Category: Latest

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has ordered the solar sector to rein in overcapacity and cut-throat pricing as the biggest manufacturers suffer billions of dollars in losses. Six of the largest Chinese cell and panel makers saw their combined first-half losses double to Rmb20.2bn ($2.8bn) from a year earlier, with all but one reporting widening losses, according to financial information provider Wind. The losses compare with record profits in 2022 and 2023. Solar is…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world China’s President Xi Jinping has had a tremendous week. He hosted a well-attended international security summit and presided over a lavish military parade that showcased cutting-edge military kit ranging from hypersonic missiles to shipborne laser weapons. The Shanghai Cooperation Organisation meeting and commemoration of the 1945 defeat of Japan are together unmistakable, and unignorable, demonstrations of China’s growing power — and of its ambition to remake the global…

Kim Jong Un cut a contented figure as he and his young daughter Ju Ae stepped off an armoured train at Beijing railway station on Tuesday afternoon to be welcomed by a coterie of senior Chinese officials. The following day, North Korea’s leader stood shoulder-to-shoulder with China’s leader Xi Jinping and Russian President Vladimir Putin, a triumvirate of strongmen presiding over a landmark military parade. Kim’s elevation was a moment of triumph for a man written off by many western experts as weak, callow and unlikely to survive for long…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Novartis is buying the rights to potential cardiovascular medicines from a Chinese biotech in a deal worth up to $5.2bn, as big pharmaceutical companies become increasingly reliant on Chinese innovation to replenish their drug pipelines.  The Swiss drugmaker has agreed its second collaboration deal with Shanghai-based Argo Biopharma, adding to the record total the sector has spent this year on drugs developed by Chinese biotechs.  Argo specialises in developing drugs…

<div data-o-component="o-expander" class="o-expander o-expander__info-box" data-o-expander-shrink-to="hidden" data-trackable="clip-info-box" data-o-expander-collapsed-toggle-text="Show video info” data-o-expander-expanded-toggle-text=”Hide video info“>Show video info As 45 troop formations marched past Tiananmen Square, the new weapons on show at China’s giant military parade were a focus of domestic and international attention. China’s leader Xi Jinping sought to project the People’s Liberation Army as a force the country could rely on. The parade’s display of nuclear capabilities reiterated Beijing’s determination to deter the US. It included missiles that publicly demonstrated for the first time Beijing’s capacity to launch nuclear warheads from the…

© AFP via Getty Images Uncrewed systems were a highlight of the parade, in an indication of the increasingly fierce race between China and the US for technological supremacy in autonomous weapons, which military leaders on both sides believe would be decisive if their forces were ever to fight one another. Aside from equipment shown as part of the naval troops, three formations presented autonomous systems including robodogs and new large air drones. In another first, the People’s Liberation Army paraded the three newly established forces in charge of aerospace,…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xi Jinping is capping a week of frenetic diplomacy on Wednesday by presiding over one of China’s biggest military parades and staging a show of solidarity with fellow strongmen Vladimir Putin and Kim Jong Un. A procession of China’s newest tanks, drones and missiles past Tiananmen Square will mark the 80th anniversary of the second world war victory over Japan. It is the first time the Chinese, Russian and North…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xi Jinping has capped a week of frenetic diplomacy by presiding over one of China’s biggest military parades and staging a show of solidarity with fellow strongmen Vladimir Putin and Kim Jong Un. A procession of China’s newest tanks, drones and missiles rolled past Tiananmen Square on Wednesday to mark the 80th anniversary of the second world war victory over Japan. It was the first time the Chinese, Russian and…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xi Jinping will cap a week of frenetic diplomacy on Wednesday by presiding over one of China’s biggest military parades and staging a show of solidarity with fellow strongmen Vladimir Putin and Kim Jong Un. The procession of China’s newest tanks, drones and missiles past Tiananmen Square will mark the 80th anniversary of the second world war victory over Japan and will be the first time the Chinese, Russian and…