00:05â¢China's Tech Surge and Chip Dominance
âšJapanese media reports that China is poised to dominate the chip war within 5-10 years through its social implementation capabilities, despite a lack of scientific inventions (Japan Business Press). Concurrently, Xi Jinping faces a delicate balancing act regarding a meeting with Trump, aiming to extend his rule amidst an incomplete personnel reshuffle (Nikkei Asia). Meanwhile, the Federal Reserve cut interest rates for the second consecutive meeting and will end quantitative tightening in December (Nikkei Shimbun).