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☆ US sends land-attack missile system to Philippines for exercises in apparent message to China
▼ + stars: | 2024-04-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +8 min

The presence of the US Army’s Mid-Range Capability (MRC) ground-based missile system, increases the risks of “misjudgment and miscalculation” in a region already on edge over Chinese-Philippines face-offs in the South China Sea, Beijing says. It’s the first-ever deployment of the MRC missile system, also known as the Typhon system, to the Indo-Pacific theater, and it comes amid a series of US-Philippine military exercises, including the largest-ever edition of the bilateral Balikatan exercises beginning Monday. It also can fire the Tomahawk Land Attack Missile, a maneuverable cruise missile with a range of 1,600 kilometers (1,000 miles), according to the CSIS. Those are the same rules Washington and Manila accuse Beijing of ignoring with aggressive Chinese actions that have injured Filipino sailors and damaged vessels around disputed features in the South China Sea. US Army PacificChina’s missile advantageAnalysts say the deployment of the Typhon missile battery is the first signal of US plans to address what has long been an advantage for Beijing in the region.

Persons: Lin Jian, ” Lin, Stephen Koehler, “, equalizes, ”, Collin Koh, Christopher Milhal, Koh, Rupert Schulenberg, Donald Trump “, Thomas, CNN’s Steven Jiang Organizations: South Korea CNN, US, MRC, US Army, Missile Defense, Center for Strategic, International Studies, Foreign, US Pacific Fleet, Sunday, Xinhua, CNN, US Air Force, US Army Pacific, Beijing, Rajaratnam, of International Studies, People’s Liberation Army Rocket Force, ”, don’t, International Institute for Strategic Studies, South, Lewis, McChord, Nuclear Forces Treaty, Russian, Philippine News Agency, CNN Philippine Locations: Seoul, South Korea, China, United States, Philippines, South China Sea, Beijing, Philippine, South China, Taiwan Strait, Qingdao, Washington, Manila, Asia, Pacific, Japan, Taiwan, Guam, Singapore, South, Soviet Union, Palawan, Sulu, Spratly

☆ Asia markets mixed ahead of China trade data; Singapore first-quarter GDP climbs 2.7%
▼ + stars: | 2024-04-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were mixed Friday after an inflation-fueled selloff in the previous session, with investor assessing economic data from Singapore and South Korea while awaiting China trade numbers. China's trade data for March will be released later in the day, with exports forecast to fall 2.3% year on year by economists polled by Reuters. The city-state's central bank held its monetary policy steady, leaving the width and level of its policy band unchanged. In contrast to other countries, Singapore uses exchange rate settings for its monetary policy, instead of a benchmark interest rate. South Korea's March unemployment rate rose to 2.8%, while investors awaited the Bank of Korea's rate decision.

Persons: Singapore's Organizations: Reuters, Bank of Locations: Qingdao, Shandong province, Asia, Pacific, Singapore, South Korea, China

☆ WTO forecasts rebound in global trade but keeps geopolitical risks in focus
▼ + stars: | 2024-04-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further in 2025, as the impacts of higher inflation fall into the rearview mirror. In its latest "Global Trade Outlook and Statistics" report, the WTO forecast that total global trade volumes will increase by 2.6% in 2024, and by a further 3.3% in 2025. It follows a larger-than-expected 1.2% decline in 2023, as inflationary pressures and higher interest rates weighed on international trade. The trade rebound is expected to be "broad-based," including across Europe, which experienced some of the deepest falls in trade volumes last year as a result of geopolitical tensions and the energy crisis caused by Russia's full-scale invasion of Ukraine. "Europe was really weighing on international trade in 2023, and we don't see that being the case anymore," Ossa said.

Persons: Ralph Ossa, CNBC's Silvia Amaro, Russia's, Ossa Organizations: World Trade Organization, Trade Outlook, WTO Locations: Europe, Africa, India, Pakistan, Southeast Asia, Qianwan, Qingdao Port, Qingdao, China, Ukraine

☆ KKR says China's real estate correction may only be halfway done
▼ + stars: | 2024-04-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

"A fundamentally overbuilt real estate industry needs to be addressed — and quickly," he said in the report, which counts Changchun Hua, KKR's chief economist for Greater China, among the co-authors. Real estate and related sectors once accounted for about one fifth or more of China's economy, depending on the breadth of analysts' calculations. Based on comparisons to housing corrections in the U.S., Japan and Spain, China's "housing market correction may be just halfway complete" in terms of its depth, the KKR report said. watch nowWhile KKR's report didn't provide much detail on expectations for specific real estate policy, the authors said more action by Beijing to improve China's real estate sector "could materially shift investor perception." Chinese officials have said the real estate sector remains in a period of adjustment, while Beijing shifts its emphasis toward manufacturing and what it considers "high-quality development."

Persons: Henry H, McVey, " McVey, Hong, Nomura Organizations: West Coast New, Nurphoto, Getty, BEIJING, KKR, Authorities, Housing Locations: West, Qingdao, East China's Shandong, China, Changchun Hua, Greater China, U.S, Japan, Spain, Beijing, China's

☆ Analysis: China worried about return of Trump, but also sees opportunities if he wins 2024 election
▼ + stars: | 2024-03-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +15 min

Then-US President Donald Trump and his wife Melania with Chinese leader Xi Jinping and his wife Peng Liyuan at Beijing's Forbidden City in 2017. “If this decoupling is carried out by Trump 2.0 in a very forceful way, the impact on China is going to be very severe. But experts say China’s business and official sectors are likely already considering contingency plans. Chinese leader Xi Jinping and Russian President Vladimir Putin leave a reception following talks at the Kremlin in March 2023. “Whoever wins – the structure of (US) confrontation, competition, pressure to China are still there,” he said.

Persons: Joe Biden, Xi, Donald Trump, didn’t, –, Biden, Wang Yi, Trump, He’s, Trump’s, Brian Wong, ” Wong, Lintao Zhang, Obama, Melania, “, Xi Jinping, Peng Liyuan, Xie Huanchi, he’s, ”, Bala Ramasamy, Shen Dingli, Premier Li Qiang, Ronald Reagan, “ Biden, Shen, ” Trump, skeptically, Vladimir Putin, Putin, Pavel Byrkin, Wong, it’s, Wang Yiwei Organizations: Beijing CNN —, Communist Party, Biden, Senior, Trump’s “, University of Hong Kong’s, Contemporary, House, oceanside, Trump, of, Forbidden, Huawei, Oxford Economics, China Europe International Business School, Premier, American, South Korea Navy, Asia –, Russia’s, NATO, Europe, Kremlin, Getty, South Korea –, White House, Renmin University Locations: China, Beijing, State, US, Russia, Communist, Contemporary China, Taiwan, Lago, City, Xinhua, Shanghai, Southeast Asia, Latin America, Europe, China's Qingdao Port, –, Asia, Seoul, Tokyo, Ukraine, United States, AFP, Japan, South Korea, America, Washington, Hong Kong, South China

☆ Red Sea attack-fueled ocean freight inflation is starting to ease on key global trade routes
▼ + stars: | 2024-02-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesThe Red Sea crisis has fueled a sharp spike in ocean freight inflation over the past two months, but there are signs that upward pressure on shipping rates on key trade routes may have peaked. Shipping rates on ocean routes from Asia to the U.S. are beginning to decline, based on analysis of the latest cargo data from Xeneta, a leading ocean and air freight benchmarking platform. The reversal in ocean freight pricing comes despite a maritime threat to global commercial shipping companies that shows no signs of waning. The timing of the rate decreases could influence new contracts in negotiations between ocean freight carriers and shippers at the beginning of March. "Either way, the next few weeks is crunch time for both ocean freight carriers and shippers and could define their fortunes for the rest of 2024."

Persons: Emily Stausbøll, Stausbøll Organizations: Future Publishing, Shipping, United Kingdom Maritime Trade, CNBC, FEU, U.S ., U.S Locations: Qingdao, Shandong province, Asia, Xeneta, Europe, U.S, East Coast, West Coast, Aden, Yemen, West, East, U.S . West Coast, Covid, Africa, Suez

☆ Pacific Nations Meet in China to Discuss Naval Issues
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

The three-day talks among 70 representatives from 30 countries come amid heightened tension in the South China Sea, particularly sea encounters between China and the Philippines. This week's working group meeting lays the groundwork for a biennial Western Pacific Naval Symposium set for the eastern city of Qingdao in April. Since 2002, China and Southeast Asian nations have tried to establish a framework to negotiate a code of conduct for the South China Sea, but progress has been glacial. In 2016, the Permanent Court of Arbitration said China's South China Sea claims had no legal basis, in a ruling rejected by Beijing. The concerns of members of the Pacific naval symposium go beyond the South China Sea, however.

Persons: Ryan Woo, Albee Zhang, Jacqueline Wong, Clarence Fernandez Organizations: Naval, South China, U.S ., Pacific, South Locations: BEIJING, Japan, Russia, United States, China's, Nanjing, South China, China, Philippines, Brunei, Malaysia, Taiwan, Vietnam, Manila, South, U.S, Qingdao, Southeast, Beijing, South Korea, North Korea

☆ Giant ape’s extinction solved by new fossil analysis
▼ + stars: | 2024-01-10 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Many of the caves containing Gigantopithecus fossils have been found in Guangxi's distinctive karst landscape. “The early caves at 2 million years old have hundreds of teeth, but the younger caves around the extinction period — there are only 3-4 … teeth,” Westaway said. Isotope analysis of elements such as carbon and oxygen contained in the Gigantopithecus teeth helped the researchers understand how the animal’s diet may have changed over time. Kira Westaway/Macquarie UniversityQuestions remainNo Gigantopithecus fossils from the neck down have ever been found and documented. A November 2019 analysis of proteins found in a Gigantopithecus fossil suggested its closest living relative is the Bornean orangutan.

Persons: King Kong ” —, G.H.R, von Koenigswald, Gigantopithecus, “, ”, Renaud Joannes, Boyau, Yingqi Zhang, Kira Westaway, We’ve, Westaway, Zhang, ” Westaway, Feng Cave, It’s, Wang Wei, Wang Organizations: CNN, colossus, Southern Cross University, Macquarie University, Shandong University’s Institute of Cultural Heritage Locations: Hong Kong, China, Australia, Guangxi, Vietnam, Asia, Shandong, Qingdao, Indonesia, what’s, Bose

☆ Alibaba, Baidu and more: Jefferies names Asian stocks with significant 'hidden value'
▼ + stars: | 2023-11-23 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Asian stock markets may have had a weak year, but excessive cash in the region's companies is a hidden opportunity for investors, according to Jefferies. Asian ex-cash P/E is just 9.1 times, indicating "significant value," Jefferies' analysts noted. The region's stocks are also "appealing from the shareholder return perspective," given stronger prospects of buybacks backed by free cash flows and high cash balances, they wrote. Jefferies screened for Asian companies with "significant ex-cash value and strong fundamentals," and which it said make "good candidates" for buybacks and dividends. Other Asian stocks that made Jefferies' list include Singapore's transport company ComfortDelGro and Indian oil and gas company Petronet .

Persons: Jefferies, JD.com, iPhones, — CNBC's Michael Bloom Organizations: MSCI HK, Baidu, China Communications Services, Qingdao Port International, Energy, Vipshop Holdings, Technology, Singapore South, Kia, Hyundai, Orion Corp Locations: Asia, Pacific, Japan, China, Qingdao, South Korea, Australia, Singapore, Singapore South Korean

☆ The Era of Total U.S. Submarine Dominance Over China Is Ending
▼ + stars: | 2023-11-20 | by ( Alastair Gale | ) www.wsj.com time to read: 1 min

A Chinese nuclear-powered submarine took part in a 2019 naval parade off the eastern port city of Qingdao. For decades, the U.S. hasn’t had to worry much about China’s submarines. They were noisy and easy to track. The Chinese military, meanwhile, struggled to detect America’s ultraquiet submarines. Now, China is narrowing one of the biggest gaps separating the U.S. and Chinese militaries as it makes advances in its submarine technology and undersea detection capabilities, with major implications for American military planning for a potential conflict over Taiwan.

Persons: hasn’t Locations: Qingdao, U.S, China, Taiwan

China's refiners processed 63.93 million metric tons of crude in October, equivalent to 15.05 million bpd, according to National Bureau of Statistics data released on Nov. 15. Crude imports were 48.97 million metric tons and domestic output was 17.33 million, giving a total of 66.3 million, equivalent to 15.61 million bpd. Subtracting the refinery throughput from the total crude available leaves a surplus of 560,000 bpd to be put into commercial or strategic reserves. China total crude available vs refinery processingFORECASTS TOO BULLISH? China's imports for the first 10 months of the year are 11.36 million bpd, which is 1.19 million bpd higher than for the whole of 2022.

Persons: refiners, China doesn't, Stephen Coates Organizations: National Bureau, Statistics, OPEC, International Energy Agency, BP, Reuters, Thomson Locations: Qingdao, Shandong province, LAUNCESTON, Australia, China, Asia, Saudi Arabia

☆ China's imports unexpectedly grow in Oct, exports extend declines
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Exports shrank 6.4% from a year earlier in October, customs data showed on Tuesday, faster than a 6.2% decline in September and worse than a 3.3% fall expected in a Reuters poll. The bad exports data may hit market confidence as we had expected the supply chain of exports to recover," said Zhou Hao, economist at Guotai Junan International. "The significant improvement in imports may come from rising domestic demand, in particular a demand to replenish stocks." However, in a sign trade is finding some footing, South Korean exports to China fell at their slowest pace in 13 months in October. China's manufacturing activity unexpectedly contracted in October, data showed last week, complicating policymakers' efforts to revive growth.

Persons: Zhou Hao, Joe Cash, Ellen Zhang, Sam Holmes Organizations: REUTERS, Rights, Imports, Guotai, Analysts, Thomson Locations: Qingdao, Shandong province, China, Rights BEIJING, North American, Korean

☆ The global freight recession will continue in 2024: CNBC Supply Chain Survey
▼ + stars: | 2023-11-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

watch nowThe global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. "Without more freight moving, 2024, and potentially 2025, will continue to see soft pricing as capacity outstrips demand," he said. Freight trucking will remain soft Trucking companies get paid per load, and low expectations for orders imply potentially lower revenue this holiday season. A slightly better second half 2024 outlook The survey shows expectations for a slight turnaround in freight volume in the second half of 2024.

Persons: Robinson, Kuehne, Nagel, Zhang Jingang, Alan Baer, Noah Hoffman, Jeff Bezos, Uber, Tim Robertson, Robertson, Brian Bourke Organizations: CNBC Supply Chain Survey, CNBC, Chain Survey, SEKO Logistics, DHL Global, USA, ITS Logistics, Getty, Logistics, C.H, Surface Transportation, Convoy, Tank Transport Locations: Qingdao, Shandong province, China

☆ Global EV battery supply chain puzzles over China graphite curbs
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. China dominates the global EV battery supply chain including production of graphite - the single largest component. Graphite companies in the country process both the natural material mined domestically and overseas, as well as synthetic forms. Under the new rules, China will require export permits starting Dec. 1 for high-end synthetic graphite, as well as key forms of natural graphite. NATURAL GRAPHITE HITGlobal companies using natural graphite include Hitachi Chemical, part of Japan's Resonac Holdings Corp (4004.T), South Korea's POSCO Future M (003670.KS) and Japan's Mitsubishi Chemical, which produces natural graphite at two plants in China, according to research firm CRU Group.

Persons: Fabian Bimmer, Sunit Kapur, Zhang Yan, Siyi Liu, Brenda Goh, Satoshi Sugiyama, Heekyong Yang, Seoul ， Paul Lienert, Jing Xu, Dominique Patton, Tony Munroe, David Evans Organizations: Volkswagen, REUTERS, Rights, EV, Qingdao, Reuters, China's Ministry of Commerce, Gotion High Tech, BTR, Material Technology, Hitachi Chemical, Japan's Resonac Holdings Corp, Mitsubishi Chemical, CRU Group, Mitsubishi, Resources, Materials, Thomson Locations: Salzgitter, Germany, Beijing, China, Japan, South Korea, United States, U.S, Shanghai, Ningbo Shanshan, Indonesia, Finland, Japan's, Australia, Mozambique, U.S ., Louisiana, North Carolina, Toyko, Seoul ，, Detroit

The second largest contributor to real gross domestic product growth in the third quarter came from business inventories (1.3 percentage points). South Korea's KOSPI-100 equity index, which is usually a good proxy for global trade given its heavy weighting towards export-oriented firms, rebounded strongly through the end of July. But the index has since weakened, consistent with the renewed downturn in volumes shown in the global trade index. UNCERTAINTYUncertainty about the economic outlook and ambiguous data are usually greatest around turning points in the business cycle. Related columns:- Persistent U.S. services inflation dampens oil outlook (October 13, 2023)- U.S. manufacturing rebound will stretch diesel supplies (October 5, 2023)- Global container freight stuck in doldrums (June 23, 2023)- Global freight shows signs of bottoming out (April 27, 2023)John Kemp is a Reuters market analyst.

Persons: Stringer, Korea's, John Kemp, David Evans Organizations: REUTERS, Global, Economic, Service, Real, Ministry of Transport, Treasury, Thomson, Reuters Locations: Qingdao, Shandong province, China, United States, Netherlands, CHINA, ASIA, Singapore, Asia, Europe, Japan, Narita, EUROPE Europe, Ukraine, Germany, doldrums

☆ China chases US and Russia guided-missile submarine capabilities with new vessels
▼ + stars: | 2023-10-25 | by ( Greg Torode | ) www.reuters.com time to read: +4 min

The Pentagon report, published Oct. 20, marks the first apparent confirmation that modified submarines seen in Chinese shipyards over the last 18 months are Type 093B guided missile submarines. The confirmation comes amid an intensifying submarine arms race as China constructs a new generation of nuclear-armed boats as part of its evolving deterrent force. Singapore-based security scholar Collin Koh said the SSGNs were an important new capability for the Chinese navy. Naval War College in May noted that the PLA was close to breakthroughs in making its nuclear-powered submarines far quieter and more difficult for the U.S. and its allies to track. "But we know the submarine force is a priority for Xi Jinping, and this is one more sign they are getting there."

Persons: Jason Lee, Collin Koh, Koh, Xi Jinping, Greg Torode, Gerry Doyle Organizations: Liberation Army Navy, REUTERS, Pentagon, Reuters, U.S . Navy, Cruise, Libyan, PLA, Rajaratnam, of International Studies . Research, U.S . Naval, College, U.S, Thomson Locations: Qingdao, China, HONG KONG, U.S, Huludao, Soviet Union, Florida, Singapore, Asian

☆ China curbs graphite exports in latest critical minerals squeeze
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

Here are key details on graphite and China's limits on exports of strategic minerals. That's about double the amount of lithium in an EV battery. China also refines more than 90% of the world's graphite into material used in virtually all EV battery anodes. Top buyers of graphite from China include Japan, the U.S., India and South Korea, according to Chinese customs data. OTHER CHINESE MINERAL EXPORT CURBSIn July, China announced export restrictions on eight gallium and six germanium products starting on Aug. 1.

Persons: Tony Munroe, Amy Lv, Christian Schmollinger Organizations: REUTERS, Rights, . Geological Survey, EV, Mercedes, Benchmark Mineral Intelligence, Thomson Locations: Qingdao, Shandong province, China, Rights SINGAPORE, Mozambique, Madagascar, Brazil, Japan, U.S, India, South Korea

WASHINGTON (AP) — The United States is welcomed in the Indo-Pacific region and needs to update its approach to have stronger presence there to counter China's influence, said the top American diplomat to Tokyo. “The region wants all of America, not just part of America, economically, militarily, diplomatically, politically,” Emanuel said. “Because they know, an untethered China is a real risk to them, and they need America, all of America, its presence." In August, President Joe Biden formed a trilateral partnership with Japan and South Korea in Camp David over shared security challenges posed by North Korea and China. At the Asia Society Policy Institute, Emanuel called the partnership “a seismic shift in the plates in the Indo-Pacific".

Persons: Rahm Emanuel, ” Emanuel, Daniel Russel, Wang Yi, ” Wang, Joe Biden, Camp David, Emanuel, “, ”, Russel Organizations: WASHINGTON, Asia Society Policy, U.S, East China, Washington, China, North, Asia Society Policy Institute Locations: United States, American, Tokyo, New York, U.S, Japan, China, America, South, East, Taiwan, Beijing, South Korea, Qingdao, Camp, North Korea

Inter Miami was eliminated from playoff contention earlier this month. He and Inter Miami co-owner David Beckham have enormous followings in Asia, along with several endorsement deals in the region. This is the first international tour for Inter Miami, which is about to end its fourth MLS season. The team won the Leagues Cup this season, doing so shortly after Messi began playing for Inter Miami in July. That suggests this trip could be another major financial win for Inter Miami.

Persons: — Lionel Messi, Messi, Ballon, Sergio Busquets, Jordi Alba, Chris Henderson, Messi —, —, David Beckham, “, Xavier Asensi, hasn't, ___ Organizations: Inter Miami, Major League Soccer, Chinese Super League, Qingdao Hainiu, Chengdu Rongcheng, MLS, Inter, ” Inter Miami, men's, Rose, Argentina, Australia, Olympic, Beijing Games, Leagues, Beijing, Charlotte, Wednesday, Argentina's, World Locations: FORT LAUDERDALE, Fla, China, Qingdao, Chengdu, Argentina, California, Beijing, Asia

☆ China's exports and imports drop again in September
▼ + stars: | 2023-10-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

In U.S.-dollar terms, exports fell by 6.2% last month from a year ago. China's exports have fallen on a year-on-year basis every month this year starting in May. The last positive print for imports on a year-on-year basis was in September last year. For the first three quarters of the year, China's exports to the U.S. fell by 16.4%, while imports dropped by 6% during that time. The volume of China's cosmetics imports fell by 14.2% in the first three quarters compared to a year ago.

Organizations: Future Publishing, Getty, Imports, Reuters, European Union, CNBC, Association of Southeast, Nations, EU, U.S, Monetary Fund, Initiative Locations: Qingdao, Shandong province, BEIJING, China, U.S, Russia, Europe, Southeast Asia

☆ China's export, import growth with Russia quickens in September
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Stringer/File photo Acquire Licensing RightsBEIJING, Oct 13 (Reuters) - The growth of China's exports and imports with Russia on a year-on-year basis quickened in September from August, China's customs data showed on Friday, as it urged deeper trade ties with its neighbour despite the disapproval of the West. Chinese shipments to Russia rose 21% to $9.6 billion in September from a year earlier, accelerating from 16% growth in August, Reuters calculations based on customs data showed. Imports from Russia rose 8% to $11.53 billion last month after rising 3% in August. Under Western sanctions, Russia has turned to China for economic support, benefiting from Chinese demand for oil, gas and grain. China also cleared the way for imports of pork from regions of Russia without African swine fever, Chinese customs said recently.

Persons: Stringer, Wang Wentao, Vladimir Putin, Ryan Woo, Ellen Zhang, Robert Birsel Organizations: REUTERS, Rights, Imports, Chinese, Administration of Customs, Commerce, Beijing, Thomson Locations: Qingdao, Shandong province, China, Rights BEIJING, Russia, Ukraine, Russian, China's

☆ Inside Asia's arms race: China near 'breakthroughs' with nuclear-armed submarines, report says
▼ + stars: | 2023-10-09 | by ( Greg Torode | ) www.reuters.com time to read: +7 min

But the Type 094s, which carry China's most advanced submarine-launched JL-3 missile, are considered relatively noisy - a major handicap for military submarines. The paper notes that the Type 096 submarine will compare to state-of-the-art Russian submarines in terms of stealth, sensors and weapons. That puts construction on schedule to have the boats operational by 2030, the timeline stated in the Pentagon's annual reports on China's military. Even if China's submarine force reaches technological parity, it will need to train aggressively and intensively over the next decade to match AUKUS capabilities, he added. Vasily Kashin, a Moscow-based Chinese military scholar at HSE University, said it was possible Chinese engineers had made the breakthroughs described in the report.

Persons: Jason Lee, Christopher Carlson, Carlson, Collin Koh, Koh, Alexander Neill, Neill, Vasily Kashin, Kashin, Greg Torode, Guy Faulconbridge, Gerry Doyle Organizations: Liberation Army Navy, REUTERS, Research, U.S . Naval War College, China Maritime Studies, U.S . Navy, Pentagon, U.S, People's Liberation Army, PLA, Reuters, Rajaratnam, of International Studies, New Zealand, Hawaii's, HSE University, Thomson Locations: Qingdao, China, HONG KONG, Russian, Asia, Hainan, South China, United States, Britain, Russia, France, Singapore, Soviet, Australia, Southeast Asia, Japan, India, South Korea, New, U.S, British, Western Australia, Moscow, Soviet Union, Beijing

☆ ‘Ring of fire’ annular eclipse: Here’s where to see it
▼ + stars: | 2023-10-07 | by ( Terry Ward | ) edition.cnn.com time to read: +11 min

Path of the ‘ring of fire’ eclipseBehold the beauty of an annular solar eclipse. For many, the event is being seen as a sort of warm-up for the 2024 total solar eclipse, which professor Mark Littmann calls “the gold standard” of eclipse viewing. It gives you a kind of an omen of what a total eclipse would look like.”Viewing an annular eclipse is far from routine: The next one won’t happen over the contiguous United States until 2046. Corpus Christi, TexasCorpus Christi residents and visitors will among the last to witness the annular eclipse on the US mainland. Santa Fe National Park, PanamaSanta Fe National Park in Panama will also enjoy the spectacular event.

Persons: Mark Littmann, ”, ” Littman, Debra Ross, ” Ross, Richard Tresch Fienberg, Bryce, ” Clark, Dave Clark, Del, Campspot, Yogi Bear’s, Clark, Christi, Chichén, Matthias Kestel Organizations: CNN, University of Tennessee, North, Eclipse, Task Force, “, CNN Travel, Utah, Capitol, Navajo Tribal, Boulder Mail, NASA, NOAA, Roswell Public Library, Grande Recreation, Alamo Beer Company, Omni, Corpus Christi, Christi, UNESCO, Santa Fe, Panama Santa Fe Locations: United States, Oregon , New Mexico, Texas, Antonio , Texas, Qingdao, Shandong Province, China, Oregon, Central, South America, Guatemala, Belize, Honduras, Nicaragua, Panama, Colombia, Brazil, Arizona, New Mexico , Utah, Colorado, Boulder, Bryce, annularity, Albuquerque, Roswell , New Mexico, New Mexico, Roswell, Grande, Antonio, San Antonio, Jose, Del Rio, Kerrville, Guadalupe, Bandera, Garner, Corpus Christi , Texas, Christi, Corpus Christi, Mexico, Corpus, North Padre, Uzmal, Mérida, Edzná, Campeche, of Mexico, Santa, Panama Santa, Santa Fe

☆ How surging trade with China is boosting Russia’s war
▼ + stars: | 2023-09-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +15 min

Mikhail Tereshchenko | Afp | Getty ImagesThe defense ministries of China and Russia did not respond to CNBC's request for comment on the trade flows. Trade of 'dual-use' goods spikesTotal bilateral trade between Russia and China hit a record high of $190 billion in 2022, up 30% from 2021. Semiconductor sales to Russia from China and Hong Kong more than doubled in 2022 as Western sanctions took hold. Meantime, construction equipment has played an "underappreciated" but significant role in China's contribution to Russia's war efforts, having helped bolster its defenses against Ukraine's counteroffensive, Joseph Webster, senior fellow at the Atlantic Council, said. The findings add to the growing list of Chinese goods and companies reported to be supplying Russia's military, including state-owned enterprises.

Persons: Vladimir Putin's, Mark Cancian, Vladimir Putin, Xi Jinping, Mikhail Tereshchenko, Wang Yi, China's, Putin, Li Shangfu, —, Qilai Shen, Antonia Hmaidi, Cancian, they've, Hong Kong Retekess, Legittelecom, It's, Silva, Hmaidi, Joseph Webster, Webster, that's, Ramzan Kadyrov, Russia's Organizations: CNBC, for Strategic, International Studies, Kremlin, Afp, Getty, Ukraine's Defense Ministry, Ukrainian Armed Forces, Bank of Finland's Institute, Emerging, Semiconductor, CNBC CNBC, Federal, Service, SZ DJI Technology, Robotics, Iflight, SZ, Technology, Bloomberg, Rostov, R Technology, Beijing KRnatural International Trade Co, Mercator Institute for China Studies Defense, Industry, Hong, Mercator Institute for China Studies, Moscow, ImportGenius, Ukraine's, Atlantic Council, Atlantic, U.S, China Taly Aviation Technologies, China Poly Technologies, EU, Beijing, National Security Council Locations: Ukraine, China, Washington, Russian, Moscow, Russia, Beijing, U.S, Kyiv, Hong Kong, Shenzhen, DJI, Liaoning, Shanghai, Berlin, Buryatia, Hubei, Korea, Pyongyang, Russia's, Amur, Chechen Republic, Qianwan, Qingdao Port, Shandong Province, deniability

☆ Analysis: China's economic woes embolden calls for deeper reforms
▼ + stars: | 2023-09-21 | by ( Kevin Yao | ) www.reuters.com time to read: +6 min

Both camps argue their proposals should be treated with urgency by policymakers, ahead of the annual Central Economic Work Conference, an agenda-setting gathering of top leaders expected in December. The pro-reform camp is beating the drum for faster structural reforms, including relaxing the system of residence permits, or "hukou", to spur consumption, removing market entry barriers for private firms at the cost of state giants. Reforms are urgently needed as growth engines such as property, exports and infrastructure are stalling, he said. Structural reforms with expansionary effects can also have immediate effects." TIGHTROPEDespite the heated debate, analysts expect Chinese leaders can walk a tightrope between stimulus and reforms.

Persons: Tingshu Wang, Yu Yongding, Yu, Kristalina Georgieva, Liu Shijin, Liu, It's, Tao Wang, Deng Xiaoping, Yi Xianrong, Kevin Yao, Sam Holmes Organizations: Central Business, REUTERS, Economic Work Conference, Reuters, International Monetary Fund, Fund, UBS, Asian Development Bank, Qingdao University, Thomson Locations: Beijing, China, BEIJING, China's, United States

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