China’s broad fiscal spending slumped in October by the most since at least 2021, crippling a key driver of investment and economic growth.

Chinese media have reported that fraudsters were able to use SIM cards smuggled out of China in telecom scams despite a rule that anyone buying the cards must register their names. Social media users have shared a clipped video falsely claiming it showed a Chinese official dodging a reporter's question on how scammers were able to circumvent the registration requirement.

Air India is lobbying the Indian government to convince China to let it use a sensitive military airspace zone in Xinjiang to shorten routes as the financial toll from a ban on Indian carriers flying over Pakistan mounts,

On the other side of the world, China continues to support its EV industry and has been for a while. It's poured more than $200 billion into the sector since 2009 and is the biggest market in the world for EVs.

The Dutch government said it’s relinquishing control of Chinese-owned chipmaker Nexperia, easing a standoff between China and the Netherlands that threatened supplies of semiconductors vital for global auto manufacturing.

Tensions spiraled on Nov. 8, when Takaichi said that a Chinese attempt to seize Taiwan by force would constitute a "survival-threatening situation" for Japan.

Japanese stocks and government bonds extended losses on Tuesday, as sentiment cooled on concerns about a diplomatic spat between Tokyo and Beijing and fiscal health at home.