https://www.newsbharati.com//Encyc/2024/1/25/Security-Scan-73.html
China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day
Property sector’s slump and geopolitical risks are negatives, China’s valuation discount to India hit a record this week. Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.
Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.
US senators introduce bill to counter China’s dominance in critical minerals
Legislation requires US federal agencies to submit report to Congress on world’s critical minerals and rare earths to address ‘information gaps’
The assessment must include which resources are under the control of a ‘foreign entity of concern’ – China, Iran, North Korea or Russia.
China lab simulates attack on US warships using space weapons, hypersonic missiles
Laboratory that works on electronic warfare equipment for PLA shows how satellites and missiles might be used to strike an aircraft carrier group. Researchers say ‘electronic warfare in outer space using low-orbit satellite constellations has become an important means of information warfare’.
U.S. wants Japanese shipyards to help keep warships ready to fight in Asia
United States and Japan are looking to make a deal for Japanese shipyards to regularly overhaul and maintain U.S. Navy warships so they can stay in Asian waters ready for any potential conflict, U.S. Ambassador to Japan Rahm Emanuel said on Friday.
"China watches what ships are coming in and out. It is not like this is a secret, they know what's happening. So therefore, they take an evaluation of your deterrence," Emanuel told reporters at the Yokosuka naval base near Tokyo.
UK military is too small to fight, US generals warn
Troop numbers are likely to fall below 70,000 within the next two years, casting doubt on the country’s combat capabilities, especially the British Army.
European and American generals have questioned whether the UK can still be considered a top-level fighting force, with new analysis revealing the army will have fewer than 70,000 soldiers within two years.
Figures compiled by The Times show that if the army continues to lose troops at its present rate, the number of regular soldiers will fall to 67,741 by 2026 — smaller than the United States’ special operations forces alone.
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