to stymie its rival’s technological development. Meanwhile, China has a near monopoly on rare earth metals, a critical component in batteries and computer chips, and has stepped up export controls to squeeze the U.S. and other nations.

    To achieve self-sufficiency, China has made advanced robotics a key tenet of its national strategy for technological and economic development. Earlier this year, China announced a state-backed venture fund to raise and invest $138 billion in robotics and artificial intelligence.

    “What China has wanted to do ever since they entered the robotics game is to circumvent the dominance of traditional technology by foreign vendors,” said Lian Jye Su, chief analyst for AI and robotics in Asia at Omdia, a research firm. “The only reason why China can do that is because they have policy support.”

    The lack of similar government policies in the U.S. could hamper efforts to compete with China, said Susanne Bieller, general secretary of the IFR, particularly as deployment and data become central to training robots with artificial intelligence.

    “In China, the government is encouraging companies to test out the new technology and that’s a critical advantage. That’s something American startups investing in humanoids will have to work much harder for,” she said.

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    Stephanie Yang

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  • Swiss Watch Exports Continue on Downward Trend in U.S. Tariff Fallout

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    Exports of Swiss watches remained on a declining trend in October, driven by a sharp decrease in the U.S. as tariffs continue to take a toll.

    Total exports of Swiss timepieces dropped 4.4% in October compared with the same period last year to 2.24 billion Swiss francs ($2.78 billion), according to data published Thursday by the Federation of the Swiss Watch Industry, or FH.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Andrea Figueras

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  • Macau Government Wants Updates on Casino Investments

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    Posted on: November 20, 2025, 12:18h. 

    Last updated on: November 19, 2025, 12:26h.

    • Macau will review casino investments in the new year
    • The Chinese city’s six casino operators agreed to invest $16 billion in nongaming projects
    • The pledge came in 2022 with new gaming concessions

    In December 2022, the Macau government agreed to issue new gaming licenses to its six casino operators. In exchange, Sands, Galaxy, Wynn, MGM, Melco, and SJM agreed to invest many billions of dollars into resort improvements and expansions, with the bulk of the capital mandated to go to nongaming initiatives.

    Macau government casino investments China
    Macau Chief Executive Sam Hou Fai delivers the 2026 Policy Address before a plenary session of the Legislative Assembly on Nov. 18, 2025. Sam said the local government will inspect whether the city’s casinos have fulfilled their gaming and nongaming investment obligations, as dictated by their 2022 licenses. (Image: Macau Government Information Bureau)

    Macau, at the direction of Beijing, used the relicensing process to field investments that will ideally bring new people to the Chinese Special Administrative Region (SAR).

    The six gaming firms agreed to invest about $19.3 billion, with upwards of $16 billion stipulated for projects off the gaming floor.

    Almost three years later, several of the casinos claim they’ve already carried out their investment obligations. Thousands of hotel rooms have been renovated, investments in sports and K-pop have been made, and family-friendly attractions have been developed.

    Macau Chief Executive Wants Audits

    During his 2026 Policy Address to the Legislative Assembly, Macau Chief Executive Sam Hou Fai said an emphasis in the new year will be on ensuring that the casinos carry out their investment responsibilities.

    We will conduct a review of concessionaires’ investment projects and amounts in both gaming and nongaming sectors from 2023 to 2025, their fulfillment of social responsibilities, and compliance with laws and statutory obligations,” Sam said, as reported by Inside Asian Gaming. “We urge concessionaires to fulfill their concession contract commitments, implement gaming and nongaming investments, and expand diversified tourism projects and products.”

    Since the 2022 tenders, each casino has been required to submit implementation status reports to the SAR government specifying investments made in the prior year and plans for the 12 months ahead.

    “The government does monitor the investment situation.” Tai Kin Ip, Macau’s secretary for economy and finance, said earlier this year.

    Macau Outlook

    Macau is roaring, as its casinos, the enclave’s economic heartbeat, are experiencing their best post-COVID-19 year to date. October was the city’s best month in terms of casino revenue since October 2019, with gross gaming revenue (GGR) reaching more than $3 billion.

    Year to date, Macau GGR is up 8%. The six casinos have won MOP15.28 billion (US$1.9 billion) more gaming money from players through nine months than they did in 2024.

    Macau is meanwhile diversifying, with its casinos no longer being the primary focal point. Economic analysts expect GDP growth to be around 2.6% this year. As for 2026, analysts are “cautiously optimistic” about further growth, despite global headwinds like the ongoing threats of trade tariffs with the US.

    While growth is growth, the 2.6% projection for this year from the International Monetary Fund (IMF) is a reduction from the earlier 3.6% forecast. The IMF said global trade worries tampered results.  

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  • Curacao, Known for Offshore Casinos, Qualifies for World Cup

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    Posted on: November 19, 2025, 11:11h. 

    Last updated on: November 19, 2025, 11:21h.

    • Curacao has qualified for its first World Cup
    • The Caribbean island nation is the smallest country to ever make the World Cup
    • Curacao is known for being an offshore casino gambling haven

    The tiny Caribbean island country of Curacao is headed to the 2026 World Cup.

    Curacao World Cup qualifying online casino
    Members of the Curacao National Football Team celebrate after qualifying for the 2026 FIFA World Cup in Jamaica on Tuesday, Nov. 18, 2025. Curacao is known for being an offshore gambling hub. (Image: FIFA)

    On Tuesday, Curacao made history by becoming the smallest-ever nation to qualify for the World Cup. The country’s ascent to global soccer’s main stage came after a 0-0 draw against Jamaica on Tuesday to finish atop its four-team Concacaf group (Confederation of North, Central America, and Caribbean Association Football).

    The island nation within the Kingdom of the Netherlands went undefeated in its 2026 FIFA World Cup qualifying. Curacao beat St. Lucia 4-0 and Haiti 5-1 in June, tied Trinidad and Tobago, and beat Bermuda 3-2 in September, and beat group favorite Jamaica 2-0 to open their October window before tying Trinidad and Tobago again.

    In November, Curacao made easy work of Bermuda 7-0 to reach the group finale. The Jamaica rematch resulted in a tie, sending the nation that’s home to only 156,115 people to soccer’s main event.

    Curacao easily becomes to smallest country to ever qualify for the World Cup. Iceland previously held the mark, the country home to more than 352K people, making the 2018 tournament.

    Curacao poached many football players from the Netherlands, as approved by FIFA, to help the nation reach its debut World Cup.

    Curacao Casinos 

    Part of the ABC islands, along with Aruba and Bonaire, Curacao is less reliant on tourism than most other Caribbean countries and territories. Curacao has large financial services and trade industries relevant to its size.

    The nation also relies on its gaming industry. Along with land-based casinos, the country is known for being a hub for offshore online casinos and sports betting platforms.

    Until 2023, obtaining an online gaming license in Curacao was a rather easy process. The country updated its compliance regulations that year to include stricter anti-money laundering and counter-terrorism financing standards.

    The changes, which additionally included more stringent oversight of licensees’ gaming operations, were to improve the country’s poor global reputation for being home to many offshore gambling entities.

    Once scorned by countries from the United States to China for allowing their licensees to take bets from people abroad, the Curacao Gaming Authority now goes by the motto, “Elevating the Curacao Gaming Industry.”

    The Curacao Gaming Authority strives to protect the interest of the public and the integrity and stability of the Curaçao gaming industry by ensuring that all gaming is conducted honestly, responsibly, competitively, and free from criminal and corruptive elements, thereby elevating the Curacao gaming industry,” the regulator said.

    The focus of the online gaming updates has dealt with protecting consumers and combating money laundering and terrorism financing. The regulatory reforms haven’t appeased foreign nations wishing for Curacao to prohibit its iGaming concessionaires from targeting players in their countries.

    World Cup Odds 

    The 2026 World Cup will be hosted throughout North America in Canada, Mexico, and the United States. Host cities include Los Angeles, San Francisco, Seattle, Dallas, Houston, Kansas City, Atlanta, Boston, Miami, New York, and Philadelphia.

    The odds are long that Curacao will make a deep run. FanDuel has Curacao at 1000/1 to win the Cup. A $1 bet on that unthinkable coming true would net $1,000.

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    Devin O’Connor

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  • Map shows US “strategic triangle” to contain China

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    A United States commander said treaty allies South Korea, Japan and the Philippines could form a “strategic triangle” to contain China if military planners view the region from a nontraditional perspective, with east orientation at the top.

    General Xavier T. Brunson, commander of U.S. forces in South Korea, wrote in a Sunday article that the east-up map, rather than the standard north-up one, shows the collective potential of connecting the three allied nations as a triangle, creating what he called “an integrated network” for situational awareness and coordinated responses.

    Newsweek reached out to the Chinese Foreign Ministry for comment.

    Why It Matters

    The U.S. has long leveraged the territories of allied and partner nations in the western Pacific to deter potential Chinese aggression. Under its island chain strategy, Japan, Taiwan and the Philippines form a north-south defensive line east of China, intended to help U.S. forces project power in the region amid China’s growing military presence.

    Brunson’s concept of the east-up map comes as the U.S. and South Korea modernize their 72-year alliance to address security challenges outside the Korean Peninsula. U.S. Defense Secretary Pete Hegseth recently suggested that the U.S. Forces Korea could be deployed for “regional contingencies” in addition to deterring North Korea’s threats.

    What To Know

    In an article published on the U.S. Forces Korea website, Brunson said the Indo-Pacific is a region where geographic relations determine “operational possibilities and alliance effectiveness,” noting that hidden strategic advantages could be revealed by simply rotating the standard north-up map to show Japan and the Philippines above China.

    “When the same region is viewed with east orientation toward the top, the strategic picture transforms dramatically,” the general wrote, adding that this new perspective revealed his forces are no longer “distant assets” but are “positioned inside the bubble perimeter that the U.S. would need to penetrate in the event of crisis or contingency.”

    The U.S. military deploys about 28,500 troops in South Korea, along with fighter jets and unmanned aircraft. Its primary mission is to deter aggression and defend South Korea to maintain regional stability, a role the U.S. has held since the Korean War.

    “This shift in perspective illuminates [South] Korea’s role as a natural strategic pivot,” the commander said, noting that the ally is positioned to address threats from Russia while providing reach against Chinese activity in the waters between the two nations, demonstrating its significant strategic potential to influence adversary operations.

    The U.S. general was referring to China’s military presence in the disputed waters of the Yellow Sea, where Beijing and Seoul have yet to establish a maritime boundary.

    Regarding the strategic triangle framework, Brunson said South Korea has what he called the “added advantage of cost-imposition capabilities” against both Russian and Chinese forces, due to its strategic depth and central position on the east-up map.

    While Japan has advanced technologies and controls key maritime chokepoints along Pacific shipping lanes, the Philippines provides southern access points and oversight of vital sea lanes connecting the Pacific and Indian Oceans, the general explained.

    The commander urged military planners to experiment with east-up mapping when analyzing opportunities for alliance coordination and existing force positioning advantages in the Indo-Pacific, which traditional north-up mapping still obscures.

    What People Are Saying

    General Xavier T. Brunson, commander of the U.S. Forces Korea, wrote in an article on Sunday: “The geographic advantages we seek may already exist, waiting to be recognized through a simple shift in perspective. The question for military planners is not whether geography matters, it is whether we are seeing it clearly enough to recognize the strategic opportunities it provides, and whether we have the courage to view familiar perspectives through fresh eyes.”

    U.S. Defense Secretary Pete Hegseth said on November 4: “There’s no doubt flexibility for regional contingencies is something we would take a look at, but we are focused on standing by our allies [in South Korea] and ensuring the threat of the [Democratic People’s Republic of Korea, North Korea] is not a threat to the Republic of Korea and certainly continue to extend nuclear deterrence as we have before.”

    What Happens Next

    It remains unclear how the U.S. Forces Korea will adjust its posture to respond to regional contingencies while continuing its mission to deter North Korea’s aggression.

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  • Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner

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    The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.

    Dutch economic-affairs minister Vincent Karremans said Wednesday that the decision had been made in consultation with the Netherlands’ European and international partners and followed recent meetings with Chinese authorities.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Adrià Calatayud

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  • Chris Mason: Is this what spying by China can look like?

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    When MPs, members of the House of Lords and their staff were warned about the threat from Chinese spies, in one office in Westminster, a quick check began.

    Simon Whelband is a Conservative councillor and also works for the Conservative MP Neil O’Brien, who was sanctioned by China in 2021.

    Simon went into his LinkedIn messages and there it was. A message from an account in the name of Shirly Shen sent some weeks earlier.

    He hadn’t responded to the unsolicited message and reported it to Parliament’s security services. He was then advised to block the account.

    The note comes across as pretty innocuous.

    He said: “The message wasn’t written in very good English, it was a message to say there was a job opportunity and was I interested, and to get in touch if I was.

    “I’ve worked around Parliament for about 10 years now so I’m kind of used to this.

    “But if you were more junior, you don’t know what you’re looking for.

    “You might think it’s a genuine offer that’s made to you on LinkedIn, they might accept.”

    Whelband added that he thought it was becoming more common for those working in Parliament to be targeted by China.

    “They have realised the way to get to Parliamentarians is through their staff… it’s deeply worrying,” he said.

    And so, for the second time this autumn, Westminster is collectively wrestling with what to do about China.

    The growing influence of this vast superpower is one of the two stand out global changes of the last 30 years, alongside the growth of the internet.

    Some of the most acute challenges – or threats – from Beijing come when both of these mega-trends of the early 21st Century combine.

    Senior figures in government are worried, but express their worry carefully in public. MPs outside of government are much more willing to be blunt.

    Tuesday’s debate in the Commons on this was an eye opener. The security minister Dan Jarvis was both circumspect in his language, but warm and accepting of the wide range of concerns expressed by MPs of multiple parties.

    Among them:

    • Concern that buses manufactured in China but driving on British streets might be equipped with a so-called “kill switch” which allows someone in China to press a button and disable the bus – potentially causing chaos

    • Worries about vehicles used by the military that are made in China and might be mobile listening devices – to such an extent that military figures have been warned to watch what they are saying when they are on board in case China is listening

    • Deep concern about China seeking planning permission for a huge new embassy in central London which critics say will be a spying centre and is located very close to sensitive data cables that serve the City of London

    Last month, Parliament was digesting the collapse of a court case involving two men accused of spying for China, one of whom had worked in Westminster. Both men always denied any wrongdoing.

    Now it is the warning that all MPs and members of the House of Lords have received from the security service MI5 that they might be Beijing’s next target.

    It says it has identified two LinkedIn profiles used by Chinese security services to act as “civilian recruitment headhunters”, targeting individuals working in British politics to solicit “insider insights”.

    As Jarvis put it, China “has a low threshold for information it regards as valuable”. This is because over time it builds up a wider picture by piecing together the morsels it may extract from a wide range of people.

    Labour, since they won the general election, have attempted to warm up the UK’s relationship with China.

    The Chancellor Rachel Reeves has been to Beijing, as has the Business Secretary Peter Kyle, who was there in September within days of being appointed to the role. The most senior civil servant in the Foreign Office, Sir Olly Robbins, was there last month in the midst of all those headlines about the collapsed spying trial.

    But there has long been a vociferous collection of China hawks in Parliament, who have long worried about what they see as a collective naivety about Beijing.

    The question now is whether a moment like this, following MI5’s intervention, persuades others to share their outlook.

    The government insists its approach to China is “pragmatic”: it regards working with Beijing as inevitable but insists it is “clear eyed” about the risks.

    Will a growing number of MPs demand a more sceptical outlook?

    As one put it, rather colourfully, “you can’t reason with a tiger when your head is in its mouth”.

    China is a vast superpower that is at once essential yet awkward, unavoidable yet dangerous.

    This the latest case study in those competing interests. There will be more to come.

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  • US has warned others to avoid loans from Chinese state banks. But it’s the biggest recipient of all

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    WASHINGTON (AP) — For years, Washington has been warning others not to trust loans from Chinese state banks fueling its rise as a superpower. But a new report reveals an ironic twist: The United States is the biggest recipient of all — by far. And the security and technology implications have yet to be fully understood.

    China’s state lenders have funneled $200 billion into U.S. businesses for a quarter of a century, but many of the loans have been kept secret because the money was first routed through shell companies in the Cayman Islands, Bermuda, Delaware and elsewhere that helped obscure their origins, according to AidData, a research lab at the College of William & Mary in Virginia.

    More alarming, much of the lending was to help Chinese companies buy stakes in U.S. businesses, many tied to critical technology and national security, including a robotics maker, a semiconductor company and a biotech firm.

    The report found a far more widespread and sophisticated lending network than previously thought — a web of financial obligations extending beyond developing countries to rich ones, including the U.K., Germany, Australia, the Netherlands and other U.S. allies.

    “China was playing chess while the rest of us were playing checkers,” said former White House investment adviser William Henagan, who worries the hidden lending has given China a chokehold on technologies. “Wars will be won or lost based on whether you can control products critical to running an economy.”

    China money gets a closer look

    While the U.S. still welcomes most foreign investment — and President Donald Trump has courted it — money from China has drawn particular scrutiny as the world’s two biggest economies with opposing ideologies battle for global supremacy.

    Deals financed by China’s state-owned banks, the ones studied in the AidData report, are especially problematic. The lenders are controlled by China’s central government and the Communist Party’s Central Financial Commission, and they are directed to advance China’s strategic goals.

    In total, the AidData report found China lent more than $2 trillion from 2000 through 2023 around the world, double the highest previous estimates and a surprise to even longtime analysts of China’s rise. And much of the lending to wealthy countries was focused on critical minerals and high-tech assets — rare earths and semiconductors needed for fighter jets, submarines, radar systems, precision-guided missiles and telecom networks.

    “The U.S., under both (former President Joe) Biden and Trump, have been beating this drum for more than a decade that Beijing is a predatory lender,” said Brad Parks, executive director of AidData. “The irony is very rich.”

    Shell games

    Until now, a full accounting of China’s state lending has never been published because much of the financing is buried beneath layers of secrecy, masked by Western-sounding shell companies and mislabeled by international databases as ordinary private financing.

    “There is a complete lack of transparency that speaks to the lengths to which China goes, whether through shell companies or confidentiality agreements or redactions, to make it extremely difficult to come up with this full picture,” said Scott Nathan, the former head of the U.S. International Development Finance Corp., an agency set up in the first Trump term to invest in foreign projects deemed in the U.S. national interest.

    Since the report’s last documented loan in 2023, U.S. scrutiny has gotten better. Screening mechanisms, such as the interagency Committee on Foreign Investment in the U.S., got beefed up in 2020 to protect sensitive sectors in the economy.

    But China has gotten better, too, in part by setting up banks and branches overseas — more than 100 in recent years — that then lend to offshore entities, further clouding the origins of the money.

    “In places where there are more cops on the beat,” Parks said, “it has found ways to work around barriers to entry.”

    Where the loans ended up

    Chinese state bank financing has touched projects across the U.S., particularly in the Northeast, the Great Lakes region, the West Coast and along the Gulf of Mexico, which Trump has renamed the Gulf of America. Many loans targeted critical high-tech industries, according to the report.

    — In 2015, for instance, Chinese state-owned banks lent $1.2 billion to a private Chinese business to buy an 80% stake in Ironshore, a U.S. insurer whose clients included the Central Intelligence Agency and Federal Bureau of Investigation officials and undercover agents who might need help paying legal bills in case they got into trouble in their jobs.

    U.S. regulators were unaware of the Chinese government involvement because the financing was funneled through a Cayman Island business with no obvious ties to China, according to the report. U.S. officials later realized the Chinese government could access information and ordered the Chinese buyer to divest.

    — That same year, the Chinese government published “Made in China 2025,” a list of 10 high-tech areas, such as semiconductors, biotechnology and robotics, where it wanted to reach 70% self-sufficiency within a decade. The next year, in 2016, the Export–Import Bank of China, a policy bank, provided $150 million in loans to help a Chinese company buy a robotics equipment company in Michigan.

    After China’s adoption of the manufacturing master plan, the percentage of projects targeting sensitive sectors such as robotics, defense, quantum computing and biotechnology rose from 46% to 88% of China’s portfolio for cross-border acquisition lending, according to AidData.

    — In 2017, a Delaware private equity firm using a Cayman Islands company tried to buy a U.S. chip maker; the deal was blocked when investigators discovered both companies were owned by a Chinese state-owned enterprise. That same Delaware company successfully bought a U.K. semiconductor maker that had to be divested when British authorities found out.

    — And in 2022, the U.K. forced a Chinese company to divest another sensitive British firm in the industry, a designer of chips in Apple phones but potentially adaptable for military systems. The Chinese company had bought it through a company in the Netherlands that they owned. That Dutch firm is now accused of withholding semiconductors vital to automakers in the U.S.-China trade war.

    Following the money

    To trace China’s hidden lending, AidData dug through regulatory filings, private contracts and stock exchange disclosures in more than 200 countries written in multiple languages.

    The effort to track China’s state loans and investment started more than a decade ago when Beijing launched its Belt & Road Initiative to build infrastructure in developing countries. The project expanded sharply three years ago when the AidData team, which eventually grew to 140 researchers, realized many of the loans were landing in advanced economies such as the U.S., Australia, the Netherlands and Portugal, where acquisitions could allow it to access technology that Beijing considers essential to its global rise.

    The report says the findings show a shift in the use of state credit from promoting economic development and social welfare to gaining geo-economic advantages.

    “There’s global concern that this is part of a concerted effort to gain control over economic chokepoints and use this leverage,” said Brad Setser, an adviser to the U.S. Trade Representative in the Biden administration. “It’s important that we understand what they’re doing, and they don’t make it easy.”

    ___

    Condon reported from New York.

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  • U.N. Security Council approves U.S.-brokered Gaza peace plan

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    The U.N. Security Council on Monday approved a U.S. plan for Gaza that authorizes an international stabilization force to provide security in the devastated territory and envisions a possible future path to an independent Palestinian state.

    Russia, which had circulated a rival resolution, abstained along with China on the 13-0 vote. The U.S. and other countries had hoped Moscow would not use its veto power on the United Nations’ most powerful body to block the resolution’s adoption.

    The vote was a crucial next step for the fragile ceasefire and efforts to outline Gaza’s future following two years of war between Israel and Hamas. Arab and other Muslim countries that expressed interest in providing troops for an international force had signaled that Security Council authorization was essential for their participation.

    The ceasefire went into effect on Oct. 10, but accusations of violations of the terms by both Hamas and Israel had threatened to upend the deal in the weeks since its implementation. 

    The first phase of the deal called for Hamas to release all living and deceased hostages in exchange for some 2,000 Palestinian prisoners being held by Israel. While the living hostages were returned by the deadline, the remains of some of the dead hostages had not been handed over — with both Hamas and U.S. officials citing the difficulties in recovering some of the remains amid the destruction in the Gaza Strip — which Israeli Prime Minister Benjamin Netanyahu said constituted a violation.

    There have also been flare-ups of violence in Gaza, including airstrikes from Israel, which it said were in retaliation for Hamas attacks on Israeli forces, since the deal went into effect. International advocates have also accused Israel of not adhering to the requirement to deliver all of the aid it promised to Gaza in the deal.

    The U.S. resolution endorses President Trump’s 20-point ceasefire plan, which calls for a yet-to-be-established Board of Peace as a transitional authority that Mr. Trump would head. It also authorizes the stabilization force and gives it a wide mandate, including overseeing the borders, providing security and demilitarizing the territory. Authorization for the board and force expires at the end of 2027.

    “Congratulations to the World on the incredible Vote of the United Nations Security Council, just moments ago, acknowledging and endorsing the BOARD OF PEACE, which will be chaired by me, and include the most powerful and respected Leaders throughout the World,” Mr. Trump wrote on social media following the U.N. vote. He thanked the members of the Security Council, including Russia and China, and said, “The members of the Board, and many more exciting announcements, will be made in the coming weeks.”

    Hamas criticized the U.N.’s adoption of the plan, saying, “Assigning the international force with tasks and roles inside the Gaza Strip, including disarming the resistance, strips it of its neutrality, and turns it into a party to the conflict in favor of the occupation,” according to Reuters.

    “Any international force, if established, must be stationed solely on the borders to separate the forces and monitor the ceasefire, and must be entirely under the supervision of the United Nations,” Hamas said, according to Al Jazeera.

    During nearly two weeks of negotiations on the U.S. resolution, Arab nations and the Palestinians had pressed the United States to strengthen the original weak language about Palestinian self-determination.

    The U.S. revised it to say that after the Palestinian Authority — which now governs parts of the West Bank — makes reforms and after redevelopment of the devastated Gaza Strip advances, “the conditions may finally be in place for a credible pathway to Palestinian self-determination and statehood.”

    “The United States will establish a dialogue between Israel and the Palestinians to agree on a political horizon for peaceful and prosperous coexistence,” it adds.

    That language angered Israeli Prime Minister Benjamin Netanyahu, who vowed Sunday to oppose any attempt to establish a Palestinian state. He has long asserted that creating a Palestinian state would reward Hamas and eventually lead to an even larger Hamas-run state on Israel’s borders.

    A key to the resolution’s adoption was support from Arab and Muslim nations pushing for a ceasefire and potentially contributing to the international force. The U.S. mission to the U.N. distributed a joint statement Friday with Qatar, Egypt, United Arab Emirates, Saudi Arabia, Indonesia, Pakistan, Jordan and Turkey calling for “swift adoption” of the U.S. proposal.

    The vote took place amid hopes that Gaza’s fragile ceasefire would be maintained after a war set off by Hamas’ surprise terror attack on southern Israel on Oct. 7, 2023, which killed about 1,200 people. Israel’s more than two-year offensive has killed more than 69,000 Palestinians, according to the Hamas-run Gaza Health Ministry, which doesn’t distinguish between civilians and combatants but says the majority are women and children.

    Russia last week suddenly circulated a rival proposal with stronger language supporting a Palestinian state alongside Israel and stressed that the West Bank and Gaza must be joined as a state under the Palestinian Authority.

    It also stripped out references to the transitional board and asked U.N. Secretary-General Antonio Guterres to provide options for an international force to provide security in Gaza and for implementing the ceasefire plan, stressing the importance of a Security Council role.

    The U.S. resolution calls for the stabilization force to ensure “the process of demilitarizing the Gaza Strip” and “the permanent decommissioning of weapons from non-state armed groups.” A big question is how to disarm Hamas, which has not fully accepted that step.

    It authorizes the force “to use all necessary measures to carry out its mandate” in compliance with international law, which is U.N. language for the use of military force.

    The resolution says the stabilization troops will help secure border areas, along with a Palestinian police force that they have trained and vetted, and they will coordinate with other countries to secure the flow of humanitarian assistance. It says the force should closely consult and cooperate with neighboring Egypt and Israel.

    As the international force establishes control and brings stability, the resolution says Israeli forces will withdraw from Gaza “based on standards, milestones, and timeframes linked to demilitarization.” These must be agreed to by the stabilization force, Israeli forces, the U.S. and the guarantors of the ceasefire, it says.

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  • A Collision with Space Debris Leaves 3 Chinese Astronauts Stranded in Orbit

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    Wrapping up 204 days in orbit, three Chinese astronauts flew back to Earth aboard a Shenzhou spacecraft Friday, leaving three crewmates behind on the Tiangong space station with a busted lifeboat.

    Commander Chen Dong, concluding his third trip to space, and rookie crewmates Chen Zhongrui and Wang Jie touched down inside their spacecraft at the Dongfeng landing zone at 1:29 am EST (06:29 UTC) Friday. The parachute-assisted landing occurred in the mid-afternoon at the return zone, located in the remote Gobi Desert of northwestern China.

    Chinese space officials upended operations on the country’s Tiangong space lab last week after astronauts found damage to one of two Shenzhou return capsules docked at the station. The China Manned Space Agency, run by the country’s military, announced changes to the space station’s flight plan November 4, the day before three crew members were supposed to depart and fly home.

    Chen and his crewmates were preparing to board the Shenzhou 20 spacecraft for the ride back to Earth a few days after the arrival of three replacement crew members on the newly launched Shenzhou 21 capsule. Shenzhou 20 is the same spacecraft that launched Chen’s crew in April.

    But a little more than a week ago, Chinese officials said the Shenzhou 20 spacecraft was “suspected of being impacted by small space debris” and confirmed the return trip would be postponed. Officials provided no additional details.

    China’s human spaceflight agency released a cryptic statement earlier this week saying preparations were underway for the crew’s undocking and landing, but the circumstances of the return remained opaque until hours before the astronauts’ homecoming. Finally, officials confirmed the details of the return to Earth late Thursday.

    “Based on preliminary analysis of photographs, design review, simulation analysis, and wind tunnel tests, a comprehensive assessment determined that the Shenzhou 20 manned spacecraft’s return capsule window glass had developed a minor crack, most likely caused by an external impact from space debris,” the China Manned Space Agency wrote on Weibo, the Chinese social media platform. “This does not meet the release conditions for a safe manned return.”

    Chen Dong, commander of the Shenzhou 20 mission, arrives at the Dongfeng landing site in the Gobi Desert, Inner Mongolia, China, after landing on November 14, 2025.

    Photograph: STR/Getty Images

    Swapping Spacecraft in Low-Earth Orbit

    With their original spacecraft deemed unsafe, Chen and his crewmates instead rode back to Earth on the newer Shenzhou 21 craft that launched and arrived at the Tiangong station October 31. The three astronauts who launched on Shenzhou 21—Zhang Lu, Wu Fei, and Zhang Hongzhang—remain aboard the nearly 100-metric ton space station with only the damaged Shenzhou 20 craft available to bring them home.

    China’s line of Shenzhou spaceships not only provide transportation to and from low-Earth orbit, they also serve as lifeboats to evacuate astronauts from the Chinese space station in the event of an in-flight emergency, such as major failures or a medical crisis. They serve the same role as Russian Soyuz and SpaceX Crew Dragon vehicles flying to and from the International Space Station.

    Another Shenzhou spacecraft, Shenzhou 22, “will be launched at a later date,” the China Manned Space Agency said in a statement. Shenzhou 20 will remain in orbit to “continue relevant experiments.” The Tiangong lab is designed to support crews of six for only short periods, with longer stays of three astronauts.

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    Stephen Clark, Ars Technica

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  • New Nuclear Arms Race Pits U.S. Against Both Russia and China

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    The new nuclear race has begun. But unlike during the Cold War, the U.S. must prepare for two peer rivals rather than one—at a time when it has lost its clear industrial and economic edge.

    China, which long possessed just a small nuclear force, is catching up fast, while Russia is developing a variety of new-generation systems aimed at American cities.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Yaroslav Trofimov

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