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China’s scrap dealers are scrambling for waste. So why is the recycling sector booming?

Shanghai scrap collector Li Jie has a problem, one which would appear unusual to most: trash is getting too valuable. “Ordinary recyclables like cardboard and plastic are now hard to come by,” he said. “Their prices have risen so much that there are so many collectors, including many companies.” The wave of new play…

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BMW ADRs Tumble On Full-Year Outlook Cut, China Demand Woes

BMW ADRs Tumble On Full-Year Outlook Cut, China Demand Woes Add BMW to the growing list of European automakers slashing forecasts due to softening demand, especially in China.BMW's ADRs fell 5% late in the US cash session after news that the struggling automaker slashed its full-year automotive profit outlook to aro…

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China accuses Philippine politicians of ‘intolerable’ conduct as tensions escalate

Amid continuously escalating tensions, Chinese Foreign Minister Wang Yi on Tuesday accused a handful of Philippine politicians of “egregious, irrational and intolerable” conduct, urging Manila to rein in their anti-China rhetoric, state media reported. Wang made the remarks during a phone conversation with Philippin…

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A strong start for Takaichi, but the real work is only beginning

Originally published by Pacific Forum, this article is republished with permission. Sanae Takaichi has just completed her first year as Japan’s prime minister. It has been a good one: She has retained stratospheric popularity (for a Japanese prime minister), avoided major gaffes and crises and handled problems that …

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Sanctions-evading China-bound billions turn untraceable in Moscow

At the sprawling Sadovod market in southeast Moscow, among the 160 acres of clothing, jewelry and appliance booths, at least eight teams are spotted, working apart from the everyday hustle and bustle of the market. Throughout a business day, these teams, known in confidential records as “departments,” receive a stea…

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ADMM-Plus is a wake-up call for Manila and Beijing

CHINA’s decision to downgrade its representation at the recent Asean Defense Ministers’ Meeting-Plus (ADMM-Plus) hosted by the Philippines should not be viewed merely as a diplomatic slight. More importantly, it should serve as a reminder of how much work remains to be done in rebuilding trust and confidence between…

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China’s first AI-generated film is a flop. Some still see it as the future of cinema

Chinese investors placing high value on AI despite unpopularity of Sanxingdui: Future PastChina’s first fully AI-generated movie has flopped, earning just 1.7m yuan (£191,000) at the box office despite costing “tens of millions” to make, according to its producer.But is it any good? The Guardian watched Sanxingdui: …

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Israel deepens Somaliland ties with first ambassador, testing Horn of Africa balance

Last week, Somaliland, a breakaway region that declared independence from Somalia in 1991, welcomed its first ambassador from Israel. Diplomat Michael Lotem presented his credentials in Hargeisa, while officials laid the cornerstone for an Israeli embassy. The ceremony, announced by Israel’s foreign ministry on Sund…

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China’s AI ‘shock’, EU ‘kill switch’, Ukraine hope, Mbappe fiasco: 7 global relations reads

We have selected seven of the most interesting and important news stories covering global relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. China warns EU not to ‘fantasise’ on trade approach after ‘kill switch’ threat Beijing warned Brussels not to “f…

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Top Chinese general meets Russian defence minister days after Politburo appointment

Zhang Shengmin, China’s most senior uniformed general, met Russian Defence Minister Andrey Belousov in Beijing on Tuesday in his first publicly reported meeting with a foreign official since he became a member of the Politburo. Zhang, the vice-chairman of China’s Central Military Commission (CMC), pledged to deepen …

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California-China tech, climate ties may face cooler future under Newsom successor

A Democratic victory in California’s gubernatorial election on Tuesday would likely preserve existing cooperation with China, but it would not be as fervent as it was during the era of outgoing governor Gavin Newsom, according to analysts. During the campaign - which is taking place alongside the midterm federal rac…

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