Donald Trump has said he will impose a new 25-percent tariff on all imports from Canada and Mexico and “an additional 10-percent tariff, above any additional tariffs" on imports from China on his first day in office.
Tag: China
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U.S. SANCTIONS FREEZE CHINA’S AI CHIP PROGRESS
Huawei Technologies, China’s flagship chip producer, will use years-old “7-nanometer” technology in creating the next two iterations of its leading-edge “Ascend” AI chips, people familiar told Bloomberg.
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SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: CHINA’S DOMESTIC ECONOMY PERKED UP IN OCTOBER
In October, China’s retail sales grew by 4.8 percent, their sharpest monthly increase since February, figures reported by the National Bureau of Statistics showed.
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MILLION-BARREL GLOBAL OIL GLUT AHEAD, IEA SAYS
The world will see an oil surplus exceeding one million barrels a day in 2025, the International Energy Agency (IEA) said, even though demand will increase slightly in the new year.
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SPECIAL REPORT: LATIN AMERICA TURNS TO CHINA
The new Port of Chancay may be located on Peru’s Pacific coast but it has been made by China.
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SPOTLIGHT: CHINA’S ECONOMIC MISERY
China has completed arrangements to open a $1.4-trillion fund for local governments engulfed by debt.
The funds to help local governments clear “hidden” or off-book debt will be available until 2029, officials announced at an 8 November press briefing.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
For the first time in six months, China’s factory activity increased in October, reflecting the results of Beijing’s new stimulus initiative that included cutting interest rates and funneling money into the stock market.
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CHINA CREATES MILITARY AI MODELS USING META’S LLAMA PLATFORM
Chinese research institutions with ties to the country’s Academy of Military Sciences have built an AI for military applications by using Meta's publicly available LLaMA generative AI, according to a recently published research paper.
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SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: LOCAL GOVERNMENT DEBT MARKET SEES RECORD DEFAULT LEVEL
In 2023, local governments floundered in debt and Beijing swooped in with $309 billion in new bonds to pay back those debts. The central government also ordered state-owned banks to lend even more money to those failing municipalities.
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WORLD’S GROWTH SHIFTING TOWARD BRICS NATIONS, IMF SAYS
China will account for 22 percent of global economic growth over the next five years and India 15 percent, according to the International Monetary Fund’s (IMF’s) new economic outlook report.
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