Ethan Zhao
Senior Reporter
The Latest
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China and EU Tensions Escalate as EV and Trade Tariff Disputes Intensify
As electric vehicle (EV) competition heats up globally, trade tensions between China and the European Union have escalated. This week, the conflict took a new turn as China filed a complaint with the World Trade Organization (WTO) over Europe's recent imposition of tariffs on Chinese electric cars. Beijing, which contends the tariffs lack a "factual and legal basis," argues they violate WTO rules. The tariffs, approved in October and implemented last week, target Chinese automakers like BYD and impose rates as high as 45.3% on certain vehicles. 
As electric vehicle (EV) competition heats up globally, trade tensions between China and the European Union have escalated. This week, the conflict took a new turn as China filed a complaint with the World Trade Organization (WTO) over Europe's recent imposition of tariffs on Chinese electric cars. Beijing, which contends the tariffs lack a "factual and legal basis," argues they violate WTO rules. The tariffs, approved in October and implemented last week, target Chinese automakers like BYD and impose rates as high as 45.3% on certain vehicles. -
U.S. Urges China to Intervene as North Korean Troops Join Russia’s War in Ukraine
As North Korean troops reportedly amass in Russia to support Moscow's war in Ukraine, the U.S. has called on China to intervene, urging Beijing to leverage its influence over North Korea and Russia to prevent further escalation. In a rare diplomatic outreach, top U.S. officials, including Secretary of State Antony Blinken and Defense Secretary Lloyd Austin, have pressed China to "curb" North Korea's involvement in the Ukraine conflict. 
As North Korean troops reportedly amass in Russia to support Moscow's war in Ukraine, the U.S. has called on China to intervene, urging Beijing to leverage its influence over North Korea and Russia to prevent further escalation. In a rare diplomatic outreach, top U.S. officials, including Secretary of State Antony Blinken and Defense Secretary Lloyd Austin, have pressed China to "curb" North Korea's involvement in the Ukraine conflict. -
EU Citizens Told to Stockpile Essentials Amid Growing Fears of War With Russia
A newly released report has urged citizens across the European Union to brace for potential crises, including the possibility of armed conflict, by stockpiling essential items like food, water, and medication. 
A newly released report has urged citizens across the European Union to brace for potential crises, including the possibility of armed conflict, by stockpiling essential items like food, water, and medication. -
China Urges Automakers to Halt Investment in EU Nations Backing EV Tariffs, Escalating Trade Tensions: Report
China has reportedly advised its automakers to pause significant investments in European countries that support the newly imposed European Union (EU) tariffs on Chinese-built electric vehicles (EVs). 
China has reportedly advised its automakers to pause significant investments in European countries that support the newly imposed European Union (EU) tariffs on Chinese-built electric vehicles (EVs). -
EU Imposes Tariffs on Chinese EV Imports, Sparking Trade Tensions with Beijing
The European Union is set to impose new duties on electric vehicle (EV) imports from China by Thursday, following failed talks between Brussels and Beijing aimed at resolving a heated trade dispute. The new measures come as Europe faces growing concerns over China's increasing dominance in the EV market, with Chinese manufacturers benefiting from what the EU describes as unfair government subsidies. The European Union is set to impose new duties on electric vehicle (EV) imports from China by Thursday, following failed talks between Brussels and Beijing aimed at resolving a heated trade dispute. The new measures come as Europe faces growing concerns over China's increasing dominance in the EV market, with Chinese manufacturers benefiting from what the EU describes as unfair government subsidies. -
ByteDance Founder Zhang Yiming Tops China's Rich List as Tech Titans Dominate Wealth Rankings
Zhang Yiming, founder of ByteDance, has been named China's richest person for the first time, marking a significant shift in the country's billionaire rankings. According to the 2024 Hurun China Rich List, Zhang's fortune has soared to $49.3 billion, driven by the global success of ByteDance's popular platforms like TikTok and Douyin. This surge in wealth propelled Zhang past previous leader Zhong Shanshan, the bottled water magnate behind Nongfu Spring, whose wealth dropped significantly amid public backlash earlier this year. 
Zhang Yiming, founder of ByteDance, has been named China's richest person for the first time, marking a significant shift in the country's billionaire rankings. According to the 2024 Hurun China Rich List, Zhang's fortune has soared to $49.3 billion, driven by the global success of ByteDance's popular platforms like TikTok and Douyin. This surge in wealth propelled Zhang past previous leader Zhong Shanshan, the bottled water magnate behind Nongfu Spring, whose wealth dropped significantly amid public backlash earlier this year. -
Ukraine and South Korea to Strengthen Cooperation as North Korea Deploying Thousands of Soldiers to Aid Russia
Ukraine and South Korea are ramping up cooperation in response to North Korea's increasing involvement in Russia's war against Ukraine. Ukrainian President Volodymyr Zelensky announced on Tuesday that he had reached an agreement with South Korean President Yoon Suk Yeol to enhance intelligence sharing and coordinate strategies to address the growing deployment of North Korean troops in support of Russia. 
Ukraine and South Korea are ramping up cooperation in response to North Korea's increasing involvement in Russia's war against Ukraine. Ukrainian President Volodymyr Zelensky announced on Tuesday that he had reached an agreement with South Korean President Yoon Suk Yeol to enhance intelligence sharing and coordinate strategies to address the growing deployment of North Korean troops in support of Russia. -
China's Industrial Profits Plunge 27%, Sparking Calls for Stronger Stimulus
China's industrial firms suffered their steepest profit decline in nearly three years in September, underscoring the mounting challenges in the world's second-largest economy and intensifying pressure on policymakers to bolster growth. 
China's industrial firms suffered their steepest profit decline in nearly three years in September, underscoring the mounting challenges in the world's second-largest economy and intensifying pressure on policymakers to bolster growth. -
TSMC Suspends Shipments to Chinese Firm Over Alleged Huawei Link: Report
Taiwan Semiconductor Manufacturing Co. has suspended shipments to Chinese chip designer Sophgo after discovering that a chip it produced for the firm was found in a Huawei Technologies Co. AI processor, according to people familiar with the matter. The move underscores the escalating tensions in the global semiconductor industry amid stringent U.S. export controls aimed at curbing China's access to advanced technology. 
Taiwan Semiconductor Manufacturing Co. has suspended shipments to Chinese chip designer Sophgo after discovering that a chip it produced for the firm was found in a Huawei Technologies Co. AI processor, according to people familiar with the matter. The move underscores the escalating tensions in the global semiconductor industry amid stringent U.S. export controls aimed at curbing China's access to advanced technology. -
China Uneasy Over North Korean Troops Fighting in Ukraine, Putin Defends Growing Alliance
China's long-standing alliance with North Korea is being tested as reports confirm that thousands of North Korean soldiers have been deployed to Russia, potentially to fight in the ongoing Ukraine war. 
China's long-standing alliance with North Korea is being tested as reports confirm that thousands of North Korean soldiers have been deployed to Russia, potentially to fight in the ongoing Ukraine war.
