North Korean leader Kim Jong-un will attend military parade in Beijing

North Korean leader Kim Jong-un will travel to China to attend next week’s military parade marking the 80th anniversary of the end of World War II, Beijing has announced. Advertisement It will be Kim’s first visit to China since 2019. He will join Chinese President Xi Jinping and Russian leader Vladimir Putin – key allies of isolated North Korea – at the event on Wednesday. They will be among a number of leaders at the parade, which will see thousands of goose-stepping soldiers in Tiananmen Square and some of the…

JD’s property arm joins 2 firms in US$1 billion Singapore Reit: sources

The property investment arm of Chinese e-commerce giant JD.com and two other firms plan to launch a Singapore-based real estate investment trust (Reit) with assets potentially valued at more than US$1 billion, said two sources with knowledge of the matter. Advertisement JD Property, the unlisted infrastructure investment and asset management platform of JD.com, is setting up the Reit with Swiss investment firm Partners Group and EZA Hill Property, which is backed by Asian investment firm Hillhouse, the sources said. The planned Reit could be listed on the Singapore Exchange as…

China won the rare earths race. Can it stay on top?

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80 years on from WWII, has China become a main guarantor of the post-war order?

Ahead of the 80th anniversary of Victory Day, marking the end of the Sino-Japanese war and the global fight against fascism, we look at the profound changes of the post-war period and how they continue to affect China’s place in the world. Part one of this series examines how the Chinese sacrifices of the conflict underpin Beijing’s determination to uphold global norms. Advertisement An estimated 35 million Chinese soldiers and civilians died as part of their country’s sacrifice as a key Allied power, yet 80 years later China finds itself…

Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars

Nvidia is set to report its second-quarter earnings on Wednesday, in a first test of investor appetite since last week’s mass AI-stock selloff. All eyes will be on the chipmaker’s latest financials as the company sets the tone for the rest of the AI industry after a turbulent week in the sector. Several tech stocks saw shares tumble last week amid growing questions over whether AI-driven companies are being overvalued, including an MIT report that said 95% of AI pilots fail to grow company’s revenues and statements from the OpenAI…

Beijing slams Washington after Panama lawmakers join ‘anti-China’ group

China’s state media and diplomats lashed out at Washington on Wednesday after nine Panamanian lawmakers joined a global parliamentary alliance that Beijing denounced as an anti-China front. Advertisement The move, announced in Panama’s National Assembly a day earlier at a ceremony backed by the US ambassador, drew sharp criticism from state outlets such as the China Daily and Global Times, which accused Washington of coercion and manipulation. The lawmakers declared their membership in the Inter-Parliamentary Alliance on China, known as IPAC, on Tuesday. The event was attended by US Ambassador…

TikTok owner set to launch share buyback valuing company at $330bn

ByteDance, the owner of the short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330bn, driven by continued revenue growth, said three people with knowledge of the matter. The company plans to offer current employees $200.41 per share in the repurchase program, the people said, up 5.5% from $189.90 each it offered them about six months ago which valued ByteDance at roughly $315bn. The buyback is expected to be launched in the autumn. The latest buyback at…

Inside India’s endless trials

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I didn’t even manage to pick out a pair of curtains for my new Mumbai apartment before I was threatened with eviction. Three weeks after moving in, a local judge ordered the 60-year-old apartment block be vacated immediately due a clash with the land owner.  As a recent transplant from New Delhi, the notice was unnerving. Yet none of the other 160-odd families living in the five apartment towers seemed…

Damaged Chinese ship now under repair, satellite images show

The Chinese coast guard ship that was damaged in a collision with another Chinese vessel in the South China Sea earlier this month is now being repaired at Hainan Island, according to satellite images published by Reuters. The news agency reported Wednesday that images show the vessel with a crushed bow near a dry dock at the Yulin naval base near Sanya, a city on Hainan. china-damaged-ship A satellite image of the recently damaged Chinese coast guard vessel under repair, at Yulin Naval Base in Sanya, Hainan Island, China, Aug.…

China steps up Belt and Road Initiative funding with focus on Central Asia

Investments under China’s Belt and Road Initiative surged in the first half of the year – particularly for projects in Central Asia related to metals and mining – leading some analysts to conclude Beijing is seeking access to critical natural resources as a precaution against escalatory trade restrictions from the United States. Advertisement The 150 countries taking part in the global infrastructure initiative received a combined US$124 billion in investments and construction contracts from January to June, more than the US$122 billion reported for all of 2024, the US-based China-Global…