Chinese stocks trimmed gains and the Australian dollar, a commodity currency that is highly sensitive to swings in Chinese demand, fell after the trade data. “The weak exports confirm that China needs to rely on domestic demand as global economy slows,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.Continue Reading
Musk departed Shanghai on Thursday, wrapping up a two-day trip to China in which he met senior Chinese government officials including the highest-ranking vice premier. Musk met with China’s foreign, commerce and industry ministers in Beijing. He also met with Chinese Vice Premier Ding Xuexiang on Wednesday, a source familiarContinue Reading
BEIJING: China’s imports are expected to have contracted in May, despite a low base last year as a lockdown in Shanghai brought the country’s biggest port to a standstill, while exports likely fell for the first time in three months, a Reuters poll showed. Inbound shipments to the world’s second-largestContinue Reading
When a user sends questions to the WeChat account of China Merchants Bank, for example, it will bring up an AI chatbot called “Little Zhao”, which is able to answer basic inquiries. So far, Xiao-I has served more than 1,000 business clients across over 50 industries, mostly based in mainlandContinue Reading
BEIJING: Tesla CEO Elon Musk kicked off his second day in China with a visit to the country’s commerce ministry on Wednesday (May 31) morning. A day earlier, he met with Chinese Foreign Minister Qin Gang. He also had dinner with Zeng Yuqun, chairman of CATL, the Chinese battery giantContinue Reading
BEIJING: Tesla CEO Elon Musk kicked off his second day in China with visits to the country’s commerce ministry and industry ministry. Musk left his hotel on Wednesday (May 31) morning accompanied by Grace Tao, Tesla’s China-based public affairs chief and Tom Zhu, head of global manufacturing. At the commerceContinue Reading
Chinese media reported Tesla welcomed its CEO to Beijing on Tuesday with a 16-course dinner that included seafood, New Zealand lamb and traditional Beijing-style soybean paste noodles. China is the world’s biggest electric vehicle market and Tesla announced in April it would build a second massive factory in Shanghai, whichContinue Reading
BEIJING: Chinese organisations launched 79 large-language models (LLMs) in the country over the past three years as they doubled down on efforts to develop artificial intelligence (AI) algorithms, a report by state-run research institutes said. The development of LLMs, trained using deep learning techniques on massive amounts of text data,Continue Reading
Singapore Airlines and Garuda Indonesia plan to enter into a joint venture to increase passenger capacity between the two countries, the flag carriers said on Monday (May 29), as post-COVID tourism in Southeast Asia ramps up. The proposed joint venture would allow the carriers to potentially synchronise schedules, improving passengers’Continue Reading
BEIJING: Chinese Commerce Minister Wang Wentao urged Japan to halt semiconductor export controls, calling it a “wrongdoing” that “seriously violated” international economic and trade rules, a statement from his ministry said on Monday (May 29). China’s latest condemnation of the export restrictions was made during Wang’s talks with Japanese TradeContinue Reading