China has contributed less to global growth this year than the U.S. despite Beijing's frequent criticism of protectionism, according to a Wall Street Journal analysis citing new research from Goldman Sachs economists. U.S. imports are up 10% so far this year compared to a year earlier, while China's imports have fallen 3% in dollar terms. Goldman's economists found that the historical relationship between Chinese growth and global growth has turned negative; where 1% more Chinese output once raised world output by 0.2%, the bank now projects. China will grow about 0.6 percentage points faster annually over the next few years while reducing the rest of the world's growth by 0.1 point per year. China's current account surplus could reach 1% of world GDP by 2029, Goldman estimates, larger than any country's since the late 1940s. China now accounts for 17% of global GDP.

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U.S. and Canadian cybersecurity agencies say Chinese-linked actors deployed "Brickstorm" malware to infiltrate critical infrastructure and maintain long-term access for potential sabotage. Reuters reports: The Chinese-linked hacking operations are the latest example of Chinese hackers targeting critical infrastructure, infiltrating sensitive networks and "embedding themselves to enable long-term access, disruption, and potential sabotage," Madhu Gottumukkala, the acting director of the Cybersecurity and Infrastructure Security Agency, said in an advisory signed by CISA, the National Security Agency and the Canadian Centre for Cyber Security. According to the advisory, which was published alongside a more detailed malware analysis report (PDF), the state-backed hackers are using malware known as "Brickstorm" to target multiple government services and information technology entities. Once inside victim networks, the hackers can steal login credentials and other sensitive information and potentially take full control of targeted computers. In one case, the attackers used Brickstorm to penetrate a company in April 2024 and maintained access through at least September 3, 2025, according to the advisory. CISA Executive Assistant Director for Cybersecurity Nick Andersen declined to share details about the total number of government organizations targeted or specifics around what the hackers did once they penetrated their targets during a call with reporters on Thursday. The advisory and malware analysis reports are based on eight Brickstorm samples obtained from targeted organizations, according to CISA. The hackers are deploying the malware against VMware vSphere, a product sold by Broadcom's VMware to create and manage virtual machines within networks. [...] In addition to traditional espionage, the hackers in those cases likely also used the operations to develop new, previously unknown vulnerabilities and establish pivot points to broader access to more victims, Google said at the time.

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schwit1 shares a report from CNN: A private Chinese space firm successfully sent its Zhuque-3 rocket to orbit but failed in its historic attempt to re-land the rocket booster Wednesday -- the first such trial by a Chinese firm as the country's growing commercial space sector races to catch up with American rivals like SpaceX. The rocket entered orbit as planned, but its first stage did not successfully return to a landing site, instead crashing down, the company said in a statement. "An anomaly occurred after the first-stage engine ignited during the landing phase, preventing a soft landing on the designated recovery pad," the statement said. "The debris landed at the edge of the recovery area, resulting in a failed recovery test." The team would "conduct a comprehensive review" and continue to "advance the verification and application of reusable rocket technology in future missions," the statement added. You can watch a video of the launch and subsequent crash here.

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China's central bank has flagged stablecoins as a specific concern in its latest push against virtual currencies, warning that the tokens fail to meet requirements for customer identification and anti-money-laundering controls and risk being used for fraud, money laundering, and unauthorized cross-border fund transfers. The People's Bank of China released a statement Saturday following a Friday meeting on virtual currency regulation, saying crypto speculation has recently increased due to various factors and now presents new challenges for risk control. Virtual currencies do not hold the same legal status as fiat currency and cannot be used as legal tender, the bank said, adding that all virtual currency-related business activities are "illegal financial activities." China banned cryptocurrency trading in 2021. The bank said it will intensify efforts to combat illegal financial activities to maintain economic and financial stability. In October, PBOC Governor Pan Gongsheng said the central bank would closely track and evaluate the development of overseas stablecoins.

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The bitter standoff between Dutch chipmaker Nexperia -- which supplies basic chips crucial to 49% of European automakers, over 85% of medical device companies, and the entire defense industry -- and its Chinese parent company Wingtech escalated on Friday when both Wingtech and Nexperia's Chinese unit accused the Dutch business of secretly building a supply chain that would cut China out entirely. The accusations came one day after Nexperia's Dutch headquarters published an open letter claiming it had repeatedly tried and failed to contact its Chinese unit. Nexperia China demanded the Dutch side halt its overseas expansion plans, specifically a $300 million investment in a Malaysian plant, and alleged an internal company target to source 90% of production outside China by mid-2026. The Chinese unit also accused its European counterparts of deleting employee email accounts and cutting off access to IT systems. The dispute traces back to September when the Dutch government invoked a Cold War-era law to seize control of Nexperia on economic security grounds. An Amsterdam court subsequently stripped Wingtech of its ownership rights. Beijing retaliated by halting exports of finished Nexperia chips on October 4, triggering warnings of production shutdowns from automakers including Nissan and Bosch. Export curbs were relaxed in early November, and the Dutch government suspended its intervention last week following talks, but the court ruling remains in force. Wingtech warned that supply disruptions could return if the control issue remains unresolved.

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China installed 295,000 industrial robots last year -- nearly nine times as many as the United States and more than the rest of the world combined -- as the country races to automate its manufacturing base amid rising labor costs at home and tariff threats from abroad. The nation's stock of operational robots surpassed 2 million in 2024, according to the International Federation of Robotics. Of 131 factories globally recognized by the World Economic Forum for boosting productivity through cutting-edge technologies like AI, 45 are in mainland China compared to three in the US. At Midea's washing machine factory in Jingzhou, an AI "factory brain" manages 14 virtual agents that coordinate robots and machines on the floor. The home-appliance giant reports that its revenue per employee grew nearly 40% between 2015 and 2024, and processes that once took 15 minutes now take 30 seconds. Down jacket maker Bosideng has cut sample production time from 100 days to 27 days using AI design tools, reducing development costs by 60%. At the port of Tianjin, scheduling that previously required 24 hours now takes 10 minutes, and 88% of large container equipment is automated. The port's operator says it requires 60% fewer workers than traditional facilities.

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