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Russia’s military operation in Ukraine has sent shockwaves across the globe.
Cover Story: The Beginning of the End of the Post-Cold War World Order
Russia’s attack on Ukraine grows out of growing unease over NATO’s eastward expansion in the decades since the collapse of the Soviet Union

China’s Foreign Minister Lambasts Trump for ‘Two-Faced’ Approach
Wang Yi takes issue with the U.S. president trying to build a positive relationship with Beijing while simultaneously imposing tariffs

Editorial | After the Battle of Words at the White House, Where Is the World Heading?
Volodymyr Zelensky, who once starred in a political satire, was caught in real-life tensions with the U.S. under Trump's presidency, which shifted U.S. stance from supporting Ukraine to adopting a neutral position in the Russia-Ukraine conflict. Trump expressed support for both Ukraine and Russia, leading to criticisms of his foreign policy approach, which deviated significantly from his predecessor's, causing tension with Zelensky. China maintains a neutral stance, advocating for dialogue, while shifts in U.S.-Russia relations impact Ukraine's international support and China's positioning in global diplomacy.

Commentary: How to End the Ukraine War After White House Showdown
Signals show that China is adjusting its position on Russia-Ukraine conflict as U.S.-Russia relations warm

CX Daily: Holiday Spending Gives Chinese Consumption a Needed Boost
Alibaba’s record-breaking bet on AI and cloud computing

Caixin Weekly | Special Report: TikTok Faces New Challenges
TikTok briefly halted U.S. operations in 2025 due to legal challenges but resumed with a 75-day grace period granted by President Trump, who suggested the U.S. should have a 50% stake in TikTok. TikTok users sought alternatives like Xiaohongshu, as legislation threatened apps with foreign ties, highlighting geopolitical issues and the app's growing importance in U.S. social media. Despite legal and political challenges, TikTok remains a significant player in the U.S. digital ad market, with advertising revenue projected to increase significantly through 2025.

Tesla Rolls Out New Self-Driving Feature in China
Also in today’s rundown: China and Mongolia to build a second cross-border railway, investors see a sweet deal in bubble tea chain Mixue’s IPO, Tencent incorporates DeepSeek models into more of its products

Caixin Weekly | China's Counterstrike: What Does Export Control on Critical Minerals to the U.S. Signify?
Tensions between the U.S. and China are intensifying in tech and trade sectors, with the U.S. implementing semiconductor export controls against China, and China responding with the strictest metal export controls targeting the U.S. China has restricted exports of critical minerals like gallium, germanium, and antimony to the U.S., affecting semiconductor and defense industries. These restrictions have led to significant increases in metal prices globally and triggered efforts by countries to find alternative supply chains, highlighting the strategic importance of these metals in tech industries.

Caixin Weekly | Internal Combustion Engines See Periodic Stabilization, Zero-Emission Technologies Are the Future
Internal combustion engines remain crucial as many automakers, including emerging ones, focus on hybrid vehicles. By December 2024, top three new automakers prioritize range-extended hybrids. China's new energy vehicle sales are rising fast; however, hybrid vehicles grew 5.7 times more than pure electric ones in 2024. Predictions suggest hybrids will share prominence with electric vehicles by 2025. Global challenges persist for electric vehicles with slow market adaptation, high production costs, and infrastructure limitations, prompting a reevaluation of internal combustion engines' roles in Europe and the US.

Local Governments Get In on the DeepSeek Dash
Also in today’s rundown: Xi speaks with Putin, CATL and Volkswagen get a little closer, Suzhou is working on a system for testing out infrastructure for the ‘low-altitude economy’

Intensifying Competition in Central Asian Auto Exports: Exorbitant Profits No Longer | Maritime Ventures · Automobiles
China's vehicle exports are projected to reach 5.859 million units by 2024, with a significant focus on Central Asia, particularly Kazakhstan, Uzbekistan, and Kyrgyzstan. The exit of some European and Japanese car brands from Kazakhstan has allowed Chinese brands to fill the gap, with brands like Chery and JAC expanding operations. A policy shift in Russia requiring tax adjustments for cars imported via the Eurasian Economic Union has impacted parallel exports, though Central Asia remains a key market for Chinese automakers.

Caixin Weekly | 2025: Beyond Price Wars, the Auto Industry Enters Warring States Period
China's auto market faces volatility in 2025; automakers resort to aggressive promotions to combat declining sales, while purchasing subsidies are extended for a year to boost the market. The domestic market is intensely competitive, with emerging technologies like autonomous driving becoming a focal point, as companies like Tesla and Huawei aim to lead. China's auto exports reached 5.859 million units in 2024, but trade barriers and shifts to global manufacturing may affect future growth; overseas expansions in markets like Thailand and Russia face challenges.

Doubt Cast on China’s Auto Exports to Russia as Moscow Tightens Rules
Tougher inspections coming as Russia finds defects in three Chinese truck brands

In Depth: China’s Carmakers Face Crossroads as Slowdown Persists
Fiercer competition and greater external pressures are expected for 2025 as the industry wrestles with how to deal with an ongoing price war and diminishing returns from a subsidy program that kept sales growth positive last year

Cover Story: Trump Stakes Out Aggressive Policy Shifts, Setting the World on Edge
Some analysts say threats of tariffs and territorial expansion represent negotiating tactics

Interview: ‘Thucydides Trap’ Allison More Optimistic About U.S.-China Relations Under Trump
U.S. and Chinese presidents could become peacemakers on the world stage, says Harvard scholar, whose book examined the likelihood of conflict between the two countries