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Chinese investors poured the equivalent of $7.4 billion into gold-focused exchange-traded funds (ETFs) in April, a record pace as trade with the U.S. began to collapse under Donald Trump’s trade war and the country’s domestic economy continues to face an uncertain future.
Coming off a robust first quarter, China’s “new energy” vehicle makers such as BYD and Xpeng reported strong sales continued through April.
Chinese scientists have refueled a nuclear reactor without shutting it down, the first time the feat has been achieved.
During a 29 April visit to the city of Shanghai, Chinese president Xi Jinping called for continuing work to establish the country as a leader in artificial intelligence (AI) and emphasized China’s place as a leader of what he called the “Global South.”
Last month, retail auto sales in China leaped up 14.4 percent to 1.94 million vehicles, 40 percent more than in February and marking the greatest increase in any March since 2015, according to the China Passenger Car Association (CPCA).
In the “anyone who hates my enemy is my friend” vein, some may have noticed a recent glut of stories positively spinning practically any policy or anti-U.S. statements by China.
BYD, China’s premiere maker of hybrid and electric vehicles (EVs), saw its sales rocket up 58 percent in this year’s first quarter, the company said. Sales of pure EVs rose 39 percent.
Urban mobility company EHang has received a green light from China’s regulators to fly pilotless taxis at low altitude in the cities of Guangzhou and Hefei.
China’s sudden emergence as a global player in artificial intelligence, combined with Beijing’s easier hand of regulation, is drawing foreign investors back to Chinese equities.
Ant Group, the largest Chinese digital payments and financial services group, claims it has used Chinese-made chips to train a large language model AI at a cost 20 percent below that incurred by Western developers such as Anthropic, Google, and OpenAI.
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