China’s Space Ambitions Soar with Shenzhou-21 Launch

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In a major shift in its international business strategy, Starbucks has announced the sale of a 60% stake in its China operations to Boyu Capital, a private equity firm based in Hong Kong. The $4 billion deal marks a significant pivot for the American coffee giant, which has long considered China its second-largest market after the United States.To get more news about latest local news in china, you can citynewsservice.cn official website.
The move comes amid changing consumer behaviors and increasing competition in China’s coffee market, where local brands like Luckin Coffee have gained traction through aggressive expansion and digital innovation. By transferring majority control to Boyu Capital, Starbucks aims to localize its operations more effectively and adapt to the fast-evolving preferences of Chinese consumers.
Boyu Capital is reportedly seeking a $1.4 billion loan to finance the acquisition. Analysts suggest that the deal could help Starbucks streamline its supply chain, enhance digital integration, and expand its footprint in lower-tier cities. The company will retain a 40% stake and continue to influence strategic decisions, but day-to-day operations will be managed locally.
This development reflects a broader trend of Western companies recalibrating their presence in China, often opting for joint ventures or local partnerships to navigate regulatory complexities and cultural nuances.
China’s Space Ambitions Soar with Shenzhou-21 Launch
China’s space program continues to make headlines with the successful launch of the Shenzhou-21 spacecraft. The mission, which began on October 31, 2025, includes a three-member crew and four mice, marking a new phase of in-orbit biological experiments aboard the Tiangong space station.
The six-month mission will focus on studying the effects of microgravity on mammalian physiology, contributing to China’s long-term goals of deep space exploration and potential lunar colonization. The inclusion of mice in the experiment highlights the country’s growing emphasis on biomedical research in space.
China’s space program has accelerated rapidly in recent years, with milestones including lunar rover missions, Mars exploration, and the construction of the Tiangong space station. The Shenzhou-21 mission underscores China’s ambition to become a global leader in space science and technology.
Xi Jinping Strengthens Ties with Russia Amid Global Shifts
Chinese President Xi Jinping met with Russian Prime Minister Mikhail Mishustin in Beijing this week, signaling a continued deepening of Sino-Russian relations. The leaders discussed enhancing cooperation across energy, infrastructure, and digital development, emphasizing the importance of aligning their national strategies.
This meeting comes at a time when both countries face increasing pressure from Western powers. By reinforcing bilateral ties, China and Russia aim to present a united front in global affairs, particularly in areas such as cybersecurity, trade, and regional stability.
Observers note that the partnership is not merely symbolic but rooted in shared geopolitical interests. The two nations have collaborated on major energy projects and have supported each other in international forums, including the United Nations and BRICS.
Canton Fair Showcases China’s Global Trade Resilience
The third phase of the 138th Canton Fair concluded this week, drawing thousands of international buyers to Guangzhou. Chinese food enterprises were among the highlights, showcasing innovative products and sustainable packaging solutions.
Despite global economic uncertainties, the fair demonstrated China’s resilience and adaptability in global trade. Exhibitors reported strong interest from buyers in Southeast Asia, Europe, and Africa, with many deals signed on-site.
The Canton Fair remains a vital platform for China’s export-driven economy, offering opportunities for small and medium-sized enterprises to connect with global markets. This year’s event also featured digital booths and virtual matchmaking, reflecting the fair’s modernization efforts.