China’s consumer spending rose 8.6% year-on-year in the first four days of this year’s Chinese New Year holiday, reports Caixin. This was backed by an extended holiday and fresh government stimulus that lifted outlays on services and technology. The increase offers a sign of resilience as policymakers roll out renewed support measures, including a consumer incentive […]
Category: Politics & Society
Chinese dronemaker DJI said it has filed a suit challenging the Federal Communications Commission decision to bar imports of all of its new models and critical components, reports Reuters. The ban also includes products from Autel, another China-based drone maker. DJI, the world’s largest dronemaker, said in a statement it had challenged the FCC decision in […]
This year’s Chinese New Year holiday period saw both an 8.2% increase in domestic travel, and an 8.6% increase in consumer spending compared to the year before, according to official figures. The holiday for this year was increased from eight to nine days, and a range of stimulus policies were implemented by the Ministry of […]
Chinese AI startup DeepSeek’s latest AI model, set to be released as soon as next week, was trained on Nvidia’s most advanced AI chip, the Blackwell, reports Reuters, citing a senior Trump administration official. Were this to be the case, it could represent a violation of US export controls. The official said the US believed DeepSeek […]
A senior official in the White House was cited in a Reuters exclusive as saying that China’s DeepSeek has trained AI models on Nvidia’s Blackwell chips—the company’s most advanced. If this were true, Reuters said, it would constitute a violation of current US export controls. It gave no details about how the chips were allegedly […]