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The Latest Breaking News from China

China's SMIC Foundry Fumbles, 80% Decline In Profit

SMIC's profit in Q3 of this year was just 20% of what it was in Q3 of 2022.

Tom’s Hardware

Bulgaria signs Artemis Accords for peaceful moon exploration

Bulgaria became the 32nd nation to sign the Artemis Accords in a signing ceremony Nov. 9 with NASA Administrator Bill Nelson and Milena Stoycheva, Bulgaria's minister of innovation and growth.

Space

China's Largest Bank Forced to Settle Trades by USB Stick After Ransomware Attack

China's ICBC is the world's largest bank, and it was hit with ransomware earlier this week.

Tom’s Hardware

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The U.S. Is ‘10 To 20 Years Behind Asia’ In Battery Manufacturing And Research: Report

A letter signed by two U.S. senators urges the Energy Department to step up America’s battery research game. But can the U.S. rise up to the challenge?

InsideEVs

BABA vs. JD: Which Is the Better Chinese Tech Stock to Buy Now?

Chinese tech stocks have continued to underperform in 2023, even as their counterparts in the U.S. have rebounded. Among Chinese tech names, Alibaba and JD.com are both worth considering after the sell-off - but there's an argument to be made that one of these tech stocks looks more compelling right…

Barchart

China's largest bank hit by ransomware attack

LockBit used a well-documented vulnerability called CitrixBleed to hit ICBC, researchers claim.

TechRadar

Joe Biden to meet with Xi Jinping – what a good result looks like for the US president

US president, Joe Biden, is expected to meet China’s leader, Xi Jinping, in San Francisco as part of the Asia-Pacific Economic Cooperation (Apec) conference on Wednesday November 15.

The Conversation

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Ronnie O’Sullivan: ‘My cue is like a wand, I can produce magic with it’

The seven-time world champion, the subject of a new feature-length documentary, is in fine form while playing at the International Championship in China

The Independent UK

Chinese AI Firm Stockpiled 18 Months of Nvidia GPUs Before Export Ban

China-based AI startup says it has enough of Nvidia GPUs to keep developing for 18 months.

Tom’s Hardware

India, U.S. in agreement on strategic issues: Rajnath

India-U.S. defence ties grow, focus on countering China's aggression, promoting free Indo-Pacific, and enhancing defence industrial cooperation. Talks cover maritime security, easing tech restrictions, resilient supply chains, and joint research. India-U.S. Defence Industrial Ecosystem, INDUS-X, launched to expand tech partnership.

The Hindu

Albanese has threaded a needle between the US and China. Now he needs to do the same on Israel-Hamas at home

Australia is not a player in Middle East politics – but the domestic fallout from the conflict has significant implications for social cohesion

The Guardian - AU

Tuvalu residency and security treaty: what is it and why is Australia doing it?

The deal helps offset criticism from the Pacific about Australian emissions, but it also brings it into the western orbit and away from China

The Guardian - AU

168 villages along China border will be connected in one year, says Amit Shah

Union Home Minister Amit Shah announced that 168 villages along the India-China border will be connected by road and other forms of communication in the next year. He also said the vibrant village programme (VVP) will ensure that all facilities and infrastructure reach these villages.

The Hindu

Biden and Xi will meet in bid to ‘stabilise’ China-US relationship

The two leaders will meet on 15 November in the San Francisco Bay Area during next week’s Asia Pacific Economic Cooperation leaders’ meeting

The Independent UK

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The Guardian - UK

Why Germany’s economic miracle is facing a new reality

In 1923, the country was rocked with hyperinflation, now the retreat from globalisation is exposing the fragility of its industrial model

Zenger

Nvidia Dodges US Export Restrictions Again With Launch Of Three New Chip Models Tailored For China

Nvidia Corp stock is soaring after the company again confirmed its intention to dominate the Chinese chip market

The Guardian - UK

Red Memory by Tania Branigan audiobook review – tracing the scars of China’s Cultural Revolution

Sons denounce mothers, students attack teachers: firsthand accounts from those caught up in Mao’s ruthless ideological purge during the 60s and 70s

The Independent UK

Koi emerges as new source of souring relations between Japan and China

In recent years, koi have become hugely popular in Asia, with exports doubling over the past decade

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Fortune

Biden must decide whether patent-infringing Apple watches can be imported into the U.S. from China by Christmas–but Congress could neuter America’s ability to protect its IP altogether

The U.S. International Trade Commission (ITC) recently issued an order that could prohibit imports of some Apple Watch products.

Caixin Global

U.S. Subsidiary of China’s Largest Bank Hit by Ransomware Attack

The systems of the ICBC head office and other affiliated institutions are not affected by the incident, the unit says

Fortune

Suspected Russian hackers disrupted the market in U.S. Treasuries by attacking China's, and the world's, largest bank

ICBC was reportedly forced to conduct some trades via a portable USB drive after the bank was hit by a ransomware attack.

The Independent UK

China denies accusations of forced assimilation and curbs on religious freedom in Tibet

A government official from China’s Tibetan region has rejected allegations of forced assimilation and curbs on religious freedom, while stressing that Tibetan Buddhism should adapt to the Chinese context

Al Jazeera

About 90,000 people displaced by Myanmar conflict: UN

Aid efforts are struggling as fighting between Myanmar’s military and ethnic armed groups intensifies.

Caixin Global

Shanghai Composite Index Fell 0.47% on Friday

Shenzhen Component Index closed down 0.53%

The Independent UK

Top US and Indian diplomats and defense chiefs discuss Indo-Pacific issues and Israel-Hamas war

The top diplomats and defense chiefs of India and the United States met in New Delhi focusing on security issues in the Indo-Pacific, China and the Israel-Hamas war

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