Asia's stock markets were mostly on the rise on Monday, buoyed by China's leaders convening for a significant economic conference. This meeting is expected to bring fresh support for the world's second-largest economy, sparking a positive vibe among investors. The OPEC+ nations also announced they w
South Korea and the U. S. are joining forces to keep the Indo-Pacific region safe and stable. They've created a new partnership called the Regional Cooperation Framework. This is like their way of showing they're serious about maintaining peace and security in the region. The U. S. and South Korea m
Imagine a machine that can dig a tunnel wide enough to fit a five-story building through it. That's exactly what China has built! This machine, named Jianghai, is the country's largest tunnel-boring machine (TBM). It weighs a whopping 5, 000 tons and is 16. 64 meters in diameter. Why is this a big d
In a big move this week, the EU took a stand against China by imposing tariffs on Chinese electric vehicle (EV) manufacturers. These tariffs, ranging from 17% to 35. 3%, were put in place after talks between the EU and China broke down. The tariffs are meant to tackle the heavy subsidies that the Ch
In a surprising turnaround, China’s factory activity expanded for the first time in six months – jumping to 50. 1 in October. This is a promising sign after months of contraction, with September clocking in at 49. 8. Economists had expected a slight improvement, predicting 49. 9. But the actual resu
Taiwan and the United States are teaming up to boost Taiwan's defenses. Recently, the US has agreed to sell Taiwan $2 billion worth of weapons. This includes an advanced surface-to-air missile system, called NASAMS. It's the first time Taiwan is getting this type of missile. China isn't happy about
The U. S. Treasury Department has put forth a new rule to prevent American investors from helping China develop advanced military technology. This rule, which will take effect on January 2, 2024, is a follow-up to an executive order issued by President Joe Biden back in August 2023. The goal is to r
Ever wondered what it’s like to live in space? Chinese astronauts aboard the Tiangong space station shared a unique glimpse into their home 260 miles above Earth. A recent video from CCTV shows the crew touring their temporary residence. They proudly display the station’s kitchen, complete with a ti
Tensions are heating up between China and the United States over a recent arms deal. The US decided to send $2 billion worth of advanced weaponry to Taiwan, which has not gone down well with China. Among the items are top-of-the-line missile systems meant to strengthen Taiwan’s air defense capabilit
In the third quarter of 2024, China's smartphone market saw a slight bump, with around 69 million phones shipped—a 3. 2% increase from last year. This marks the fourth straight quarter of growth, mostly thanks to local brands. Vivo, for instance, boosted its sales by 21. 5%, staying at the top spot
