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A new wave of AI tools is transforming video editing workflows, but 57% of creators still require moderate to heavy manual editing, and 85% insist on keeping final creative control. The editing tool market now comprises five major forces—Premiere Pro, Final Cut Pro, DaVinci Resolve, CapCut, and AI-native platforms like Runway and Pika—competing for a growing middle ground of creators seeking professional capabilities without steep learning curves or subscription costs.

A 50-person pig farming equipment company in Foshan, led by Liu Wen, used AI to rewrite its software and generate marketing content, reducing customer acquisition costs from 1,500 yuan to near zero. The company now gets 30 new clients monthly, with new media revenue reaching 200,000-300,000 yuan in March 2025. The broader adoption shows AI's potential in traditional industries despite data and organizational barriers.

China's perfume market is projected to grow to 440 billion yuan by 2028, with a compound annual growth rate of 14%, far exceeding the global average of 3.5%, according to Frost & Sullivan. International beauty groups are actively investing in the sector: Estee Lauder's fragrance sales hit $2.779 billion in fiscal 2026, up 12% year-on-year, while L'Oréal acquired Creed and invested in Chinese brands like 观夏 and melt season. 中国香水市场预计2028年增至440亿元，东方香趋势加速 据弗若斯特沙利文数据，中国香水市场规模预计2028年增至440亿元，复合年增长率约14%，远超全球3.5%的平均增速。雅诗兰黛2026财年香水业务销售额27.79亿美元，同比增长12%；欧莱雅收购Creed并投资观夏、melt season等本土香氛品牌。2026上半年国内香水及花露水出口额达25.02亿元，同比增长31.05%。

Biren Technology priced 130 million new H-shares at HK$4.04 billion, down 11.85% on the day. The company still has HK$9 billion unused from prior raises (HK$7 billion from July and HK$3 billion from January IPO), yet is seeking fresh equity. About 70% of the new raise targets strategic supply chain procurement—pre-ordering HBM, reserving wafer capacity, building inventory buffers—driven by.extreme HBM shortage and 52-70 week lead times.

The Ministry of Commerce announced the total quantity, application conditions and procedures for 2027 non-state-owned crude oil imports. The announcement was made according to China's Regulations on the Administration of the Import and Export of Goods and China's WTO accession commitments.

Chinese researchers developed a computer simulation suggesting a missile-borne lidar system could detect and track a US F-35 stealth fighter at up to 61.5km. The simulation represents one of seven science highlights from SCMP's coverage of the past two weeks.

China and the US discussed Iran at their Beijing summit in May and Washington summit in September, with China taking a firmer stance on Tehran after the latest meeting. Analysts say further Xi-Trump summits could work in Iran's favor as the two powers find more common ground on Tehran. (48 words)

The US Navy awarded a US$39.6 million contract on September 28 for three second-hand extended-range King Air 350-series aircraft for the Philippine Coast Guard, two of them modified for improved surveillance. The aircraft will be fitted with extended-range fuel systems and upgraded avionics, giving Manila greater reach and endurance to monitor Chinese coastguard, naval and research vessels across the South China Sea.

The European Parliament voted on Wednesday for a significantly tougher China position, calling Beijing a decisive enabler of Russia and urging continuous European naval presence and joint exercises in and around the Taiwan Strait. The chamber also called for swift action to counter Beijing's industrial policy, which it described as an existential threat.

In December 2022, a Chinese J-11 fighter came within metres of a US RC-135 surveillance plane over the South China Sea; the US military called the manoeuvre unsafe while China blamed the American crew. Both sides released footage but neither accepted the other's account. The article argues that with autonomous fighter jets emerging, the US and China urgently need to establish rules to prevent similar close encounters from escalating.

Arup Neogi, an India-born US citizen and photonics specialist, leads a research team at the University of Electronic Science and Technology of China (UESTC) in Chengdu exploring the interconnection between light and sound. The university, which has one of China's top electronics and communication programmes, has been on the US entity list. Neogi told Chinese state media "Science has no borders."

Initial results from the world's first two working nuclear clocks show China's timepiece is about six times as stable as Vienna's, according to Nature papers published this week. The Chinese team at Tsinghua University and Vienna's TU Wien both used thorium-229 nuclei embedded in crystals to keep time. This marks a milestone in precision timekeeping technology.

The U.S. Department of Homeland Security proposed requiring universities and certified schools to pay US$70,000 for each foreign student entering the Optional Practical Training (OPT) programme, with an additional US$30,000 for subsequent participation. The measure could sharply raise costs for thousands of Chinese graduates seeking employment experience in the U.S.

The US Treasury announced its first penalty under outbound investment rules, fining Amidi, LLC US$200,000 for failing to report a US$92,478 investment in Shanghai Qiongche Intelligent Technology, a robotics AI company. The Treasury said the parent of Plug and Play Tech Centre's Chinese fund subsidiary did not submit the required notification.

US President Donald Trump pressed Chinese counterpart Xi Jinping to roll back China's export curbs on Japan during their meeting in Washington last month, urging talks between the Chinese and Japanese leaders. Xi also warned Trump about the growing risks of Japanese militarism during the sit-down. Tokyo seeks to manage mounting pressure from Beijing.

Former Anthropic and OpenAI researcher Jacob Coxon said he is 90 per cent certain China already has spies inside US AI companies, without providing evidence. Coxon made the allegation in a PBD Podcast interview with Patrick Bet-David, arguing China could steal advances from leading US AI labs and close any technological gap.

MMLC battery-grade lithium carbonate price fell 500 yuan per ton in the morning session, compared with yesterday, to a mid-price of 120,500 yuan per ton. The data was reported by Mysteel.

Experts recommend the United States replace "wholesale restrictions" on Chinese electric vehicles with targeted safeguards and strategic partnerships. John Helveston, associate professor at George Washington University, said this would prevent US carmakers from losing global market share. The experts spoke during a discussion on Tuesday.

Chinese Ambassador Xie Feng hosted this year's National Day reception in Washington, a notably more relaxed and cheerful event compared to recent years. His speech was upbeat and included jokes about panda ambassadors, following President Xi Jinping's short but successful state visit during which President Trump gave Xi an unprecedented high-level reception.

Xi Jinping's state visit to Washington concluded with a "reciprocity" agreement, but whether it grants China equal global status remains unresolved. Other nations without a seat at the table are watching the ambiguity closely. The tarmac greeting, flyovers and state dinner were interpreted as a statement of rank rather than mere courtesy.

Hong Kong Securities and Futures Commission CEO Leung Fung-yee said at an ASIFMA conference that the regulator is researching market microstructure reforms, including extending securities trading hours, with derivatives to be implemented first. HKEX will publish a discussion paper on extending spot market trading hours in Q4. Long-term measures may include tokenized currency and digital Hong Kong dollar settlement arrangements.

The US formally ended its Operation Inherent Resolve mission in Iraq on September 30, completing a withdrawal agreed with Baghdad. Analysts said the move could give Iraq more room for diversified partnerships and indirectly benefit China's energy and commercial interests. However, they noted China lacks both the ambition and capacity to fill the US security role in Iraq.

A long-established Hong Kong developer sold a Central retail shop held for over 50 years to an heir of Swiss underwear maker Triumph, according to Land Registry data. Analysts called the transaction "highly unusual," noting that international capital rarely acquires local retail assets in Hong Kong. Triumph International did not respond to a request for comment.

A federal judge ordered Wanying "Heather" Zhang held in custody, blocking her release. Zhang is accused of being a Beijing agent who filmed the son of a Taiwan leader. US Magistrate Judge Steve Kim sided with prosecutors, who argued Zhang's parents and siblings lived in China, posing a flight risk.

Chinese automakers' registrations in the UK rose to 519,424 vehicles between January and August 2026, capturing 28.1% market share, up from 12.9% in the same period in 2025. The best-selling Jaecoo 7, nicknamed the 'Temu Range Rover,' sold 10,814 units in September. UK Business Minister Jonathan Reynolds is considering matching the EU's up to 35.3% tariff on Chinese EVs to avoid Made in Europe barriers, with China warning of retaliatory measures.

Hong Kong-based EcoCeres is sourcing China's gutter oil from restaurants across the Greater Bay Area to produce sustainable aviation fuel. Once a notorious food safety scandal, recycled kitchen waste now commands premium pricing as a clean energy feedstock.

Trump pressed Xi Jinping during last month's summit to end a freeze in relations with Japan's Sanae Takaichi, citing Japan's grievances over Chinese restrictions imposed after Takaichi's November comment about potential military intervention in the Taiwan Strait. Beijing regards Taiwan as a core interest.

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Russian President Putin's aide Nikolai Patrushev arrived in China on Thursday for talks with Foreign Minister Wang Yi. The visit is being closely watched for signs of preparation for a possible trilateral summit with the US during the Asia-Pacific Economic Cooperation leaders' meeting next month.

China has nominated health official Song Li to run for director general of the World Health Organization, the foreign ministry confirmed on Thursday. If elected, Song would be the first person from mainland China to head the UN health agency. The nomination comes as the WHO faces a major funding shake-up following the US exit.

Japan and the US will conduct expanded military exercises near Taiwan from October 19 to 29, with about 45,000 Japanese personnel, 6,100 vehicles, 40 ships and 260 aircraft, up from 33,000 personnel, 30 ships and 250 aircraft in 2024. Analysts say the exercises could complicate Beijing's planning for a Taiwan or East China Sea conflict.

Two summits between Presidents Trump and Xi in five months produced shared language but no breakthrough on the Hormuz Strait issue. Xi backed a return to the interim US-Iran agreement during his Washington visit, yet Trump recently rejected Iran's truce proposal and is considering resuming US bombing of Iran. Analysts say China needs to offer more concrete action rather than just diplomatic statements.

A CNBC report previews stocks scheduled to report earnings next week that have historically beaten earnings expectations and shown share price gains. No specific companies or earnings figures were detailed in the source.

The author argues that the prevalence of short-form digital content is contributing to a decline in literacy and deep reading, characterizing the current era as "postliterate." The piece presents a critical perspective on how daily consumption of brief, superficial content may be eroding intellectual capacities traditionally associated with reading and writing.

CCTV reported that a foreign warship lost power, propulsion and radar while aggressively shadowing a PLA Navy Type 055 destroyer Zunyi during routine training in the South China Sea. The Chinese account describes it as a rare encounter, resembling other incidents involving US Navy destroyers in the region this year.

Former US officials warned at a Global Taiwan Institute symposium that Washington's increasingly transactional approach to Taiwan, tied to its Beijing relationship, puts the Indo-Pacific at risk. Former AIT Taipei Office director Brent Christensen said the war on Iran is weakening US military readiness for a potential Taiwan Strait conflict.

Hong Kong national security police have charged a 52-year-old man with publishing seditious material on social media. The defendant is accused of posting content with intent to provoke hatred towards the central Chinese authorities, the Hong Kong government and the judiciary. The first court hearing took place on Wednesday.

BYD is studying whether to manufacture lithium batteries in Argentina, Foreign Minister Pablo Quirno said after meeting the company's executive vice-president Stella Li. The company is looking at investment opportunities in the lithium value chain, particularly for battery and energy storage production. No investment amount or factory location has been disclosed.

China Vice Minister of Commerce Ling Ji met with European Commission Director-General for Trade and Economic Security Jørgensen in Beijing on October 9. The meeting took place at the Ministry of Commerce. No further details were provided.