Will supply chain troubles delay the debut of America’s F-47 fighter jet?

The American sixth-generation fighter jet programme is expected to face development delays stemming from supply chain challenges, according to government documents and media, as the US-China rivalry over advanced aircraft grows. Advertisement Military news site Breaking Defence reported on Thursday that the engine system for the F-47 sixth-generation fighter jet was likely to face a two-year delay and would not be completed before 2030. Citing 2026 budget documents released in June, it said development of the engines was expected to be completed in early 2030. The original timeline estimated it…

China exposes foreign postal plots to steal rare earths

Foreign spies have been using China’s postal system to “steal” rare earths, the country’s top security agency has warned, adding that it is cracking down on the smuggling channels. Advertisement In a statement posted on its social media account on Friday, the Ministry of State Security cited various tactics used by an unnamed country that it said could not produce its own rare metals and was stealing the minerals to shore up its own supplies. The ministry said it had discovered that a foreign contractor had been shipping the restricted…

Shares in non-Chinese graphite producers rally after US unveils 93.5% tariff

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares of non-Chinese graphite producers surged on Friday after the US announced anti-dumping duties of 93.5 per cent on imports from China of a mineral vital to batteries in electric vehicles. Australia-listed Syrah Resources, the largest non-Chinese graphite miner, rose 22 per cent and Canada’s Nouveau Monde Graphite jumped 26 per cent as investors bet the duties could help them compete against dominant Chinese rivals. Novonix, a dual-listed Australian-US producer,…

Former UK defence secretary Shapps defends Afghan super-injunction

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former UK defence secretary Grant Shapps said he did not believe the super-injunction banning disclosure of a huge data leak that endangered thousands of Afghan nationals should have lasted as long as it did, in an apparent attempt to pass the buck to the Labour government. “I don’t think it should have carried on as long as it has, I’m surprised that it has — those questions are for others,”…

China shores up status as top shipbuilder with Shanghai port expansion

Already the world’s busiest shipping port, China’s financial centre Shanghai is now positioning itself as a world-class shipbuilding hub, with an eye on high-value models such as those designed to transport liquefied natural gas (LNG) and containers. Advertisement The Shanghai municipal government has unveiled plans to augment its shipyards on Changxing Island, situated across the southern mouth of the Yangtze River and near the Yangshan Deep-Water Port. The Yangshan facility, a component of the Port of Shanghai, holds sea trials for large vessels. Hi-tech ships such as LNG carriers and…

China cuts US Treasury stockpiles to the lowest level since 2009

China trimmed its US Treasury holdings for a third straight month in May, amid escalating trade tensions with Washington and mounting concerns over a sweeping tax and spending bill. Advertisement Beijing’s holdings fell to US$756.3 billion from US$757.2 billion in April, according to US Treasury Department data. That was the lowest level since March 2009, based on figures compiled by Wind. The decline has continued since March, when China dropped to third place among foreign holders, behind Japan and the United Kingdom. In May, China and the US agreed to…

Beijing warns Chinese students of security and safety risks in Philippines

Beijing has issued a warning to Chinese students planning to study in the Philippines, its competitor in a highly contentious territorial dispute over the South China Sea, citing recent safety concerns and a string of criminal cases targeting Chinese nationals. Advertisement In a statement released on Friday, China’s education ministry urged students to “carefully assess security risks” and “strengthen safety awareness” before heading to the Southeast Asian country. “Recently, public security in the Philippines has been unstable, with frequent crimes targeting Chinese citizens. The Ministry of Education reminds all students…

Wells Fargo halts travel to China after senior banker hit with exit ban

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Wells Fargo has stopped work travel to China after authorities there prevented a senior trade finance banker from leaving, amid strained relations between Beijing and Washington. Chenyue Mao, an Atlanta-based managing director at Wells Fargo and a US citizen, was barred from departing China after she recently travelled there for work, according to a person familiar with the matter. Mao’s exit ban led Wells to halt all work…

China bars Wells Fargo banker from leaving country

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China has prevented a Wells Fargo banker from leaving the country, the American bank said, adding to concerns about travel there as tensions with Washington remain high. A Wells Fargo spokesperson said the bank was “closely tracking this situation and working through the appropriate channels so our employee can return to the United States as soon as possible”. The reasons for the exit ban are unclear. The case comes…

How a fire beetle inspired Chinese infrared tech that could aid defence

After spending years studying advanced infrared sensors, a group of Chinese researchers has produced a device that could be used to build a surveillance network more powerful and effective than the proposed US missile defence system known as the “Golden Dome”. Advertisement The Chinese technology, which is capable of unprecedented detection speeds 20,000 times faster than conventional technology, was inspired by nature’s most sensitive heat seeker – the fire beetle. Infrared sensing technology is vital for detecting objects in challenging settings where smoke, fog or dust may obscure conditions. It…