Geely Automobile Profit Jumps on Robust Sales

The U.S. is making significant efforts to establish rare earth supply chains both domestically and internationally as it faces China's substantial control over these critical materials. This initiative is part of a broader competitive landscape referred to as 'Cold War 2.0.' The U.S. aims to reduce its dependence on China for rare earths, which are essential for various technologies and industries.

The German Finance Minister has emphasized the necessity for fair trading conditions in dealings with China. This statement highlights the ongoing discussions regarding trade practices and the importance of equitable terms for both parties involved. The minister's remarks come amid increasing scrutiny of international trade relationships and the need for transparency and fairness in global markets.

Tourism stocks in Japan have experienced a significant decline following heightened tensions between Japan and China. This situation escalated after Beijing issued a warning to its citizens against traveling to Japan, prompting Tokyo to send an envoy to address the growing diplomatic rift. The developments signal a deteriorating relationship between the two nations, which could have lasting implications for the tourism sector and broader economic interactions.

China's fiscal revenue for the period from January to October has increased by 0.8% year-on-year. This growth reflects the country's ongoing economic adjustments and efforts to stabilize its financial situation amid various challenges. The data indicates a modest improvement in fiscal health, which may influence future government spending and investment strategies.

Japan's tourism and retail stocks have experienced a decline following a diplomatic dispute with China over remarks made by the Japanese Prime Minister regarding Taiwan. The tensions between Tokyo and Beijing have raised concerns among investors, leading to a negative sentiment in the market. This situation highlights the fragility of international relations and its direct impact on economic sectors.

Global oil markets are facing concerns about a potential glut, yet there is some support for producers due to increased buying from China and India. This uptick in demand is largely influenced by a series of US sanctions targeting Russian energy exports, which have altered the dynamics of the market.

China is increasing its green hydrogen capacity following a new five-year plan that emphasizes the government's ongoing support for this sector. Despite facing challenges, green hydrogen is recognized for its crucial role in reducing emissions in industries that heavily contribute to pollution. This initiative aligns with China's broader environmental goals and aims to enhance the country's position in the global green energy market.

China has issued a warning to students intending to study in Japan, highlighting increased risks for Chinese citizens in the country. This advisory comes amid escalating diplomatic tensions following comments made by Japan's Prime Minister Sanae Takaichi regarding Taiwan. The situation reflects ongoing strains in Sino-Japanese relations, which have been exacerbated by geopolitical issues in the region.