Sputnik/Pavel Byrkin/Kremlin via REUTERS via third partyLast year, a man claiming to be a Russian soldier fighting in Moscow’s war in Ukraine started posting triumphant videos from what he claimed was the battlefield on a…
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China’s internet giants order $5bn of Nvidia chips to power AI ambitions
Baidu, ByteDance, Tencent and Alibaba rush to acquire GPUs amid concern US will soon clamp down on their export
China tips into deflation as efforts to stoke recovery falter
Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan’s “lost decades,” which saw consumer prices and wages stagnate for a …
A China in decline is even more dangerous
When the British historian Paul Kennedy published his classic work The Rise and Fall of the Great Powers in 1987, it looked as though the future belonged to Japan
China’s Internet Giants Order $5 Billion of Nvidia Chips to Power AI Ambitions – FT
(Reuters) – China’s internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the Financial Times reported on Wednesday.
China Slips Into Deflation in Warning Sign for World Economy
China entered deflationary territory for the first time in two years, pressuring Beijing to avoid a deepening economic malaise.
China’s July new yuan loans seen dipping after record H1 – Reuters poll
China’s new yuan loans are expected to fall sharply in July from June after record lending in the first half, a Reuters poll showed, but they could still exceed the year-earlier amount as the central…
Biden order will propose new restrictions on China tech investment
The new White House ban on China investment is aimed at a handful of critical technologies related to military and internal surveillance capabilities.
China’s Property Market Is Critical for Growth. Now It’s Broken.
China’s massive real-estate market is back in trouble after a first-quarter flicker that the sector might be stabilizing.
Biden to ban US firms from investing in China tech companies over security fears: report
US-based private equity and venture capital firms will reportedly face restrictions in investing in Chinese AI, quantum computing, and semiconductors.
China’s Country Garden misses interest payments, bonds fall, raising fresh fears for property sector
China’s biggest property developer, Country Garden, defaulted on interest payments on dollar-denominated debt with a face value of $1 billion.
Critical Inflation Data Ahead, Credit Card Debt Hits $1 Trillion, China Enters Deflation
Chinese exports fell by 14.5% year-over-year vs. 12.5% consensus. Exports to the U.S. fell by 23%. Exports to the E.U. and the Association of Southeast Asian Nations fell by 21%. These are the biggest …
China Renaissance Says Detained Chairman Cooperating With Authorities in Probe
The company said that business and operations are continuing normally under the supervision of its Executive Committee, which includes Executive Directors Xie Yi Jing and Wang Lixing. Copyright 2023 …