China's ‘stability' vow, graft-buster warns ‘no one is untouchable': SCMP daily highlights
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China's leadership has vowed to stabilise the economy and society, as the country is now at a critical stage in handling the unprecedented trade war with the United States.
Beijing has announced measures to support firms hurt by US tariffs, but businesses warn of challenges in domestic market.
As US-China tensions escalate over rare-earth exports – a sector China dominates with 92 per cent of global refining – Wang's invention is gaining urgent attention. His spin-off company, Niron Magnetics, is racing to commercialise these magnets, offering Western technology and automotive giants an alternative to China's stranglehold on supply.
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