Jiangxi Becomes Growth Driver for China's VR Industry Development

Dutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year, after seeing shipments to the market more than double during the previous quarter despite mounting US pressure for tighter export restrictions on less advanced chipmaking machinery. The company’s sales to China surged 109 per cent in the third quarter compared with the previous three months, according to financial results released on Wednesday. That took China’s share of ASML’s...

China’s exports grew last month at the fastest pace in almost any month since the end of the global financial crisis.

Philippine officials want a new anti-foreign interference law ahead of the 2028 presidential election, as a raid on a suspected online scam centre near the country’s military headquarters and reports of Chinese-linked money transfers to a company tied to Vice-President Sara Duterte-Carpio’s family fuel national security concerns. On Monday, immigration and military operatives arrested 76 foreigners at a facility in Quezon City suspected of being linked to Philippine offshore gaming operators...

The rapid and unbridled development of artificial intelligence (AI) has the potential to disrupt the US economy in a way that is comparable to the “China shock” that displaced American workers, former US commerce secretary Gina Raimondo warns. Speaking at the Bloomberg New Economy Forum in New Delhi on Tuesday, she drew parallels between AI’s potential disruption to American jobs and the past impact of Chinese manufacturing competition on the US labour market. “In America, we’ve seen what...

Tokyo summoned Russia’s ambassador after a Japanese reporter was arrested in Russia’s far east and accused of collecting military intelligence.

China has granted approval for Alibaba Group Holding’s artificial intelligence models to be integrated into several Apple handsets, including the new iPhone Duo, in the Chinese market, clearing a key regulatory hurdle for the long-delayed launch of Apple Intelligence in the country. Updated network access permits for the iPhone Duo, iPhone 18 Pro and several earlier Apple models from China’s Ministry of Industry and Information Technology now include three approved AI systems: Apple Intelligence...

Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is...

Japanese Agriculture Minister Kazuo Yana said he tendered his resignation following allegations of possible vote-buying, lining him up to become the first minister in Prime Minister Sanae Takaichi’s government to quit over a scandal. “I apologise for causing such a huge inconvenience to those involved,” Yana said to reporters after submitting his resignation on Wednesday. He said he made the move out of concern for holding up parliament and his ministerial duties. Yana declined to comment on how...

A debate over tipping culture has erupted across the Indonesian resort island of Bali and beyond, triggered by a politician’s unfavourable comparison of domestic and foreign tourists. In a social media video, I Gusti Arya Wedakarna urged domestic tourists to “normalise giving tips in touristy places”, which he said was part of the island’s “ethics”. “Perhaps that’s the psychological reason why Balinese people are more excited about serving foreigners,” said Wedakarna, an Indonesian Regional...

Some of those detained accused security forces of beating them during an intense crackdown on demonstrations in India’s capital over the weekend. Police have said they followed the law.

When Daniela Cruz arrived in Singapore last week, hazy skies obscured the picture-perfect sights she had seen on social media, offering a different view of the city state from the one she had expected. The 27-year-old bank associate had travelled from Australia for the Formula One Singapore Grand Prix, but the smoky weather dampened her experience. “The buildings we saw on social media were covered in haze, and it made conditions extremely hot and humid,” she said. The haze blanketing...

The Taliban government has intensified its crackdown on the press in recent months but had so far targeted Afghan news outlets.