Flying blind at Mach 1: how China is bringing world’s first supersonic rail to life

A rail system that accelerates heavy objects faster than the speed of sound using pure electromagnetic force has been operating in the eastern Chinese city of Jinan for more than two years. But one of the biggest mysteries remains: how does it stay in control? The sonic boom the system generates at ground level could blind or wreck traditional sensors, while the slightest miscalculation due to missing data could mean disaster at supersonic speeds. Advertisement The system, known as the electromagnetic sledge, made headlines in 2023 when it became the…

Yen surges on intervention talk

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The yen surged to a two-month high against the US dollar on Monday, sparking speculation that Japanese authorities were intervening directly in the market to support the currency. The yen gained around 1.1 per cent to breach the ¥154 level against the dollar in the first hours of trading in Tokyo. The rise followed a tumultuous trading session on Friday, when US authorities conducted “rate checks” of market participants, a…

Chinese tech listings shine in Hong Kong, fuelled by Beijing’s self-reliance push

New share listings by Chinese technology firms in Hong Kong have delivered above-average returns on their debuts so far in 2026, as investors faced with a challenging macro environment bet on Beijing’s push for technology self-reliance. Graphics processing unit (GPU) maker Shanghai Biren Technology, semiconductor maker OmniVision Integrated Circuit Group and three others rose by an average of 30 per cent on their debuts, beating the 24 per cent return of the 11 total initial public offerings (IPOs) on the city’s stock market this year. The outperformance underlines that the…

China’s top ranking general under investigation for alleged violations amid ongoing purge of leadership

China’s most senior general is under investigation, China’s defence ministry has confirmed, in the highest profile case to date in an aggressive anti-graft purge of senior military leadership in recent months. Zhang Youxia serves as second-in-command under president Xi Jinping as vice-chairman of the Central Military Commission – the supreme command body – and has long been seen as Xi’s closest military ally. The ministry announced on Saturday that Zhang and Liu Zhenli, chief of staff of the CMC’s joint staff department, were under investigation for suspected serious violations of…

Maker of China’s C919 jet set to pick up production pace after delay: sources

China’s leading planemaker is poised for a moderate ramping up of production and deliveries of its C919 narrowbody jet this year, aiming for 28 units or more, with two having already rolled off the production line just three weeks into the new year, according to sources and an industry analyst. While setbacks forced Commercial Aircraft Corporation of China (Comac) to cut back on its delivery targets last year, a manager briefed on the state-owned giant’s plans said it expected supply chain improvements to continue in the new year. “Things started…

US to slap full tariffs on Canada if it seals China trade deal, says Scott Bessent

The United States will impose 100 per cent tariffs on Canadian imports should Ottawa finalise a new trade deal with China, Treasury Secretary Scott Bessent said on Sunday, amplifying a similar threat from US President Donald Trump a day earlier. “We can’t let Canada become an opening that the Chinese pour their cheap goods into the US,” Bessent said on ABC’s This Week programme. During a visit to Beijing on January 16, Canadian Prime Minister Mark Carney announced a thaw in bilateral relations with China, saying the two countries had…

Jeffrey Ding on why diffusion, not innovation, is the secret to victory in the AI race

Jeffrey Ding is an assistant professor of political science at George Washington University. He is the author of Technology and the Rise of Great Powers, an award-winning book exploring the impact of technology on geopolitical competition, as well as the founder of the ChinAI newsletter, which tracks developments in China’s artificial intelligence (AI) industry. In this interview, Ding explains why “diffusion”, not innovation, will determine whether China or the US will prevail in the AI race, the Trump administration’s “counterproductive” policies around the technology, misconceptions about the two countries’ respective…

FirstFT: China’s military accuses top general of undermining Xi Jinping’s authority

Good morning and welcome back to FirstFT Asia. In today’s newsletter: Xi’s military purge ensnares top Chinese general Trump faces growing backlash against immigration crackdown Notes from Shanghai’s underground We start in Beijing, where China’s military has accused its top general of undermining the command authority of Xi Jinping. Here’s what to know about the probe of Zhang Youxia. What happened: China’s military has accused Zhang, vice chair of the Central Military Commission and a close confidant of Xi, of undermining the authority of the Chinese leader. The accusation suggests…