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Xi Jinping To Visit North Korea Next Week, First Visit Since 2019
Chinese President Xi Jinping and North Korean leader Kim Jong Un in Beijing, China (file)
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Chinese President Xi Jinping and North Korean leader Kim Jong Un in Beijing, China (file)
Russian President Vladimir Putin stated Moscow will not interfere in India-China relations, expressing confidence in Prime Minister Modi and President Xi resolving border disputes. Putin emphasized Russia's strong ties with both nations, asserting that its relationships do not negatively impact each other. He also highlighted potential defense cooperation with India.
Khandu said that Beijing's claims were nothing new, while stating that China's frequent attempts to rename regions in Arunchal Pradesh were out of โhabitโ.
The Putin-Kim-Xi alliance is likely to push Japan and South Korea to distance themselves from Beijing.
China is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite.Unitree Robotics, one of the most recognizable names in the industry after its robots practicing martial arts made headlines, on Monday received approval for a listing in Shanghai. Its IPO will serve as an early test for what could be a broader wave of offerings. Hong Kong alone has at least 46 robotics-related companies in the pipeline, more than 10% of applicants, according to a report. Companies that have filed IPO applications include Leju Robotics and Deep Robotics. โChinese humanoids are one step closer to IPOs, igniting market interest on humanoids in the second half of 2026,โ Sheng Zhong, head of China industrials research at Morgan Stanley, wrote in a note. โFunds from most of the Chinese humanoidsโ IPOs will go toward R&D, especially robot models.โ The deep pipeline of robotics IPOs mirrors the fast rise of Chinaโs AI ecosystem, where an array of listings whipped up an investor frenzy in the past six months. It also aligns with Beijingโs push to shift high-tech industries from innovation to large-scale deployment. China is rushing to set the pace of funding, industrialization and ultimately leadership in what Nvidia Corp. CEO Jensen Huang calls โphysical AI.โ Shares of OneRobotics (Shenzhen) Co. jumped as much as 18% in Hong Kong on Tuesday, while component maker Leader Harmonious Drive Systems Co. gained as much as 11% on the mainland. 131456136โThis is the decade of the robot โ and it belongs to China,โ Barclays analysts, including Zornitsa Todorova, wrote in a note last month. โThis leadership reflects a decade-long, state-guided push.โThe firm says Chinaโs robotics roll-out is already unmatched, accounting for 50% of global industrial robots and 85% of humanoids in 2025. Backed by coordinated industrial policy and tight supply-chain control, humanoids could reach about 3.8% of the nationโs labor capacity by 2035, it estimates. Unitree got a nice shoutout from Nvidiaโs Huang on Monday, when he showcased his companyโs endeavors in robotic AI. The two companies have partnered to build humanoid โreferenceโ machines, featuring five-fingered hands and built-in chips to replace cumbersome โFrankenrobotsโ in research labs.Some investors remain more cautious, though, when looking at the companiesโ fundamentals. Many robotics firms are expected to burn cash for years and concerns are mounting that valuations could run ahead of earnings.A gauge of humanoid robot stocks has fallen about 13% this year, after registering a 47% gain in 2025. ChinaAMC CSI Robot ETF, a major exchange-traded fund tracking robot-related stocks, has seen net fund outflows for most of this year. Valuations were also elevated, with the sector trading at about 40 times forward earnings, compared with about 14 times for the CSI 300 Index, according to Bloomberg-compiled data.โInvestors trading at such elevated valuations are typically not driven by long-term fundamentals, but rather by the pursuit of short-term price gains,โ said Shen Meng, a director at Beijing-based investment bank Chanson & Co. โIt indicates that sentiment is driven more by market dynamics than by conviction or long-term vision.โThe state-run China Securities Journal also struck a cautious tone in an editorial published Tuesday, warning that pre-IPO valuations may outpace fundamentals, with many firms still unprofitable, raising the risk of a sharp correction if growth or commercialization disappoints. Still, prospective issuers can look at the performance of China tech IPOs this year, with many listings thousands of times oversubscribed and producing big gains on their debuts. Two of those companies, AI model developers Knowledge Atlas Technology Joint Stock Co. and MiniMax Group Inc. last month gained inclusion in the Hang Seng Tech Index after massive rallies since their January listings. For investors, the robotics companies can also offer a way to benefit from the rapid expansion of a cutting edge industry, said Zhou Nan, founder and investment director of Shenzhen Long Hui Fund Management Co.โWith continued advances in AI, the robotics sector is poised for substantial long-term growth,โ Zhou said. โRobotics is expected to become a key driver of enterprise value, and progressively complement or replace human labor across a wide range of use cases.โ
The Ministry of External Affairs appointed Doraiswami as India's Ambassador to China in March
BEIJING: Oil prices rose more than 2% in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks ago. U.S. crude futures rose $2.17 or 2.48% to $89.53 a barrel as of 2312 GMT (Sunday). Brent futures rose $1.93 or 2.12% to $93.05 a โbarrel. The stepped-up โ fighting, coming โ just after the U.S. hosted Israeli-Lebanon peace talks in Washington on Friday, dimmed expectations that the U.S. and Iran could soon announce an extension to their ceasefire agreement, which had driven Brent and WTI to settle up 1.8% and 1.7%, respectively, on Friday. The Israel-Lebanon conflict has been the broadest spillover of the Iran war. It started on March 2 when Hezbollah began firing rockets and drones across the border into Israel to back its ally Iran. The two sides reached a ceasefire โ in mid-April โbut have continued to trade fire. U.S. President Donald Trump said on Friday that he would soon decide on a proposed deal to extend a ceasefire with Iran announced โ in early April, giving negotiators more time to seek a permanent end to the conflict and find a solution to the underlying dispute over Iran's nuclear program. Israel would be key to any such deal, and Iran has also said repeatedly that Hezbollah must be included. Meanwhile, concerns are rising about mines in key oil and gas shipping lane the Strait of Hormuz, IG analyst Tony Sycamore said in a note. That could slow the process of reopening the strait and mean that relief comes more slowly โfor the oil market even after it is reopened. "Even if an agreement is reached, it won't deliver a flood of supply," Sycamore said. An Axios reporter said on X on Friday that Iran had โ dropped more mines in the strait earlier in the week, shortly after U.S. Defense Secretary Pete Hegseth said that attempts to lay more mines would be a violation of the ceasefire. Hormuz is a conduit for about a fifth of global oil and gas flows and Iran has effectively closed it since the conflict began with U.S. and Israeli strikes in February. Concerns over supply outweighed lacklustre economic data from China over the weekend, which showed stalling factory activity. This added to concerns the world's second-largest economy is losing momentum, weighed down by a contraction in exports and cost pressures.
A Pentagon report adopts a sharper tone regarding Beijingโs military ambitions than the broader Trump administration, which has taken a relatively conciliatory approach toward China, particularly ahead of Trumpโs planned summit in Beijing with Xi Jinping.
India and China expressed satisfaction over peace along the LAC during border talks held under the WMCC mechanism in Beijing.
India's strong remarks came in response to a joint statement released by Islamabad and Beijing
Symbolism is essential. And in that domain, Beijing ensured that it dominated the global stage.
Xi Jinping met Putin during a meeting at The Great Hall of the People in Beijing on September 2, 2025.