The ongoing Dutch restrictions against Chinese-owned chipmaker Nexperia risk causing “multi-layered and irreversible” real-world damage to the stability of semiconductor supply chains in Europe and globally, deputy chief of a chip industry association has warned in an exclusive interview with the Global Times. The comments from Wei Shaojun, vice chairman of the China Semiconductor Industry Association (CSIA), came in response to the Netherlands placing Nexperia under special administrative measures over so-called security concerns. The Dutch Ministry of Economic Affairs revealed on October 12, 2025 that it had invoked the 1952…
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Chinese A-share tech stocks extended last week’s rally on Monday, with more than half of the sector rising in early trading and seven stocks posting gains of more than 5 percent. On Sunday, Bloomberg described China’s market performance by “another key element of investing in Asia tech.” Earnings growth for a gauge of China’s tech megacaps is poised for a major inflection point in 2026 when it’s expected to overtake Magnificent 7 for the first time since 2022, Bloomberg reported on Sunday. As enthusiasm for the nation’s tech sector picked…
China announced on Friday that it will change export tax rebates for a range of products, including photovoltaic and battery products. The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from April 1, 2026. Meanwhile, the export tax rebate rate for the value added tax of battery products will be reduced from 9 percent to 6 percent starting from April 1, 2026, and will be eliminated starting from…
In his annual address to French ambassadors at the Élysée Palace in Paris on Thursday, French President Emmanuel Macron outlined France’s foreign policy priorities, sharply criticizing the US for “gradually turning away” from some of its allies and “breaking free from international rules,” while leveling criticisms and claims against China and Russia, according to a press release issued by the Élysée Palace. A Chinese expert noted that Macron’s criticism appears to be mostly aimed at the US following a series of Washington’s actions, although he also criticized Russia and made…
“Avatar: Fire and Ash” has continued the franchise’s unbeatable winning streak. James Cameron’s latest “Avatar” film has grossed over $1 billion at the global box office, making the franchise the highest-grossing trilogy in history, and is one of only four films in 2025 to cross the worldwide billion-dollar mark. It will likely not break the records of the first or second film. But even so, you cannot argue that the series is anything short of a colossal success. One of the things few people discuss about the “Avatar” films is…
The Department of Homeland Security (DHS) reported Wednesday that a woman shot by a U.S. Immigration and Customs Enforcement (ICE) officer in Minneapolis has died. Homeland Security officials have described the shooting as an act of self-defense, while Minnesota governor Tim Walz and Minneapolis mayor Jacob Frey have pushed back on this account. DHS spokesperson Tricia McLaughlin stated that the shooting occurred when ICE officers fired “defensive shots” in response to the woman “attempting to run over our law enforcement officers” with her vehicle. Secretary of Homeland Security Kristi Noem…
WASHINGTON, Jan 7 (Reuters) – President Donald Trump said on Wednesday the 2027 U.S. military budget should be $1.5 trillion, significantly higher than the $901 billion approved by Congress for 2026, boosting defense stocks, but sparking skepticism among budget experts. Any such increase in the military budget would require congressional authorization, which could pose a challenge, although Trump’s Republicans, who hold slim majorities in both the Senate and House of Representatives, have shown little appetite for objecting to Trump’s spending plans. rump said in a Truth Social post that he…
When Karyna Kovalevska, an 18-year-old from Ukraine, first visited China in 2019 as part of a Confucius Institute summer exchange program, she never imagined the country would one day become her second home. The program began in Anhui province, where she eagerly took on the challenge of learning an entirely new language. Chinese wasn’t easy — but it was exciting. “It’s so different from Ukrainian or Russian,” she said. “It felt like stepping into a whole new world.” Kovalevska was amazed by the kindness and generosity she encountered, even though…
China’s top aircraft manufacturer, the Aviation Industry Corporation of China (AVIC), on Wednesday announced that it had hosted first flights of the new year for the J-35 carrier-based stealth fighter jet among other types of aircraft, accompanied by photos and a video. An expert said the move demonstrated China’s confidence in its warplane production capabilities. AVIC revealed in Weibo posts on Wednesday that a J-35 conducted its maiden flight of the new year on Tuesday at the AVIC Shenyang Aircraft Corporation in Shenyang, Northeast China’s Liaoning Province. The J-35 carrier-based…
More than three years after what was believed to be their perfect career finale, China’s Olympic champion figure skaters Han Cong and Sui Wenjing, having both indefinitely retired since winning the pairs gold at Beijing 2022, are heading to Milano-Cortina 2026 to embark on their third Olympic campaign, hoping their bold comeback against long odds will give their country’s struggling program a needed boost. Although still rusty in their routines, and apparently not quite in their best shape, the returning veterans have proved that they remain the go-to pair for…