Senior Democrat Party members of Congress have demanded to know whether US President Donald Trump cut a deal with Beijing on the future of Nexperia that left Washington’s European allies blindsided. Democrats are asking if Trump acted in concert with the Netherlands and the European Union on a US-China deal on the beleaguered semiconductor maker,…
China is further opening up several major state-dominated industries to private capital by raising the ownership limit and removing some investment barriers. China’s cabinet — the State Council — has unveiled a package of 13 measures to promote private investment, in an effort to revive a sector that’s struggled against the backdrop of sluggish demand…
HONG KONG (AP) — Alice Zhang, a 29-year-old marketer in the southern Chinese city of Guangzhou, has spent only roughly half what she did last year during the “Singles’ Day” online shopping festival, switching to cheaper choices and giving up on buying new shoes after pay was cut by more than 20%. That’s typical, analysts…
Beijing-based Moonshot AI, a start-up valued at US$3.3 billion and backed by Chinese tech giants like Alibaba Group Holding and Tencent Holdings, has presented another David-vs-Goliath story after creating an open-source model that “set new records across benchmarks that assess reasoning, coding and agent capabilities”. The new reasoning model, Kimi K2 Thinking, was the most…
Openness is the catchword of China’s interface with the rest of the world. It is reflected in Beijing’s choice of Shenzhen to host the Apec leaders’ meeting next year. Announcing the decision, President Xi Jinping summed up the credentials of Hong Kong’s neighbouring city: “Shenzhen has transformed from a backward fishing village into a modern…
The decision to suspend new port fees on Chinese-built, owned, or operated vessels starting on Monday has drawn sharp criticism from Democrats, who say it undercuts US President Donald Trump’s claims of being tough on China. They are not alone in pushing back. While shippers see the move easing costs and boosting trade, labour unions…
China mandates all state-funded data centres to use domestic AI chips, escalating its tech rivalry with the US. China Tightens Rules on Data Centres, Mandates Use of Domestic AI Chips. The Chinese government has introduced new regulations requiring all data centre projects that receive state funding to use only domestically manufactured artificial intelligence (AI) chips,…
China’s “in-orbit factory” has taken shape following a technological breakthrough in the form of an inflatable, reconfigurable space module, as it joins the United States and other countries to build large-scale industrial production lines in orbit. According to the developers, components of this smart morphing framework can be compactly folded during launch and inflated and…
Germany needs to think long term and come up with a strategic vision to revive mutual trust with China following a series of diplomatic “bumps” this year, according to international relations observers. The relationship faced a setback last month when German Foreign Minister Johann Wadephul postponed his first trip to China. A German foreign ministry…
China has been quietly restricting the widespread abuse of a form of detention legal critics believe is a key source of illegal interrogation that has led to multiple deaths and blocked suspects’ access to lawyers. There has been no official announcement of the changes. But last month, a leaked file of new guidelines circulated online,…