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☆ America's X-37B vs. China's Shenlong: Top space planes and their shadowy role in orbital war
▼ + stars: | 2024-08-24 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +13 min

Jeremy Webster/US Air ForceX-37BA space plane is a reusable spacefaring craft that can maneuver in space independently and also fly and glide within Earth's atmosphere. The most well-known space planes are the American Space Shuttle and the Soviet Buran. The program is surrounded in such extreme secrecy that there are no known images of the space plane in its current form. Though the exact start date is unknown, academic models of a Chinese space plane were reported as far back as 2000. AdvertisementOne of the most impactful possible uses of the space planes is as anti-satellite assets.

Persons: —, Jeremy Webster, NASA's, Timothy Kirchner, NASA foresees, Wang Jiangbo, Paul Hennessy, NurPhoto, Shenlong, spaceplanes, Nick Hague, Benjamin Brimelow Organizations: Service, Business, Kennedy Space Center, Landing, US Air Force, American Space Shuttle, Soviet, Space Shuttle, NASA, Boeing, US Defense Department, Defense, Research Projects Agency, DARPA, United States Air Force Space Command, Orbital, NASA's Kennedy Space Center, Atlas V, U.S . Space Force, . Air Force, Space Force, Force, Getty, Cape Canaveral Air Force, China Aerospace Science, Technology Corporation, US Department of Defense, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: United States, China, U.S, Xinhua, US, India, Russia, West

BANGKOK (AP) — Asian shares were mixed on Wednesday after Japan reported its exports jumped nearly 10% in December, though shares in Tokyo declined. Hong Kong’s Hang Seng surged 2% to 15,569.39, helped by gains in technology companies like e-commerce giant Alibaba, which surged 3.8%. The index rose 0.3% to 4,864.60. United Airlines flew 5.3% higher after it also reported stronger profit for the last three months of 2023 than analysts expected. Among Tuesday’s headliners was Verizon Communications, which rose 6.7% after beating analysts’ profit estimates.

Persons: Wang Jiangjun, Hang Seng, ” Gabriel Ng, India's Sensex, Gamble, D.R, Horton, Brent Organizations: Japan, China Securities Regulatory Commission, Capital Economics, Nikkei, Bank of, Nasdaq, Dow Jones, Procter, United Airlines, Boeing, Max, Tesla, Intel, Verizon Communications, General Electric, Analysts, Federal Reserve, Treasury, New York Mercantile Exchange, U.S Locations: BANGKOK, Tokyo, China, Shanghai, Bank of Japan, South Korea, Australia, Bangkok

☆ What do we know about China's new financial watchdog?
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Nov 21 (Reuters) - China's Central Financial Commission (CFC), a new regulator with Premier Li Qiang as its head, held a meeting on Monday and urged stronger supervision of risks in the financial sector as Beijing accelerates efforts to become a "major financial power". The CFC was set up for the top-level design, development and supervision of the financial sector, strengthening "unified leadership on financial work", according to a restructuring plan published by state media in March this year. The CFC has recruited many officials from the central bank and the finance ministry, financial news outlet Caixin reported earlier this month. The appointments indicate that both officials, who are close confidants of President Xi Jinping, will play important roles in shaping China's financial policies. He was also appointed as party chief of a separate Central Financial Work Commission (CFWC), which has been set up to strengthen the ideological and political role of the party in China's overall financial system.

Persons: Li Qiang, Premier Li, Li, Lifeng, Xi Jinping, Wang Jiang, Xia Xiande, Xi, Ziyi Tang, Kevin Yao, Ryan Woo, Sumeet Chatterjee Organizations: Financial Commission, Communist Party, CFC, WHO, THE, Financial Work, China Everbright Group, Analysts, Reuters, National Financial Regulatory Administration, State Council, People's Bank of China, prudential, Thomson Locations: BEIJING, Beijing, China, Lincoln

☆ China lands its secretive space plane after 9 months in orbit
▼ + stars: | 2023-05-08 | by ( Natalie Musumeci | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

China landed its mysterious reusable space plane after nine months in Earth's orbit. The space plane launched from the Jiuquan Satellite Launch Center in August 2022. The nine-month mission was the longest yet for the new space plane. In the absence of photos or details from China, multiple news outlets have suggested that the Chinese space plane may resemble the X-37B space plane developed by Boeing for the US military. Adam Shanks/US Space ForceThe Chinese space plane took off from the Jiuquan Satellite Launch Center in August 2022 and in October mysteriously ejected something into orbit, according to Space.com.

Following are some of the issues China and others are likely to be taking into account as it considers prospects for peace in Ukraine. Attempting to broker peace is a low-cost venture that can yield high returns for China, even if a quick breakthrough is highly unlikely, analysts say. The plan got lukewarm welcomes in both Russia and Ukraine while the United States and NATO were sceptical. China expanded trade with Ukraine after Russia invaded Crimea in 2014 and did not recognise the annexed territory as Russian, he said. Days before Russia invaded Ukraine, China and Russia announced a "no-limits" partnership.

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