What Beijing’s drone flight over Pratas Island means for its Taiwan strategy

The first confirmed deployment of a PLA drone within Taiwan’s claimed airspace is the latest example of Beijing’s “salami-slicing” strategy towards the self-ruled island, analysts say. One observer noted it was also meant to test, wear down and put pressure on Taiwan’s military. Taiwan’s defence ministry said on Saturday that a People’s Liberation Army (PLA) surveillance drone had entered its self-defined airspace – meaning the space above the 12-nautical-mile (22km) territorial sea baseline claimed by Taiwan – above Pratas Island that day. Advertisement Pratas Island, known as Dongsha Island in…

Why China’s women are having fewer babies

In 2015, China welcomed almost 16.5mn babies. A decade later, that figure has more than halved to just under 8mn — a striking example of a demographic crisis that is poised to have long-term economic and societal consequences in the world’s second-largest economy. While China is not alone in grappling with an ageing population, particularly in east Asia, the pace of ageing has been accelerated by the legacy of the “one-child” policy, a weak economy and a growing divide between young men and women’s prospects and intentions. The “shockingly low…

TikTok confirms deal to create new US venture, averting shutdown by a few hours

TikTok and its Chinese owner ByteDance have officially established a venture to transfer parts of its US business to a consortium of mostly US investors, effectively securing the platform’s future for its 170 million American users. The company made the announcement on Thursday, hours ahead of a Friday shutdown deadline. The deal – first outlined by TikTok chief executive Chew Shou Zi in an internal memo last month – was set to close this week, though it had not previously received the formal blessing of both countries. Advertisement In a…

Trump’s TikTok deal is a gift to China

Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. The writer is a strategic adviser and former counsellor for investment security at the Department of the Treasury during the Biden administration The deal to sign over TikTok’s US operations to a joint venture led by American investors has ended a stubborn stand-off over one of the world’s most popular apps — and spared US President Donald Trump from implementing a politically costly ban. In practice, however, it amounts to…

From Venezuela to Greenland, Trump is using US power to rewrite the rules

The recent drama surrounding US action in Venezuela, its renewed interest in Greenland and tariff threats on governments that object, along with comments on Cuba, Colombia and Mexico, appear disjointed – part diplomacy, part law enforcement, part political theatre. Like many observers, I rely on the news to try to make sense of the policy logic and what it may mean for those who have to live with its consequences. Washington’s rationale for its actions in Venezuela was initially framed as law enforcement against narcoterrorism. Within days of the arrest…

A mother’s mind appears restored: might ultrasound be a cure for Alzheimer’s?

Neurologist Sun Bomin’s mother led him to believe that Alzheimer’s disease might not be incurable after all. On January 21, Sun released a short video on China’s Yitiao.tv platform and an article detailing what he said was the world’s first effective treatment of Alzheimer’s disease using the high-intensity FUS procedure. His mother, who appeared in the video but was not named, is aged in her nineties and had been suffering from the progressive brain disorder for around eight years. Advertisement According to Sun, the disease had erased memories, stripped her…

Revealed: global funds, from BlackRock to Temasek, back China’s largest biotech firms

As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the 5 per cent disclosure threshold for substantial shareholders in Hong Kong. BlackRock, the world’s largest asset manager, held 5.76 per cent stake in Innovent Biologics, according to an analysis of the Hong Kong stock exchange…

China to ‘quietly track’ Greenland developments amid Arctic ambitions for now: analysts

China will closely monitor developments in Greenland as it seeks to become an important player in Arctic affairs. Still, Beijing is unlikely to respond with any major action in the near future to counter US President Donald Trump’s bid to annex the island, analysts said. “The Arctic is certainly a central matter for policy for China, and they know it’s going to be important in the future, especially with climate change,” said Eurasia Group’s China practice head, David Meale. In his escalated threats to take control of Greenland for the…

China reliance and tariff wars emerge as top risks for the global defence industry: report

Ongoing tariff wars and a dependence on China are two of the top emerging risks for the global defence sector, according to a report released this week by the UK-based consultancy WTW (Willis Towers Watson). The defence sector is facing several new challenges in an increasingly volatile geopolitical environment, framed by the industry’s dependence on China’s materials and ongoing uncertainty amid a tariff dispute between Beijing and Washington. “The defence sector’s reliance on Chinese materials and components, particularly rare earths and electronics, is presenting significant supply chain vulnerability amid geopolitical…

China to set GDP growth range, providing policy flexibility in 2026: sources

China’s government is likely to set this year’s economic growth target in a range between 4.5 per cent and 5 per cent, according to three sources briefed on the matter. Such a target would indicate a tolerance for a modest deceleration from last year’s 5 per cent gross domestic product growth as Beijing highlights the importance of “high-quality” development and urges local officials to embrace “the right concept of political performance”, the sources said. The range, if confirmed, would serve as another indication of a tilt towards economic rebalancing and…