Day: June 25, 2025

China’s top intelligence agency says a recent CIA campaign aimed at recruiting informants from China is a sign the US spy agency is desperately looking for ways to survive as Washington slashes budgets. Advertisement “Yet, as resources shrink, the CIA has doubled down on hyping the ‘China threat’ as its lifeline, peddling fear to Congress and taxpayers to carve out a larger slice of the budget pie,” the Ministry of State Security (MSS) said in an article published on Wednesday on its official WeChat account. The post, published in both…

Chinese military analysts have closely followed Saturday’s US strikes on Iranian facilities, and especially the bombs used – the GBU-57, a powerful “bunker buster” designed to penetrate deeply buried targets. Advertisement While praising the success of the B-2’s long-range delivery and the bunker buster’s performance, they also pointed out the limitations in its effectiveness, especially against sites like Fordow that are deep underground. Mainland China is believed to have the world’s most extensive underground bunker systems and its own bunker-busting weapons, as well as ambitions to target facilities, including those…

China plans to use new mining technology and also dig deeper to increase gold production over the next three years as demand for the precious metal soars amid rising geopolitical tensions. Advertisement In the 2025-2027 gold industry development action plan released on Monday, the Ministry of Industry and Information Technology and eight other agencies pledged to increase China’s gold reserves by 5 to 10 per cent and also raise gold output by more than 5 per cent. “Gold is a strategic mineral resource with both commodity and currency attributes, and…

China is doubling down on its efforts to encourage domestic consumption, with the central government and the country’s wealthiest province rolling out policies aimed at providing structural financial support and on-the-ground incentives. Advertisement Continued policy support is crucial to keep China’s domestic consumption afloat as trade uncertainties and unemployment pressures persist, analysts said. The People’s Bank of China (PBOC) said on Tuesday that a 500 billion yuan (US$69.68 billion) relending quota announced last month will help 21 national financial institutions and five key city commercial banks establish consumption and pension…

The world’s energy demands in 2050 could be met by an interconnected global solar-wind energy system producing three times the amount of power needed at a lower cost than independent regional systems, according to a Chinese-led study. Advertisement The researchers studied how to create a network drawing on regions with abundant renewable energy potential to provide energy across and between continents to areas with high needs. While an international renewable energy market could be created by optimising solar and wind renewable energy deployment, the team said setting up such a…

No EU institution has clashed more often – or more loudly – with China than the European Parliament. Advertisement While others tiptoe around thorny issues, its members have for years engaged in running battles with Beijing, taking aim at everything from human rights and trade to Taiwan and foreign meddling, sometimes sending the broader EU-China relationship spiralling. In recent months, however, a remarkable reset has been under way, led by President Roberta Metsola, who has sought to normalise relations with Beijing after four years of estrangement. Perhaps unsurprisingly given the…