China's Industry and Exports Indicators Improve Moderately in April

China's economy is set to unleash more potential in the second half, as a package of stimulus measures, including the issuance of ultra-long-term special treasury bonds and supports on property industry, take effect and as global demand continued to bounce back.

China Announces Sweeping Measures to Stabilize Property Sector

China also abolishes the lower limit of the interest rate for commercial individual housing loans at the national level, according to the authorities.

Biden Administration Seeks to Protect Its Solar Manufacturers from Chinese Competition

"The overcapacity of Chinese solar panels, now projected to be twice the world's demand, poses a threat to panel manufacturing and solar supply chains globally," said Zaidi.

ByteDance's Volcano Engine Lauches Doubao Amid Competition in China's Enterprise LLMs Sector

Since its debut as Skylark last August and being among the first large language models to pass China's algorithm registry, Doubao has been processing an average of 120 billion text tokens and generating 30 million pictures daily, according to Tan.

China Considers Local Government Purchases of Unsold Homes

In response to the housing inventory issue, dozens of cities have offered subsidies to incentivize residents to upgrade their old residences with new ones, aiming to reduce the surplus of new homes and provide crucial liquidity to distressed developers.

Google Ramps Up AI in Search Functions Amid Competition with OpenAI

U.S. Announces New Tariffs on Chinese EVs, Semiconductors, and Solar Cells

This is the latest bid by the Biden administration to keep China from undercutting U.S. companies and threatening U.S. manufacturing jobs.

U. S. Adds 37 China Entities to Trade Blacklist Over Security Concerns

The 37 entities included in the "entity list" this time mainly cover quantum computing, semiconductors, aerospace, and space technology.

Foreigners Flock to Beijing Auto Show for New Chinese Deals

The presence of foreigners throughout the exhibition has turned this year's Beijing Auto Show from a domestic event to an international one.

U. S. Commerce Secretary Says Chinese Control of TSMC Would Be “Absolutely Devastating”

Asked at a U.S. House hearing about the impact, Raimondo said "it would be absolutely devastating," declining to comment on how or if it will happen.

Google DeepMind Unveils Next Generation of Drug Discovery AI Model

AlphaFold3, the newest version of AlphaFold has successfully mapped the behavior of all molecules essential for life, including human DNA.

Chinese Food-delivery Giant Meituan Makes Foray into Middle East

Meituan’s approach in Middle Eastern countries is likely to rely on a familiar subsidy-heavy strategy to draw in users and delivery workers at the outset. As with Hong Kong, the firm is likely to roll out its KeeTa platform in phases and target certain districts to begin with.

Apple Unveils M4 Processor in New iPad Pros

“This stunning design and breakthrough display required we make the leap to the next generation of Apple silicon,” John Ternus, an Apple hardware executive, said.

China’s Eased Entry Rules Bring Inbound Tourism Boom

The number of inbound tourists to China in the first four months of 2024 (including air and rail travel) has increased by 244% compared to the same period in 2023, according to domestic travel platform Ctrip.

Apple Starts 'Project ACDC' to Develop AI Chips for Data Centers

Apple has been working on its own chip designed to run artificial intelligence software in data center servers, a move that has the potential to give the company an advantage in the AI arms race.

Microsoft Building New AI Model to Rival Google and OpenAI

The advancement of MAI-1 indicates a dual strategy for AI within Microsoft, emphasizing both small-scale, locally operated language models for mobile devices and larger, cutting-edge models driven by cloud computing.

Sam Altman Says It’s a Good Time to Start up Business in AI

When it comes to how will AI affect professionals, he said, in general, it’s “a great time to be starting out your career.”

Major Takeaways From Buffett’s Talk at Berkshire's Annual Meeting

"I understand the United States rules, weaknesses, strengths … I don’t have the same feeling for economies around the world, I don’t pick up on other cultures extremely well," Buffett acknowledged.

Investing Legend Warren Buffett Says AI scamming Will be the Next Big ‘Growth Industry’

China’s ‘Overcapacity’ is Here to Stay, Report Says

The report notes that while temporary overcapacity may be harmless and a normal part of the market cycle, it becomes a problem when it is perpetuated by government intervention.

Tesla’s China-made Cars Pass Data Security Rules

The breakthrough came as Tesla CEO Elon Musk made a surprise visit to China on Sunday and engaged in productive discussions with Chinese officials.

Beijing Pours Money Into Building Global Innovation Hub

Beijing will invest over 100 billion yuan (US$ 14 billion) in the next five years to optimize the investment and financing environment.

U.S.-based Wireless Chipmaker Qorvo Partners With JD Cloud

Regarding market forecasts, Lin said that although the current shipments of Wi-Fi 7 account for less than 5% of the global market share, according to projections, by 2028, Wi-Fi 7 shipments are expected to surpass Wi-Fi 6, demonstrating strong growth momentum.

Nanjing Renxin Technology Secures 100 Million Yuan Financing

Amazon Bedrock General Manager: A Rich Mix of Large Models Should be Offered for Customers

Atul Deo, General Manager of Amazon Bedrock, pointed out that if AWS doesn't have its own model, it means it must rely entirely on partners. Starting from scratch to build models also provides a "hands-on" approach to solving problems.

U.S. is Reportedly Drafting Sanctions Against Some Chinese Banks

According to a Reuters report in March, many banks in China, the United Arab Emirates, and Turkey have heightened their sanctions-compliance protocols, leading to delays or outright rejections of money transfers destined for Moscow.

Countdown to a Ban on TikTok in the United States

When Biden signs the bill into law, it would start the 270-day countdown for TikTok to find a buyer. If it can’t separate from its parent company ByteDance, then TikTok users could hypothetically be cut off by January.

EU Threatens to Suspend TikTok Lite’s Money-for-views Program Over Addiction Concern

The commission expressed concerns that TikTok Lite's "Task and Reward Program" had been launched "without prior diligent assessment of the risks it entails, in particular those related to the addictive effect of the platforms."

A New Side Hustle in China: Paid Bridesmaids in Small Towns

But Zhang says, as long as there are gigs, she'll keep at it. Because she runs a small shop in her hometown, with monthly revenue of about 3,000 yuan. If she works harder, the income from being a bridesmaid can be as much as her main income.

China Calls U.S. Section 301 Investigation into China's Maritime, Logistics and Shipbuilding Industries 'Groundless'

A CCPIT spokesperson said that the CCPIT would ask Chinese companies to provide legal defense and participate in U.S. hearings alongside upstream and downstream companies to protect their legitimate rights and interests.