Current geopolitics might suggest that Western scientists have been in general alignment with the United States in the global race for fusion energy – but some of Europe’s top nuclear physicists are placing their bets on China. Advertisement Targeted for completion in 2027, the Burning Plasma Experimental Superconducting Tokamak (BEST) in Hefei, central China, is rapidly attracting international talent frustrated by slow progress elsewhere. On Monday, the interest in China was formalised when researchers from several European nations arrived in the city to sign the Hefei Fusion Declaration. The agreement,…
Day: November 25, 2025
China’s private defence companies see opportunities amid growing conflicts
Escalating global conflicts could create opportunities for China’s private defence companies as customers, both at home and abroad, seek affordable and reliable military equipment, according to industry insiders. Advertisement “The international landscape is highly favourable for our private enterprises’ participation in the defence industry,” said Li Yi, a researcher with Beihang University’s Shenzhen Research Institute. Li made the comments on Monday at a military exhibition in the southern city of Shenzhen. Li, a former member of the People’s Liberation Army armaments department, said the Russia-Ukraine war and the India-Pakistan conflict…
China leapfrogs US in global market for ‘open’ AI models
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. China has overtaken the US in the global market for “open” artificial intelligence models, gaining a crucial edge over how the powerful technology is used around the world. A study by the Massachusetts Institute of Technology and open-source AI start-up Hugging Face found that the total share of downloads of new Chinese-made open models rose to 17 per cent in the past year. The figure surpasses the 15.8 per cent…
Why China’s space sector is grabbing attention – including from Elon Musk
On Saturday, the Beijing-based start-up LandSpace reportedly plans to conduct the maiden launch of its Zhuque-3 rocket – a reusable launch vehicle that could significantly boost China’s space industry by lowering the cost of lifting equipment such as satellites into orbit. Advertisement The prospect of China mastering reusable rockets – a technology pioneered by US-based SpaceX – has attracted significant attention from aerospace experts, and even drew comment from SpaceX CEO Elon Musk last month. In this explainer, the Post breaks down the current state of China’s commercial space industry,…
Sour grapes? European wines left on the rack as China’s consumers cut back
As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage landscape. This three-part series examines the challenges faced by Maotai town as its once-coveted baijiu loses its lustre, the impact of economic shutdowns on European wine imports, and the rise of craft beer as a budget-friendly alternative for consumers seeking quality without breaking the bank. Advertisement Marshall Su, a 30-year-old headhunter based in Shanghai, has long been a wine enthusiast. But these days, he is more likely to open a…
FirstFT: VW says it can halve EV development costs with China-made car
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning and welcome back to FirstFT Asia. In today’s newsletter: Volkswagen has said it can produce an electric vehicle entirely made in China for half the cost of doing so elsewhere, as the German automaker fights to reclaim its share in the world’s biggest market. What to know: Europe’s largest carmaker said yesterday that,…
Protests erupt in China’s Guizhou province over cremation mandate
Protests have erupted in China’s southern Guizhou province, the latest in a string of rural demonstrations that have seen incidents of unrest increase by 70% compared with last year. The protests in Shidong town started over the weekend in response to a directive from local authorities that people should be cremated rather than buried after their death. Guizhou is a poor, rural province away from the urban hubs of Shenzhen and Shanghai. In unverified footage from the protests shared on X by the protest-tracking account Yesterday Big Cat, a villager…
The fracturing of the world economy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What lies ahead for the world economy? A plausible answer is that it has started to splinter. This is the argument of Neil Shearing, group chief economist at Capital Economics, in his thoughtful new book The Fractured Age. Fracturing, he notes, is not the same as “deglobalising”. Trade and other forms of globalisation might not shrink by much. This should be nothing like the collapse of the 1930s. But trade…
Trump may attend Apec in China next year, US treasury chief says
US Treasury Scott Bessent said on Tuesday that Trump may travel to China in November 2026 for the Asia-Pacific Economic Cooperation summit, one of four possible in-person meetings between US President Donald Trump and Chinese President Xi Jinping in 2026. Speaking on CNBC shortly before US markets opened, Bessent said the US and China will always be natural rivals, but their relationship is currently in a good place. Addressing a central concern for Trump and his team – rising inflation and the… South China Morning Post
Chinese civilian firm starts mass production of Mach 7 missiles at low cost
A private Chinese aerospace company has become the first in the world to start mass production of a low-cost, high-performance hypersonic missile, suggesting a seismic shift in military technology and defence industrial dynamics. Advertisement On Tuesday, Beijing-based Lingkong Tianxing Technology released a video on its official social media account showcasing the YKJ-1000 hypersonic missile in flight and how it struck a real target in a desert testing range. A company representative said the missile was already in mass production at just one-tenth the cost of traditional missiles. The missile has…