Chinese military says it is developing over 10 quantum warfare weapons

China’s military says it is using quantum technology to gather high-value military intelligence from public cyberspace. The People’s Liberation Army said more than 10 experimental quantum cyber warfare tools were “under development”, many of which were being “tested in front-line missions”, according to the official newspaper Science and Technology Daily. The project is being led by a supercomputing laboratory at the National University of Defence Technology, according to the report, with a focus on cloud computing, artificial intelligence and quantum technology. Advertisement Commanders hope that quantum computing will allow them…

India tells delivery companies to stop promising 10-minute service

Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. India’s top delivery companies have started to drop promises of 10-minute service after the government warned them that expectations of speed were jeopardising safety in an industry that employs millions. Labour minister Mansukh Mandaviya told executives from companies including Eternal, Swiggy and Zepto in a meeting last week that the 10-minute pledges compromised “workplace safety”, according to a person familiar with the matter. While the companies argued the…

China’s C919 airliner put through paces by test pilots from European aviation regulator

European aviation evaluators have begun test flights of China’s home-grown C919 airliner in Shanghai, the Post has learned, as the manufacturer of the narrowbody jet presses ahead with its bid to secure Western safety certification – a crucial step in the journey to global adoption and being able to compete with industry leaders Boeing and Airbus. Two test pilots from the European Union Aviation Safety Agency (EASA) have conducted verification flights, according to a source with knowledge of the arrangements. Meanwhile, senior foreign pilots working in China have been deployed…

Hong Kong, Shenzhen ‘to deepen’ ties in finance and AI to build world-class fintech hub

Hong Kong and Shenzhen can work closely to empower finance with artificial intelligence, delegates said on Thursday at the China Conference: Greater Bay Area, an event hosted by the South China Morning Post. Joseph Chan Ho-lim, undersecretary for Financial Services and the Treasury in the Hong Kong government, said Hong Kong and Shenzhen were seeking deeper cooperation between finance and technology. Chan said at the event in Qianhai, a bonded zone in Shenzhen, that Hong Kong, as a “superconnector” and “super value adder”, could leverage its strength in financial services…

Without pension reform, China is leaving its rural elderly out in the cold

“Rural heating problems in Hebei cannot wait any longer” declared a recent report in Farmers’ Daily. It described a disturbing reality in parts of northern China: elderly villagers who would rather shiver through freezing temperatures than turn on their heaters, because they simply cannot afford the cost. For many urban readers, this may sound implausible. For millions of rural elderly, it is routine. On the surface, the problem appears to be a side effect of China’s well-intentioned environmental reforms. Beginning in the early 2010s, large-scale “coal-to-gas” heating programmes were rolled…

Jailed Chinese AI chatbot developers appeal in landmark pornography case

In a landmark case in China, two AI chatbot developers have appealed against their convictions on pornography charges over software that generated sexual content for paid users. The Shanghai First Intermediate People’s Court began on Wednesday hearing the appeal by the two defendants against an earlier decision by a lower court to sentence one of the developers to four years and the other to 1½ years in prison for “creating pornographic material for profit”. The hearing has been adjourned, pending expert opinions on the technology-related issues in the case, according…

China-EU tariff agreement on EVs seen cutting shipments but boosting profitability

A requirement to set minimum prices for their cars in the European Union will reduce sales there for Chinese electric vehicle (EV) makers, but higher profit margins will eventually improve their bottom lines and brand reputations, according to analysts and industry officials. Assemblers of Chinese pure-electric cars from BYD to Leapmotor will avoid a brutal discount war after European authorities accepted price undertakings to replace punitive anti-subsidy tariffs of up to 35.3 per cent. Minimum prices would technically temper sales volume, particularly for low-priced small electric cars, Deutsche Bank analyst…

Trump is making China – not America – great again, global survey suggests

A year after Donald Trump’s return to the White House, a global survey suggests much of the world believes his nation-first, “Make America Great Again” approach is instead helping to make China great again. The 21-country survey for the influential European Council on Foreign Relations (ECFR) thinktank also found that under Trump, the US is less feared by its traditional adversaries, while its allies – particularly in Europe – feel ever more distant. Most Europeans no longer see the US as a reliable ally and are increasingly supportive of rearmament,…

White House sets tariffs to take 25% cut of Nvidia and AMD sales in China

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has announced new tariffs on Nvidia and AMD as part of a novel scheme to enact a deal the US president cut with the tech giants to take a 25 per cent cut on sales of their AI processors to China. In December, the White House announced an agreement that would allow Nvidia to start shipping its H200 chips to China, reversing a policy that prohibited…

Hong Kong, China stocks to outpace US equities all year after quick start, analysts say

Hong Kong and mainland Chinese stocks outpaced their US peers for the first two weeks of 2026 and should continue to do so for the rest of the year on the back of relatively cheaper valuations, a firmer yuan and policy tailwinds, as geopolitics drives more global investors to look to China as a hedge against rising risks in US assets, according to analysts. The CSI 300 Index has gained 2.4 per cent so far this year, while the Hang Seng Index has climbed 5.3 per cent, both outpacing a…