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Officials promote China-led cyber governance to Belt and Road members during the Digital Silk Road forum in Xian

Chinese government officials on Tuesday trumpeted the country’s progress in shaping digital development models for Belt and Road Initiative (BRI) member states, taking aim at US policies amid an intensifying rivalry with the West. In keynote addresses to the Digital Silk Road (DSR) Development Forum held in Xian, capital of western Shaanxi province, officials said that, through concerted efforts, China has strengthened and accelerated a series of digital development initiatives across BRI nations. China has signed a raft of strategic deals with the member states to work together on areas…

Chinese police arrest over 1,500 for online rumours in campaign targeting influencers, bloggers and live-streamers

China’s Ministry of Public Security said police around the country have made over 1,500 arrests and solved 10,000 cases since the launch of a campaign targeting online rumours in December. The ministry has imposed administrative penalties on about 10,700 people and debunked more than 4,200 rumours since it launched the campaign last December, according to a Tuesday report by People’s Daily. The numbers were first released on Saturday on the official WeChat account of the ministry’s cybersecurity office. The campaign has identified and investigated illegal activities that make money from…

Israeli war cabinet meets for third day on Iranian attack

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s war cabinet is to meet later on Tuesday for a third straight day to consider its response to Iran’s weekend attack, as international pressure mounts on the Jewish state to show restraint and avoid triggering a full-blown Middle East conflict. The five-person war cabinet has already discussed possible responses including military and diplomatic options, one Israeli government official said, while taking into account US concerns that any action should…

China’s economy grew 5.3% in first quarter, beating expectations

HONG KONG —  China’s economy expanded at a faster than expected pace in the first three months of the year, helped by policies aimed at stimulating growth and stronger demand, the government said Tuesday. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, official data show. Compared to the previous quarter, the economy grew 1.6%. China’s economy has struggled to bounce back from the COVID-19 pandemic, with a slowdown in demand and a property crisis weighing on its growth. The better-than-expected…

China Evergrande: PwC refutes letter claiming fraud tied to indebted developer, vows to investigate ‘fabricated’ claims

PricewaterhouseCoopers (PwC) has refuted a letter alleging that its partners were involved in auditing fraud tied to bankrupt Chinese developer China Evergrande Group and said it has taken measures to investigate the origins of the “false information”. The anonymous letter, titled “Who dragged PwC into the fire pit of Evergrande”, began circulating on Chinese social media earlier this week. The claims made in the letter against the auditing company and its partners were “clearly contradictory to the facts” and had “severely encroached upon PwC’s business reputation and legal rights, causing…

Teen held in terrorist attack at Australian church

SYDNEY —  Australia will work with international security agencies to assess global extremism after a stabbing at a church in Sydney. The attack, in which a 16-year-old boy was arrested, is being treated as an act of terrorism, according to the police. A bishop, a parish priest and several worshippers were injured Monday during a sermon that was being live-streamed. The teenage suspect was subdued by worshippers and arrested by the police. Australian investigators believe the alleged attacker was motivated by religious extremism. Declaring the attack a terrorist incident gives…

Beijing half marathon hit by controversy as China’s He Jie allowed to win

Organisers of the Beijing half marathon are investigating the men’s race after two Kenyans and one Ethiopian runner appeared to deliberately allow China’s He Jie to win. Footage of the final few hundred metres of the race seemingly shows Robert Keter and Willy Mnangat of Kenya and Ethiopia’s Dejene Hailu Bikila slow down and gesture in front of them, encouraging He to pass and take the lead. The four athletes, who had run together for the whole race, then ran side by side to the finish line, before the three…

Undersea ‘hybrid warfare’ threatens security of 1bn, Nato commander warns

The security of nearly 1 billion people across Europe and North America is under threat from Russian attempts to target the extensive vulnerabilities of underwater infrastructure including windfarms, pipelines and power cables, a Nato commander has warned. V Adm Didier Maleterre, the deputy commander of Nato’s Allied Maritime Command (Marcom), said the network of underwater cables and pipes on which Europe’s power and communications depend were not built to withstand the “hybrid warfare” being pursued by Moscow and other Nato adversaries. “We know the Russians have developed a lot of…

Chinese breakthroughs in chip tech, air pollution controls headline top science award nominees

A chemical-mechanical polishing (CMP) machine for integrated circuits developed by a group of scientists from Tsinghua University’s Department of Mechanical Engineering is expected to take first prize in the State Technological Invention Award. China seeks closer US links on scientific research, use of AI in education The machine, which uses chemical and mechanical processes to polish a wafer surface to nano-level accuracy, is one of the five key technologies in the integrated circuit manufacturing process. In 2015, the same team delivered China’s first CMP machine, marking a milestone in domestically…

Taiwan asset managers report 28% rise in ETF fee income in 2023

Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools Taiwan fund houses earned NT$9.1bn ($281.1mn) in management fees from exchange traded funds last year, up 28 per cent from 2022, as the local ETF boom drove the market to record highs. The 16 onshore ETF issuers in the market generated 32 per cent of their total revenue…