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At the third edition of the Saudi International Handicrafts Week, held at Princess Nourah bint Abdulrahman University in Riyadh, veteran craftsperson Wu Jianmei rose to the spotlight as exhibitors and visitors gathered to experience global artistry. Wu Jianmei took a seat in the bright red-themed China pavilion, her fingers deftly guiding a needle in a demonstration of Xiang embroidery — a traditional art form that has earned her acclaim over a career spanning more than four decades. Her calm poise and meticulous stitching drew a steady stream of visitors who paused to watch each slender thread breathe life into the fabric.

Organised by Heritage Commission, Banan has brought together over 400 artisans representing more than 40 countries for 2025. China holds the title of Guest of Honour, a symbolic showcase of its cultural heritage in a pavilion designed to present more than a thousand handmade pieces alongside live craft demonstrations. The pavilion features lacquerware, fan-making, batik techniques and complex embroidery — each presented by skilled heritage bearers chosen to represent China’s rich craft traditions.

China’s role this year coincides with the 35th anniversary of formal diplomatic relations with Saudi Arabia, as well as the designation of 2025 as the Year of Handicrafts in the Kingdom. Officials accompanying the Chinese delegation underscored the ambition to promote cross-cultural understanding and elevate artisanal craftsmanship within a broader creative economy. Among those present was the Chinese ambassador, who visited the China pavilion and praised the global scope of the event and the Kingdom’s support for heritage-driven cultural exchange.

Visitors to Banan were drawn not only to the China pavilion but to a wider tapestry of worldwide craftsmanship. Traditional techniques from Syria, the United Arab Emirates, Egypt, Oman, Bahrain and Jordan featured prominently, alongside booths from European, African, Asian, and Middle Eastern artisans. Demonstrations ranged across wood carving, clay pottery, metalwork, weaving and shadow-puppet craft.

A special interactive zone called “Banan Story” offered families and children an opportunity to engage hands-on with materials and tools under guided supervision, helping younger attendees connect playfully with global craft techniques. This initiative reflects a broader strategy by the Heritage Commission to foster intergenerational appreciation of handcrafts, encouraging younger audiences to explore cultural diversity through creativity.

For many, Wu Jianmei’s presence at Banan served as a powerful cultural bridge. Her Xiang embroidery pieces — delicate and intricate — symbolised a living history: patterns and stitches that carried stories of generations. Locals and expatriates alike watched in quiet admiration as the needle moved, building intricate motifs destined for display or sale. Her work has previously been exhibited in major institutions, a testament to her stature in the heritage-arts community.

Security analysts working on China-linked cyber espionage have deepened scrutiny of two Beijing-based organisations that appear to support the country’s intelligence infrastructure. The Beijing Institute of Electronics Technology and Application and its subsidiary Beijing Sanxin Times Technology Co., Ltd. are now under particular focus for allegedly supplying advanced steganography tools and network-penetration services to agencies tied to the Ministry of State Security.

BIETA has built a decades-long publication record in information hiding research, with around 40–46 percent of its 87 peer-reviewed papers between 1991 and 2023 devoted to steganography methods. Observers note that those outputs align with covert-communication and data-exfiltration requirements typical of state espionage missions. CIII, meanwhile, boasts copyright registrations for software capable of disguising malicious code within images, audio and video files, and has offered foreign-developed network simulation and penetration-testing tools that are frequently repurposed by advanced persistent threat actors.

Officials familiar with the intelligence landscape argue that BIETA and CIII function less like independent private firms and more like technology-enablement arms of China’s state-security apparatus. Evidence cited includes overlapping leadership — several BIETA executives have held or continue to hold roles within organisations tightly linked to the MSS — and a shared location: BIETA’s headquarters sit adjacent to the MSS First Research Institute in Beijing, a facility believed to be behind China’s mass surveillance infrastructure in regions such as Xinjiang.

The role of front organisations like BIETA and CIII expands beyond development of steganographic tools. According to analysts, these firms provide a bridge between Western technical innovation and China’s intelligence needs by acting as intermediaries for acquiring or licensing foreign cybersecurity and network-monitoring products. Through such supply-chain activity, capabilities like deep network simulation, cyber-range training and payload obfuscation may be imported under the guise of legitimate commercial transactions.

Linking BIETA and CIII’s activities to actual APT campaigns remains difficult, in part because those campaigns rely on clandestine infrastructure and rarely include public attribution. Nevertheless security researchers point to historical patterns: Chinese-linked APTs have employed image, audio and video steganography to deploy malware or smuggle exfiltrated data; such techniques were documented in operations as far back as 2013. These precedents match the capabilities now associated with BIETA and CIII’s publicly disclosed research and product catalogue.

Last year’s exposure of another contractor, i‑Soon, offered insight into how the wider ecosystem operates: leaked internal communications and product manuals revealed use of malware management platforms tied to major intrusion campaigns against governments and companies globally. That development affirmed concerns that front organisations could serve as staging grounds for supply-chain attacks, with steganographic delivery mechanisms functioning as invisible carriers for payloads.

Coupang has admitted that unauthorised access exposed the personal information of 33.7 million customer accounts, marking the worst data leak in South Korean history. The leaked data includes names, email addresses, phone numbers, delivery addresses and some order histories, while payment credentials and login details are said to remain secure. The breach first began on 24 June and remained undetected until 18 November, when the company discovered suspicious access affecting about 4,500 accounts — a figure swiftly revised upward as investigators uncovered the full scale of the leak.

Police investigators are analysing server logs and have identified the IP address used in the attack, triggering efforts to trace the suspect. Authorities have not confirmed the nationality of the person under suspicion, though local media have pointed to a former employee of Chinese origin. Coupang filed a formal complaint on 25 November under legislation covering unauthorised access and data theft, and the probe has since turned into a full-fledged criminal investigation.

In response to mounting public concern, the Ministry of Science and ICT convened an emergency meeting to examine whether Coupang violated national data-protection laws. The government has warned that the exposed information — though not financial in nature — could easily be used for phishing, identity theft or other scams, particularly given the extent of the leak and the volume of personal data involved.

Coupang says it blocked the breach route as soon as the intrusion was confirmed and has engaged external cybersecurity experts to strengthen internal monitoring. The firm also issued a public apology through its chief executive, pledging full cooperation with law enforcement and regulatory bodies.

By Nantoo Banerjee It is encouraging to note that the government has decided to invest large sums of money in support of rare earth magnet manufacturing and substantially improve the country’s rare earth-based metals production to escape China’s global chokehold in this strategic sector. Presently, there are a few small Indian companies engaged in manufacturing […]

The article India’s Push For Self-Reliance In Rare Earth Magnet Making Is Laudable appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

China’s central bank has reaffirmed its prohibition on cryptocurrency use and announced a renewed enforcement drive targeting stablecoins and underground trading networks. At a high-level interagency meeting convened in Beijing by the People’s Bank of China, officials declared that all virtual currencies remain outside the legal tender framework and insisted that any related business activity constitutes illicit financial conduct.

The PBOC underscored heightened concerns over what it described as a resurgence in speculative trading and misuse of stablecoins. According to the statement delivered at the meeting, stablecoins fail to meet mandatory requirements for identity verification and anti-money-laundering safeguards — deficiencies that increase their vulnerability to use in fraud, money laundering and unauthorised cross-border transfers.

China outlawed trading and mining of cryptocurrencies in 2021, with regulators barring financial institutions and intermediaries from facilitating such activity. The current announcement makes explicit that the ban also extends to stablecoins — digital assets whose value is typically pegged to fiat currencies or other claims — signalling a shift from broad prohibition to more specific targeting.

Officials from thirteen government agencies, including judicial and cyberspace regulatory bodies, participated in the enforcement meeting, indicating that anti-crypto efforts are being treated as a coordinated, cross-sector priority. The agencies pledged to intensify monitoring, crack down on underground trading platforms, clamp down on illicit payment flows and coordinate information sharing across law enforcement and regulatory bodies.

The renewed clampdown comes even as some on-the-ground activity suggests partial revival of mining in certain energy-rich provinces, driven by low electricity costs and data-centre growth. Reports indicate that a segment of cryptocurrency miners have quietly restarted operations despite the 2021 ban, suggesting enforcement may be uneven across China’s vast terrain.

Regulators framed the move as necessary to safeguard financial and economic stability, citing recent upticks in speculation, fraud and illegal cross-border capital flows linked to virtual currencies. The articulation of fresh enforcement measures and explicit inclusion of stablecoins reflects a shift in China’s regulatory approach — from discouragement to active suppression.

Given the global ripple effects of China’s policy, observers expect tightening enforcement to influence not only domestic underground markets but also international crypto platforms, stablecoin issuers and cross-border payment flows that might involve Chinese users or capital.

By Ashok Nilakantan Ayers SILICON VALLEY / SAN FRANSISCO / CALIFORNIA: The numbers are staggering. Microsoft has spent over $20 billion building data centres stuffed with the most powerful computer chips ever made. Meta is burning through billions more, weaving artificial intelligence into Instagram, WhatsApp, and Facebook. Google and Amazon are locked in a cloud-computing […]

The article The Great AI Gold Rush By US Big Tech Companies Through Huge Investment appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

JPMorgan Chase & Co has upgraded its recommendation on China’s stock market to “overweight,” arguing that potential gains in the coming year now outweigh the risks of sharp losses. Strategists at the firm, including Rajiv Batra, explained that China’s market has already surrendered much of its outperformance this year, creating what they describe as an attractive entry point. They highlighted a combination of factors poised to support equities — widespread adoption of artificial intelligence, renewed consumption measures, and expectations of governance reforms. The performance setback appears to have reset valuations and left positioning relatively light, paving the way for what JPMorgan analysts see as potentially strong upside ahead.

The shift follows a quarter in which the MSCI China Index dropped around 6.2 percent even as broader regional indices in Asia-Pacific posted modest gains. JPMorgan noted that the Chinese equity market remains in the early stages of recovering from a downcycle that began in late 2020. With valuations now seen as acceptable and investor sentiment subdued, the bank anticipates room for rally once supportive catalysts take hold.

Analysts argue that companies tied to technology and AI stand to benefit most from upcoming tailwinds. Firms previously weighed under regulatory and macroeconomic uncertainty may now attract renewed investor interest, especially where corporate governance improvements and capital discipline have strengthened balance sheets. Entities with exposure to domestic consumption, industrial automation, electric vehicles, and energy storage are viewed as especially well positioned.

Some investors remain cautious, citing lingering macroeconomic headwinds, weak property prices, deflationary pressures and subdued consumer sentiment that have dampened retail participation in equity markets. But for long-term investors with a willingness to absorb volatility, JPMorgan’s call marks a turning point: the market’s immediate downside appears limited while its upside — if China’s growth impulses and structural reforms materialise — could be substantial.

JPMorgan also sees potential gains for Asian equities more broadly. With China, Hong Kong, South Korea and India judged as overweight, and Taiwan as neutral, the bank expects the MSCI Asia ex-Japan Index could rise roughly 15 percent from current levels if global liquidity remains supportive. Regional equities, they argue, may benefit from a reorientation of capital flows away from developed markets towards Asia’s current valuations.

At the same time, the bank’s optimism contrasts with more cautious forecasts from some rivals, which warn earnings uncertainty and high valuations could trigger consolidation rather than a sustained rally. That divergence underscores the highly bifurcated nature of the market: selective positioning may offer rewards, but indiscriminate exposure could remain risky.

By Nitya Chakraborty 2025 has been a golden year for the Chinese President Xi Jinping in global diplomacy. In the last ten months since taking over the U.S. presidency by Donald Trump on January 20 this year for the second non-consecutive term, Chinese supremo Xi Jinping is on the roll. At the Busan summit in […]

The article How President Xi Jinping Has Emerged Taller In Global Diplomacy In 2025 During Trump.2 Tenure appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).