China's Xi seeks expanded role for Shanghai Cooperation Organization with development bank | International

China’s Xi seeks expanded role for Shanghai Cooperation Organization with development bank | International

TIANJIN, China (AP) — Chinese President Xi Jinping said China would accelerate the building of a SCO development bank at the annual summit of the Shanghai Cooperation Organization in Tianjin on Monday, as he seeks to expand the organization’s influence and scope. “Currently, as the global situation becomes more complex and turbulent, member states are…

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China launches new ‘AI+’ policy to speed 'info revolution' • The Register

China launches new ‘AI+’ policy to speed ‘info revolution’ • The Register

Asia In Brief China’s State Council last week announced a new IT policy called “AI +”, the successor to 2015’s “Internet +”. The Council said Internet+ focused on connectivity to improve production processes. AI+ aims to achieve “a leap from ‘information connection and diffusion’ to ‘knowledge application and creation’,” in pursuit of further economic efficiencies…

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SK Hynix, Samsung shares tumble after US revokes China licenses

SK Hynix, Samsung shares tumble after US revokes China licenses

Technology Tech sell-off spreads to Japan after American market jitters The U.S. Department of Commerce plans to remove Samsung Electronics and SK Hynix from its list of so-called validated end-user authorizations, forcing them to apply for an approval every time they transfer U.S. commodities, software or technology to their Chinese operations. (Source photos by Reuters) KIM JAEWON and…

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