China has 3 reusable rockets lined up for launch as they vie to make history

The race to launch China’s first reusable rocket is heating up, with three contenders now lined up at the Jiuquan Satellite Launch Centre in the country’s northwest for flights that could make history. Both the Long March 12A and Zhuque-3 are aiming for December lift-offs that will try to reach orbit and bring their first stages back to Earth about 400km downrange. Tianlong-3 is also designed for reuse, but is not expected to attempt a landing on its debut flight. The Long March 12A is aiming for a December launch.…

China launches 19-point plan to spur consumption by 2030

China has launched a 19-point plan to better align the supply of consumer goods with demand, as Beijing steps up its efforts to rebalance its economy towards a consumption-driven growth model. A document outlining the plan that was issued by the Ministry of Industry and Information Technology and five other departments on Wednesday laid out goals that included the cultivation of three consumption sectors each worth over 1 trillion yuan (US$141.2 billion) by 2027, as well as 10 hotspots worth 100 billion yuan each. The trillion-yuan sectors included products for…

China’s tech giants take AI model training offshore to tap Nvidia chips

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UK Budget boosts taxes to all-time high

S&P Global Ratings calls into question Tether’s ability to maintain its US dollar peg, and UK chancellor Rachel Reeves takes the wraps off the highly anticipated Budget. Plus, India’s booming steel production might be helping the domestic economy, but it’s causing environmental damage and trade tensions Mentioned in this podcast: S&P downgrades Tether’s assets to lowest level UK Budget 2025: Reeves raises taxes by £26bn to all-time high The cost of India’s hunger for cheap steel Note: The FT does not use generative AI to voice its podcasts Today’s FT…