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Chilean Far-Right Hardliner Wins Presidency

智利极右翼强硬派赢得总统大选

2025-12-16 浏览


Chilean voters swung to the far right, electing Jose Antonio Kast as their new president amid concerns over rising crime rates and a wave of immigration from Venezuela. Kast, a lawyer and right-wing hardliner, secured 58 percent of the vote in a runoff against leftist Jeannette Jara. It was the biggest swing to the right since the end of the military dictatorship in 1990.  
来源: Shanghai Daily  



China Gives Nod to First L3 Cars

中国批准首批 L3 级自动驾驶汽车

2025-12-16 浏览


China has granted its first approvals for so-called Level 3 autonomous cars, marking a milestone in the country's push to commercialize self-driving technology. The Ministry of Industry and Information Technology said it has conditionally approved two electric sedan models, submitted by Chongqing-based Changan Automobile and a unit of state-owned BAIC Group. L3 is one of six international standards for autonomous driving. Vehicles in that group have the capability of detecting the environment around them and make informed decisions for themselves, such as accelerating past a slow-moving vehicle. But they still require human override.

Changan's approved model can operate autonomous driving functions within a single lane on highways during traffic jams, at speeds of up to 50 kilometers an hour. Its use is currently limited to designated sections of Chongqing's expressway network. The BAIC model offers similar features at speeds of up to 80 kilometers and is restricted to specific expressways m Beijing, including routes to the city's international airport.
 
来源: Shanghai Daily  



Top Battery Materials Suppliers Raising Prices

主要电池材料供应商上调价格

2025-12-16 浏览


Chinese suppliers of materials for lithium iron phosphate batteries, vital in an array of industrial production, are signaling price increases in 2026 to stanch losses and address rising raw materials costs. Some companies have already raised prices, Yicai Global reported. An industry association said the sector has suffered losses for three years, and six of its listed companies have debt-to-asset ratios as high as 68 percent. Wanrun New Energy Technology has accumulated losses of 3.5 billion yuan (US$500 million) since 2023, and Lopal Tech has racked up losses of 2 billion, the report said.

Prices increases could ripple down the supply chain. The batteries are used in production of electric cars, solar and wind systems, sensors and energy storage, among other applications.
 
来源: Shanghai Daily  



Ukraine Willing to Drop NATO Ambition

乌克兰愿意放弃加入北约的目标

2025-12-15 浏览


Ukrainian President Volodymyr Zelensky said Ukraine would be willing to relinquish its goal to join NATO in exchange for strong Western security guarantees to defend the nation against any future Russian attacks. His concession came ahead of peace talks scheduled on Monday in Berlin with European leaders and US special envoy Steve Witkoff. The problem of territory remains a sticking point in ending the war. Ukraine, which is under US pressure for a speedy peace deal, has yet to agree to cede any land to Moscow, and the Kremlin remains insistent that there will be no peace unless Ukraine surrenders the eastern region of Donbas, which is largely under Russian occupation.  
来源: Shanghai Daily  



Gunmen Open Fire on Jewish Festival in Sydney

悉尼犹太节庆活动遭枪手开火

2025-12-15 浏览


At least 15 people were killed and 38 hospitalized after two gunmen – described as father and son – opened fire at a Jewish holiday event being held on Sydney's iconic Bondi beach on Sunday. The father, a licensed gun owner, was killed; his son was critically injured. Authorities said the tragedy, which occurred as up to 1,000 people gathered at a festival to celebrate the start of Hanukkah, is being treated as a terrorism event. Australian Prime Minister Anthony Albanese condemned the attack as "pure evil" and said his government stands with the nation's Jewish community. Israeli Prime Minister Benjamin Netanyahu accused the Australian government of "encouraging" antisemitism since the outbreak of the Gaza war and again denounced its decision to recognize a Palestinian state.  
来源: Shanghai Daily  



China Movie Industry on a Roll

中国电影产业势头强劲

2025-12-15 浏览


China's film industry is experiencing a stellar year that highlights its emerging global status, Xinhua news agency reported. The box office this weekend surpassed 50 billion yuan (US$7.1 billion), buoyed by animation films that now account for nearly about half of ticket sales. The China Film Administration said 1.2 billion tickets have been sold this year, with domestically produced movies accounting for 82 percent of the box office. Four animated films – "Ne Zha 2," Zootopia 2," "Nobody" and "Boonie Bears: Future Reborn" – were among the top 10 most successful films. China-made "Ne Zha 2" continues to be the blockbuster of 2025, grossing 15.4 billion yuan. Success at the box office is spilling over into a lucrative merchandising market, according to Lai Li, an analyst with movie-tracking firm Maoyan. Beyond animation, war movies told from the perspective of people caught up in conflict have been big hits, including "Dead to Rights," "Evil Unbound," "Gezhi Town" and "Dongji Rescue."  
来源: Shanghai Daily  



IMF Upgrades China Growth Forecast, Urges Less Focus on Exports

IMF 上调中国增长预期,敦促减少对出口的依赖

2025-12-12 浏览


The International Monetary Fund upgraded its growth forecast for China this year to 5 percent, on par with the government's target, and its estimate for next year to 4.5 percent. The fund's managing director said China needs to "accelerate" its shift from exports to domestic consumption as an engine of growth. Speaking in Beijing, Kristalina Georgieva said too much reliance on exports risks retaliation from countries that suffer big trade deficits with China, which has amassed a US$1 trillion trade surplus so far this year. She also said the IMF estimates that China would have to spend about 5 percent of its gross domestic product over the next years to resolve the four-year slump in its property sector, suggesting that "zombie firms" in the industry be allowed to fail.

The Chinese government this year has adopted an array of policies to boost domestic consumer spending and home sales. In a readout from Xinhua news agency, Chinese leaders attending the annual Central Economic Work Conference in Beijing this week pledged to stimulate consumption in the 15th Five-Year Plan (2026-30).
 
来源: Shanghai Daily  



Oracle AI Spending Plan Unsettles Investors

甲骨文的 AI 支出计划令投资者不安

2025-12-12 浏览


US technology giant Oracle has touched off a new wave of concerns that investment in AI companies is running too far ahead of the technology's short-term returns. The company reported disappointing quarterly revenue on Wednesday but said capital spending on artificial intelligence will be US$15 billion higher than the earlier announced US$35 billion. The combination of factors fueled concerns that huge outlays on AI by the tech industry aren't showing up on the bottom line. Oracle has grand plans to build AI cloud data centers; how it will raise the money for that infrastructure is uncertain. Oracle shares dropped about 10 percent each of the last two trading days on New York's tech-heavy Nasdaq index. The Nasdaq fell 0.3 percent on Thursday as investors fled AI companies to the broader market, sending the Dow Jones Average to a record high.  
来源: Shanghai Daily  



Pop Mart Names LVMH Executive to Board

泡泡玛特任命 LVMH 高管加入董事会

2025-12-12 浏览


Pop Mart has appointed Wu Yue, longtime president of LVMH China, as a non-executive director in a major board reshuffle aimed at strengthening its position amid mounting market pressures. Wu, 69, replaces He Yu, a partner at Black Ant Capital, who resigned due to "other work arrangements." The appointment comes as Pop Mart faces growing concerns over slowing sales momentum. The company's share price has fallen over 40 percent from its record high in August amid an oversupply of its popular Labubu dolls and concerns that the frenzied trend to buy them is on the wane.  
来源: Shanghai Daily  



US Seizes Oil Tanker Off Venezuela

美国在委内瑞拉近海扣押一艘油轮

2025-12-11 浏览


US forces seized an oil tanker off the coast of Venezuela, aggravating relations between Washington and Caracas and sending oil prices higher. US President Donald Trump, who is seeking to force Venezuelan President Nicolas Maduro out of office, has been building up a big US military presence in the Caribbean. Since September, US forces have carried out strikes against 20 alleged drug-trafficking vessels, killing more than 80. Venezuela, a member of OPEC, exported more than 900,000 barrels of oil per day in November, with most of its production shipped to China. In late New York trading, benchmark Brent crude oil contracts rose 1.2 percent to US$62.67.  
来源: Shanghai Daily  



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