Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Chinese economics student Vanora Li was at Columbia’s Barnard College, she toyed with the idea of further study in the US but eventually decided to continue her education at the University of Hong Kong. “The perceived value of [a] master’s degree [in the US] has decreased in recent years,” the 23-year-old said of her decision. US-China tensions might make US graduates less appealing for Chinese corporations, she said, adding…
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Fear of China denies Taiwan film businesses a ‘Zero Day’ payout
Taiwanese war drama Zero Day Attack has become a smash hit: the series, which imagines a Chinese attack on Taiwan, has topped viewer rankings on public television and streaming platforms in the month since its release. But most of Taiwan’s commercial film industry is watching from the sidelines. After venture capital funds and production companies shunned the politically sensitive script, its creator Cheng Hsin-mei produced the show like an experimental film, with a group of like-minded directors, money from a public film fund and investment from tech billionaire-turned anti-China campaigner…
Anthropic to stop selling AI services to majority Chinese-owned groups
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Anthropic will stop selling artificial intelligence services to groups majority owned by Chinese entities, in the first such policy shift by an American AI company. The San Francisco-based developer of Claude AI is trying to limit the ability of Beijing to use its technology to benefit China’s military and intelligence services, according to an Anthropic executive who briefed the Financial Times. The policy, which takes effect immediately, will apply to…
US and Taiwanese defence officials held secret talks in Alaska
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US and Taiwanese defence officials held secret talks in Alaska last week, days before President Xi Jinping flaunted China’s military might to the world at a parade attended by fellow strongmen. Jed Royal, the Pentagon’s top Indo-Pacific official, met Hsu Szu-chien, then Taiwan’s deputy national security adviser, in Anchorage, according to several people familiar with the matter. The talks came months after a Washington meeting between more senior…
China’s urban planners could determine the future of city life
In THE first decade of Xi Jinping’s rule, builders in China poured more concrete than America did in all of the 20th century. Urban areas expanded by 40%. No longer. In the past five years the debt-fuelled property market has slumped. Evergrande, once China’s largest developer, has collapsed: on August 25th it was delisted from Hong Kong’s stock exchange. Many cities today are plagued by sprawl, smog and gridlock, and are littered with tens of millions of empty flats. China’s leaders say they want a new approach, aimed at making…
Xi and Kim hold talks as west fears emergence of ‘autocratic alliance’
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Chinese leader Xi Jinping and North Korean dictator Kim Jong Un have held in-person talks for the first time in six years, underlining their improving ties a day after they posed with Russia’s Vladimir Putin at a grand military parade in Beijing. Kim’s meeting with Xi on Thursday will add to concern among many in Europe and the US about what Brussels this week termed an emerging “autocratic…
A new Russia-China gas pact could reshape global energy markets
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The writer is a research fellow at the Center on Global Energy Policy at Columbia University Russia and China have just reshaped the global gas game without signing a single supply contract. The proposed Power of Siberia 2 (PoS2) pipeline would deliver up to 50 BCM of gas per year from the Russian Arctic to northern China via Mongolia. The deal marks a geopolitical pivot and the signal…
Chinese stocks slide the most in 5 months
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese stocks slid the most in five months on Thursday, a day after President Xi Jinping projected his nation’s global ambition with a landmark military parade in Beijing. The blue-chip CSI 300 benchmark fell 2.1 per cent, while Hong Kong’s Hang Seng index dropped 1 per cent. China’s tech-focused Star 50 index shed 6.2 per cent. The CSI 300 surged more than 10 per cent in August, fuelled by a…
Chinese stocks slide the most in five months
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese stocks slid the most in five months on Thursday, a day after President Xi Jinping projected his nation’s global ambition with a landmark military parade in Beijing. The blue-chip CSI 300 benchmark fell 2.1 per cent, while Hong Kong’s Hang Seng index dropped 1 per cent. China’s tech-focused Star 50 index shed 6.2 per cent. The CSI 300 surged more than 10 per cent in August, fuelled by a…
Car industry calls for EU to copy China and include hybrids in emissions push
Stay informed with free updates Simply sign up to the European companies myFT Digest — delivered directly to your inbox. Europe should follow the Chinese “playbook” and include hybrids in its push to lower emissions from cars, industry bosses have said, as they warned Brussels that sticking to its 2035 ban on petrol engines put the bloc’s biggest industry at risk. Ola Källenius, the president of European car industry body ACEA, told the Financial Times that China was the most advanced country in “decarbonisation of mobility” thanks to a policy…