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🇭🇰🇨🇳 Huanggang Port opens with joint clearance

More than 160,000 Hong Kong residents registered for the new “joint clearance” channel before the revamped Huanggang Port opens on Monday, with Hong Kong and Shenzhen authorities confirming the launch at 6.30am on October 12. Hong Kong Secretary for Security Chris Tang said extra manpower would be deployed, the Emergency Monitoring and Support Centre activated, and a joint command centre established with Shenzhen.

The new crossing will replace the current Lok Ma Chau-Huanggang port as the sole 24-hour clearance point between Hong Kong and Shenzhen. The checkpoint uses a joint inspection system, a first for border crossings, while the delayed 6.30am start was set to accommodate vehicle permit rules at the new facility.

Hong Kong’s Financial Services and the Treasury Bureau also said 45 insurers had agreed to extend compulsory motor and employees’ compensation coverage to the Hong Kong port area without extra cost. An opening ceremony is scheduled for Sunday.

#HongKong #China

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🇨🇳🇺🇸 China Weighs Yuan Funding Advantage

A researcher at the Chinese Academy of Social Sciences said Beijing could use the widening US-China yield gap to strengthen the yuan’s financing, hedging and asset-absorption systems. On 9 October, the 10-year US Treasury yield stood at 5.22%, versus 1.69% for Chinese government bonds, leaving a gap of about 3.5 percentage points.

The argument is that higher US yields reduce the appeal of yuan assets and increase exchange-rate and capital-flow pressure, while also raising dollar funding costs and making yuan financing more attractive. Yuan bond fundraising onshore and offshore reportedly exceeded 1 trillion yuan by early September, but the yuan still accounted for only 2.11% of global official reserves in Q2, against 56.70% for the US dollar, highlighting limits in China’s capacity to absorb and retain global capital.

The researcher warned that a wider gap could fuel carry trades and sustained selling pressure on the currency, even as the yuan has remained near 6.7 per dollar. He called for tighter links between yuan borrowing and real trade and investment, while Hong Kong expands offshore hedging and liquidity tools.

#China #US

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🇨🇳🇰🇷 China envoy meets DPK leader

Chinese Ambassador to South Korea Dai Bing met ruling Democratic Party leader Kim Min-seok at the South Korean National Assembly on Oct. 8, with Beijing saying both sides should deepen cooperation and remove disruptions ahead of the 35th anniversary of diplomatic ties next year, according to a report by Lianhe Zaobao. Dai also said China welcomes President Lee Jae-myung to attend the APEC meeting in Shenzhen.

The meeting comes after Chinese and South Korean leaders exchanged visits around late 2025 and early 2026, which Beijing said helped return bilateral ties to a more stable track. South Korea's Yonhap said the two sides also discussed investment cooperation in the Saemangeum industrial zone and expanding youth exchanges; Seoul and Beijing had already explored Saemangeum as a Korea-China industrial cooperation project, signed an MoU in January, and China later sent an investment inspection team.

Kim, who visited China in June as prime minister before becoming party leader in August, now holds a key role in the ruling party ahead of the 2028 parliamentary election. His position gives him influence over nominations and the domestic political handling of ties with China.

#China #SouthKorea

@asianomics
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🇹🇼🇨🇳 Lai frames defense as deterrence

Taiwan President Lai Ching-te said in his Double Ten Day address in Taipei that higher defense spending is intended to deter war, not provoke it, and that stronger self-defense does not preclude dialogue. In the speech, he said Beijing continues to apply military and gray-zone pressure to alter the status quo in the Taiwan Strait.

Lai said Taiwan is advancing defense reform, strengthening asymmetric capabilities, and expanding indigenous defense industry capacity by leveraging its semiconductor, ICT, and precision manufacturing base. He also linked Taiwan’s security to broader Indo-Pacific stability, welcomed US-China dialogue to manage competition, and said regional peace depends in part on coordination among democratic countries in the region.

Lai added that Taiwan values peace but will not give up freedom, and is open to exchanges without accepting political downgrading. He also called for domestic unity to strengthen Taiwan’s position over the next 30 years.

#Taiwan #China

@asianomics
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🇨🇳🇺🇸🇹🇼 Taiwan Moves Test US-China Reset

Recent US-Taiwan interactions, including former Taiwan leader Tsai Ing-wen’s US visit and the opening of a new Taipei representative office in Arizona, are not expected to derail improving ties between Washington and Beijing, according to diplomatic analysts cited by the South China Morning Post. Tsai began a week-long trip on Monday, while Taiwan foreign minister Lin Chia-lung attended the launch of the Taipei Economic and Cultural Office in Phoenix.

The article says Beijing has so far taken a pragmatic approach, partly because Tsai no longer holds office, even as the Taiwan issue remains a structural fault line in US-China relations. More immediate concern centres on a proposed US$14 billion arms package for Taiwan, while recent deliveries have included two F-16V fighter jets from a 66-aircraft sale approved in 2019.

US ambassador to China David Perdue said Washington’s position on Taiwan had not changed, maintaining opposition to both independence and coercion. The issue remains contained for now, but arms sales and official-level contacts will continue to shape the next phase of US-China engagement.

#China #US #Taiwan

@asianomics
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🇺🇸🇨🇳🇹🇼 US criticises China near Taiwan

The US State Department said China’s maritime activity off Taiwan’s east coast is deeply destabilising after Reuters reported the first known sighting of a Chinese militia boat in those waters in August. The sighting followed regular Chinese coast guard patrols east of Taiwan since June, expanding pressure beyond the Taiwan Strait.

Taiwanese officials say Beijing is using overlapping military, paramilitary and civilian assets to rehearse a possible maritime blockade. The area east of Taiwan is strategically important because Taipei sees it as a key wartime supply corridor from allies in the event of conflict or encirclement.

Washington urged Beijing to stop pressuring Taiwan and engage with Taiwan’s democratically elected authorities. China’s Foreign Ministry did not immediately respond.

#China #Taiwan #US

@asianomics
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🇵🇭🇨🇳 Marcos Defends China Policy

Philippine President Ferdinand Marcos Jr said Manila’s position on China and the South China Sea is aligned with fellow ASEAN claimants, rejecting suggestions that the Philippines has become a regional outlier. In an Oct 8 interview in Singapore, he defended Manila’s “transparent strategy” of publicising maritime incidents as factual rather than provocative, as he told The Straits Times.

Marcos said there is no contradiction between diplomacy and defence, stating that both tracks are aimed at protecting Philippine territory under international law. His administration has moved away from Rodrigo Duterte’s approach by more openly citing the 2016 arbitral ruling against Beijing’s sweeping claims, even as other ASEAN claimants such as Vietnam and Malaysia have generally pursued less public approaches while continuing to assert their own positions.

He also rejected Cold War-style alignment choices between the US and China. Marcos said possible joint oil and gas talks with China remain on the table, but would require more time and a commercially driven framework.

#Philippines #China

@asianomics
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🇵🇭🇸🇬 Marcos Seeks Singapore on ASEAN Digital Pact

Philippine President Ferdinand Marcos Jr said in Singapore that he wants the city-state to help advance ASEAN’s Digital Economy Framework Agreement after it is expected to be signed in November under Manila’s chairmanship. In an Oct 8 interview, he said the bloc must turn the pact into implementation when Singapore chairs ASEAN in 2027, with AI a priority, as regional digital integration moves forward.

Marcos said he discussed with Prime Minister Lawrence Wong the need for ASEAN initiatives to continue beyond any single member’s one-year chairmanship. He framed AI as both an economic opportunity and a policy challenge, citing risks including job losses and the need for worker retraining, while also linking deeper Singapore-Philippines cooperation to healthcare, digital infrastructure and reforms meant to attract long-term foreign investment.

The push comes as South-east Asia seeks to expand its digital economy while managing US-China competition over advanced technologies and supply chains. Singapore’s 2027 chairmanship is positioned by Manila as the next test of whether DEFA becomes an operational regional framework.

#Philippines #Singapore

@asianomics
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🇵🇭🇲🇲 Marcos urges Myanmar policy reset

Philippine President Ferdinand Marcos Jr said ASEAN needs a new approach to Myanmar, arguing the Five-Point Consensus remains valid but is not delivering results. In an Oct 8 interview, he said the Philippines, as ASEAN chair in 2026, had pushed to reset the bloc’s stance, and cited recent visits by Myanmar’s leader to Malaysia and Cambodia as early movement; Marcos said this had not happened before.

The Five-Point Consensus, adopted after the 2021 military coup, remains ASEAN’s central framework on Myanmar and calls for an end to violence, dialogue, humanitarian aid, a special envoy, and an envoy visit. Marcos said ASEAN’s consensus model remains a strength, even as the bloc faces criticism over limited impact amid a conflict that has killed about 100,000 people, displaced 3.8 million, and continued with attacks including a Sept 28 air strike in Rakhine that killed at least 50.

The issue remains divisive inside ASEAN. Critics warn engagement with Myanmar’s leadership risks conferring legitimacy without reducing violence.

#Philippines #Myanmar

@asianomics
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🇮🇩 Dedi Mulyadi Emerges as 2029 Contender

West Java Governor Dedi Mulyadi, a Gerindra politician and former motorcycle taxi driver, has drawn national attention as a possible challenger in Indonesia’s 2029 presidential race, according to an SCMP report. Elected in a 2024 landslide to lead Indonesia’s most populous province, he has built a large following through populist policies, grassroots interventions, and a strong social media presence.

A July simulation by pollster SMRC put Dedi at 35% in a multi-candidate presidential preference test, versus 14.5% for President Prabowo Subianto. An August Tempo Data Science survey showed a similar gap, with Dedi above 40% and Prabowo around 15%, raising questions inside Gerindra over whether a figure elevated under the party’s banner could become its internal rival.

Dedi’s rise is tied to both provincial visibility and digital reach, making him one of Indonesia’s most prominent subnational leaders well ahead of the 2029 contest. The early polling does not determine candidacy, but it places him in the national succession conversation.

#Indonesia

@asianomics
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🇨🇳 China AI Safety Disclosures Limited

A California-based research firm, SemiAnalysis, reviewed 857 models released by nine leading Chinese AI developers between 2021 and Sept. 15, 2026, and found safety evaluation results tied to specific models for only 31 cases, or 3.6%. Just nine models, or 1.1%, had such results published at or before release. The companies surveyed included Alibaba, ByteDance, Tencent, Baidu, DeepSeek, Moonshot AI, Zhipu, MiniMax, and StepFun.

The report defined disclosure as model-specific test results covering harmful outputs, jailbreak resistance, privacy, and related areas, excluding general claims that a model had undergone safety training or evaluation. Researchers said they found no disclosure information for another 813 models, while noting that some testing may have been conducted internally. SemiAnalysis also said no major Chinese developer has published dangerous capability test results for frontier text models covering cyber, biological, or loss-of-control risks.

The report did not provide comparable data for US firms, but the article noted that companies including OpenAI, Anthropic, and Google DeepMind have published safety reports, system cards, or model cards for some major frontier releases. The findings point to a limited public safety reporting baseline in China's commercial AI sector.

#China

@asianomics
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🇺🇸🇨🇳 US Lawmaker Seeks More China Curbs

A senior US House member has urged the Pentagon to add 58 Chinese universities and 62 technology labs to the Section 1286 research funding restriction list, including Tsinghua University. The request came from John Moolenaar, the Republican chair of the House Select Committee on China, and targets institutions working in semiconductors, AI and quantum computing.

The Section 1286 list was created under the 2019 National Defense Authorization Act to identify foreign universities and research bodies seen as posing risks to US research programs and national security. The Pentagon cannot provide research funding to entities that cooperate with listed institutions; its latest July update covered 130 foreign institutions, including 88 from China, while in August it opened reviews into 30 US universities over possible links.

China’s commerce ministry has criticized the US for politicizing and weaponizing research cooperation and said it would take necessary measures to protect the rights of Chinese research institutions.

#USA #China

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🇲🇾🇮🇩 Malaysia pressed on haze-linked firms

Malaysia ordered school closures across Johor, Malacca, Negeri Sembilan, Kuala Lumpur, Putrajaya and Rompin in Pahang as haze from Indonesian forest fires worsened this week. The disruptions followed allegations by Greenpeace and Pantau Gambut linking Malaysian and Singaporean corporate interests to fire hotspots in Kalimantan, with civil society groups urging tighter action on companies connected to fires abroad.

The pressure centres on Malaysia’s long-delayed transboundary haze law, first pursued in 2019 and backed in principle in 2020 to allow authorities to investigate firms over environmental harm outside national borders. Activists and some MPs argue existing regional cooperation has not prevented repeated haze episodes that continue to affect schools, air quality and public health, while enforcement remains constrained by jurisdiction and evidence-gathering limits.

The latest episode is likely to renew scrutiny of whether Putrajaya moves from regional coordination to direct legal accountability for Malaysian companies operating in Indonesia.

#Malaysia #Indonesia

@asianomics
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🇨🇳🇹🇼 Beijing defends Taiwan drills

China’s Ministry of National Defense on Sunday criticized Lai Ching-te’s Double Tenth speech, accusing the Taiwan president of exaggerating mainland military threats and inciting cross-strait confrontation. Spokesman Chen Xi said the PLA’s regular exercises around Taiwan are justified and aimed at deterring “Taiwan independence” forces and external interference.

Beijing reiterated that there is only one China and that Taiwan is part of China, describing this as the “true status quo” in the Taiwan Strait. The response followed Lai’s Oct 10 address, in which he said Taiwan would raise defense spending, strengthen asymmetric capabilities, and improve whole-of-society resilience, while arguing these steps are for deterrence rather than provocation.

China’s Taiwan Affairs Office had already rejected Lai’s speech on Saturday and repeated its opposition to independence and foreign interference. The exchange keeps cross-strait tensions elevated after Taiwan’s national day messaging.

#China #Taiwan

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🇨🇳 PLA drills DF-26 readiness

China’s state broadcaster said a PLA Rocket Force unit based in southeastern China conducted an unannounced holiday emergency combat-readiness drill involving the DF-26 missile system, simulating satellite surveillance, equipment strikes, and personnel losses. According to a report by Lianhe Zaobao, troops assembled after a combat alert, moved in multiple echelons at night, and rehearsed concealment after notice of an enemy radar satellite passing overhead in 10 minutes.

The report said the drill had no prior notice and no preset script, and state media did not disclose the exact date, location, unit garrison, or whether any live-fire launch took place. The DF-26, first publicly unveiled in 2015, is a Chinese intermediate-range ballistic missile with both conventional and nuclear strike capability and an estimated range of about 4,000 km, making it a core element of China’s long-range strike and deterrence posture.

State media footage also displayed the slogan “forge swords across domains, defend unification,” linking the exercise to broader military signaling. The unit was described as operating a full Dongfeng missile system inventory.

#China

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🇰🇵🇺🇸 Denuclearization Goal Recedes

The director of 38 North said North Korea’s denuclearization is becoming increasingly improbable and argued that the United States and its allies should shift toward arms control and crisis communication talks. In a Kyodo interview, Jenny Town said a pivotal turning point came in 2017, when North Korea tested its first ICBM and altered how U.S. allies viewed extended deterrence.

Town said Pyongyang’s combination of theater-range and long-range capabilities has intensified decoupling concerns in South Korea, as North Korea can threaten both regional targets and the U.S. homeland. She also said past openings for negotiations were missed, including the 2019 working-level talks in Stockholm after the Trump-Kim summits, while North Korea’s 2022 nuclear law codified its status as an “irreversible” nuclear weapons state.

The assessment points to a narrower diplomatic agenda centered on risk reduction rather than rollback. It also reflects how two decades after North Korea’s first nuclear test, the strategic baseline on the peninsula has shifted.

#NorthKorea #UnitedStates #SouthKorea

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🇰🇷🇺🇸 NIS denies wider intel curbs

South Korea’s National Intelligence Service said Sunday that a report claiming the United States now shares only North Korean missile intelligence with Seoul was false. The agency said bilateral intelligence cooperation continues across multiple areas, and that the overall volume of U.S.-provided intelligence has not declined.

The denial follows concerns over friction in intelligence coordination after Seoul disclosed a North Korean uranium enrichment site in the Kusong region during a March parliamentary session. The NIS had already acknowledged being excluded from a June trilateral meeting with the U.S. and Japan on North Korean cyber threats, while a senior U.S. official said Friday that Washington expects Seoul to uphold alliance standards.

The NIS said some restrictions in specific areas had already been acknowledged by the government, but described overall intelligence sharing as reciprocal and active. It said cooperation still covers missiles, conventional military capabilities, developments in North Korea, international relations, cybersecurity and counterintelligence.

#SouthKorea #UnitedStates

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🇯🇵🇺🇸 Okinawa outrage after Marine arrest

A US Marine stationed in Okinawa was arrested on suspicion of killing a 39-year-old Japanese woman at a hotel in Naha and stealing her wallet, in a case that has triggered public anger across the island. Japanese Prime Minister Sanae Takaichi condemned the case as a heinous crime, while residents told The Straits Times they felt fear, grief and frustration over another alleged crime linked to US forces.

Okinawa hosts a heavy share of the US military presence in Japan, and crimes involving American personnel have long fueled opposition to the bases. The arrest has revived demands for tighter rules on US troops and, among some residents, calls for their removal, even as parts of the local economy continue to depend on base-related jobs and spending.

The case has further strained local relations after alcohol restrictions were already imposed on US forces. It also renews a recurring political fault line in the US-Japan security presence on the island.

#Japan #USA

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🇯🇵 Kawasaki raises defense sales target

Kawasaki Heavy Industries plans to lift defense sales to 1 trillion yen or more in the mid-2030s as Japan expands military spending. The company revised its fiscal 2030 target to 700 billion-800 billion yen from 500 billion-700 billion yen, while current-year defense sales are estimated at about 510 billion yen.

The shift aligns with Japan's effort to strengthen its domestic defense industrial base amid changing security conditions and greater focus on drones and artificial intelligence. Kawasaki said it is developing unmanned aircraft to work with manned platforms in jamming and strike missions, as well as unmanned underwater vehicles.

The company is also positioning physical AI as a core investment area, including industrial robots for semiconductors and shipbuilding, sectors it classifies as important for national security.

#Japan

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🇨🇳🇺🇸 Luxshare Faces US Patent Probe

China-based Apple supplier Luxshare Precision said the US International Trade Commission has opened a Section 337 investigation into alleged patent infringement involving vertical power delivery systems, with Luxshare and subsidiary Dongguan Luxshare Technology named in the case. The complaint was filed by US company Vicor Corporation, and Luxshare said the products involved remain in customer validation and have not entered mass production.

The case also names Delta Electronics, Infineon, Foxconn and Quanta among other electronics and server supply-chain companies. Section 337 probes target imported goods tied to intellectual property or other unfair trade practices; if infringement is confirmed, the ITC can issue exclusion or cease-and-desist orders affecting access to the US market.

Luxshare said the investigation is at an early stage and no substantive infringement finding has been made. The company added that it expects limited impact on current operations and earnings while it prepares legal and technical responses.

#China #UnitedStates

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