Breaking news and analysis on China, covering politics, economy, technology, trade relations, and social developments in the world's second-largest economy.
A Macau court sentenced former lawmaker Au Kam-san to 121.5 years for assisting hostile organizations and inciting hatred, marking the first conviction under the city's national security law. Prosecutors alleged Au collaborated with external groups over a long period to disseminate subversive political claims.
Zhang Shengmin, who led a corruption crackdown that sacked scores of generals, was promoted to the Communist Party's elite Politburo. His elevation was the first made outside a congress in three decades. Zhang this year became the only official besides Xi left on the powerful Central Military Commission.
Hong Kong activist Joshua Wong received a 10-year sentence for conspiracy to collude with foreign forces, reduced from 13 years due to his guilty plea. Amnesty International condemned the prosecution as cruel, arguing the National Security Law punishes dissent rather than protecting security.
US researchers estimate China's Type 004 aircraft carrier could be launched as early as 2027, potentially becoming the world's largest nuclear-powered vessel. Satellite imagery shows rapid construction progress at Dalian Shipyard, with the hull reaching approximately 322 metres by October 2026.
China's benchmark 10-year sovereign bond yield dropped to a record intraday low of 1.58% on Friday, driven by ample market liquidity. The decline represents the lowest level for on-the-run notes according to Bloomberg data.
China's foreign exchange reserves increased by $4.9 billion to reach $3.405 trillion at the end of October. The growth coincided with the yuan hitting a multiyear high against the dollar, driven by robust export performance.
The Indian Express argues that China's export curbs on tunnel boring machines should not damage India-China relations, citing Global Times assurances for civilian projects. It contends that New Delhi must accelerate domestic manufacturing of critical components like rare earth magnets to counter Beijing's supply chain weaponization and ensure industrial resilience.
Japan's business community is actively working to reduce diplomatic friction with Beijing triggered by Prime Minister Sanae Takaichi's comments on a potential Taiwan crisis. This effort comes as Chinese tourism to Japan has halved and export restrictions on dual-use goods have disrupted supply chains, prompting calls for multilayered communication strategies.
The South China Morning Post argues that Beijing may reduce reliance on the personal Xi-Trump relationship following US midterm elections, which left the White House with a weakened position. Analysts suggest China will focus on executive deliverables or engage Democrats to mitigate congressional opposition.
The National People's Congress Standing Committee approved the legislation, which took effect immediately. Authorities can now probe Chinese firms' misconduct in any jurisdiction, establishing formal mechanisms for international cooperation and asset recovery while countering foreign attempts to investigate wrongdoing within China.