Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two former employees of Taiwan Semiconductor Manufacturing Company and a third suspect have been arrested for allegedly stealing proprietary technology from the world’s biggest chipmaker, prosecutors in Taiwan said on Tuesday. TSMC, which reported the case to prosecutors, said it had taken legal action against the staff after routine internal monitoring found they had been involved in “potential trade secret leaks”. Investigators have also searched the premises of Japanese chip…
Month: August 2025
China needs smarter, not less, investment to unlock household demand
“Boosting consumption” has become one of the most familiar refrains when it comes to discussing China’s economy. From official statements to think tank reports, the idea that China must pivot away from its decades-long reliance on investment and exports towards a more consumer-driven model has gained near-universal traction. Advertisement However, this growing consensus risks simplifying a far more complex question: what exactly is the role of consumption in China’s growth, and is its perceived weakness truly the root of the country’s economic challenges? China’s supposed failure to unlock household demand…
Beijing ‘on high alert’ for disruption after Philippine-India navy patrol: PLA
Beijing is on high alert for New Delhi’s involvement in South China Sea disputes after the first-ever joint patrol between India and the Philippines in the strategically important waters, which observers say may further complicate relations between India and China. Advertisement The assessment was made as Indian and Philippine navies on Monday wrapped up their maritime cooperative activity (MCA), which coincided with a state visit by Philippine President Ferdinand Marcos Jnr to India. The MCA involved three Indian naval vessels, including a guided missile destroyer and an anti-submarine corvette. 05:22…
Chinese city orders real-name registration for chikungunya fever medication
The southern city of Foshan has required real-name registration for medication to treat chikungunya fever, while two cities in southeastern China have asked travellers returning from affected areas to monitor their health for signs of the mosquito-borne illness. Advertisement The market supervision bureau in Foshan, Guangdong province issued a public notice on Sunday asking all retail pharmacies to start real-name registration and to keep records when selling medications to treat symptoms of chikungunya, including fever, rashes and joint pain. This practice was also used during the Covid-19 pandemic to help…
China warns EV makers to stop price-cutting to protect the economy
China is urging its electric vehicle industry to stop cutting prices and rein in production amid fears that persistent deflation is imperilling economic growth. In recent months Chinese officials have talked repeatedly of the need to combat “involution” in sectors suffering from overcapacity, such as EVs, referring to the phenomenon of investing more effort and money for diminishing returns. Xi Jinping has spoken of the problem directly. In an unusually blunt speech this month, China’s president criticised provincial governments for blindly overinvesting in artificial intelligence, in computing power and in…
What clues do we have about China’s new KJ-3000 long-range AEW&C plane?
Advertisement Its design is based on a modified version of the country’s long-serving transport plane the Y-20B, and its most distinctive addition is a radar dome on top of the fuselage that hides an array of advanced equipment. China is trying to rapidly grow its fleet of airborne information command centres with at least three new models in the pipeline: the lightweight shipborne KJ-600, the medium-sized KJ-700, and the largest and most advanced KJ-3000. Although other militaries, including the United States, have decided the planes are not suited for modern…
Australia wants its port back
US President Donald Trump wants to raise tariffs on India and the CEO of Deutsche Bank approved a controversial trade he was later tasked with probing. Plus, Australia wants a port they sold to China back, and Tesla’s board gave chief executive Elon Musk $30bn worth of shares after threats from him to resign. Mentioned in this podcast: Donald Trump to raise tariffs on India over Russian oil purchases Deutsche Bank chief approved controversial trade he was later tasked with probing The remote Australian port caught in a US-China security…
China wants people to eat more high-quality beef, unveils quality-grading system
Amid falling prices and stiff competition from imports, China has unveiled plans to bolster the cattle industry – the latest in a series of policies aimed at strengthening key agricultural sectors. Advertisement China will step up its beef production and implement a quality-grading system for locally produced beef to promote consumption of high-quality versions of the meat – part of an effort announced by the nation’s top economic planner and nine government departments to boost consumption of farm produce. A top producer and consumer of agricultural products, China will unleash…
Australia picks Mitsubishi over German rival Thyssenkrupp for $6.5bn defence deal
Stay informed with free updates Simply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox. Mitsubishi Heavy Industries has been selected as the preferred bidder to build a new fleet of Australian frigates, beating German rival Thyssenkrupp in a significant win for Japan’s defence industry. The order to build up to 11 frigates is worth as much as A$10bn ($6.5bn) in its first phase. It will be Japan’s first deal to export warships, some of which will be built in Australia with a partner.…
Australia picks Mitsubishi over German rival for $6.5bn defence deal
Stay informed with free updates Simply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox. Mitsubishi Heavy Industries has been selected as the preferred bidder to build a new fleet of Australian frigates, beating German rival Thyssenkrupp in a significant win for Japan’s defence industry. The order to build up to 11 frigates is worth as much as A$10bn ($6.5bn) in its first phase. It will be Japan’s first deal to export warships, some of which will be built in Australia with a partner.…