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Articles by Cho Yong Sung
Kim Jong Un Visits Bus Assembly Plant in Dandong, China
Kim Jong Un, the Chairman of North Korea, visited a bus assembly line in Dandong, Liaoning Province, China, on October 24, raising speculation about the potential expansion of automotive industry cooperation between North Korea and China. Given North Korea's significant demand for vehicles for public transportation and freight, Chinese bus manufacturing technology and production capabilities could become a key area for practical collaboration between the two countries.
Kim Jong Un Visits Dandong with Key Officials to Strengthen North Korea-China Relations
Kim Jong Un's visit to Dandong, China, included a significant delegation of key North Korean officials, such as Jo Yong-won, Choe Son-hui, Kim Song-nam, Kim Duck-hun, and Kim Yo-jong. The presence of leaders responsible for party organization, foreign diplomacy, and economic policy suggests that this visit aimed to strengthen political ties and explore opportunities for economic cooperation between North Korea and China.
Xi Jinping Sends Wang Huning to Meet Kim Jong Un in Dandong
Kim Jong Un, the Chairman of North Korea's State Affairs Commission, made a surprise visit to Dandong, Liaoning Province, on October 24. While it was expected that Li Qiang, the Premier of the State Council of China, would greet Kim, he was actually welcomed by Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China and Chairman of the Chinese People's Political Consultative Conference.
Kim Jong Un Visits China, Meets Wang Huning Instead of Premier
Kim Jong Un, the Chairman of North Korea's State Affairs Commission, visited Dandong in China's Liaoning province on October 24, where he commemorated Chinese soldiers who fought in the Korean War alongside Wang Huning, a senior member of the Chinese Communist Party and Chairman of the Chinese People's Political Consultative Conference.
Kim Jong-un Visits China, Meets Wang Huning Instead of Premier Li Qiang
Kim Jong-un, the Chairman of North Korea, made a surprise visit to China on October 24. During this visit, he met with Wang Huning, the Chairman of the Chinese People's Political Consultative Conference, rather than Premier Li Qiang. Chinese state media Xinhua reported that Wang Huning met with Kim Jong-un in Dandong on the same day. Wang Huning is the fourth-ranking official in the Chinese Communist Party. He previously visited Pyongyang in June, where he held talks with Kim Jong-un.
Chinese Stock Market Rebounds as Solar Energy Stocks Surge
The Chinese stock market, which had shown weakness earlier this week, rebounded on October 23. Analysts attribute this recovery to an influx of bargain buying. The Shanghai Composite Index closed up 0.89% at 3,690.48, the Shenzhen Component Index rose 2.79% to 11,673.83, and the ChiNext Index increased by 4.16% to 2,684.10. On this day, the market initially experienced a decline in the morning session but turned around in the afternoon.
China Targets Middle East Desalination Market with Advanced Technology
China is rapidly expanding its presence in the Middle East's desalination market. As global water scarcity increases, countries in the region, including Saudi Arabia and the United Arab Emirates (UAE), are purchasing Chinese equipment, key components, and engineering services. Notably, even Middle Eastern nations that have traditionally led in desalination technology are beginning to utilize China's supply chain.
Chery Introduces Home Robot for Children
Chinese automotive company Chery has launched a humanoid robot designed to engage with children and assist with English learning. Building on its automotive manufacturing expertise, Chery is expanding into the consumer robotics market. Chery's subsidiary, Mojia Robotics, unveiled its first consumer companion robot, 'Mobao,' during a global launch event held on October 21 in Wuhu, Anhui Province, and has begun global pre-orders.
TSMC Moves to Eliminate Rare Earths Amid China's Export Controls
The world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company (TSMC), is taking steps to introduce factory equipment that does not rely on rare earth materials in response to China's export controls on these resources. This initiative aims to reduce dependence on China for critical components essential for advanced semiconductor production, thereby mitigating supply chain disruptions.
7.0 Magnitude Earthquake Strikes Tibet, Rescue Efforts Challenged by Altitude
A 7.0 magnitude earthquake struck the Baqing County of Naqu City in the Tibet Autonomous Region of China. This is the largest earthquake recorded in China this year. According to the China Earthquake Networks Center, the earthquake occurred at 10:33 PM local time on the 22nd, with its epicenter located at 32.40 degrees north latitude and 93.79 degrees east longitude, and a depth of 10 km. The China Earthquake Administration activated a Level 2 emergency response at 11:31 PM on the same day.
Chinese Stock Market Declines Amid Concerns Over U.S. Sanctions on AI Hardware
The Chinese stock market, which fell the previous day, continued its decline on October 22. Concerns over U.S. sanctions on Chinese AI hardware contributed to the drop in indices. The Shanghai Composite Index closed down 1.48% at 3,658.03, the Shenzhen Component Index fell 2.96% to 11,357.32, and the ChiNext Index decreased by 4.37% to 2,576.90. Chinese companies in the optical communication sector, which had driven the market's rise in the first half of the year, saw significant losses.
China Develops 0.1-Nanometer Semiconductor Analysis Microscope
China has localized a high-end transmission electron microscope (TEM) necessary for atomic-level analysis of semiconductors and advanced materials. Guoyangzi (CIQTEK), a Chinese scientific instrument manufacturer, unveiled its 200kV field emission transmission electron microscope, the 'TEM-F200,' at the 2026 National Electron Microscopy Academic Conference held in Nanjing on October 18.
Jeon Byeong-seo Calls for Exit Mechanism in Policy Finance at Beijing Forum
Jeon Byeong-seo, head of the China Economic and Financial Research Institute, acknowledged the necessity of policy finance to support China's strategic industries such as semiconductors and artificial intelligence. However, he emphasized the need to establish a clear 'exit mechanism' regarding the timing of support termination and the transition to private funding.
Taiwan Develops Kamikaze Drones to Threaten Mainland China
Taiwan is developing a low-cost kamikaze drone similar to Iran's Shahed-136. Analysts suggest that if deployed en masse, this drone could thwart Chinese landing forces and strike targets on the Chinese mainland.
Chinese Stock Market Declines Amid CATL Earnings Shock
The Chinese stock market, which showed weakness the previous day, declined again on October 21. Analysts attribute the drop to an earnings shock from CATL, the country's largest battery manufacturer. The Shanghai Composite Index closed down 0.60% at 3,713.03, the Shenzhen Component Index fell 0.82% to 11,704.35, and the ChiNext Index dropped 1.62% to 2,694.71. Reuters identified CATL's stock plunge as the direct cause of the market decline.
India Reacts Strongly to China's Export Controls on Tunnel Boring Machines
China has introduced new export controls on tunnel boring machines (TBMs), a move analysts suggest is strategically aimed at India. The Ministry of Commerce and the General Administration of Customs announced on October 19 that export controls would apply to shield TBMs, key components, and remanufacturing and repair technologies. The regulations also include wet shotcrete equipment and walking excavators for high-altitude construction. The new rules will take effect on November 18.
China Maintains Stable Prices Amid Global Energy and Food Crises
As global energy supply chains are disrupted by conflicts in the Middle East and rising oil prices in Europe and the United States, China is reportedly maintaining relatively stable prices and energy and food supplies, according to the state-run Global Times. The publication analyzed that energy reserves, a diversified industrial network, and proactive government responses serve as a buffer against external shocks affecting people's livelihoods.
China Boosts AI Infrastructure Amid Domestic Economic Struggles
China is aggressively investing in the computing infrastructure that underpins its artificial intelligence (AI) industry, despite facing domestic economic challenges. On October 20, Xie Chun, head of the Ministry of Industry and Information Technology's Information and Communication Administration, announced during a State Council press briefing that China's intelligent computing power reached 2,592 EFLOPS by the end of September, marking a 146% increase compared to the same period last year.
Chinese Tech Giants Order $35 Billion in Nvidia Graphics Cards
Chinese tech giants ByteDance, Alibaba, and Tencent have reportedly placed an order for Nvidia graphics cards worth $35 billion (approximately 50 trillion won). According to multiple sources cited by Reuters on October 21, the companies ordered over 3 million units of Nvidia's new RTX PRO 5500 graphics card, priced at around $11,400 each, bringing their total order value to over $35 billion.
Chinese Stock Market Declines Amid Interest Rate Freeze; Unitree Continues to Rise
The Chinese stock market, which had risen the previous day, showed weakness on October 20. Analysts attribute this decline to the freezing of interest rates. The Shanghai Composite Index closed up 0.12% at 3,735.37, while the Shenzhen Component Index fell 0.14% to 11,801.29, and the ChiNext Index dropped 0.26% to 2,739.20. China's central bank, the People's Bank of China, announced that it would keep the October Loan Prime Rate (LPR) unchanged.
Ambassador Noh Jae-hun Calls for China's Support in North Korea Dialogue
Noh Jae-hun, South Korea's ambassador to China, stated that diplomatic efforts are underway to encourage China to play an active role in ensuring peace and stability on the Korean Peninsula.
China's Excavator Exports Surge by Over 30%, Half of Production Sold Abroad
China's excavator exports have seen a remarkable increase of over 30% this year. According to the China Construction Machinery Industry Association, the cumulative sales of excavators in China from January to September 2026 reached 214,274 units, marking a 23.1% increase compared to the same period last year. Of this total, exports amounted to 109,744 units, up 30.4%. Exports now account for 51.2% of total sales, surpassing domestic sales on a cumulative basis.
China Holds Interest Rates Steady Amid Domestic Economic Struggles
The People's Bank of China has kept its benchmark interest rates unchanged for the 17th consecutive month, despite significant domestic economic challenges. On October 20, the central bank announced that it would maintain the one-year loan prime rate (LPR) at 3.00% and the five-year LPR at 3.50%. The LPR serves as the de facto benchmark interest rate in China, influencing general loans and long-term borrowing, such as mortgages.
China Accelerates Domestic Development of High-Speed Internet for Arctic Route
China is rapidly advancing the domestic development of high-speed satellite internet to support operations along the Arctic Route. The goal is to establish an independent satellite network capable of providing broadband communication in polar regions, similar to SpaceX's Starlink.
Chinese Pharmaceutical Firms Secure $15 Billion in Drug Technology Exports
Chinese pharmaceutical companies are increasingly entering into massive drug technology export contracts worth over 20 trillion won ($15 billion). On October 19, Hanso Pharmaceuticals announced a technology transfer and co-development agreement with Swiss pharmaceutical giant Roche for its antibody-drug conjugate (ADC) portfolio, according to the China Economic Observer on October 20.
Chinese AI Startup DeepSeek Upgrades Semiconductor Performance Again
Chinese artificial intelligence (AI) startup DeepSeek has accelerated its competition with U.S. AI companies by upgrading its existing model just a month after its initial release. DeepSeek recently unveiled the 'V4.1-Flash-1017,' an enhanced version of its 'V4.1-Flash,' according to a report by China Business News on October 19. The new model improves processing speed, reduces response length, and enhances overall performance.
China's Q3 Growth Rate Hits 4.5%, Export-Driven Economy Faces Domestic Challenges
China's economy recorded a growth rate in the third quarter that exceeded market expectations. While exports and manufacturing have supported this growth, recovery in domestic consumption, private investment, and the real estate sector remains sluggish. The National Bureau of Statistics announced on October 19 that the country's gross domestic product (GDP) increased by 4.5% year-on-year in the third quarter.
China Tightens Controls on Solar Technology, Impacting Tesla and U.S. Supply Chains
China's recent tightening of controls on the overseas transfer of solar manufacturing technology may hinder the expansion plans of U.S. companies like Tesla. Global firms increasing solar investments to meet the rising power demands of AI data centers are also affected.
U.S. Companies Strengthen Semiconductor Ties with China Amid Sanctions
As U.S. semiconductor sanctions against China intensify, American companies like Qualcomm and Intel are enhancing their collaborations with Chinese firms. With China emerging as a key hub for applying and commercializing artificial intelligence (AI) technology beyond its vast consumer market, U.S. companies are seeking to expand partnerships within the local industrial ecosystem.
Chinese Stock Market Recovers Slightly Amid Tesla News and UAM Gains
The Chinese stock market rebounded slightly on October 16 after a previous decline, though the gains were modest. The Shanghai Composite Index closed up 0.24% at 3,716.28, while the Shenzhen Component Index fell 0.12% to 11,802.46, and the ChiNext Index dropped 0.39% to 2,772.38. During the day, the market initially rose but turned downward in the afternoon as new buying pressure failed to materialize, leading to a sell-off.
China's Antelope Reef Artificial Island in South China Sea May Become Military Base
Japanese security experts have raised concerns that the artificial island China is constructing in the South China Sea could become a "fortified forward base." On October 15, Senior Researcher Ohara from the Sasakawa Peace Foundation stated in an interview with Japanese media that the 3,000-meter runway being built on the artificial island could become a "very important military base." Senior Research Fellow Takahashi Sugio from the Japan Defense Research Institute also noted that a fortified...
Investigation of Huang Qifan and His Son Raises Corruption Concerns
Huang Qifan, a prominent Chinese economic policy expert and former mayor of Chongqing, is under investigation, and reports indicate that his son has also been detained. There are concerns that the father-son duo may have engaged in corrupt practices while attracting private capital to state-owned enterprises in Chongqing. On October 16, the Chinese economic media outlet Caixin reported that Huang Ranfei, Huang Qifan's son and an executive at Weiqiao Group, was taken into custody last week.
ByteDance Turns to MediaTek for Custom AI Chips Amid Supply Challenges
ByteDance, the Chinese tech giant, has requested custom artificial intelligence (AI) chips from Taiwan's fabless semiconductor company MediaTek for its data centers. This move comes as ByteDance faces challenges due to U.S. export controls and limitations in the supply of Chinese-made chips. Bloomberg reported on October 15, citing sources, that ByteDance is on the verge of finalizing a contract with MediaTek for the purchase of custom semiconductors.
Chinese Stock Market Declines Amid U.S. Interest Rate Hike Concerns
On October 15, the Chinese stock market experienced a widespread decline as concerns over potential U.S. interest rate hikes weighed heavily on investor sentiment. The Shanghai Composite Index fell 1.59% to close at 3,707.48, while the Shenzhen Component Index dropped 2.43% to 11,816.79. The ChiNext Index also saw a significant decline, closing down 2.92% at 2,783.17.
Newly Opened Xin'an River Bridge Enhances North Korea-China Relations
The Xin'an River Bridge, connecting Dandong in China's Liaoning province and Sinuiju in North Korea, officially opened on October 15. The bridge, completed in 2014, had remained unused for approximately 12 years before finally becoming a new channel for exchanges between the two countries. According to China's state-run Xinhua News Agency, both North Korea and China held a joint ceremony to mark the bridge's opening and the start of its official operations.
China Unveils Prototype EUV Light Source System for Advanced Semiconductor Production
China has unveiled a prototype of the light source system, a key component of extreme ultraviolet (EUV) lithography equipment essential for advanced semiconductor production. The semiconductor light source developer, Langdao Suiyan, first showcased the EUV light source prototype at the 26th China International Industry Fair in Shanghai, which began on October 12, according to a report by the state-run Global Times on October 15.
China Develops Rice Varieties Resilient to Extreme Heat and Cold
China has successfully developed a rice variety that can withstand both extreme heat and cold. The new variety, known as 'Ji 233S,' has demonstrated a seed yield rate exceeding 80% even in harsh cold environments, raising hopes for a breakthrough in addressing climate change and abnormal weather patterns. The rice variety was jointly developed by research institutions including the Chinese Academy of Agricultural Sciences, China Agricultural University, and the Chinese Academy of Sciences.
China Shock 3.0: AI, Robotics, and Biotechnology Set to Impact Global Economy
China's 'China Shock 3.0,' driven by artificial intelligence (AI), robotics, and biotechnology, is expected to significantly impact the global economy. Alicia Garcia-Herrero, chief economist for Asia-Pacific at Natixis, stated that "China Shock 3.0 has already entered its initial phase," according to the South China Morning Post on October 15. She is also a senior researcher at the Brussels-based think tank Bruegel.
China to Increase Crude Oil Reserves, Potentially Driving Up Prices
China is set to begin expanding its crude oil reserves starting in November. Analysts suggest that if China increases its oil purchases on the international market, it could exert additional upward pressure on global oil prices. Consulting firm Eurasia Group reported on October 15 that Chinese refiners are expected to increase their crude oil reserves by an average of 400,000 barrels per day from November through April.
Chinese Stock Market Declines Again Despite Strong Exports
On October 14, the Chinese stock market showed further weakness, continuing a downward trend from the previous day. Despite strong export figures, domestic weakness weighed on the indices. The Shanghai Composite Index closed down 0.88% at 3,767.23, the Shenzhen Component Index fell 1.97% to 12,110.59, and the ChiNext Index dropped 3.10% to 2,866.76. The General Administration of Customs announced that September exports reached $447.18 billion, a 36.3% increase compared to the same month last year.
China's Exports Surge 36% Driven by Semiconductors and Automobiles
China's exports surged by more than 36% last month, fueled by a global boom in artificial intelligence (AI) investment. High-tech products, including semiconductors and computer-related equipment, led the increase, while automobile exports, including electric vehicles, also showed strong performance. The General Administration of Customs announced on October 14 that September exports totaled $447.18 billion, marking a 36.3% increase compared to the same month last year.
New Anping River Bridge to Open on October 15, Boosting Trade Between North Korea and China
The new Anping River Bridge, connecting Sinuiju in North Korea and Dandong in Liaoning Province, China, will officially open on October 15. According to China's state-run Xinhua News Agency, the bridge will be inaugurated following discussions between China and North Korea, with a joint opening ceremony planned for the same day.
Gas Prices Surge in China, but Consumer Inflation Remains at 0.9%
Gasoline and diesel prices in China have surged by 14.9% compared to last year, yet the consumer price index (CPI) rose only 0.9%. While international oil prices are pushing up production costs, sluggish domestic consumption and falling food prices are limiting the impact on consumer inflation. The National Bureau of Statistics of China announced on October 14 that the CPI for September increased by 0.9% year-on-year.
DeepSeek Invests in Robotics and AI Development
Chinese artificial intelligence (AI) company DeepSeek is expanding its focus on embedded robotics by investing in AI model development for robots. Analysts suggest that the company aims to build an ecosystem around AI that can make decisions and take actions in the real world, marking a shift in the next generation of technological competition.
Former Chongqing Mayor Huang Qifan Under Investigation for Corruption
Huang Qifan, the former mayor of Chongqing, has come under investigation by authorities. His inquiry comes nearly a decade after he left office, during a time when two prominent Chongqing party secretaries, Bo Xilai and Sun Zhengcai, were ousted amid corruption scandals.
Xi Jinping Elevates Relations with Resource-Rich Botswana
Xi Jinping, the President of China, has elevated relations with Botswana, a resource-rich African nation known for its copper and nickel reserves, to a comprehensive strategic partnership. On October 13, during a meeting at the Great Hall of the People in Beijing with visiting Botswana President Mokgweetsi Masisi, Xi announced the upgrade in bilateral relations, as reported by China's state-run Xinhua News Agency on October 14.
Chinese Stock Market Declines Amid South Korea's Sharp Drop; Winter Sports Sector Thrives
The Chinese stock market continued its downward trend on October 13, following a sharp decline in South Korea's market. The Shanghai Composite Index closed up 0.10% at 3,800.86, while the Shenzhen Component Index fell 0.25% to 12,353.70, and the ChiNext Index dropped 0.18% to 2,958.34. The International Monetary Fund (IMF) has revised its forecast for China's economic growth rate down to 4.5% for this year.
Shifts in China's AI Chip Market: Nvidia's Share Drops to 34%, Huawei at 28%
The U.S. export restrictions on advanced artificial intelligence (AI) semiconductors are weakening Nvidia's position in the Chinese market. Chinese semiconductor companies, including Huawei, are increasing their domestic product supply, narrowing the market share gap with Nvidia. According to market research firm IDC, Nvidia's share of the Chinese AI accelerator market for data centers fell to 34% in the first half of this year.
Lowy Institute: Australia's Future Depends on U.S.-China Relations
Australia's future prosperity hinges more on its response to changes in international order, including U.S.-China relations, than on domestic reforms, according to a report from the Lowy Institute. In a report released on October 12, the Lowy Institute, a leading policy think tank in Australia, raised concerns about whether the steady improvement in global economic output and living standards over the past 75 years can continue in light of three significant changes.
Chinese Short-Form Drama Emerges as a New Contender to TikTok
ByteDance, the Chinese tech giant behind TikTok, is targeting the global content market with its short-form drama platform, Findrama. According to market research firm Sensor Tower, Findrama's global downloads surpassed 100 million as of September, as reported by the China Business Journal on October 13. The app has approximately 7 million daily active users. Launched in December 2025, Findrama focuses on key markets such as the United States, Brazil, and Indonesia.
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