This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. This is the last week of parliament’s winter session, another washout in which not much of merit was discussed, unless you count the 12-hour debate on the lyrics of the national song. Do you think our elected representatives are doing the best they can? Tell us in our poll below. In today’s newsletter, India looks set to open…
Author: Media Library
Investors bet on Chinese companies powering global AI build-out
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Chinese makers of batteries, transformers and other equipment vital for the global build-out of artificial intelligence have rocketed this year, as power-hungry data centres rush to secure alternatives to overstretched legacy grids. Profits at Chinese companies such as CATL, the world’s largest battery maker, and Sungrow, the world’s second-largest supplier of integrated energy storage systems after Tesla, have soared on the back of domestic and foreign demand. CATL’s…
Trump urges Xi to show leniency for Jimmy Lai as Britain summons China’s ambassador
Britain’s government on Monday summoned China’s ambassador to the UK to protest the conviction of British citizen Jimmy Lai Chee-ying on national security charges in Hong Kong, while US President Donald Trump said he urged leniency for Lai in a call with Chinese President Xi Jinping. “I feel so badly. I spoke to President Xi about it, and I asked to consider his release,” Trump told reporters, without specifying exactly when he spoke with Xi. “He’s an older man, and he’s not well. So I did put that request out.…
China issues 11-point policy package to boost consumer spending amid slowing retail sales
China has announced a new policy package to boost household spending by tightening coordination between commerce and financial regulators, expanding access to credit and promoting new forms of consumption. The move comes as soft retail sales and weak consumer confidence continued to weigh on economic growth last month, highlighting the urgency for policymakers to expand domestic demand. That priority has topped the agenda of the central economic work conference – an annual gathering of the Central Committee of the ruling Communist Party and the State Council, China’s cabinet – for…
UK agrees trade deal with South Korea just weeks ahead of deadline
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK says it has agreed an improved trade deal with South Korea that could boost services trade by hundreds of millions of pounds a year and protect more than £2bn of goods exports, including Bentley cars, Guinness stout and Scottish salmon. The announcement came just weeks before the UK’s existing post-Brexit trade agreement was due to expire, sparing the country’s exporters from the threat of tariff increases if a…
US rejects claims of Indo-Pacific retreat, says aid is being recalibrated to counter China
Senior US officials on Monday pushed back against suggestions of American retreat from the Indo-Pacific, declaring that Washington is recalibrating its foreign assistance to more effectively outcompete China in the strategically vital region while maintaining support for allies through targeted aid and security cooperation. The focus, they said, is shifting away from broad assistance towards targeted partnerships that serve US interests and advance a free and open Indo-Pacific, ranging from critical infrastructure to maritime security, critical minerals and military financing aimed at bolstering regional resilience and countering adversarial influence. Allison…
Why ‘relative stability’ in US-China ties is unlikely to last
It has been a turbulent year for the fraught US-China relationship. In a new series, we look back at the events of 2025, starting with the geopolitical struggle between the two rival superpowers. In a year marked by domestic crises and global turmoil, Washington and Beijing are set to end 2025 with a fragile truce after they stepped back from the brink of full-blown tariff warfare – but deeper antagonisms remain. The downward spiral of rhetoric and retaliation started with US President Donald Trump’s tariff threats and vow for a…
Trump calls fentanyl a weapon of mass destruction: ‘no bomb does what this is doing’
US President Donald Trump on Monday signed an executive order (EO) designating illicit fentanyl, a powerful synthetic opioid driving the US overdose crisis, as a weapon of mass destruction. The EO issued by the White House asserted that “illicit fentanyl is closer to a chemical weapon than a narcotic” due to its extreme potency. “Two milligrams, an almost undetectable trace amount equivalent to 10 to 15 grains of table salt, constitutes a lethal dose,” it said. Advertisement The order highlights the national security threat posed by organised criminal networks and…
In France, China sees a civilisational partner in a polarised world
Constructed around 256 BC, Dujiangyan is the world’s oldest irrigation system that is still in use today. Long before the invention of gunpowder, the system was using natural topographic and hydrological features to divert water from the Min River for irrigation and flood control without the use of dams. To this day, the ecological engineering feat irrigates 668,700 hectares of farmland in the Chengdu plains of southwestern China. It was in the tranquil, lush mountains surrounding Dujiangyan that Chinese President Xi Jinping chose to conclude French President Emmanuel Macron’s three-day…
Why China’s robotaxi industry is stuck in the slow lane
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Autonomous driving might be a race, but the world’s biggest automotive markets are speeding in different directions. In the US, self-driving cars are viewed as a software platform opportunity. Meanwhile, in China they are mostly being seen as a hardware-intensive mobility service. The recent listings of Pony.ai and WeRide in Hong Kong and the optimistic expectations and valuations attached to Waymo’s and Uber’s ambitions illustrate the divide. Undoubtedly, a large…