The country poured billions into AI infrastructure, but the data center gold rush is unraveling as speculative investments collide with weak demand and DeepSeek shifts AI trends.
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Beijing Pivots to Rein In Excess Capacity Amid Squeezed Industrial Profit
China’s industrial profits fall further in June
China’s Industrial Profits Drop for Second Month Amid Price Wars
China’s industrial profits fall 1.8% in first half
Voters in Taiwan reject bid to oust China-friendly lawmakers in closely watched poll
China calls for the creation of a global AI organization
COVID-19 cases are on the rise in MA, CDC says. What to know about ‘Nimbus’ strain.
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China built hundreds of AI data centers to catch the AI boom. Now many stand unused.
China seen leading in chipmaking investment again in 2025, SEMI group says
China will continue to invest more in new computer chipmaking equipment than any other geographical region in 2025, despite a significant year-over-year decline, industry group SEMI said in a report …
Nvidia stock tumbles on a report the chip titan could face tighter regulation in China
Nvidia dropped Wednesday morning after the Financial Times reported new restrictions from Beijing.
China’s vice premier raises ‘solemn concerns’ over tariffs in talks with US trade chief
China’s Vice Premier He Lifeng expressed “solemn concerns” over U.S. tariffs and planned “reciprocal” duties in a video call with U.S. top trade chief Jamieson Greer on Wednesday, Chinese state media …
China’s developers start to climb out of their self-dug hole
But while Sunac’s restructuring is both slow and painful, there are signs that its market is improving. Home sales in China are stabilising, with secondary sales making up a greater share of activity.
GCL Energy Technology co-develops China’s first technical standard for real-world asset tokenization
GCL Energy Technology Co Ltd has spearheaded the development of China’s inaugural technical standard for blockchain-based real-world asset (RWA) tokenization, which was recently approved by the China …
Pillsbury Secures IPO Specialist Samuel Ng From China’s DeHeng
This move will reunite Ng with Jia Yan, co-leader of Pillsbury’s China practice, with whom he previously worked at U.S. firm Paul Hastings.
How UAE AI firm’s past China links stalled this US chipmaker’s IPO
Cerebras Systems executives had been hoping that the Trump administration would fast-track the national security review that has left the chipmaker’s initial public offering in limbo for five months, …
China’s CITIC Securities 2024 profit rises 10%
China’s biggest brokerage CITIC Securities Co reported a 10% rise in net profit last year, according to a filing on Wednesday. Profit was 21.704 billion yuan last year，compared to 19.721 billion yuan …
Bank of China’s 2024 profit beat forecasts, while margin pressure persists
Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, thanks to growth in trading gains and falling impairment losses, though asset quality and margin pressures persist.
China to help major cities attract foreign visitors and shoppers
China will help Beijing, Shanghai, Guangzhou and other cities to bring in more foreign flights, visitors and shoppers, new measures released by the government on Wednesday showed.
Trump team’s Signal snafu sparks debate over secure comms: ‘Russia and China are listening’
Experts weigh concerns over whether Signal can be hacked after it was revealed government officials used the encrypted platform to communicate defense information.
China woman changes locks on 80 flats, sells them to defraud friends out of US$3.3 million
While husband lives frugally to pay off debt, wife lavishly gifts live-streamer lover with extravagant items and properties A woman in China orchestrated a scheme in which she changed the locks on 80 …
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