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🇨🇳 Anhui Finds Major Copper-Gold Deposit China’s Ministry of Natural Resources said exploration in the Chating area of Xuancheng, Anhui, has made a major breakthrough, with authorities reporting a large copper-gold deposit that could form a new major resource base in eastern China. Initial estimates indicate copper potential exceeding the scale of several large copper mines and gold potential exceeding more than 10 large gold mines; it is described as the largest porphyry copper-gold deposit yet identified in the middle-lower Yangtze region. The find is significant for China’s supply of strategic metals used in solar, wind, energy storage, electric vehicles, grid construction, electronics, new materials, and reserve assets. The report said the deposit could improve national resource security and help address copper and gold shortages in East China, while supporting smelting and processing industries closer to the Yangtze River Delta. Authorities said deeper ore bodies have not yet been fully delineated, leaving room for higher resource estimates. Associated silver and sulfur may also be recoverable, with the site expected to develop into an ultra-large copper-gold production base in East China. #China @asianomics

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🇺🇸🇹🇼 Taiwan Investment Pledge Nears US Commerce Secretary Howard Lutnick said Taiwan will next week announce additional investment of up to $30 billion in the United States. He said the pledge would add roughly $20 billion-$30 billion, as the Trump administration considers a new round of semiconductor tariffs tied to domestic production. Lutnick said companies that build plants in the US could receive tariff relief, while imports from producers without US manufacturing could face higher duties. He also said about $1.2 trillion has already been committed to US semiconductor capacity, including by TSMC and Micron, while an earlier US-Taiwan trade agreement included around $500 billion in investment and credit guarantees for US high-tech manufacturing. Taiwan Economy Minister Kung Ming-hsin said Taipei had identified about 20 semiconductor and AI server firms with roughly $35 billion in planned or ongoing US investment, rising to $55 billion after an additional $20 billion was mapped out over the past three months, excluding TSMC. A Taiwanese media report, citing an unnamed finance official, said Lutnick may have misspoken and referred to these existing figures rather than a separate new pledge. #UnitedStates #Taiwan @asianomics
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🇰🇷 Seoul picks cyber AI consortium South Korea’s science ministry selected a consortium led by Naver Cloud for a government project to develop a sovereign AI foundation model for cybersecurity, the ministry said on Sept. 3. The group, which beat a rival consortium led by SK Telecom, includes 32 companies and institutions such as LG CNS, LG Uplus, KEPCO KDN, Korea Hydro & Nuclear Power and the Financial Security Institute. The project is designed to build a cybersecurity model tailored to South Korea’s security environment as AI-driven cyber risks expand. The government will provide up to 256 Nvidia B200 GPUs over 10 months, while the consortium plans to add 4,000 B200 GPUs from Naver Cloud and 256 H200 GPUs from LG to train two models based on HyperCLOVA X and EXAONE. The models will be trained on about 830 TB of data and tested across seven sectors, including energy, finance, telecommunications, semiconductors, defense and aerospace. The ministry plans to sign a contract with the consortium later this month. #SouthKorea @asianomics
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🇺🇸🇰🇷🇯🇵 U.S. Reviews Allied Frigate Designs The United States is considering frigate designs from South Korea, Japan and Turkey for a new warship class, according to a report by USNI News. The White House and the U.S. Navy are reportedly weighing the Chungnam-class, an export version of Mitsubishi Heavy Industries' FFM Mogami-class, and the Istanbul-class for a competition that may include building up to two ships in foreign shipyards before shifting production to U.S. yards. The reported plan would break with more than a century of U.S. domestic naval construction. It follows a national security memorandum signed last month by President Donald Trump allowing foreign shipbuilders to build up to two ships in their home yards for U.S. delivery, while the Navy studies international options for combatants and support vessels as part of a broader effort to rebuild U.S. naval capacity and shipbuilding. The Navy's assessment is due on Nov. 12, 2026. The move also aligns with expanding U.S.-South Korea shipbuilding cooperation, after Seoul pledged $150 billion for the U.S. shipbuilding sector under last year's bilateral trade and investment deal. #USA #SouthKorea #Japan @asianomics
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🇨🇳🇹🇼 China expands patrols near Taiwan China’s coastguard said it conducted law-enforcement patrols near Taiwan, while state-linked vessels also increased scientific survey activity to the east of the island in recent weeks. The reported uptick followed maritime boundary talks between Japan and the Philippines. The moves add to sustained Chinese maritime pressure around Taiwan, where ship activity has already been rising. Activity east of the island is strategically significant because it extends beyond the Taiwan Strait and intersects with wider regional alignments involving Japan and the Philippines. The latest patrols and surveys indicate continued expansion of China’s presence in waters around Taiwan on both enforcement and research tracks. #China #Taiwan #Japan @asianomics
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🇨🇳🇹🇼 China surveyed waters east of Taiwan China’s Ministry of Natural Resources said it conducted a survey last month in waters east of Taiwan, according to state broadcaster CCTV. The ministry said the survey would support creating “one map” for territorial planning and resource management. The report was carried on Thursday and attributed the operation to a government ministry. The stated purpose was administrative and resource-related planning. The survey adds an official Chinese state activity in waters near Taiwan. It may draw attention because of the location and its link to territorial planning. #China #Taiwan @asianomics
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🇰🇵 Party rules tighten Kim control A South Korean security institute report said North Korea has revised rules governing the Workers' Party, laying the groundwork for more centralised control under leader Kim Jong Un, according to a Reuters report. The development concerns the ruling party structure in North Korea. The finding was presented on Thursday by the South Korean institute. The report frames the rule changes as strengthening Kim's authority within the party. The immediate implication is a more concentrated party decision-making structure around Kim. The change points to tighter internal political control if implemented as described. #NorthKorea #SouthKorea @asianomics
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🇰🇷 Nominee backs AI mega-projects South Korea’s finance minister nominee said on Wednesday he would quickly proceed with AI investment “mega projects,” according to a Reuters report. He also said he would actively use policy capacity arising from the global chip boom. The remarks place AI investment and semiconductor-linked policy support at the center of the nominee’s stated agenda. The comments were made as part of his pledge ahead of taking the finance post. If implemented, the approach would align fiscal policy more directly with South Korea’s AI and chip-related industrial priorities. It also signals an intention to move quickly on large-scale investment plans. #SouthKorea @asianomics
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🇭🇰🇨🇳 Wong Pleads Guilty in Security Case Joshua Wong, former secretary-general of disbanded Hong Kong political group Demosisto, pleaded guilty on Sept. 2 at the Hong Kong High Court to conspiring to collude with foreign forces under the national security law. Prosecutors said the alleged conspiracy with former Demosisto chairman Nathan Law and others took place between July 1 and Nov. 23, 2020, and involved requests for foreign sanctions or other hostile actions against Hong Kong or China. Wong, 29, is already serving a four-year, eight-month sentence in the democrats’ “35+” primary case and had been eligible for release as early as 2027. The collusion offense carries a minimum sentence of three years and, in cases deemed serious, a maximum of life imprisonment, extending the legal pressure on high-profile opposition figures under Hong Kong’s post-2020 security framework. Several Western diplomats attended the hearing. A conviction in this case is likely to prolong Wong’s imprisonment beyond his current term. #HongKong #China @asianomics
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🇺🇸🇦🇺🇵🇬 US, Australia Fund Pacific Islands The United States and Australia on Wednesday announced a combined $580 million in funding for the Pacific Islands, according to a Reuters report. The announcement concerns support for the Pacific Islands. Reuters said the move comes as both countries compete with China for influence in the region. The funding is presented as a joint US-Australia commitment. The announcement adds new financial backing to Pacific engagement by Washington and Canberra. It also situates the islands within ongoing regional influence competition. #USA #Australia @asianomics
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🇯🇵 Japan Accelerates AI Defense Shift Prime Minister Sanae Takaichi told senior Self-Defense Forces officials in Tokyo that Japan will speed up the introduction of AI and unmanned defense assets ahead of a year-end revision of three key security documents. The review comes less than four years after the 2022 update, with Takaichi saying the new documents will set a direction for strengthening defense capabilities. The 2022 security documents were originally meant to cover a 10-year period, but the government is bringing revisions forward as Japan faces a more complex security environment, including challenges linked to China and North Korea. The push also aligns with a record ¥8.89 trillion fiscal 2027 defense budget request that includes low-cost attack drones and AI integration into the SDF command structure, while pressure from the Trump administration to raise defense spending remains in the background. Takaichi also said stronger defense capabilities require public support and pledged better working conditions for SDF personnel amid recruitment shortfalls. A study group tied to the Sasakawa Peace Foundation separately called for deeper private-sector cooperation in areas including cyber defense, AI, data analysis and satellites. #Japan @asianomics
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🇨🇳🇷🇺🇲🇳 China, Russia, Mongolia Plan Drill China, Russia, and Mongolia will hold the second “Border Cooperation-2026” joint border exercise in early September, according to a Chinese defense ministry statement issued on September 1. The three sides will train on preventing and combating reconnaissance and sabotage activity in border areas through joint planning, searches, strikes, arrests, and handover procedures. The exercise is intended to maintain security and stability in border regions and follows the first drill in September 2025 on countering terrorist and destructive activity near the trilateral border. Chinese military reporting on last year’s exercise said the sides set up a joint command post in China and used a framework of host-led coordination, multilateral consultation, and parallel command to test a new model of border cooperation. The new drill extends a recurring trilateral border security format among China, Russia, and Mongolia. It also signals continued institutionalization of practical security coordination along their shared frontier. #China #Russia #Mongolia @asianomics
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🇨🇳🇵🇭 PLA patrols near Scarborough Shoal China’s PLA Southern Theater Command on Sept. 2 conducted combat-readiness patrols with naval and air forces around Huangyan Dao, also known as Scarborough Shoal, in the South China Sea. State media said the patrols were part of regular operations, and released footage showing at least two military aircraft near the area. According to the report, the Southern Theater Command has since August intensified patrols and alert operations in the territorial waters and surrounding airspace of Huangyan Dao, aiming to strengthen control. The move follows a China Coast Guard law-enforcement patrol in the same waters on Aug. 30, amid repeated Chinese statements about responding to what it describes as Philippine infringement and provocation. The footage also showed Chinese naval radio warnings in Chinese and English ordering a Philippine aircraft to leave the area and warning of measures if it did not. The activity adds to ongoing China-Philippines friction around a disputed maritime feature in the South China Sea. #China #Philippines @asianomics
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🇺🇸🇹🇼 Google accelerates AI chip cycle Google said in Taipei it will speed up rollout of its custom chips for AI infrastructure, moving from a two-year generation cycle to two chips a year, with a faster cadence planned later. The announcement was made by Senior Vice President Amin Vahdat at Semicon Taiwan 2026. The company is also doubling down on R&D in Taiwan by expanding local space 60%. The shift reflects intensifying competition in AI computing, where proprietary chips and close integration between hardware and cloud infrastructure have become central to scale, cost control, and model performance. A faster release cycle would deepen Google’s dependence on Taiwan’s semiconductor ecosystem as AI chip competition tightens. #USA #Taiwan @asianomics
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🇹🇼🇺🇸 Taiwan Firms Expand US Investment Taiwan Economy Minister Kung Ming-hsin said Taiwanese companies plan to invest another US$20 billion in the United States, citing strong demand for AI and semiconductor applications. Speaking at Semicon in Taipei, he said the ministry had reassessed potential projects since May and identified additional planned investment beyond existing commitments, without naming the companies. The announcement comes as Washington pushes Taiwanese tech firms to expand US manufacturing under the CHIPS Act, part of a broader effort to localise semiconductor production. Taiwan remains a central node in advanced chip supply chains, and the investment pipeline reflects deepening Taiwan-US industrial coordination despite the absence of formal diplomatic ties and continued pressure from China. TSMC remains the largest component of that shift, after announcing in July another US$100 billion for Arizona, taking its total planned US investment to US$265 billion. A US Commerce Department official attending the event welcomed the new Taiwanese commitments. #Taiwan #USA @asianomics
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🇺🇸🇨🇳 US Journalist Jailed in Spy Case A federal court in Boston sentenced US journalist Thomas Weir Pauken II to two years in prison after he pleaded guilty to acting as an unregistered agent of China. Pauken, arrested in February, had previously worked for Chinese state media in Beijing. The case adds to a broader expansion of US enforcement targeting undeclared foreign influence operations linked to China. It also comes amid sustained deterioration in US-China relations, with legal, academic and media ties facing closer scrutiny from US authorities. The sentence reinforces Washington’s use of foreign-agent laws in China-related cases beyond traditional espionage prosecutions. #USA #China @asianomics
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🇹🇼🇨🇳 Taiwan Raises Defence Budget Taiwan President Lai Ching-te said the island’s proposed 2027 defence budget will exceed T$1 trillion for the first time, framing it as proof of Taipei’s resolve to strengthen self-defence. Speaking in Taipei on Armed Forces Day, Lai said the plan would demonstrate to the international community Taiwan’s determination to bolster its military capabilities. The increase comes amid sustained military and political pressure from China, which claims Taiwan as its territory, a position Taipei rejects. Lai said the government would continue pursuing defence self-reliance and expand the military industrial sector, artificial intelligence, and unmanned vehicles to improve Taiwan’s ability to meet future security challenges. Beijing responded by accusing Lai’s administration of inciting cross-strait confrontation and wasting public funds. China’s Taiwan Affairs Office said its position on sovereignty and territorial integrity remained unchanged. #Taiwan #China @asianomics
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🇺🇿🇰🇷 Uzbek Nationals Detained in Korea Police in Gwangju said four Uzbek men were apprehended in South Korea over alleged violations of counter-terrorism financing law tied to support for a Syria-based militant group. According to police findings, the main suspect allegedly sent 6.3 million won in cryptocurrency to KTJ and used funds received from the group to buy 11 used cars and two excavators worth 170 million won for shipment to Syria. KTJ was designated a terrorist organization by the United Nations in 2022 and is affiliated with al-Qaeda. Investigators said the main suspect had no official ties to the group but began supporting it after contact from his younger brother, who is allegedly a member, while the three other Uzbek nationals are accused of assisting with sourcing used vehicles. The main suspect was arrested in April, one month after an Interpol red notice was issued, and has been indicted in detention. Police said he operated a used-car export company under another Uzbek national's name. #SouthKorea #Uzbekistan #Syria @asianomics
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🇮🇩🇵🇭🇲🇾 Haze Worsens Across Southeast Asia Smoke from forest fires in Indonesia pushed air quality to very unhealthy and hazardous levels across parts of Southeast Asia, triggering school closures and public health alerts. In the Philippines, Quezon City suspended in-person public school classes on Sept 1, while authorities across the region stepped up responses as haze spread over much of Borneo and into the Philippines. Indonesia recorded nearly 10,000 fire hotspots in August, about 10 times the level seen in the previous two years, while more than 200,000 hectares have burned so far in 2026. The deterioration is linked to El Nino-driven heat and dryness, amplifying a seasonal fire cycle that regularly creates cross-border haze affecting public health, transport, and administrative operations. In Malaysia, Sarawak was preparing office closures and cloud seeding as conditions worsened. The episode extends a recurrent regional challenge in which domestic land and forest fires produce transboundary disruption. #Indonesia #Philippines #Malaysia @asianomics
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🇯🇵 Japan bond yield hits 3% Japan’s benchmark 10-year government bond yield briefly reached 3% on Tuesday in Tokyo, its highest level in 30 years, as a global sovereign debt selloff intensified. Nikkei Asia reported that inflation concerns, higher oil prices and mounting fiscal pressures drove yields higher. The move reflects broader stress across global bond markets as investors reprice inflation and government borrowing risks. For Japan, rising yields carry added weight because of the country’s large public debt stock and the central role of Japanese government bonds in domestic financial conditions. Higher benchmark yields can raise funding costs for the state and ripple through wider asset markets. The jump also adds pressure as debt selloffs spread across Asia. #Japan @asianomics
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