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Chinese President Hosts Royal Visitors This Week

中国国家主席本周接待皇室访客

2025-11-14 浏览


Xi Jinping met Spain's King Felipe VI in Beijing this week, the first visit by a Spanish monarch in 18 years. Xi expressed a desire for closer economic ties with Spain. "The world needs more constructive forces dedicated to peace and development," Xi told Felipe. "China stands ready to work hand-in-hand with Spain to build a comprehensive strategic partnership." China is Spain's largest trading partner outside the EU. Bilateral trade last year totaled US$50 million. Xi said he hoped Chinese and Spanish companies can work together to tap opportunities in Latin American markets. "The friendship between Spain and China undoubtedly benefits both peoples," Felipe said. "A relationship of trust has been forged.

In a week of royal visits, Thai King Maha Vajiralongkorn arrived in Beijing on Thursday, the first Thai reigning monarch to visit China. China is the largest market for Thailand, with exports last year valued at US$80 billion. The king is scheduled to meet with Xi and Premier Li Qiang.
 
来源: Shanghai Daily  



Tencent Revenue Rises 15 Percent on AI Deployment

腾讯因部署人工智能,营收增长15%

2025-11-14 浏览


Tencent, China's largest gaming and social media company, posted a 15 percent gain in third-quarter revenue to 193 billion yuan (US$27.2 billion), with AI-driven technologies driving the key segments of gaming, marketing and social media services higher. Net profit rose 19 percent from a year earlier to 63.1 billion yuan. The company said chip shortages are restraining growth of its cloud-related business in China.

Game revenue in the domestic market increased 15 percent, aided by "Delta Force" and "Valorant Mobile," with the company calling the latter its most successful mobile game launch this year. Global game revenue was a standout, jumping 43 percent to surpass 20 billion yuan for the first time. Tencent cited the success of "Dying Light: The Beast" and record gross receipts for "Clash Royale." The company said its video unit had 114 million subscribers and its music unit, 126 million. The company had record investment in research and development, with artificial intelligence a key driver in expanding ad-targeting features across its WeChat social media platform. The company said it updated its foundational AI model, HunYuan, improving its coding, math, and science capabilities.
 
来源: Shanghai Daily  



New York Stocks Suffer Biggest Decline in a Month

纽约股市创下一个月来最大跌幅

2025-11-14 浏览


A retreat from investment in AI-related stocks sent New York markets to their steepest declines in a month, with the tech-heavy Nasdaq dropping 2.3 percent and the Dow Jones losing 1.7 percent. Some investors ae worried that technology shares, after a prolonged rally, are overvalued when compared to their short-term profit potential. Shares in chipmaking giant Nvidia, the world's most valuable company, dropped 3.6 percent. Worries about inflation vs rate cuts, flagging employment and the health of the US economy also played into market sentiment.  
来源: Shanghai Daily  



Singles Day Sales: Sizzling or Subdued?

双十一销售:火热还是冷清?

2025-11-13 浏览


China's Singles Day, or Double 11, online shopping extravaganza is winding down, with some merchants saying consumer response may have been more tepid than usual. Many e-tailers kicked off sales in mid-October, making the event the longest since Alibaba in 2009 turned a campus gift-sharing tradition into the world's biggest online sales event. "It is a mixed bag," Josh Gardner, chief executive of Kung Fu Data, which manages online stores in China for over a dozen global brands, told Reuters. "Muted might be a good word to describe sentiment. We have some brands that have done extremely well, far exceeding expectations; others are flat or maybe down slightly over last year."

The annual shopping bonanza is closely watched as a barometer of the strength of Chinese consumer spending, Global Times said. Participating e-commerce platforms have become coy about announcing sales totals in recent years, but they do offer insights into hot sales items. Alibaba reported sales of smart glasses on its Tmall platform jumped 25-fold, and Ubtech said it had double-digit growth in robotic sales. JD.com, which said it had record sales but gave no figures, said consumer electronics with AI features, including cameras, drew strong demand. Retailer Suning said its AI-operated home appliances like air conditioners were among its best-sellers.

Analysts estimated Singles Day sales in 2024 topped 1.4 trillion yuan (US$202 billion). Investment bank Bain, in a report released in late October, said China's e-commerce companies need to look for global growth given tepid consumer sentiment domestically. Alibaba's Taobao platform rolled out Singles Day-related sales in over 20 countries this year.
 
来源: Shanghai Daily  



Discord Over US Strikes on Alleged Drug Vessels

美国打击疑涉毒船只引发争议

2025-11-13 浏览


The UK has suspended sharing intelligence with the US about suspected drug-trafficking vessels in the Caribbean because it believes ongoing US military strikes against suspected illicit-drug boats are illegal, CNN reported. The US began deadly strikes on alleged drug speedboats in Caribbean and eastern Pacific international waters in September, killing about 75 seamen to date and blaming Venezuela for the illegal activities. This week, the largest US warship, the USS Gerald Ford aircraft carrier, arrived in the Caribbean. Venezuela President Nicolas Maduro mobilized the nation's military, accusing the US of "fabricating" a crisis to topple his socialist government.

The UN High Commissioner for Human Rights last week called in the US to stop what it called "unacceptable attacks, saying it could find "no justification under international law." This week, Colombian President Gustavo Petro ordered his nation's security forces to stop sharing intelligence with the US until the Trump administration stops its military attacks.
 
来源: Shanghai Daily  



Foxconn Posts 17 Percent Profit Growth

富士康利润增长17%

2025-11-13 浏览


Taiwan-based Foxconn, the world's largest contract electronics maker, said third-quarter profit rose 17 percent from a year earlier to NT$57.67 billion (US$1.86 billion) on an 11 percent increase in revenue to a record NT$2.06 trillion. Profit exceeded analysts' forecasts. The company, formally known as Hon Hai Precision Industry, is the world's largest assembler of Apple iPhones and a major supplier of AI servers for Nvidia. In a breakdown of business segments, the company said revenue from smart consumer electronics, including iPhones declined on exchange-rate fluctuations, but sales in cloud and networking products, which include AI servers, was strong. The company operates multiple production sites on the Chinese mainland.  
来源: Shanghai Daily  



China a Role Model at COP Climate Summit

中国在气候峰会上的榜样作用

2025-11-12 浏览


China has become something of a global role model for a greener economy at the Cop30 UN climate change summit in Brazil, following a new report showing that the nation's carbon dioxide emissions have been flat or falling for 18 months. China and the US are the world's two biggest emitters of the greenhouse gas. A report from the Centre for Research on Energy and Clean Air found China's emissions in the third quarter were unchanged from a year earlier on reductions in travel, cement and steel industries. The report, which also credited rapidly rising use of solar and wind power for the downward trend, said China is well ahead of schedule in meeting its targets for peak emissions by 2030 and net carbon neutrality by 2060.

André Corrêa do Lago, a Brazilian diplomat and president of Cop30, praised Chinese progress on green technologies but said one country alone cannot stave off a pending climate crisis. "China is coming up with solutions that are for everyone, not just China," he said, noting that that most of the world's rich countries have lost their enthusiasm for tackling the climate crisis.
 
来源: Shanghai Daily  



China's Electric-Car Sales Dominate Vehicle Sales

中国电动车销售主导汽车市场

2025-11-12 浏览


China's electric vehicle sales in October accounted for more than half of all new car sales for the first time, underscoring the nation's growing dominance in the global market, according to the China Association of Automobile Manufacturers. Sales increased 20 percent to 1.72 million, accounting for 52 percent of all vehicle sales. Exports doubled to 256,000 vehicles. In the first 10 months of the year, electric car sales totaled about 13 million vehicles, comprising 47 percent of total sales, and exports surged 90 percent to 2 million.

Separately, US investment bank Citicorp said in a new report that China's BYD, a world leader in electric cars, aims to sell up to 1.6 million vehicles abroad next year, rising from 1 million this year. The report following a meeting between Citi and BYD management.
 
来源: Shanghai Daily  



Taiwan Braces for Typhoon Fung-Wong

台湾严阵以待应对凤凰台风

2025-11-12 浏览


Taiwan began evacuating thousands of residents in high-risk areas ahead of the arrival of Typhoon Fung-wong, which is on track to begin sweeping across the island today with sustained winds of up to 108 kilometers an hour and gusts of up to 137 kilometers an hour. The cyclone weakened from a super typhoon to a severe tropical storm after battering the Philippines, leaving 25 people dead, and is expected to bring torrential rain and trigger landfalls in mountainous areas.  
来源: Shanghai Daily  



Russian Attacks on Ukraine Continue, Eastern City May Fall

俄罗斯持续袭击乌克兰,东部城市或将失守

2025-11-10 浏览


Russian military forces are poised to seize the eastern Ukrainian city of Pokrovsk, a target the Kremlin has been pursuing for 21 months. The fall of the city would be more a symbolic than a strategic victory, CNN said. Elsewhere in Ukraine, a barrage of Russian missiles and drones this weekend hit 15 sites, including energy infrastructure and residential areas. Ukraine said substations that power two nuclear power plants were among the targets. Parts of the capital Kiev suffered blackouts.

The US has slapped sanctions on Russian oil giants Rosneft and Lukoil to try to force Moscow to negotiate an end to the war in Ukraine, and has threatened sanctions on countries that buy oil or gas from them. However, President Donald Trump on Friday granted Hungary a one-year exemption after meeting Hungarian Prime Minister Viktor Orban at the White House. Orban is the most right-wing leader in the EU and an ally of Trump's.
 
来源: Shanghai Daily  



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