US Secretary of Defense Lloyd Austin warned that the aerial invasion of Chinese fighters, bombers and other fighters near Taiwan appears to be Rehearsal of military operations Oppose the country.

Austin said in a speech at the Reagan National Defense Forum on Saturday: “It looks a lot like they are exploring their true capabilities, and it certainly looks like a rehearsal.”

Austin does not seem to imply that China is preparing for the conflict in the near future, but the country’s air force has significantly increased the scale and frequency of missions to enter Taiwan’s “air defense identification zone” this year.

Military activities, coupled with the rapid technological advancement of the Chinese People’s Liberation Army, have raised concerns about China’s intentions towards Taiwan, which it claims to have sovereignty over Taiwan. Some experts believe that China’s recent rapid expansion of its nuclear arsenal is to make it more difficult for the United States to intervene in any conflict over Taiwan.

Thank you for reading FirstFT Asia.This is the rest of the news today-Emily

There are five more stories in the news

1. American allies believe in Russia’s threat to Ukraine The EU and NATO allies support the Biden administration’s assessment that Russia may Ready to invade UkraineAfter the United States shared unprecedented intelligence prepared by Moscow’s military.

2. Musk is allowed to “make rules” in space, the European Space Agency Director warns Josef Aschbacher, the new Director-General of the European Space Agency, urges the leaders of the European continent Stop promoting Elon Musk’s ambitions To dominate the new space economy and warn that the lack of coordinated action means that the American billionaire is “making the rules” on his own.

3. Shareholders accuse Toshiba of ignoring privatization bids Several of Toshiba’s largest shareholders blamed the Japanese conglomerate Failure to negotiate adequately With the private equity buyers, and said they will increase the pressure on the board of directors, requesting a re-discussion of a full-scale acquisition of the company.

4. Singapore suspends cryptocurrency group due to quarrel with BTS Singapore Financial Regulatory Agency Pause Bitget, A well-known digital currency exchange involved in an encrypted pension plan, claims to be linked to BTS, the largest boy band in South Korea.

5. Didi delisted from New York and switched to Hong Kong Chinese ride-hailing group Didi Chuxing said it would Delisting from the New York Stock ExchangeAs Beijing cracked down on the country’s leading technology groups, China accelerated its decoupling from the US capital markets. The move came less than six months after its $4.4 billion initial public offering.

Coronavirus Digest

The days to come

Aung San Suu Kyi’s court decision this First instance verdict The trial of the dismissed leader of Myanmar will be announced after it is postponed on November 30. (Guardian)

Narendra Modi hosts Vladimir Putin The Prime Minister of India will receive the President of Russia One-on-one meeting During the annual India-Russia summit, 10 bilateral agreements Set as signature. (Hindustan Times, Economic Times)

Centennial of the Anglo-Irish Treaty The agreement was signed 100 years ago today, ending the War of Independence and setting the conditions for dividing the island of Ireland-to understand how it was done and its consequences, in This excellent reading From the Weekend Financial Times.

What are we still reading

How immigrants became a weapon in “hybrid warfare” The government increasingly uses the displaced Take advantage of Europe’s division and fear More than immigrants. Officials are trying to find ways to deal with weaponized immigrants and other coercive tools designed to undermine social and political stability, such as cyber attacks and disinformation.

Robert Dole, Republican Senator, 1923-2021 If someone embodies the politics of Washington in the second half of the 20th century—good, bad, and ugly—then it must be Robert DoleThe former Republican senator from Kansas died yesterday in his sleep at the age of 98.

How does Europe compete with China’s “One Belt, One Road” initiative The EU’s new investment plan, the global portal has self-evident intentions Revolt against China’s “One Belt One Road” initiativeBut Martin Sandb wrote that without proper funding and clear goals, it could falter.

For the CEO, life at the top has become more difficult Rana Foroohar wrote that as the market and the real economy become more difficult, the leadership of large listed companies has become more difficult.More and more business leaders are Leave their job As the pressure increases in multiple directions.

The problem of disappearing cash Claer Barrett (Claer Barrett) is all about giving children access to money and payment as early as possible, but what our consumer editors worry about is The invisibility of digital transactions“Do the kids realize that the actual money is being spent, or do they think this’magic card’ makes everything possible?” she asked as part of us Financial Literacy and Inclusion Campaign.

• Readers call: Are you a teenager or do you know a teenager who is interested in financial writing?The Financial Times is looking for contributions from up-and-coming writers, including Cash reward To get the best entries.

culture

we need Another Princess Diana movie? Maybe we do. On the FT Weekend podcast, Lilah Raptopoulos talked with director Pablo Larraín, whom our film critics called “one of the most interesting directors in the film industry today.”He explained the creative process behind his new movie Spencer, Kristen Stewart plays Diana.