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Rare earths’ monopoly. Unrivaled manufacturing supply chains. Free AI models that rival, or surpass, its American counterparts. More research papers and more STEM doctorates than anyone else. If you are reading a lot about these topics lately, you know how China’s decades-long strategy to become the top global superpower—and the greatest threat to U.S. world domination—is coming to fruition. What you may not be aware of is the other crucial part of Beijing’s plans; its industrial ramp up to dominate the most crucial resource on the planet: the oceans. China’s pursuit of maritime dominance has shifted from a regional ambition to a global reality, driven by a “breakneck…

Chinese aerospace giant Comac has unveiled its plans for the C949, a supersonic aircraft designed to fly 50% farther than the Concorde and produce sonic booms quieter than a hairdryer. Scheduled to debut in 2049—coinciding with the centenary of the People’s Republic of China—the aircraft positions China to challenge US supersonic projects like NASA’s X-59 and Boom Supersonic’s Overture in a race to redefine global air travel. “The most important thing here is that this shows supersonic is a race—and China’s interested,” says Blake Scholl, CEO and founder of Boom Supersonic. “Advanced airplanes symbolize technological superiority, and it’s no accident that China wants …

China is exploiting partnerships with U.S. researchers funded by the Department of Energy to provide the Chinese military with access to sensitive nuclear technology and other innovations with economic and national security applications, according to a congressional report published Wednesday. The authors of the report say the U.S. must do more to protect high-tech research and ensure that the results of taxpayer-funded work don’t end up benefiting Beijing. They recommended several changes to better protect scientific research in the U.S., including new policies for the Department of Energy to use when deciding whether to fund work that involves Chinese partnerships. …

An empty light truck is cruising along a sun-drenched highway of Qionghai, a city in Hainan Island, the southernmost part of China. As the car that’s filming overtakes it, we can see the truck has no driver. In fact, it doesn’t even have a cabin: Its front is just a flat wall crowned by what looks to be sensors and cameras. It’s an eerie and surreal view, a Headless Horseman of trucks just as scary as an actual headless horseman. The futuristic yet cheap-looking vehicle is part of a fleet of driverless light trucks that can carry 1,000 parcels each completely unattended over a range of more than 110 miles. These vehicles, operated by Chinese logistics giant ZT…

China will impose tariffs of up to 19.8% on pork imports from the European Union, a drastic drop from preliminary tariffs of up to 62.4%, its Commerce Ministry said Tuesday. The ministry’s announcement followed an investigation the Chinese side launched into imports of pork from the trading bloc after the EU imposed provisional tariffs on China-made electric vehicles. Beijing also levied anti-dumping duties on European brandy, most notably cognac produced in France, though major brandy producers received exemptions. Imports of dairy products from the EU likewise were subject to anti-dumping probes. The EU runs a massive trade deficit with China: over 300 billi…

China escalated its trade tensions with Japan on Wednesday by launching an investigation into imported dichlorosilane, a chemical gas used in making semiconductors, a day after it imposed curbs on the export of so-called dual-use goods that could be used by Japan’s military. The Chinese Commerce Ministry said in a statement that it had launched the investigation following an application from the domestic industry showing the price of dichlorosilane imported from Japan had decreased 31% between 2022 and 2024. “The dumping of imported products from Japan has damaged the production and operation of our domestic industry,” the ministry said. The measure comes a day after B…

China’s economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2% pace of growth in the previous quarter, the government said in a report Monday. In January-September, the world’s second largest economy grew at a 5.2% annual pace. Despite U.S. President Donald The President’s higher tariffs on imports from China, its exports have remained relatively strong as companies expanded sales to other world markets. China’s exports to the United States fell 2…

Chinese factory activity expanded for the first time in eight months in December, as orders picked up ahead of holidays and builders rushed to finish projects, according to surveys released Wednesday. The official purchasing managers index for manufacturing, a monthly survey of companies, rose to 50.1 this month, the National Bureau of Statistics reported. That was just above the 50 cut off for expansion versus contraction on a scale up to 100. Another, private sector, survey also was at 50.1 for December. The better-than-expected readings partly reflect easing pressure due to an extended truce in trade tensions with the U.S. They also suggest manufacturers ramped up pr…

Vaishnavi Srinivasagopalan, a skilled Indian IT professional who has worked in both India and the U.S., has been looking for work in China. Beijing’s new K-visa program targeting science and technology workers could turn that dream into a reality. The K-visa rolled out by Beijing last month is part of China’s widening effort to catch up with the U.S. in the race for global talent and cutting edge technology. It coincides with uncertainties over the U.S.’s H-1B program under tightened immigrations policies implemented by President Donald The President. “(The) K-visa for China (is) an equivalent to the H-1B for the U.S.,” said Srinivasagopalan, who is intrigued by C…

China’s factory activity shrank for a sixth straight month in September, the longest slump since 2019, an official report said Tuesday. The official manufacturing purchasing managers index, or PMI, improved to 49.8 from 49.4 in August. But it remained below the 50-cutoff level between contraction and expansion on a scale of 0 to 100. A private sector PMI survey by the credit research and rating startup RatingDog was more upbeat, with September’s overall PMI rising to 51.2 from 50.5 in August. The mixed manufacturing measures reflect persisting sluggish domestic demand and uncertainties over trade tensions with the United States. More detailed data measuring new orders…

“China has already won the materials war.” Andrew Barron, one of the top materials experts on the planet, didn’t mince words when I interviewed him for a documentary on the dangers of our civilization’s dependency on China’s quasi-monopoly of rare earth minerals. If the world does not stop depending on China’s supply of rare earths, he warned two years ago, we could face an economic collapse in just a few decades. It sounds like a dystopian sci-fi movie, but this potentially catastrophic scenario began this week for the United States, when Xi Jinping’s government issued an immediate suspension of rare earth mineral and magnet exports, retaliating against Presiden…

China’s trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald The President’s onslaught of higher tariffs. China’s exports rose 5.5% for the whole of last year to $3.77 trillion, customs data showed, as Chinese automakers and other manufacturers expanded into markets across the globe. Imports flatlined at $2.58 trillion. The 2024 trade surplus was over $992 billion. In December, China’s exports climbed 6.6% from the year before in dollar terms, better than economists’ estimates and higher than November’s 5.9% year-on-year increase. Im…

China’s exports rebounded in November after an unexpected contraction the previous month, pushing its trade surplus past $1 trillion for the first time, according to data released Monday. Exports climbed 5.9% from a year earlier in November while imports rose just under 2%. The customs data released on Monday also showed that shipments to the U.S. dropped nearly 29% year-on-year. But as trade with the U.S. weakens, China is diversifying its export markets throughout Southeast Asia, Africa, Europe, and Latin America. China’s exports had contracted just over 1% in October. November’s worldwide exports of $330.3 billion exceeded economists’ estimates. Imports tot…

Taiwan’s leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence. Taiwan Semiconductor Manufacturing Corp. is the world’s biggest semiconductor manufacturer. It reported a net profit of a record 452.3 billion new Taiwan dollars ($15 billion) in the July-September quarter, higher than analysts’ forecasts. The company earlier said its revenue jumped 30% year-on-year in the last quarter. TSMC has been building chip fabrication plants in the United States and Japan to help hedge against risks from China-U.S. trade tensions. The chipmaker is a major supplier to compani…

Chipotle—one of the original and most influential fast-casual spots in the country—just hit a major milestone. In 2024, they opened 304 new restaurants, marking the highest number of openings in a single year in their franchise history, according to a Tuesday earnings call. For a bit of context, they opened 271 locations in 2023, and in the two years before that, they were hovering just above 200 each year. And the growth isn’t slowing down—they’re planning to open between 315 and 345 new restaurants in 2025. The fast-casual juggernaut also reported a total revenue of $11.3 billion—an increase of 14.6% from last year’s $9.9 billion. The chain’s operating margin a…