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French President Starts China Visit

法国总统开启访华行程

2025-12-04 浏览


French President Emmanuel Macron arrived in Beijing on Wednesday for his fourth state visit since taking office. He is scheduled to meet Chinese President Xi Jinping and Premier Li Qiang during the three-day stay. The French media said trade relations and the war in Ukraine will be among topics of discussion. Macron will also visit Chengdu, where two giant pandas loaned to France recently were returned for "retirement."  
来源: Shanghai Daily  



Death Toll in Hong Kong Fire Rises

香港火灾死亡人数上升

2025-12-04 浏览


The death toll in Hong Kong's deadliest fire in 77 years rose to 159 on Wednesday, with 31 people reported still missing. Seven of eight apartment high-rises in a residential complex in Tai Po were scorched in an inferno that took 40 hours to extinguish. Police have arrested 21 people on manslaughter charges, and the city's anti-corruption agency is investing possible graft in the letting of contracts for renovation work at the site. Flammable materials used in the work have been blamed for starting the fire and fanning its rapid spread. Authorities have ordered the removal of all scaffolding mesh from buildings undergoing renovations in the city.  
来源: Shanghai Daily  



Smartphone Shipments Forecast to Slip Next Year

预计明年智能手机出货量将下滑

2025-12-04 浏览


Global smartphone shipments are likely to decline by about 1 percent next year as rising memory chip prices push selling prices to record highs, according to research firm IDC. That would be a reversal from this year, when shipments are forecast to grow 1.5 percent to 1.25 billion units, driven by strong demand for Apple's new iPhone 17 series, especially in its largest market China. Apple said it plans to delay its next series introduction to 2027. IDC said the average price of a smartphone is expected to increase to US$465 next year.  
来源: Shanghai Daily  



Moscow Peace Talks Yield No Breakthrough

莫斯科和平谈判无突破进展

2025-12-03 浏览


US negotiators met with Russian President Vladmir Putin in Moscow for nearly five hours on Tuesday, trying to sell a revised peace plan less onerous to Ukraine. A Putin aide said no compromise on the plan was reached and territorial issues remain at the heart of any solution. Russia has consistently demanded that Ukraine cede the 19 percent of its territory now occupied by Russian forces. Zelensky has said surrendering territory would reward Russian aggression, but he is under pressure to make concessions. Putin earlier rejected a peace plan offered by Ukraine's European allies, saying Moscow is not looking for war with Europe but is ready to fight one. The European plan stresses strong security guarantees for Ukraine to prevent Russian attacks in the future. Meanwhile, Russia claimed it has captured the strategic frontline city of Pokrovsk in eastern Ukrainian, a claim Kiev denied.  
来源: Shanghai Daily  



DeepSeek Unveils New Models to Rival Google, OpenAI

深度求索(DeepSeek)发布新模型,挑战谷歌与 OpenAI

2025-12-03 浏览


Hangzhou-based technology startup DeepSeek, which stormed onto the global AI stage almost a year ago with a much cheaper open-source chatbot version, has unveiled the DeepSeek-V3.2-Speciale, said to rival Google's new Gemini 3 Pro model in certain tasks. DeepSeek has also introduced the V3.2-Speciale base model to rival OpenAI's GPT-5, claiming it achieved a gold-medal performance in a simulated Math Olympiad test. DeepSeek noted in its technical specs for the new models that gains came despite the company's limited access to advanced semiconductor chips, the South China Morning Post said.  
来源: Shanghai Daily  



New ZTE Phone With Doubao AI Sells Out

中兴搭载豆包 AI 的新手机售罄

2025-12-03 浏览


China's first smartphone equipped with ByteDance's Doubao AI assistant sold out within hours. ZTE, which makes the new Nubia M153, said initial sales were aimed at "industry users" and technology geeks to give the phone a market test, and the phones may lack final refined features. Software updates will be issued every two weeks. The Nubia M153 is priced at 3,499 yuan (US$495) but rose as high as 7,000 yuan on some secondhand platforms as enthusiasm over the phone spilled across the consumer market.

The phone features ByteDance's large language model and Qualcomm's Snapdragon 8 Elite platform. The Doubao assistant allows users to activate AI functions via voice, a side key or compatible earphones, and it can answer questions based on any on-screen content. ByteDance said it is negotiating with multiple phone brands to integrate the assistant but has no plans to develop its own smartphones.
 
来源: Shanghai Daily  



HK Arrests 13 in Fire Probe, Search for Missing Continues

香港火灾调查拘捕 13 人,失踪者搜寻仍在继续

2025-12-02 浏览


Hong Kong investigators probing the fire that raced through an eight-block residential complex last week said it appears the contractor of the renovation project at the site cut corners by swathing the buildings in netting that was not fire retardant. Officials said 13 people, including company directors and subcontractors, have been arrested on charges of suspected manslaughter. The disclosure came as the death toll in the fire rose to 151, with the search for at least 50 missing people hampered by the condition of bodies burned in the 40-hour fire.  
来源: Shanghai Daily  



Swiss Voters Reject New Tax on Super Rich

瑞士选民否决对超级富豪征收新税

2025-12-02 浏览


Voters in Switzerland, a country that attracts the wealthy with its benign tax laws, rejected a referendum proposal to impose a 50 percent inheritance tax on multi-millionaires to raise money to fight climate change. The measure was rejected by 78 percent of voters. In a separate ballot, 84 percent of voters rejected a proposal to introduce mandatory military or civic duty for both men and women. Switzerland holds plebiscites four times a year to give citizens a direct say in policymaking.  
来源: Shanghai Daily  



Asian Bonds Slide, Global Markets Slump

亚洲债券下跌,全球市场普遍走弱

2025-12-02 浏览


Japanese government bond yields climbed to their highest levels in more than 15 years on Monday, triggering a broad sell-off across Asian bond and currency markets and fueling concerns over a reversal of global liquidity that has long supported risk assets, including cryptocurrencies.

Japan's 10-year yield hit 1.86 percent and the two-year yield rose to 1 percent, their highest since 2008. Although the levels remain low by global standards, the rise marks a structural shift for an economy anchored for decades to near-zero rates. Investors say the shift threatens to unwind the yen carry trade, a strategy under which global funds borrow cheap yen to buy higher-yielding assets worldwide.

The yen rose against the US dollar and other global currencies after Bank of Japan Governor Kazuo Ueda gave the strongest indication to date that a December interest rate increase is under consideration to shore up an embattled yen. Yields on government bonds in India, Vietnam, South Korea, Malaysia and Singapore also rose. Despite the volatility, China's A-share markets climbed. The Shanghai Composite gained 0.65 percent, led by consumer electronics led and non-ferrous metals. In New York, the Dow Jones index snapped a five-day rally to close down nearly 1 percent and the Nasdaq lost 0.4 percent as yields on US Treasury bonds rose. European stocks also fell.
 
来源: Shanghai Daily  



China to Inspect Fire-Safety of High Rises, HK Grieves

中国将开展高楼消防安全大检查,香港沉痛哀悼

2025-12-01 浏览


China ordered a nationwide inspection of fire-safety standards in high-rise buildings after a deadly fire swept through a Hong Kong high-rise residential complex last week. Special attention will be paid to buildings undergoing external wall renovations and interior modifications, the Ministry of Emergency Management said in a statement. The inspections will cover flammable materials used in external wall insulation, banned construction materials, fire safety equipment and emergency evacuation routes.

The death toll from the Hong Kong inferno rose to 146 on Sunday, as rescuers continued to search through the charred floors of seven 31-story apartment blocks for the missing. The Tai Po district housing estate, built in 1983, housed about 4,600 residents. A probe onto the cause of the blaze and who bears responsibility continues. Hong Kong declared three days of mourning for those who lost their lives in the city's worst fire since a warehouse blaze in 1948 killed 176.
 
来源: Shanghai Daily  



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