CybersecurityPolicy

Beijing Alleges US Cyber Espionage Targeting Critical Time Infrastructure

Chinese intelligence authorities claim to have uncovered evidence of extensive NSA cyber operations targeting the country’s time synchronization systems. The alleged attacks reportedly threatened communications, financial networks, and power grids according to security reports.

Cyber Espionage Allegations Escalate US-China Tensions

China’s Ministry of State Security has publicly accused United States intelligence agencies of conducting sophisticated cyberattacks against the country’s critical time synchronization infrastructure, according to reports published through official channels. The allegations, detailed in a Sunday social media post, claim the National Security Agency targeted systems that support China‘s communications, financial, and transportation networks.

BusinessEconomy

China’s Economic Expansion Slows to Annual Low Amid Property Market Declines

China’s economic growth has decelerated to its slowest pace in a year, with GDP expanding 4.8% year-on-year in the third quarter. The slowdown comes as property prices decline further and retail sales weaken despite stronger industrial production.

Economic Growth Moderates Amid Trade Tensions

China’s economic expansion has reportedly slowed to its lowest level in twelve months, with the gross domestic product growing 4.8% year-on-year in the July-September quarter, according to the National Bureau of Statistics. This represents a moderation from the 5.2% growth recorded in the second quarter and falls below the 5.4% expansion seen in the first three months of the year. The cooling growth coincides with ongoing trade tensions between Beijing and Washington, which analysts suggest have dampened economic activity.