China’s jobless rate for young people eases to 16.9% as graduates settle for less

China’s youth-unemployment rate ticked lower in November, though competition remains fierce for university graduates trying to find work that matches their qualifications. The jobless rate for those aged 16 to 24, excluding students, fell to 16.9 per cent in November from 17.3 per cent in October, according to data released by the National Bureau of Statistics on Thursday. Advertisement The job market, weighed down by deflationary pressure and external risks, remains plagued by a mismatch between skills and vacancies, pushing many graduates to settle for blue-collar jobs or gig work.…

China offers ‘wonderful opportunity’ for scientists, leading European neurologist says

China is emerging as a rising powerhouse for scientific innovation at a time when scientific research in the United States faces growing funding instability, according to Belgian neurologist Steven Laureys. “There’s a wonderful opportunity for me to work with China. And I’m very happy that China is investing in science in these challenging times with [Donald] Trump, because I’m also an invited professor at Harvard. It’s good to see that we benefit from funding there,” he said. Advertisement “That’s the power of China – to have this political organisation where,…

Trump gives himself high marks in 2025 report card, with his eyes on 2026 fight

US President Donald Trump addressed the nation on Wednesday, highlighting what he described as his administration’s achievements in 2025 and promising to build on his “Make America Great Again” agenda in the next year. In a defiant 18-minute address from the White House, Trump awarded his administration straight A’s for what he hailed as a year of unprecedented American greatness. “We are making America great again tonight, after 11 months, our border is secure. Inflation has stopped. Wages are up, prices are down. Our nation is strong. America is respected,…

China’s military calls for tip-offs as it targets corruption in air force procurement

The People’s Liberation Army has made a rare public appeal for tip-offs about procurement problems in its air force, as Beijing presses ahead with its anti-corruption campaign in the military. The announcement was posted on Monday on the PLA’s official procurement website – the main bid information platform for suppliers – seeking information about “irregular” procurement activities organised by air force units. It is the first time such a request has been made about a specific branch of the military, which comprises the ground force, navy, air force and rocket…

China to hike tax on condoms in attempt to boost falling birth rate

China is set to impose a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades, as the country tries to boost its birthrate and modernise its tax laws. From 1 January, condoms and contraceptives will be subject to a 13% VAT rate – a tax from which the goods have been exempt since China introduced nationwide VAT in 1993. The measure was buried in a VAT law passed in 2024 in an effort to modernise China’s tax regime. VAT accounts for nearly 40% of…

South Korea’s market moonshot is a model for other economies

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder and chief investment officer of Oasis Management South Korea is among the best-performing major equity markets in the world this year, closing in on the strongest annual gains in a quarter century with the benchmark Kospi index up nearly 70 per cent in the year to date. President Lee Jae Myung and his ruling Democratic party came to power in June with an aim to foster…

China’s Clean Energy Push is Powering Flying Taxis, Food Delivery Drones and Bullet Trains

By The New York Times Dec. 17, 2025 Battery-swapping robots for carsLunch from the skyVery rapid transitTaxis that drive themselvesRobot trucks don’t need windowsSubways get a makeover NYT

Why China’s rapid military build-up is ‘hardly the whole story’

It has been a turbulent year for the fraught US-China relationship. In the third part of a series looking back at the events of 2025, we examine China’s growing military might and how it’s narrowing the tech gap with the US. US defence chief Pete Hegseth told a conference in Washington this month that America would maintain a “clear-eyed appreciation” of China’s “rapid, formidable and holistic” military build-up. That build-up is being watched globally, with defence experts in recent years tracking the country’s military advances as the People’s Liberation Army…

A complicated new EU-China showdown is quietly taking shape

Last month, Contemporary Amperex Technology Limited (CATL), the world’s largest battery company, started building a massive joint venture plant in Spain. It came weeks after Spain’s King Felipe visited Beijing, seeking a stronger EU-China relationship as US commitments wobble. Except Spain, electrified by the potential job creation, ran into a problem: CATL wants to bring 2,000 Chinese workers to build the plant. What’s happening in Spain is part of a complicated new showdown between the European Union and China. At one end, China’s demands are forcing Europe to choose between…