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America proposes new US$103,265 H-1B visa fee, expanding charge beyond new arrivals
Industry

America proposes new US$103,265 H-1B visa fee, expanding charge beyond new arrivals

The extra upfront cost of hiring skilled foreign workers could make it far less attractive to sponsor Chinese and Indian professionals The US Department of Homeland Security proposed the additional fee on Monday for every H-1B petition subject to the annual numerical cap of 85,000 visas. That figure includes the 20,000 visas reserved for people holding US master’s degrees or higher. Employers would pay the new charge when filing a petition, on top of existing fees. Universities and certain non-profit or government research organisations would be exempt. The new measure would also go further than an earlier one. A US$100,000 fee imposed by presidential proclamation in September 2025 mainly targeted new H-1B arrivals from overseas. The US$103,265 charge would apply more broadly, including to cap-subject petitions filed for people already in the US seeking a change of status. That means the new policy could have an impact on many international students working in the US under Optional Practical Training.

China’s anti-corruption fight: data deep dive
Industry

China’s anti-corruption fight: data deep dive

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China’s anti-corruption legal framework is about to extend beyond its borders
Industry

China’s anti-corruption legal framework is about to extend beyond its borders

A draft law aimed at combating cross-border corruption has been submitted for its first reading by the country’s top legislature On Tuesday, the draft Anti-Cross-Border Corruption Law was submitted for its first reading during the 24th session of the Standing Committee of the 14th National People’s Congress (NPC), which runs until Friday. Enacting the law is a vital initiative to complete China’s foreign-related legal framework, protect national interests, promote compliant overseas business growth and “enrich the legal ‘toolbox’ for fugitive repatriation, asset recovery and handling foreign-related corruption cases”, according to state news agency Xinhua. The law codifies a decade of anti-corruption practices to close jurisdictional loopholes and target offshore financial crimes, aiming to resolve long-standing systemic hurdles, specifically the “difficulty in detecting, collecting evidence, repatriating illicit assets” and prosecuting offshore offences, it said. Comprising six chapters and 47 articles, the draft law establishes key principles, scope and national positioning regarding cross-border corruption.

Debate star and physicist Guo Yanliang leaves a top European quantum lab for China
Industry

Debate star and physicist Guo Yanliang leaves a top European quantum lab for China

Renmin University recruit aims to probe complex quantum matter using ultracold atomic sandbox with lasers Guo Yanliang, a champion debater who honed his argumentation skills in international contests and on online variety shows, has left one of Europe’s top quantum laboratories to set up his own research group in Beijing. Guo, 33, says he sees scientific research as a debate between different opinions, which made him more compatible with China than Europe. This year, he returned to China to take a position as associate professor at Renmin University of China where he is building an ultracold atom experiment platform. While he has had papers published in Science and Nature and secured a spot on MIT Technology Review’s “Innovators Under 35 China” list, the physicist says he returned because China offered better support for his long‑term research goals. “The research environment here is more in line with my research characteristics,” he told DeepTech, the Chinese branch of MIT Technology Review, last month.

US targets China’s telecoms grip in Venezuela with new sanctions carve-out
Industry

US targets China’s telecoms grip in Venezuela with new sanctions carve-out

The United States is opening Venezuela’s telecommunications sector to new investment and technology while explicitly excluding Chinese companies, a move that could reshape a market where Huawei and ZTE have become deeply embedded and give Western suppliers an opening as the country expands its 5G networks. The US Treasury Department’s Office of Foreign Assets Control (OFAC) on Friday issued two general licences easing some sanctions restrictions on Venezuela’s telecommunications sector,...

US sanctions Chinese entities, issues global warning on ‘Economic D-Day’ against Iran
Industry

US sanctions Chinese entities, issues global warning on ‘Economic D-Day’ against Iran

Washington warns Iran-linked entities face removal from US dollar system as Trump presses world leaders to cut financial ties The United States on Monday announced fresh sanctions against 60 entities, individuals and vessels around the world, including some in mainland China and Hong Kong, and issued a warning demanding “immediate action” from nations maintaining economic and commercial ties with Iran. The measures are part of the Trump administration’s latest efforts to choke off Tehran economically after military strikes and diplomatic negotiations failed to reopen the Strait of Hormuz and end the six-month-long conflict. Dubbed “Economic D-Day” by the Trump administration, the new actions aim to expand Washington’s secondary sanctions, putting entities in multiple jurisdictions on notice. “Let me be clear: any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system. The clock just started ticking,” said US Treasury Secretary Scott Bessent at a press conference. Bessent added that US President Donald Trump is “making phone calls to world leaders with specific requests” to halt their engagement with the Iranian regime, but did not identify the countries he had contacted.

Shein’s acquisition of Everlane faces US national security review
Industry

Shein’s acquisition of Everlane faces US national security review

The review is focused on potential issues linked to the China-founded retailer’s purchase of a firm that handles Americans’ personal data US authorities are conducting a national security review of Shein Global Holdings’ purchase of American clothing retailer Everlane after Shein sought approval for the deal, people familiar with the matter said, adding to a growing list of regulatory hurdles for the China-founded fast-fashion giant in one of its most important markets. The review by the Committee on Foreign Investment in the US (Cfius), an inter-agency panel led by the Treasury Department, began after the US$80 million transaction was completed in May, according to the people, who asked not to be identified discussing private deliberations. Shein voluntarily initiated the review at that time, which is unusual as companies typically seek Cfius approval before a transaction closes, the people said. Clearance by Cfius usually prevents future challenges, but the body also has the power to block, unwind or impose conditions on transactions it determines threaten US national security. A Shein spokesperson said the company is “committed to complying with all applicable laws and regulations in the markets where we operate”.

Mainland China’s ship activity near Taiwan hits record for third month in a row
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Mainland China’s ship activity near Taiwan hits record for third month in a row

Beijing has ramped up its law-enforcement and survey operations around island since Tokyo and Manila announced boundary talks Taiwan’s defence ministry said that in the first 24 days of August it detected mainland coastguard, survey and other official vessels a total of 118 times, surpassing the 117 reported in July and 111 in June. Those numbers were far higher than in any previous month on record since Taiwan began releasing detection data in July 2024. Before June, the highest count of mainland government ships in a single month was 50 in April 2025, according to a tally by the SCMP. That record-breaking intensity of activity aligns with findings from an August 19 report by the Asia Maritime Transparency Initiative (AMTI), which noted a “more sustained and assertive presence” by mainland Chinese law-enforcement and survey vessels in waters east of Taiwan.

China boosts coal’s economic value 700% after turning it to liquids: report
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China boosts coal’s economic value 700% after turning it to liquids: report

The technology has taken years to develop domestically and is transforming the country’s long-defined energy structure The world’s largest coal-to-liquids plant is turning coal into oil products that can power rockets and serve as machine lubricants while boosting its value sevenfold, according to a Chinese newspaper. The production line, built by China Energy Group Ningxia Coal Industry Co Ltd, began full operations in northwest China’s Ningxia Hui autonomous region last month and processed 24 million tonnes of coal in 2025 – a quarter of the region’s total annual output, according to a report published by Science and Technology Daily on Wednesday. The technology has been a boon this year for China, which sourced more than 40 per cent of its crude oil from the Middle East before the Strait of Hormuz was blocked by the US-Israel war on Iran. At one point, international oil prices rose above US$100 per barrel, making turning coal into oil a very profitable business. According to the report, the project has not only generated substantial economic returns, it has also helped to reduce reliance on imported oil. China’s energy structure has long been defined by its abundant coal, limited oil and scarce natural gas reserves.

Banking veteran Li Yun fills senior Shenzhen posts in countdown to Apec
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Banking veteran Li Yun fills senior Shenzhen posts in countdown to Apec

Li takes over from Qin Weizhong as China prepares to showcase the city to the world in November summit The positions have been filled by Li Yun, who spent more than two decades working in financial institutions and has been the vice-governor of Guangdong province since March last year. Meeting members of the standing committee of the municipal people’s congress, Li vowed to always “implement the decisions of the Central Committee, provincial and municipal party committees”, as well as push for progress and achievements in Shenzhen’s high-quality development and modernisation drive, the report said. Li, 52, has a doctorate in world economy from Wuhan University and worked for 21 years at Agricultural Bank of China. In 2021, he became vice-president of China Construction Bank and in 2025 he became the vice-governor of Guangdong. Shenzhen is due to host the Asia-Pacific Economic Cooperation summit in November, an event that the Chinese leadership sees as a great opportunity to showcase China’s technological innovation, build high-level diplomatic engagement and drive regional integration. Qin, Li’s predecessor, was appointed deputy party secretary and mayor of Shenzhen in May 2021.

Brazil presidential debate zeroes in on Chinese investment and US tariffs
Industry

Brazil presidential debate zeroes in on Chinese investment and US tariffs

‘What matters to Lulism is that we keep buying the finished product from China while we sell ore or sell our grain’: candidate Renan Santos The exchange comes in an election cycle already shaped by American tariffs, a visa dispute over election monitoring and the Lula government’s warming ties with China. Lula and Flavio Bolsonaro, who are leading in every published poll, refused to take part, with the Brazilian president telling a podcast in July he would skip debates if the exercise meant listening to nonsense. Flavio Bolsonaro has tied his attendance to Lula’s, and Zema withdrew hours beforehand, saying the event had “lost its purpose”. A senator for Rio de Janeiro and the eldest son of Jair Bolsonaro, Flavio became a candidate in December after being named by his father as his heir. Jair was sentenced to 27 years in jail for plotting a coup and masterminding a plan to assassinate Lula after losing his re-election bid in 2022. The Band network has opened the televised campaign in every presidential race since 1989, the first direct vote after two decades of military rule. Broadcasters treat the event as the moment that sets the tone for the season.

Why Indian intelligence-gathering against China could lead to miscalculation
Industry

Why Indian intelligence-gathering against China could lead to miscalculation

New Delhi is more likely to take ‘unilateral countermeasures’ as routine activities are increasingly framed as threats, researcher says Routine Chinese activities are increasingly being framed as threats by Indian intelligence agencies, raising the risk of New Delhi miscalculating and taking “unilateral countermeasures” against Beijing, a Chinese academic has warned. Zhao made the remarks in a paper analysing India’s intelligence operations focused on China from 2020 to 2026. It was published on July 31 in the Chinese-language Journal of Intelligence, run by the Shaanxi Institute of Science and Technology Information. That confrontation in the Galwan Valley killed 20 Indian and four Chinese troops, plunging relations between the two nations to a historic low. Zhao said India had broadened its intelligence-gathering toolkit in recent years, using space-based reconnaissance, drone surveillance and cyber intelligence to build a multi-agency network against China.