At a time when the United States is decoupling from China on cutting-edge chip technology, Nvidia has unveiled its list of suppliers for the advanced 800 VDC power architecture powering next-generation AI data centres. Advertisement Among American and European giants was an unexpected name: Innoscience, a Chinese company specialising in gallium nitride (GaN) technology. Innoscience marks China’s growing clout in the high-stakes semiconductor race, and behind the company’s rapid rise is Luo Weiwei, a former Nasa scientist who spent 15 years advancing aerospace technologies in the US before returning to…
Day: August 28, 2025
India’s Modi to meet Xi and Putin on first China trip in seven years as US tariffs bite
Indian prime minister Narendra Modi will land in China this weekend for his first visit in seven years – a trip that puts him in the company of Chinese president Xi Jinping and Russian president Vladimir Putin just as India’s ties with Washington have soured. Modi’s visit to Tianjin for a regional security summit comes days after the US doubled tariffs on Indian exports to 50%, citing New Delhi’s refusal to stop buying Russian oil. The row has upended years of deepening cooperation between India and the US, built on…
McKinsey’s Vivek Pandit: India’s GDP growth at risk without Trump trade deal
This online version of the India Business Briefing newsletter is free to read today. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. Many of you have written to us over the past eight months asking for longer interviews with India’s top decision makers. So here we are! Welcome to the inaugural edition of the India Business Briefing Q&A series, where we bring you an in-depth interview with a senior industry leader on the last Friday of every month. We…
Hong Kong can rival US, UAE as a crypto hub, Binance founder CZ says
Hong Kong has the conditions to become a major hub for virtual assets, rivalling markets like the US and the United Arab Emirates (UAE), but the city’s regulators must act swiftly to realise its potential, according to Zhao Changpeng, founder and largest shareholder of cryptocurrency exchange Binance. Advertisement In an exclusive interview with the South China Morning Post on Friday, Zhao, widely known as CZ, said the Hong Kong government had shown a “very clear attitude towards embracing Web3” and had the capability to move quickly. “We shouldn’t evaluate a…
Love, hate and the post-war paradox of China-Japan relations
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. In the second part of this series, Shi Jiangtao looks at the often contradictory sentiments in relations between the two countries. Advertisement Eighty years after the end of World War II, a harrowing cinematic portrayal of Japanese wartime atrocities during the 1937 Nanking massacre has reignited memories of…
How China can help rewrite the future of Indonesian palm oil
Indonesian President Prabowo Subianto has launched a campaign against illegal palm oil plantations, seeking to reclaim millions of hectares of forest lost to unchecked expansion. Advertisement The authorities confirm that plantations on 3.7 million hectares are illegal, and more are under review. In Riau, the heart of Indonesia’s palm oil economy, the government has begun dismantling plantations in Tesso Nilo National Park and relocating families who have long lived within its shrinking forest boundaries. Palm oil is often treated as a commodity, yet it is also a mirror of civilisation.…
US warns China-linked groups may be laundering billions for Mexican cartels
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Networks linked to China may have laundered some $300bn through US banks in the past five years, according to the US Treasury, warning institutions to be vigilant to the schemes that often benefit Mexican drug cartels. The US Financial Crimes Enforcement Network (FinCEN) said on Thursday that about $312bn of suspicious transactions associated with suspected Chinese money laundering networks had been reported between January 2020 and December 2024.…
Who’s Coming to China’s 2025 Victory Day Military Parade?
In recent weeks, Western audiences encountered two starkly different portraits of China’s economic model. In his book “Breakneck,” tech analyst Dan Wang argues that China is an “engineering state” that builds fast and learns by doing, a stark contrast to what he terms America’s stagnant “lawyerly society.” Separately, on the Lex Fridman Podcast, economist Keyu Jin described a highly decentralized, market-driven system – a “mayor economy” where local competition fuels innovation. Both stories resonate because they offer compelling explanations for China’s eye-popping infrastructure, its dominance in solar and electric vehicles…
Mexico considering higher Chinese import tariffs at US urging: report
Mexico is preparing to raise tariffs on Chinese imports of automobiles, textiles and plastics, Bloomberg News reported on Thursday, under a proposal expected to be part of the 2026 budget to be submitted to the nation’s Congress next month. Advertisement If confirmed, the increase would mark one of Mexico’s sharpest trade shifts in recent years. Officials in Washington have urged the move as part of US President Donald Trump’s push to build a “Fortress North America” and reduce dependence on Chinese supply chains. Trump has been a long-time critic of…
North Korea’s Kim Jong Un to attend military parade in China
North Korean leader Kim Jong Un will attend an expansive military parade in China next week — the first event to bring him together with a clutch of world leaders since he assumed office in 2011. Video: Kim Jong Un, Xi Jinping and Vladimir Putin to meet in BeijingChinese President Xi Jinping extended Kim’s invitation to the event, which marks 80 years since Japan’s surrender in World War II, North Korean state media reported Thursday. Kim will be among 26 foreign leaders who are expected to attend, including Russian President…