Keith Krach says the U.S. still leads China in the global AI race but warns Huawei’s rapid international expansion is helping Beijing narrow the gap.
Tagged By crypto
Why AI is a risk to Communist China
China has a lower share of white-collar workers than America, so AI is likely to have the greatest effect in consumer markets and blue-collar work. That could easily lead to discontent. Youth unemployment is already…
China Oil Imports Hit 3-Month High in July as Strait of Hormuz Shutdown Threatens Fresh Supply Shock
China’s crude imports recovered 22% from June’s decade low, but a renewed Strait of Hormuz shutdown and soft domestic demand are already clouding the outlook for August and beyond.
Yum China takes control of the Pizza Hut business in mainland China
Yum! Brands (YUM) announced on Friday that it closed on the sale of Pizza Hut in mainland China to Yum China Holdings (YUMC) for $1.2B. The restaurant company noted that the transaction with Yum China…
China’s Export Boom Rolls On Despite Trade Backlash
China’s factories are finding eager buyers abroad even as weak consumer spending and a prolonged property slump weigh on growth at home.
Three Things to Know About China’s Export Boom
China’s export growth maintained robust in July, though at a slower pace from June, on persistently strong global demand for artificial-intelligence products.
Breaking: Trump Declares “We Don’t Want To See China Take Over Crypto” Amid CLARITY Act Delay
U.S. President Donald Trump has been propping up the crypto industry. He stated that the US should continue to be a digital assets leader. He made these …
AI demand keeps China’s export engine humming, but risks loom
By Yukun Zhang and Ryan Woo BEIJING, Aug 7 (Reuters) – China’s exports beat expectations in July, remaining a key driver of economic growth as the global AI infrastructure boom fuelled demand for high-tech goods…
Trump Calls AI ‘Bigger Than Oil’ In the Race Against China For Tech, Crypto Dominance
In an interview with Punchbowl News, President Trump said expanding data center infrastructure is critical to supporting AI growth.
Unitree IPO Turns 36-Year-Old Founder Into China’s First Humanoid Robot Billionaire
The mogul, who launched a viral, 3-meter-tall transformable robot this year, has amassed a fortune of $2.4 billion derived from his equity stake.
China’s Commerce Innovation Is Reshaping Global Retail
Commerce models pioneered in China—including live commerce, social commerce and quick commerce—are increasingly influencing how consumers discover, shop and engage with brands around the world, …
Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
China’s trade surplus narrows in July as exports hold firm in strong tech cycle
Import and export growth readings beat economists’ forecasts, driven by higher chip prices and a jump in tech shipments China’s exports continued to post solid growth in July, maintaining momentum …
ADVERTISEMENT
