SHANGHAI (Reuters) – Huawei’s founder told Xi Jinping at a meeting the Chinese president held with private sector entrepreneurs that concerns China had about a lack of homegrown chips or operating systems had eased, Chinese state media reported. The People’s Daily on Friday published an article summarising what major Chinese company founders including Huawei’s Ren […]
Workers making Care Bears at a factory in Ankang, China. CNBC China’s factory activity slowed in January as export orders dwindled ahead of additional U.S. tariffs that are set to come into effect Tuesday, a private-sector survey showed Monday. The seasonally adjusted Caixin/S&P Global manufacturing purchasing manager’s index came in at 50.1 in Januarymissing Reuters […]
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI’s and cost a fraction of the price to build. The assertions — specifically that DeepSeek’s large language model cost just $5.6 million to train — have sparked concerns over the eyewatering sums that tech giants are currently spending […]
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning and happy Friday. In today’s newsletter: China’s military is building a massive complex in western Beijing that US […]
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has built up control of critical minerals across the developing world over the course of two decades through a network of at least 26 state-backed financial institutions, according to a new report […]
U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off. Shares of chip designer Nvidiaa huge beneficiary of the AI hype, were down 13.60% at 05:52 a.m. ET ahead of the market open. Netherlands-based chip companies ASML and […]
President Donald Trump and Chinese President Xi Jinping on April 6, 2017. Carlos Barria | Reuters U.S. President Donald Trump said Thursday that he has “always had a great relationship” with Chinese President Xi Jinping and that he looks forward to “getting along with China.” The U.S. and China will “have a very good relationship,” […]
Chinese officials were prepared for Donald Trump to deliver bad news on his return to the US presidency: immediate 60 per cent tariffs on exports that could deal a serious blow to the world’s second-largest economy. Instead, they received an apparent reprieve this week. Trump ordered an investigation into US-China trade, and later reiterated the […]
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew 5 per cent last year on the back of surging manufacturing, official data showed, as companies front-loaded exports in anticipation of higher US tariffs and as Beijing stepped up stimulus efforts. The […]
President Donald Trump talks with Chinese President Xi Jinping as Xi arrives for dinner at the start of their summit at Trump’s Mar-a-Lago estate in West Palm Beach, Florida, U.S. April 6, 2017. Carlos Barria | Reuters President-elect Donald Trump said he spoke on the phone with Chinese President Xi Jinping on Friday about TikTok, […]
