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Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China has imposed tariffs of up to 42.7 per cent on certain dairy imports from the EU, after a 16-month anti-subsidy investigation that ratcheted up trade tensions between Brussels and Beijing. The commerce ministry said in a preliminary decision on Monday that it had found dairy imports from the EU were subsidised, and that China’s domestic industry “suffered material injury” as a result. The tariffs, of between 21.9 and 42.7…

At an industrial park in Chifeng, Inner Mongolia, a billionaire is embarking on the next phase of China’s green revolution. Zhang Lei built Envision into one of the largest wind turbine manufacturers in the world. Now the entrepreneur is using wind energy to produce so-called green ammonia, selling it for use in fertilisers and chemicals and as a fuel for shipping. “This is more than a technological milestone,” said Zhang earlier this year. “Scalable, green alternatives are now real and operational.” While clean fuel technologies are still evolving, experts say…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A steep rally in Chinese stock markets has cooled in the past three months, as weak economic data and profit-taking bring this year’s steep rally to an end. The MSCI China index has fallen 7.4 per cent since September, its worst three-month performance in an otherwise strong year for the country’s equities, with gains fuelled by optimism over Chinese technological innovation and government support for markets. The index is still…

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s semiconductor manufacturers are upgrading their advanced chipmaking equipment in ways that bypass global export controls, as the country seeks to rival the US in developing artificial intelligence. According to people familiar with the matter, Chinese fabrication plants producing advanced smartphone and AI chips have bolstered the performance of advanced deep ultraviolet lithography (DUV) machines made by Netherlands-based ASML. US and Dutch export controls prevent ASML from supplying its most…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US has approved an $11.1bn arms sale to Taiwan, the largest such package of its kind as Taipei comes under increasing pressure to prepare itself against the threat from China. The package, announced by the US state department on Wednesday, will include Himars rocket launchers, Howitzer artillery, drones, Javelin anti-tank missiles and other items. The sale threatens to undo a thaw in US-China relations, coming less than…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan risks being without a giant panda on its shores for the first time in more than half a century, as a diplomatic row with China looms over the most famous enclosure of Tokyo’s Ueno Zoo. Ueno residents Xaio Xiao and Lei Lei, part of Beijing’s programme of “panda diplomacy” to lend the animals abroad as a symbol of friendship and normal bilateral relations, are to be sent to China…