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SoftBank Group chairman Masayoshi Son speaks during the SoftBank World event in Tokyo, Japan, on Thursday.

Masayoshi Son’s $US500m bet on OpenAI deja vu for Softbank

The investment marks one of the largest by SoftBank this year and signals a return to the big-cheque power moves by one of Japan’s most recognised businessmen.

  • 1 hr ago
  • Jessica Sier

This Month

Shigeru Ishiba, the newly elected leader of Japan’s ruling party.

Japan’s incoming PM has barely the concept of a plan

Faced with the option of a successor to Shinzo Abe or his polar opposite, Japan’s ruling party has broken with more than a decade of orthodoxy.

  • Gearoid Reidy

September

An Arcfox Alpha-S electric sedan, manufactured by BAIC Group and equipped with Huawei Technologies’ smart car platform.

Are Chinese cars spying on you?

Security experts say there is a genuine growing fear that the West is becoming exposed to Chinese components under the hood as vehicles become more connected.

  • James Titcomb
Eucalyptus chief executive Tim Doyle says demand for weight loss drugs is entering a new phase.

Ozempic alternatives flood the Australian market

The number of Australians taking weight-loss drugs is growing as new medicines hit the market. MPs warn the influx must be managed carefully.

  • Michael Smith
Shigeru Ishiba (centre) celebrates after he was elected new head of Japan’s ruling Liberal Democratic Party.

‘Asian NATO’ backer to become Japan’s new PM

The country’s ruling party picked former defence minister Shigeru Ishiba as leader, setting him up to become prime minister, a move that risks irritating China.

  • Alastair Gale and Yuki Hagiwara
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President Xi Jinping needs to step in to save China’s economy from falling into a deflationary spiral.

China’s stimulus no bazooka, but urgency has arrived

China’s efforts to stimulate its economy this week were welcomed and the fight against a slowing economy appears to be on.

  • Jessica Sier
Jim Chalmers speaks to the media in China.

China’s stimulus blitz ‘very very good’ for Australia: Chalmers

The treasurer, who is on a visit to Beijing, says iron ore exporters will remain under pressure amid slowing housing and infrastructure projects in China.

  • Updated
  • Jessica Sier
A satellite image from Planet Labs from June appears to show cranes at the Wuchang shipyard.

China’s newest nuclear sub sinks in blow to modernisation

China’s newest nuclear attack submarine has sunk in a shipyard accident, in a setback to the country’s attempts to overtake the US in a naval arms race.

  • Idrees Ali
David Smitherman, Chief Executive Officer at EVDirect - Australian Distributor of BYD, in China this week.

BYD distributor insists no ‘kill switch’ inside its car software

The Australian face of China’s largest electric vehicle manufacturer said it cannot remotely control any EVs sold here, after the US sought a ban linked to spy fears.

  • Jessica Sier
The BYD Shark 6 plug in hybrid ute.

I drove the ute that could ruin weekends. Here’s what happened

Electric vehicles have a veneer of delicacy; an assumption the BYD team is keen to dismiss with the new Shark 6 plug-in hybrid ute.

  • Jessica Sier
NA

Japan’s new ambassador has high hopes for closer ties

In an interview, Kazuhiro Suzuki says the two countries are “indispensable” to achieving peace and prosperity in a region where the shadow of China looms large.

  • James Curran
China has become a world leader in developing hypersonic missiles.

China tests ballistic missile in Pacific in ‘provocative’ move

China fired an intercontinental ballistic missile with a dummy warhead into the Pacific Ocean, its first such major missile launch in years.

  • Alistair Gale

The travel bloggers ‘sugarcoating’ China’s Uyghur problem

Some influencers claim to be exposing Western media lies about Xinjiang, saying they have not seen human rights abuses taking place.

  • Nicola Smith
People’s Bank of China governor Pan Gongsheng made the latest announcement at his first high-profile press conference since March.

China unleashes stimulus blitz to hit annual growth goal

The central bank announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since at least 2020. It also cut a key policy rate.

  • Updated
  • Wenjin Lv and Alan Wong
A BYD launch in Brazil this month. South America is an important market for the company.

BYD shrugs off planned US ban of Chinese smart car software

Liu Xueliang, general manager of BYD’s auto sales division for Asia-Pacific, said the Chinese EV giant had turned its attention to markets with receptive EV policies.

  • Updated
  • Jessica Sier
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Why it’s dangerous to be super rich in China

The number of billionaires has fallen 35 per cent in China, and corporate leaders may be devaluing their wealth, amid fears the state is targeting the rich.

  • Ruchir Sharma
Pedestrians in Beijing. The central bank has flagged further economic stimulus.

China stimulus hopes rise as PBoC cuts rate, flags briefing

The People’s Bank of China lowered the 14-day reverse repurchase rate, catching up with reductions initiated in July, and flagged further moves on Tuesday.

  • Wenjin Lv
People check out Huawei’s new smartphone in Beijing. Ultimately, reflation hangs on revived consumer confidence.

China’s had deflation before. This is what it needs to do this time

Balance sheet issues were central to the contraction in previous deflationary episodes, and the resolution of these was key. Policymakers should focus on that.

  • Updated
  • Huw McKay
Kim Jong-un.

Why it’s dangerous to ignore Kim Jong-un

As he watches the Americans spew vitriol at one another in the coming months, North Korea’s leader could decide that the US is distracted, and set his peninsula on fire.

  • Andreas Kluth

China’s best growth target may be none at all

A move to tone down the country’s emphasis on its 5 per cent annual GDP increase target would have to come from the very top.

  • Daniel Moss

Original URL: https://www.afr.com/world/asia