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Trump-Putin Meeting Scrubbed

美俄领导人会晤计划被搁置

2025-10-22 浏览


A planned summit between US President Donald Trump and Russian President Vladimir Putin has been shelved, signaling that preparatory groundwork for the meeting found no concessions from the Kremlin on its terms for a ceasefire in Ukraine. There are "no plans" for Donald Trump to meet Vladimir Putin "in the immediate future," the White House official said tersely on Tuesday. Trump, after a phone call with Putin last week, said the two would meet in Budapest within two weeks. His peacemaking efforts in the Ukraine war have seesawed between support for Kiev and support for Moscow. Last week, Trump said he might supply Ukraine with Tomahawk long-range missiles; this week, he cooled on that idea and said Ukraine should cede territory occupied by Russian troops.

Russian attacks in Ukraine on Tuesday killed four people and left hundreds of thousands without power and many without water.
 
来源: Shanghai Daily  



China Telecom Benefits From AI

人工智能助力中国电信业绩提升

2025-10-22 浏览


China Telecom announced that net profit in the third quarter rose 3.6 percent from a year earlier 7.8 billion yuan (US$1 billion) on operating revenue of 124.8 billion yuan. For the first nine months of this year, operating revenue rose 0.6 percent to 394 billion yuan, with profit up 5 percent at 30.8 billion yuan. The company said it is seizing opportunities of new technologies and will expand initiatives into applications of artificial intelligence in its digital infrastructure.  
来源: Shanghai Daily  



Major Strontium Deposit Found in Jiangsu

江苏发现大型锶矿

2025-10-22 浏览


China has found a large strontium deposit in Jiangsu Province – a discovery that could strengthen the country's supply of industrial-use metals. The newly identified deposit is estimated to hold 545,500 tons of reserves with an average grade of 49 percent, according to the Ministry of Natural Resources. Strontium is an element used in specialty ceramics, magnetic alloys and other high-tech manufacturing. Geologists also found deposits of copper, lead-zinc and pyrite near the site.  
来源: Shanghai Daily  



China Economy on Track to Meet 2025 Growth Target

中国经济有望实现2025年增长目标

2025-10-21 浏览


China's economy in the third quarter expanded 4.8 percent from a year earlier, slowing from 5.2 percent growth in the prior quarter. For the first nine months of the year, gross domestic product grew 5.2 percent, putting the government on track to meet its 5 percent target for 2025, according to data from the National Bureau of Statistics. Consumer spending was the biggest contributor to GDP growth in the first nine months, while investment underperformed mostly due to the slowdown in property markets.

For the month of September, industrial production in September beat expectations with a 6.5 percent increase, and retail sales rose 3 percent. However, fixed-asset investment unexpectedly contracted 0.5 percent in January-September period, while per capita disposable income gained 5.1 percent.

The property market continued to show signs of weakness amid a four-year slump triggered by developer defaults. Investment in real estate in the first nine months of the year plummeted 14 percent, the statistics bureau reported. New home prices in September fell 2.2 percent from a year earlier, and home resale prices dropped 3.2 percent in China's biggest cities.

The economy and property market are among the issues expected to be on the agenda of the meeting of the Central Committee of China's Communist Party that began on Monday. China's leaders will be setting priorities for the 15th Five-Year Plan (2026-30), including further development of advanced technologies that have been principal drivers of growth.
 
来源: Shanghai Daily  



China Exports of Industrial Magnets Drop

中国工业磁体出口下降

2025-10-21 浏览


China's exports of rare earth industrial magnets fell 6 percent in September from August, with shipments to the US down 29 percent. In the first nine months of the year, exports of the magnets fell 7.5 percent from a year earlier. The magnets are critical in production of hard disk drives, wind turbines, cordless power tools, MRI scanners and other items. Total exports of rare earth and related products in September were up by 7.6 percent year on year, and up by 3.1 percent for the first nine months.

Chinese, which produces 87 percent of the world's supply of the magnets, recently announced tighter export controls over rare earths, which include the magnets, resulting in a flare-up of US-China trade tensions.

To counter China's grip on the supply chain, Australia and the US on Monday signed a multibillion-dollar agreement for Australia to provide the US with critical industrial minerals, including rare earths and lithium. The pact was finalized during meeting between Australian Prime Minister Anthony Albanese and US President Donald Trump at the White House. The agreement calls for each country to invest up to US$1 billion in mining and refining projects valued at up to US$8.5 billion in the next six months.
 
来源: Shanghai Daily  



Apple IPhone 17 a Big Market Hit

苹果 iPhone 17 在市场上大受欢迎

2025-10-21 浏览


The Apple iPhone 17 series is enjoying twice the sales of the 16 series last year, according to a comparison of their debut month in China and the US by data firm Counterpoint. It said sales of the series 17 phones since their launch last month in the two biggest markets have risen 31 percent. That's good news for Apple, which has been losing domestic market share to Chinese smartphone makers this year.

Separately, a group of 55 Chinese iPhone and iPad users filed an antitrust complaint against Apple with China's market regulator. The complaint alleges the Apple maintains a monopoly over iOS app distribution in China, forcing users to purchase digital goods exclusively through its system.
 
来源: Shanghai Daily  



Gaza Ceasefire Wobbles After Deadly Breach

加沙停火在致命破坏后动摇

2025-10-20 浏览


Israel carried out a wave of strikes in southern Gaza in what it said was retaliation for a Hamas attack on its troops. The breach in the barely week-old ceasefire left two Israeli soldiers and 44 Palestinians dead. Both sides said they were resuming the ceasefire after the flare-up of violence that each blamed on the other. The ceasefire was already on knife-edge with two of its key provisions -- release of deceased hostages by Hamas and entry of humanitarian aid into the enclave – proceeding much slower than expected and no progress on the next steps of President Donald Trump's peace plan, which include a transitional outside body to administer Gaza.  
来源: Shanghai Daily  



China Herbal Medicine Maker's Profit Drops

中国一家中药制造商利润下滑

2025-10-20 浏览


Zhangzhou-based Chinese herbal medicine maker Pientzehuang Pharmaceutical reported revenue in the third quarter dropped 26 percent from a year earlier to 2.6 billion yuan ((US$365 million), and profit fell 29 percent to 687 million yuan. The report shows that without a one-time investment gain in the period, profit would have fallen by nearly 55 percent. For the first nine months of the year, revenue fell 12 percent to 7.4 billion yuan, resulting in a 21 percent drop in profit to 2.1 billion yuan. The company, listed on the Shanghai stock exchange, takes its name from its best-selling therapy, a Ming Dynasty formula traditionally used to treat inflammation.  
来源: Shanghai Daily  



Robots a Big Hit at Canton Fair

机器人在广交会上大受欢迎

2025-10-20 浏览


The 138th Canton Fair, now underway in the southern city of Guangzhou, has attracted a record 240,000 buyers from around the world and thousands of visitors curious for a peek at the latest in smart technologies. Robots have proven a major attraction at the world's oldest and largest trade exhibition, which is focused on advanced technologies. Long queues have formed in the robotics zone of 46 exhibitors, where automatons are on display walking up stairs, dancing, measuring blood pressure, giving massages, cleaning floors and performing other human activities. China is the world's leading robot maker. The semiannual fair will run through November 4.  
来源: Shanghai Daily  



China's US Envoy Urges 'Return to Reason'

中国驻美大使呼吁“回归理性”

2025-10-17 浏览


Chinese Ambassador to the US Xie Feng urged Washington to "return to reason" and "stop applying maximum pressure" on China, warning that "a trade war serves no one's interest in the end." He said China is not looking for a fight but won't stand by idly if its national interests are threatened, and he called on the US to resolve differences through negotiation and not go down the "old path" of escalating tensions.

Meanwhile, the Trump administration said it will urge allies in Europe and Asia to decouple their supply chains from China as quickly as possible, with US Treasury Secretary Scott Bessent calling Beijing an "unreliable" trading partner. The rhetoric is the latest US salvo against China's announced tightening of export controls on rare earth minerals critical to industrial production. "China's actions have once again demonstrated the risk of being dependent on them," Bessent said. "This is China versus the world."
 
来源: Shanghai Daily  



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