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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  



BYD Remains King of China's Electric Car Market

比亚迪继续称霸中国电动车市场

2025-12-11 浏览


Chinese electric carmaker BYD retained its commanding lead in new energy vehicle sales in China in November, despite a monthly decline. According to the China Passenger Car Association, BYD sold 306,561 vehicle last month, down 26.5 percent from a year earlier but up 3.6 percent from October. The company held a 23 percent market share. Geely ranked second with 172,169 retail car sales, a 42 percent increase, giving it a 13 percent market share. SAIC-GM-Wuling followed with 96,194 units and 7.3 percent of the market, while Huawei-backed Harmony Intelligent Mobility Alliance placed fourth with 81,864 vehicles, up 6.2 percent.

Tesla China, which operates a mega-factory in Shanghai, took a 5.5 percent market share with delivery of 73,145 vehicles in the month. The 181 percent surge from October was driven by adjusted delivery schedules, introduction of a longer, family version of the Model Y, and domestic promotional incentives.
 
来源: Shanghai Daily  



Fed Cuts Rate a Quarter Point

美联储降息 0.25 个百分点

2025-12-11 浏览


The US Federal Reserve, as expected, cut its key interest rate by a quarter of a percentage point to a range of 3.5 percent-3.75 percent. In remarks to the press, Fed Chairman Jerome Powell said inflation remains above the central bank's 2 percent target largely because Trump import tariffs are pushing up prices, and he also indicated the Fed's third rate cut this year is enough "for now." Hong Kong monetary officials will lower the city's rates by a quarter point today because the Hong Kong dollar is linked to the US dollar.  
来源: Shanghai Daily  



Fighting Intensifies Along Thai-Cambodian Border

泰柬边境冲突加剧

2025-12-10 浏览


Fighting along the disputed Thai-Cambodian border intensified on Tuesday, derailing a ceasefire agreement reached in October. Up to 12 deaths and scores of injuries have been reported, and thousands of people living along the border have been evacuated. Each side blames the other for the renewed attacks. The two neighbors are disputing a century-old border line drawn up originally by the French.  
来源: Shanghai Daily  



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