China is planning to invest 2 trillion yuan ($295 billion) in a nationwide network of AI data centers over five years, aiming to boost domestic computing power and reduce reliance on US technology.
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China’s Trade Imbalance With EU Swells With Imports in New Slump
China’s imports from the European Union dropped for the first time in three months, again swelling a trade imbalance that’s put it on a collision course with the bloc.
China’s May shipments to U.S. clock 5-year high growth at 35% as overall exports jump on tech boost
China’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value…
Mini skid steer import from China: What happens next?
Follow the journey of importing a mini skid steer from China and discover the risks expectations and reality of ordering heavy equipment online while waiting to see if it arrives safely #MiniSkidSteer …
Elon Musk’s Neuralink faces a new rival: China approves world’s first commercial brain chip
China has approved the world’s first commercially cleared invasive brain-computer interface, giving it an early lead in the brain-chip sector. Developed by Neuracle Technology and Tsinghua University, …
SpaceX IPO fever sparks hunt for proxy plays in Asia
By Gregor Stuart Hunter, Summer Zhen and Samuel Shen SINGAPORE, June 9 (Reuters) – SpaceX’s $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to …
China rides AI wave as exports surge past forecast
By Joe Cash BEIJING, June 9 (Reuters) – China’s export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI boom, providing policymakers …
China export growth accelerates in May on AI demand, US shipments surge
China’s export growth accelerated in May, offering a vital lifeline to an economy otherwise bogged down by a persistent domestic slowdown.
China’s Oil Imports Plunge to Eight-Year Low on War Disruptions
China’s buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels.
CNBC Daily Open: Tim Cook’s last WWDC, tech IPOs and Middle East tensions
Tensions in the Middle East still continue to simmer as Israeli Prime Minister Benjamin Netanyahu warned the war “has not yet ended” …
US technology giant seeks to become leader in China
U.S. technology giant Advanced Micro Devices may become the preferred U.S. chip provider for China. Amid growing technology competition between the U.S. and China, AMD CEO and president Lisa Su has …
China’s export surge tops forecasts as AI propels trade boom
China’s exports and imports expanded at a faster pace in May, topping forecasts as booming demand for artificial intelligence hardware offsets disruptions from the war in Iran.
China’s exports gain momentum; import growth picks up
China’s export growth accelerated in May, offering a vital lifeline to an economy otherwise bogged down by a persistent domestic slowdown.
