China Economic ReviewA US congressional advisory body has warned that China’s dominance of open-source AI is challenging America’s lead in the tech race, despite restrictions on Chinese access to advanced AI chips. According to Reuters, China’s large language models (LLMs) are already surpassing app downloads such as ChatGPT and Claude in app stores, and Reuters even estimates […]
What the China system likes more than anything else is certainty, but the war in Iran is creating situations that are very hard to predict. Beijing has on one level been interested in playing a middleman role, and just a few years ago, very prominently arranged for a detente of sorts between Saudi Arabia and […]
China’s Hua Hong Group has developed advanced chip manufacturing technologies that can be used to produce artificial intelligence chips, reports Reuters, citing four people familiar with the matter. Such a move would mark a major milestone in Beijing’s efforts to boost tech self-sufficiency. The group’s contract chipmaking business, Huali Microelectronics, is readying a 7-nanometre (nm) chipmaking process […]
Chinese household borrowing posted a record drop in February, reports Caixin. Household loans fell by RMB 650.7 billion ($94 billion) during the month, the largest contraction on record, according to data released Friday by the People’s Bank of China. Total social financing (TSF)—a broad measure of credit and liquidity in the economy—increased by RMB2.38 trillion in […]
Chinese e‑commerce giant JD.com has launched its Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium and Luxembourg, reports Reuters. The move sees the company stepping up its push beyond its home market and taking aim at market leader Amazon. JD.com wants to internationalize its business and last year agreed to buy German electronics retailer Ceconomy, owner […]