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Friday, October 30, 2026
People's Republic of China
country in East Asia
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In brief
Fortescue shipped 46.8 million tonnes of iron ore in the September quarter, down 6% year over year, as major port maintenance constrained shipments; sales were 42.9 million tonnes amid ongoing negotiations with China’s state-backed buyer. The miner kept FY27 guidance unchanged but said it depends on those talks, while higher unit costs and a lower cash balance underscored financial pressures.
China says it will send a delegation to November’s COP31 in Türkiye and push for the summit to focus on implementing climate commitments, addressing emissions cuts and climate finance gaps, and advancing support for developing countries. Its priorities include a roadmap for developed nations’ climate-finance pledges and defending multilateral cooperation amid trade and policy tensions.
Chinese AI startup DeepSeek reportedly raised about 100 billion yuan ($15 billion) in a major funding round, with CATL and Tencent among the largest investors. The financing underscores its ambitions to compete with leading U.S. AI companies, though Reuters said it could not independently verify the report.
American aluminum manufacturers are moving to restore domestic production and create thousands of jobs, lessening America's dependency on China for a metal critical to national defense.
Latest
China disaster losses hit $30b as deaths climb above last year
China reported 1,162 dead or missing from natural disasters in the first nine months of 2026, up from 742 a year earlier, with 199.36 billion yuan in losses.
Oct 22, 2026
More
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Oct 21, 2026
China’s Jobless Keep Fake Commutes Amid Labor Strains
Oct 21, 2026
US universities slip in global rankings as China boosts investment
Oct 21, 2026
China Sends Navy After US Warship As Separate Maritime Standoff Erupts Near Taiwan
Oct 20, 2026
Newcastle case in Brazil prompts China and Mexico to restrict poultry imports
Oct 20, 2026
