BEIJING INTELLIGENCE ASSET
Nvidia CEO Jensen Huang seen as target of China spy plot; Trump briefed but took no action: Report
A Chinese businesswoman suspected of passing intelligence to Beijing developed a close relationship with Nvidia CEO Jensen Huang, according to a New York Times exclusive report. US President Donald Trump was briefed on the intelligence findings roughly a year ago but took no action, reportedly wary of disrupting Nvidia's chip sales and US-China trade relations.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
From 700% gains to a 50% plunge: China's AI stocks are crashing despite Beijing's tech ambitions. Here's why
China's artificial intelligence stock market has faced a steep decline, losing around $480 billion in market value. Many leading technology stocks that previously soared have now lost significant value in recent months. As investor enthusiasm wanes, concerns over future profits and valuations are becoming pronounced. Additionally, export restrictions on technology could further complicate the sector's recovery. Policymakers in China now face challenges in bolstering investor confidence while promoting industry growth.
Global Market: China's Lingjun Investment attracts $300 million from overseas investors
China’s Lingjun Investment has raised at least $300 million from US and Southeast Asian investors as it resumes overseas fundraising. Strong fund returns and AI-driven interest support growth, while regulatory scrutiny makes governance and risk management critical.
How a merged SpaceX-Tesla might navigate its China problem
Elon Musk's proposed merger of Tesla and SpaceX may encounter significant hurdles from US and Chinese regulators. Concerns about national security and technology sharing complicate the merger discussions. Tesla's reliance on China for manufacturing and SpaceX's defense contracts raise potential risks. Analysts suggest creating a firewall around Tesla's Chinese operations as a possible solution. However, divesting Tesla's China operations could prove challenging, considering the deep integration with local suppliers.
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Global Market: Hong Kong stocks slump to four-month low as China stimulus hopes fade
Hong Kong stocks plunged to a four-month low, while mainland Chinese blue-chip shares approached bear-market territory as technology stocks sold off. Weak stimulus expectations, concerns over economic imbalances and broader AI-related market losses weighed on investor sentiment.
China's economy grows 4.5 pc in Q3 as AI-driven exports offset weak domestic demand
The Chinese economy grew 4.5% in the third quarter of 2026. The growth is fuelled by global demand for artificial intelligence (AI) infrastructure, helping the economy offset weak domestic consumption and a deepening property market crisis. The development comes after a weak second quarter, which saw its growth shrink to 4.3%. However, sluggish domestic household spending and investment bring doubt about the sustainability of the trend.
Global Market: China’s yuan hits four-year high as strong GDP data ease stimulus concerns
China’s yuan strengthened to a four-year high against the US dollar following stronger-than-expected third-quarter economic growth and improving retail sales. A weaker dollar and increased corporate currency conversions also supported gains. Investors now await Chinese policymakers’ signals on monetary policy, currency management and further economic stimulus measures.
5 killed, 16 injured in Houthi attack on Yemen's Aden presidential palace
A recent Houthi attack targeted the al-Maashiq Presidential Palace in Yemen, killing five people and injuring 16 others. Following this strike, Yemen's President Rashad al-Alimi called for measures to protect government institutions. Houthi spokesperson Yahya Saree claimed responsibility for the assault, stating it targeted Saudi operations in Aden. Government forces retaliated with numerous attacks on Houthi positions, claiming significant destruction of Houthi assets.
China widens military footprint with Laos air base
China recently opened its first overseas air force base in Laos to enhance military training and influence. The base will train Laotian air force pilots and potentially house Chinese military assets. This move reflects China's ambition to expand its military presence beyond its borders. The facility could serve as a training ground for Chinese personnel and equipment. Regional partners, especially the US, are monitoring the developments closely for potential implications.
Global Market: China factory activity returns to growth in September as AI boom supports industrial sector
China’s factory activity returned to growth in September, with the official manufacturing PMI rising above the expansion threshold. Strong production and AI-linked demand supported the rebound, though weak domestic demand, employment and property activity remained concerns.
Pakistan abandons Mecca pact ally Saudi Arabia in fight against Houthis in Bab el-Mandeb Strait. Kingdom reaches out to rival Israel for help
Saudi Arabia has indirectly approached Israel for intelligence assistance against the Houthis through US Central Command, despite not recognising Israel or maintaining diplomatic ties with it. The outreach comes as Houthi forces impose a maritime blockade threatening Saudi economic and energy interests, while Pakistan, a partner in the Mecca defence pact with Riyadh and Türkiye, has not committed to immediate military action.
As Silicon Valley's own scientists warn of human extinction, China pitches itself as the adult in the AI room
China advocates for global artificial intelligence governance and international cooperation. Leading AI figures in the US have issued stark warnings about the technology's risks. Researchers express concerns about rapid development and potential existential threats. China emphasizes balancing AI advancement with robust safety measures and regulations. This discussion precedes a potential meeting between Xi Jinping and Donald Trump.
Global Market: China’s AI boom lifts factory output as property slump deepens
China's industrial output accelerated in August, supported by strong demand for AI-related technology and advanced manufacturing. However, weak retail sales, falling property investment and subdued domestic demand highlighted growing imbalances, increasing pressure on Beijing to provide additional policy support.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
Chinese imagery helped Iran target US base in Jordan, attack killed three soldiers: Report
Iran reportedly used high-resolution Chinese satellite imagery ahead of its July 17 strike on Jordan's Muwaffaq Salti Air Base, which killed three US soldiers. US officials say Iran's targeting accuracy improved over the summer, aided by imagery from Chinese firms already under Washington sanctions. China has denied providing any assistance, and the disclosure comes weeks before a planned Trump-Xi summit on September 24.
Global Market: Hong Kong draws professionals back as IPO boom revives financial hub
Hong Kong is seeing finance professionals return as a strong IPO market, rising corporate investment and deeper China links revive its appeal as a global financial hub. Hiring is picking up across wealth management, asset management, AI, compliance and risk.
US-China AI race takes a dangerous turn: former White House official says Washington must prepare for extreme measures if China reaches AGI first
A US official proposed extreme options to counter China's potential artificial general intelligence breakthrough. These options include intelligence operations, cyber activity, and military action against Chinese AI infrastructure. Experts warn that attacking data centers could trigger a direct conflict between nuclear-armed nations. The US currently leads in AI, but China's rapid progress poses a significant challenge. The race for AI dominance could reshape global economic and military power dynamics.
Forget tanks, fighter jets: US, Russia & China are preparing for battles beyond Earth, where destroying one satellite could disrupt an entire military network
Space is now a contested military domain as nations develop capabilities to disrupt satellites. The United States, Russia, and China are enhancing their space-based military infrastructure. Modern warfare increasingly relies on interconnected sensors and autonomous weapons systems. Destructive anti-satellite tests create debris, posing risks to all spacecraft. The conflict in Ukraine demonstrated cyberattacks and electronic warfare's impact on space assets.
US, China arm for space warfare: Hunter satellites and orbital weapons
China and the United States are developing advanced military space capabilities. Both nations are preparing for potential conflict extending into Earth's orbit. Maneuverable satellites and spaceplanes are key components of these evolving strategies. Allied nations are also participating in joint military operations in space. This competition highlights the growing importance of space for national security.
Before Xi Jinping's likely India visit, Chinese money is pouring in
India is cautiously reopening economic channels with China as Chinese linked investment returns after years of restrictions following the Galwan clash. More than $500 million has entered under revised investment rules, while NSA Ajit Doval’s Beijing visit and Xi Jinping’s expected India visit signal improving diplomatic ties. India is balancing economic cooperation with national security safeguards and strategic scrutiny.
Trump's North Korea gambit tests US ties with Asian partners, including India
Trump’s outreach to North Korea is unsettling US allies across Asia, with Japan, Taiwan and India reassessing Washington’s security commitments. His decision to cut military exercises with South Korea, hold up Taiwan arms sales and pressure allies on defence spending has deepened concerns over his transactional approach and regional strategy.
Global Market: Trump-backed World Liberty partners with platform offering Chinese AI models
Trump-backed World Liberty Financial is collaborating with Hong Kong-based WorldClaw, which offers access to Chinese and US AI models. The partnership has drawn scrutiny because several Chinese developers face US security restrictions, while the Trump family holds a significant World Liberty stake and benefits financially from its cryptocurrency activities.
China presents most comprehensive and robust threat to US security: DNI report
China poses the most comprehensive and robust military threat to US national security, positioning itself as a leading power under President Xi Jinping. The US intelligence community identifies China's advanced military capabilities and its global ambitions as top concerns.
China poses biggest military, cyber threat to US, intel chiefs say
U.S. intelligence agencies highlight China as the top military and cyber threat, citing its advancements in weapons, cyber capabilities, and aspirations to surpass the U.S. in AI by 2030. The report also underscores China's potential aggression towards Taiwan and issues with fentanyl precursors.
China detains UK's MI6 spy for collecting intelligence, identifying potential assets
China's civilian spy agency, the Ministry of State Security (MSS), said in a statement that it had apprehended an individual surnamed Huang working with Britain's MI6 while leading a foreign consultancy. However, the agency did not mention Huang's full name, gender or nationality, nor identified the company they worked at.
Chinese spy balloon collected intelligence info from sensitive US military sites: Report
A suspected Chinese spy balloon said to be the size of three buses, was spotted over the airspace of the United States in late January. China was able to control the balloon so it could make multiple passes over some of the sites (at times flying figure-eight formations) and transmit the information it collected back to Beijing in real-time, NBC News reported, quoting three unnamed officials.
Keep a keen eye on prying eyes in the sky
US intelligence reports that China has been using surveillance balloons to collect information on military assets in not just the US but in countries Beijing considers of 'emerging strategic interest', particularly Japan, India, Vietnam, Taiwan and the Philippines.
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