The US has formally approved sales of Nvidia’s second most powerful chip, the H200 to China, albeit with conditions that both ensure there are enough chips for the US market, and that they won’t fall into any kind of military use. Meanwhile, Reuters has cited unnamed sources stating that Beijing would approve sales only under […]
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China has made strengthening export control rules and safeguarding supply-chain resilience top priorities this year, reports the South China Morning Post. This comes as officials move to secure the nation’s economic interests amid rising geopolitical friction. The Ministry of Commerce said it would enhance legal frameworks and risk prevention and tighten the “safety net for opening up” as one of […]
The European Commission set out the conditions on Monday under which China-based electric vehicle makers can replace EU tariffs with commitments to sell at minimum prices, reports Reuters. The commission also said it would take into account Chinese EV investments in the bloc. For Beijing, the tariffs of up to 35.3% on EVs are the biggest source of […]
China’s industry regulator has pledged to provide more fiscal support for small-scale innovative firms in specialised industries, reports the South China Morning Post. The support for firms referred to as the country’s “little giants” are part of a range of measures designed to boost the country’s technological self-reliance and upgrade key industries. Li Lecheng, the head of China’s […]
X Square Robot, a China-based startup specializing in humanoid robotics, has raised RMB 1 billion yuan ($143 million) in a new funding round led by TikTok owner ByteDance and venture capital firm HongShan Capital Group, reports Caixin. The investment marks the latest sign of investor enthusiasm for China’s fast-evolving “embodied AI” sector—artificial intelligence systems capable of […]