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☆ The West is freaking out that China is making too much stuff, and it looks like China might be starting to agree
▼ + stars: | 2024-05-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The proposal covers a range of issues, including minimum technical standards and ecological guidelines for battery production. AdvertisementChina's battery production in 2023 alone was already big enough to fill global demand, according to an analysis from BloombergNEF. China's global share of battery manufacturing capacity is expected to fallDespite the West's consternation, there is an upside for the bloc. China's global share of battery manufacturing is expected to decline in the years ahead, according to a report from the International Energy Agency, or IEA, published on Monday. AdvertisementChina now accounts for more than 80% of battery manufacturing capacity, followed by the US and the EU with around 5% each, per the IEA.

Persons: China's, —, Xi Jinping's, Louise Loo, Loo, Chim Lee, Lee Organizations: Service, China's Ministry of Industry, Information Technology, European Union, Oxford Economics, Economist Intelligence, International Energy Agency, US, EU Locations: China, Beijing, Canada, Europe, India

☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

☆ A global scramble to make humanoid robots is gearing up to be the 21st century's space race
▼ + stars: | 2024-03-30 | by ( Joshua Zitser | Jyoti Mann | ) www.businessinsider.com time to read: +11 min

Humanoid robots are symbols of power and technological capability, a geopolitics expert says. An incident earlier this month involving a Saudi humanoid robot inappropriately touching a female reporter might not at first seem even remotely connected. AdvertisementHumanoids are visual representations of breakthroughs in AIIn Italy, the Istituto Italiano di Tecnologia is working on iCub, a research-grade humanoid robot. AdvertisementChina wants to take the leadWhen it comes to humanoid robots, China is vying for the top spot, so it's no wonder other nations are getting nervous. "The vast magnitude of the market offers an unmatched chance to test, improve, and expand the uses of humanoid robots," he said.

Persons: —, Neil Armstrong's, Muhammad, Elie Metri, Giorgio Metta, Metta, there's, Zen Koh, Koh, Peggy Johnson, Johnson, it's, David Becker, OpenAI, Mercedes, Tesla, Julian Mueller, Kaler, Mueller, Tang Ke, Li Boyang, Will Jackson, Johannes Simon, you've, Jackson, we're, Gartner, Nvidia's, Melonee Wise, Justin Sullivan, Metri Organizations: Service, Robotics, QSS Robotics, Muhammad, Istituto, Tecnologia, European Union, Ministry of Industry, Information Technology, Fourier Intelligence, Getty, BMW, Strategic Foresight, Stimson, TIME, Beijing, Conference, Boston Dynamics, Arts, Engineered Arts, GTC, Getty Images Saudi Locations: China, Saudi Arabia, Italy, Soviet Union, Saudi, DeepFest, Riyadh, Robotics Saudi Arabia, India, Nigeria, Shanghai, Oregon, Las Vegas, Texas, Beijing, China's Liaoning Province, San Jose , California, Getty Images Saudi Arabia, QSS, Europe

☆ China keeps on finding ways to hurt USA Inc
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Beijing has asked domestic EV companies to ramp up spending with local chip makers, per Bloomberg. It has bruised Tesla too, as it battles for market share with domestic EV makers competing on price. AdvertisementApple, for instance, generated almost 20% of its revenue from sales in China last year. Nvidia reported $10.3 billion in revenue from China for its last fiscal year, up from $5.8 billion the year prior. Chinese EV makers like BYD are being asked to buy chips locally instead of from US firms.

Persons: —, Tesla, BYD, Orin, Fabrice Coffrini Organizations: Bloomberg, Service, China's Ministry of Industry, Information Technology, Huawei, Publishing, Getty, Nvidia Locations: China, Beijing, BYD, Hangzhou, chipmakers, Chinese, AFP

☆ Two years after Apple quit Russia over Ukraine, Vision Pros are for sale in Moscow
▼ + stars: | 2024-02-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +8 min

On the ground in Moscow, Apple products including MacBooks, iPhones and iPads are available in stores, although prices may be higher than they were pre-invasion. Asked about Vision Pro sales in Russia, an Apple spokesperson told CNBC: "As you are aware, Apple Vision Pro is only available at Apple Retail stores in the US." Still, at a retail outlet "re:Store," (pronounced Ree-store) a former official Apple reseller offers Apple products for sale at shops in Moscow. The chain's website features a large photo of a user strapped into an Apple Vision Pro, and the iconic bitten Apple logo with text reading, "Vision Pro: The era of spatial computers has come. Apple Vision Pro is already on sale."

Persons: Kremlin . WASHINGTON —, Tim Cook, Romance768, Sergey Romantsev, Romantsev, Alexei Navalny, We're, CNBC's Steve Kovach Organizations: Apple, CNBC, Vision Pro, Apple Vision, Apple Retail, Vision, Kremlin, Russia, Pro, Meta, Russian Ministry of Industry, Trade, Sputnik, White Locations: Los Angeles , California, U.S, Moscow, London, Ukraine, Russia, United States, Kremlin . WASHINGTON, St . Petersburg, New York, Russian, Patriarshiye, York, Istanbul, American, Washington

☆ Silicon Valley literally wants to get into your head — any way it can
▼ + stars: | 2024-01-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

A look at the Neuralink brain chip. Apple is set to launch its Vision Pro headset on Friday in what it describes as its big foray into "spatial computing." That space is essentially your head, with the Vision Pro built to create a canvas that emerges before your eyes while you wear it. question, the Vision Pro is also a response to the growing suite of headgear that Mark Zuckerberg has been creating at Meta. Products include the mixed reality Meta Quest Pro and Meta Quest 3, which, like the Vision Pro, are designed to be worn over your head.

Persons: —, they've, Elon Musk, Musk, Neuralink's, Stephen Hawking, Neuralink, Mark Zuckerberg Organizations: Service, Business, Samsung, IDC, Welfare, China's Ministry of Industry, Information Technology, stoke, Apple, Meta, Products, company's Locations: Silicon, Neuralink's

☆ China just revealed plans to take on Elon Musk's Neuralink
▼ + stars: | 2024-01-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewChina has bold ambitions to develop its own brain-computer products by 2025. The MIIT said it wants to achieve breakthroughs in hundreds of technologies by creating "iconic products" by 2025, and it includes making brain-computer interfaces like Elon Musk's Neuralink implant. China has been actively working on creating brain-computer interface devices in recent years, including ones that can rival Neuralink. AdvertisementThe SprialE brain-computer interface can be inserted without the need for surgery as it has a spiral design, allowing it to be slid in without an invasive method, the report says. The tech policy document outlining its ambitions comes after the MIIT published a road map in November of its plans to mass-produce humanoid robots by 2025.

Persons: —, Neuralink, Musk Organizations: Service, Business, Ministry of Industry, Information Technology, Elon, FDA, Tianjin University, China Electronics Corporation, China Morning Post, Tsinghua University, Independent Locations: China, Tianjin, Beijing

☆ Huawei sets up new smart car company in Shenzhen, China as it gets more serious about autos
▼ + stars: | 2024-01-18 | by ( Michelle Toh | Wayne Chang | ) edition.cnn.com time to read: +5 min

The company incorporated Shenzhen Yinwang Intelligent Technology Co Ltd on Tuesday in the southern Chinese city of Shenzhen, where Huawei is based. The news marks another milestone for Huawei, which has accelerated its automotive ambitions in the past three years. But it has been hobbled in recent years by US export restrictions, which sent the company into a tailspin. The unveiling coincided with a launch by Chinese rival Xiaomi of its own first electric car, showing how competition between the two companies has spilled over to another sector. In November, a subsidiary of Changan, a Chinese state-owned automaker, disclosed that it had partnered with Huawei to form a new company created to provide smart car systems.

Persons: Elon Musk’s Tesla, Warren Buffett Organizations: Taipei CNN, Huawei, Intelligent Technology Co, Elon, Chongqing Changan Automobile Co, Changan, Shenzhen Yinwang, Automotive, Ministry of Industry, Information Technology, Economic Locations: Hong Kong, Taipei, Shenzhen, China, Changan, Chongqing, United States, Davos, Switzerland

☆ A Chinese waitress who pretends to be a humanoid robot is dividing the internet
▼ + stars: | 2023-11-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The internet appears divided over a video showing a Chinese waitress serving food to customers. Some people think it's a humanoid robot, but others say it's a woman acting. The South China Morning Post reported that it's actually the restaurant's owner, who is a dancer. Some think it's a humanoid robot, but others say it's a human who is acting. AdvertisementThere were some 5,000 robots serving customers in Korean restaurants in 2022, the Financial Times reported, citing industry data .

Persons: it's, —, Topia Organizations: China Morning Post, Service, China Morning, Ministry of Industry, Information Technology, CBS News, Financial Times Locations: China, Texas

☆ China to allow road trials of intelligent connected vehicles
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 17 (Reuters) - China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world's largest auto market has set its long-term strategic focus on ICVs in a push to become the leading global player in the still nascent industry. The trials apply to levels 3 and 4 in China's five categories of autonomous driving, the ministry of industry and information technology said in a website statement. Reporting by Beijing Newsroom; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Clarence Fernandez Organizations: Beijing, Thomson Locations: BEIJING, China, China's

☆ BAIC unit applies for approval to build Xiaomi-branded EVs in China
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

People clean the floor at the stall of the BAIC Group automobile maker at the IEEV New Energy Vehicles Exhibition in Beijing, China October 18, 2018. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Nov 15 (Reuters) - A unit of Beijing-based automaker BAIC Group <1958.HK> has applied to regulators for approval to build two Xiaomi-branded <1810.HK> electric vehicles (EVs), China's industry ministry website showed on Wednesday. The filing indicates that BAIC will be the manufacturer for these two models, even though Xiaomi has built a plant that can produce 200,000 EVs annually in Beijing. The new EVs will be built at a site that is the same address as the Xiaomi plant, China Business News reported. Both BAIC and Xiaomi did not immediately respond to requests for comment on the EV applications.

Persons: Thomas Peter, Xiaomi, ORV, Max, Lu Weibing, Qiaoyi Li, Zhang Yan, Brenda Goh, Mo Yelin, Muralikumar Anantharaman, Kim Coghill Organizations: BAIC Group, New Energy Vehicles Exhibition, REUTERS, Rights, BAIC, HK, CATL's, Ministry of Industry, China Business News, STAR, Reuters, Tesla Inc, Lucid, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai

☆ China boldly claims it has a plan to mass produce humanoid robots that can 'reshape the world' within two years
▼ + stars: | 2023-11-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

China revealed its bold plans to mass produce "advanced-level" humanoid robots by 2025. The MIIT believes that humanoid robots will be as "disruptive" as smartphones and electric vehicles. AdvertisementAdvertisementChina revealed ambitious plans to mass produce humanoid robots, which it believes will be as "disruptive" as smartphones. For example, Chinese startup Fourier Intelligence said it would start mass producing its GR-1 humanoid robot by the end of this year, South China Morning Post reported. Even Tesla is developing its own humanoid robots called Optimus, or Tesla Bot, as Elon Musk revealed in 2021.

Persons: —, that's, Damion Shelton, Tesla, Elon Musk, Musk Organizations: China's Ministry of Industry, Information Technology, Service, Bloomberg, Intelligence, China Morning Post Locations: China, Shanghai, Oregon, Seattle

☆ China proposes blacklist of training data for generative AI models
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBEIJING, Oct 12 (Reuters) - China has published proposed security requirements for firms offering services powered by generative artificial intelligence, including a blacklist of sources that cannot be used to train AI models. Generative AI, popularised by the success of OpenAI's ChatGPT chatbot, learns how to take actions from past data, and creates new content like text or images based on that training. The committee proposes conducting a security assessment of each body of content used to train public-facing generative AI models, with those containing "more than 5% of illegal and harmful information" to be blacklisted. The draft rules also state that information censored on the Chinese internet should not be used to train models. The draft security requirements published on Wednesday require organisations training these AI models to seek the consent of individuals whose personal information, including biometric data, is used for training purposes.

Persons: Dado Ruvic, OpenAI's, Eduardo Baptista, Jane Merriman, Jan Harvey Organizations: REUTERS, Rights, National Information Security, Cyberspace Administration of China, CAC, Ministry of Industry, Information Technology, Baidu, HK, U.S, Thomson Locations: Rights BEIJING, China

☆ China targets 50% growth in computing power in race against U.S.
▼ + stars: | 2023-10-09 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The MIIT revealed in August that China’s computing power has reached 197 EFLOPS this year, up from 180 EFLOPS in 2022. The ministry said it ranks China as second behind the United States, but did not elaborate on the scale of the U.S. computing power it referenced. According to the plan, China aims to build out more data centres across the country to facilitate businesses' access to computing power. Expansive but less populated provinces in China such as southwestern Guizhou have long been tasked to establish massive data centres to power the country’s internet. For example, Apple (AAPL.O) has set up data centres in Guizhou with a local partner to serve its users in the country.

Persons: Florence Lo, Josh Ye, Sonali Paul Organizations: REUTERS, Ministry of Industry, Information Technology, Google, supercomputing, Apple, Thomson Locations: China, U.S, HONG KONG, Beijing, United States, Guizhou

☆ Apple expressed concerns to Chinese officials over foreign app restrictions, report says
▼ + stars: | 2023-09-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple expressed concern to Chinese officials in recent months over new rules that would ban unregistered foreign apps from its App Store, according to a report from The Wall Street Journal. The new rules would prevent Apple from offering many of the apps that are currently available in the store in China. Apple has not shared anything about the new rules publicly, and the company did not immediately respond to CNBC's request for comment. China's Ministry of Foreign Affairs said the country had not issued bans on the purchase or use of Apple's iPhones. Watch: China tightens leash on app stores, Apple yet to comply

Organizations: Apple, Wall Street, Facebook, China's Ministry of Industry, Information Technology, Street Journal, China's Ministry of Foreign Affairs Locations: China

☆ Defence minister's disappearance latest case of missing Chinese official
▼ + stars: | 2023-09-22 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

BEIJING, Sept 22 (Reuters) - The disappearance of China's Defence Minister Li Shangfu, who is being investigated for corruption, is just the latest recent case in which a senior official in President Xi Jinping's entourage has mysteriously vanished. If the official is from the military, the investigating body is the People's Liberation Army's own Discipline Inspection Commission. LI YUCHAO AND XU ZHONGBO, EX-ROCKET FORCE LEADERSAnother military general missing-in-action is Li Yuchao, 60, who was put in charge of China's conventional and nuclear missiles in January last year. Xu Zhongbo was replaced by an air force general from the Southern Theatre Command. Neither Li Yuchao nor Xu Zhongbo have been seen in public for months.

Persons: Li Shangfu, Xi Jinping's, Qin Gang, LI, China's, Li, QIN, Qin, Xi Jinping, XIAO YAQING, Xiao, XU ZHONGBO, Li Yuchao, Xu Zhongbo, Yew Lun, Antoni Slodkowski, Michael Perry Organizations: China's Defence, Commission, Chinese Communist Party, Foreign, Reuters, Wall Street, Communist Party, FORCE, Rocket Force, Southern Theatre Command, Thomson Locations: BEIJING, Beijing, Russia, Belarus, Vietnam, United States

☆ China's industry ministry to work on standards for the metaverse
▼ + stars: | 2023-09-18 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The ministry released a draft proposal to form a working group for the metaverse, shared virtual worlds accessible via the internet, on Monday. The proposal said that the metaverse is one of the nine emerging tech sectors which China should strive to establish standards for. "[The metaverse industry] faces many challenges," the MIIT said, "It is urgent to promote healthy and orderly development of the metaverse industry through standardization and guidance." It added that the metaverse industry suffers from a lack of clear definitions, which had allowed some capitalists and companies to drum up speculation in the market. Reporting by Josh Ye in Hong Kong and Beijing newsroom, Editing by Louise Heavens and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Refik Anadol, Tyrone Siu, Josh Ye, Louise Heavens, Emelia Organizations: Art, REUTERS, Tyrone, Rights, China's Ministry of Industry, Information Technology, Thomson Locations: Hong Kong, China, Rights BEIJING, Beijing

☆ Volvo's Russian assets transferred to Russian investor - industry ministry
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File photo Acquire Licensing RightsMOSCOW, Sept 8 (Reuters) - Swedish truck maker Volvo AB's Russian assets (VOLVb.ST) have been transferred to an undisclosed Russian investor, the Ministry of Industry and Trade said in a statement. Volvo suspended all sales, service and production in Russia in February 2022, and said last October that further write-downs might be necessary. In 2021, Russia accounted for about 3% of its net group sales of about 372 billion Swedish crowns ($33.4 billion). The invasion triggered a host of Western economic sanctions, and threats by Russia to seize Western businesses based there.

Persons: Andrew Kelly, Igor Kim, Alexei Sannikov, Kim, Kevin Liffey, David Evans Organizations: Volvo, REUTERS, Rights, Ministry of Industry, Trade, carmakers Volkswagen, Mercedes, Benz, Nissan, Toyota, Renault, BMW, Kia, Hyundai, Reuters, Thomson Locations: Linden , New Jersey, U.S, Swedish, Russia, Kaluga, Ukraine

It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. China's finance ministry is planning to contribute 60 billion yuan, said one person. Backers of the Big Fund's previous two funds include the finance ministry and deep-pocketed state-owned entities such as China Development Bank Capital, China National Tobacco Corporation and China Telecom. INVESTMENT MANAGERSThe Big Fund is considering hiring at least two institutions to invest the new fund's capital, said the three people.

Persons: Xi Jinping, Florence Lo, China's, Julie Zhu, Kevin Huang, Yelin Mo, Roxanne Liu, Sumeet Chatterjee, Edwina Gibbs Organizations: U.S, China Integrated Circuit Industry Investment Fund, Big Fund, Washington, Information Office, Ministry of Industry, Information Technology, REUTERS, China Development Bank Capital, China National Tobacco Corporation, China Telecom, Big, Semiconductor Manufacturing International Corporation, HK, Hua Hong Semiconductor, Memory Technologies, IC, China Aerospace Investment, China Aerospace Science, Technology Corporation, Thomson Locations: HONG KONG, BEIJING, China, Beijing, U.S, Japan, Netherlands

☆ Tencent, others begin enforcing China's new oversight move on apps
▼ + stars: | 2023-09-04 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

The moves comply with new rules introduced last month as Beijing tightens oversight of mobile apps in the country. "The Android app stores have confirmed that new apps require the app filings from Friday onwards, and existing apps must have it from March 31 onwards," Rich Bishop, CEO of app publishing firm AppInChina said. "It forces all global apps on these app stores to either establish a local entity or work with a local partner." As of Monday, it is not yet checking apps' filing status, AppInChina said, citing its own checks. The notice also said app stores will have to clearly mark each app's filing status on their platforms.

Persons: Aly, Rich Bishop, AppInChina, Vivo, Tencent's, MIIT, Josh Ye, Brenda Goh Organizations: World Internet Conference, REUTERS, Tencent Holdings, HK, Reuters, Tencent, Huawei Technologies, Apple, Ministry of Industry, Information Technology, Huawei, Xiaomi, Thomson Locations: Wuzhen, Zhejiang province, China, HONG KONG, Beijing

China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. China has previously said its overseas recruitment through the TTP aimed to build an innovation-driven economy and promote talent mobility, while respecting intellectual property rights, according to the state-run Xinhua news agency. It said that anyone who recommends a candidate who is then selected for the talent programs would receive "diamonds, bags, cars, and houses". In some cases, these people said, those experts will be offered roles at Chinese chip companies' overseas operations. ($1 = 7.1475 Chinese yuan renminbi)Reporting by Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina; editing by David CrawshawOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Xi Jinping, Qiming, Dean Boyd, Nick Marro, Chen Biaohua, Chen, Ma Yuanxiao, Dawei Di, Di, Zhuji, Julie Zhu, Fanny Potkin, Eduardo Baptista, Michael Martina, David Crawshaw Organizations: REUTERS, Washington, Reuters, China, Ministry of Industry, Information Technology, U.S . Commerce Department, Xinhua, Ministry of Science, Technology, U.S, government's National Counterintelligence and Security Center, Economist Intelligence, China Center for Information Industry Development, China Semiconductor Industry Association, Qiming, Massachusetts Institute of Technology, Harvard, Stanford, HK, LinkedIn, Hangzhou Juqi Technology, Fortune, Beijing Institute of Technology, BIT's School of Integrated Circuits, Electronics, Britain's University of Nottingham, University of Hong, BIT, Communist Party's Organization Department, Zhejiang University, Communist Party, Thomson Locations: China, HONG KONG, SINGAPORE, WASHINGTON, U.S, China's, Qiming, Beijing, Hangzhou, ResearchGate, University of Hong Kong, Ma, Zhejiang, Wenzhou, Cambridge

☆ Exclusive: China's Xiaomi wins state planner nod to make EVs amid glut in autos
▼ + stars: | 2023-08-23 | by ( Julie Zhu | ) www.reuters.com time to read: +4 min

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. Xiaomi, which owns the world's third largest smartphone brand by shipments, did not immediately respond to a request for comment. Xiaomi plans to produce about 100,000 EVs next year, said one of the sources. But Xiaomi, which reported an 18.9% drop in its latest quarterly revenue in May, has its own compulsions for foraying into EVs. Xiaomi plans to use the thousands of stores it has as showrooms for its electric cars, Reuters previously reported.

Persons: Francis Mascarenhas, HONG KONG, Xiaomi, Tesla, NDRC, MIIT, Lei Jun, Julie Zhu, Muralikumar Organizations: REUTERS, Xiaomi Corp, HK, National Development, Reform Commission, EV, Ministry of Industry, Reuters, Lucid, Beijing Daily, China Passenger Car Association, Thomson Locations: Mumbai, India, HONG, Beijing, Shanghai, Reuters U.S, China, China ., EVs

☆ Chinese Premier Li: Sino-U.S. relations, trade cooperation face difficulties
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

Chinese Premier Li Qiang attends a meeting with U.S. Special Presidential Envoy for Climate John Kerry (not pictured) at the Great Hall of the People in Beijing, China July 18, 2023. REUTERS/Florence Lo/Pool/File Photo Acquire Licensing RightsBEIJING, Aug 21 (Reuters) - Bilateral relations and economic and trade cooperation between China and the United States are facing difficulties, Chinese Premier Li Qiang told the chair of the U.S.-China Business Council heading a USCBC delegation on a visit to Beijing. "At present, China-U.S. relations and economic and trade cooperation are facing some difficulties, which require both sides to show sincerity, move towards each other and make joint efforts," Li told USCBC chair Marc Casper on Monday, according to the Chinese state news agency Xinhua. Li added that China is willing to work with the U.S. to jointly safeguard international trade rules and ensure the stability of global industrial chains. Reporting by Ella Cao, Liangping Gao in Beijing and Meg Shen in Hong Kong, editing by Ed Osmond and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, John Kerry, Florence Lo, Li's, Gina Raimondo's, Li, Marc Casper, Casper, Jin Zhuanglong, Ella Cao, Liangping Gao, Meg Shen, Ed Osmond, Mark Heinrich Our Organizations: U.S, of, People, REUTERS, Rights, U.S ., China Business Council, U.S . Commerce, Bloomberg, Xinhua, Chinese Industry, Ministry of Industry, Information Technology, Thomson Locations: Beijing, China, Rights BEIJING, United States, U.S, Hong Kong

☆ China to require all apps to share business details in new oversight push
▼ + stars: | 2023-08-09 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File PhotoHONG KONG, Aug 9 (Reuters) - China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing's latest effort to keep the industry on a tight leash. The new rule is primarily aimed at combating online fraud but it will impact on all apps in China, he said. Bishop said that in order to comply with the new rules, app developers now must either have a company in China or work with a local publisher. Use of such apps are not allowed in China, but they can be still downloaded from app stores, enabling Chinese to use them when traveling overseas. China already requires mobile games to obtain licences before they launch in the country and it had purged tens of thousands of unlicenced games from various app stores in 2020.

Persons: Thomas Peter, HONG KONG, ，, Rich Bishop, AppInChina, Bishop, Josh Ye, Miyoung Kim, Kim Coghill Organizations: REUTERS, Ministry of Industry, Information Technology, Apple, Facebook, Thomson Locations: Beijing, China, HONG, Shanghai

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