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☆ Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta's AI
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Honor demonstrated how its smartphone eye-tracking technology could be used to control a car. One demo involved an app to control a car. As part of its press conference, Honor demonstrated eye-tracking technology in the smartphone. BARCELONA — Chinese firm Honor on Sunday showed off technology that allows a user to control a car just by using their eyes. In a video about the feature, Honor showed how a person could stare at one of the commands and the car would carry out the function such as moving forward.

Organizations: Mobile, Huawei, MWC Locations: Barcelona, Spain, BARCELONA, China

In November, a year after ChatGPT’s release, a relatively unknown Chinese start-up leaped to the top of a leaderboard that judged the abilities of open-source artificial intelligence systems. system as an alternative to options like Meta’s generative A.I. Mr. Lee’s start-up then built on Meta’s technology, training its system with new data to make it more powerful. Even as the country races to build generative A.I., Chinese companies are relying almost entirely on underlying systems from the United States. China now lags the United States in generative A.I.

Persons: Kai, Fu Lee, Lee, Lee’s Locations: China, United States

☆ China is heading for a 'lost decade' if it doesn't reform and grow, an analyst says
▼ + stars: | 2024-02-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China risks a "lost decade" of slow growth if it doesn't reform its economy, warns an economist. AdvertisementChina faces a "lost decade" of sluggish economic growth much like Japan if it doesn't reform its economy, according to an economist. "China could certainly have a lost decade of growth," Rory Green, the chief China economist at GlobalData.TS Lombard, wrote in a note on Thursday. Leaders are attempting to create a new political-economic model, one less reliant on debt-fueled property-led growth," wrote Green. Meanwhile, technocrats in China generally believe China needs to reform and grow — or risk a Japan-style lost decade, Green added.

Persons: Beijing's, —, Rory Green, GlobalData.TS Lombard, Xi Jinping, Green Organizations: Service, cri sis Locations: China, Japan, GlobalData.TS, Beijing, technocrats

☆ For some Spring Festival revelers in China, traditional attire adds an element of time travel to celebrations
▼ + stars: | 2024-02-12 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +8 min

For instance, Yu Garden in Shanghai, which hosts a 40-day Spring Festival lantern fair, has become a popular destination for Hanfu fans. The nearby commercial shopping district of Wujiaochang even hosted a Lunar New Year Hanfu parade to attract revelers to the area this year. It too has seen an increase in young tourists wearing traditional attire during visits, according to one local. Embracing traditionA woman wearing Hanfu strolls around the Spring Festival Flower Market in Guangzhou, China, on February 9, 2024. Others say the term “Hanfu” is too narrow, given the fluid sharing of influences among diverse ethnic groups in China.

Persons: they’ve, Taobao, Shanghai's Yu, Yu, influencers, ”, Cai Pa, ” Cai, it’s, Li, John Ricky, Hanfu, she’s Organizations: CNN, CNN — Tourists, Visual China, Getty, CNN Travel Locations: Suzhou, China, Shanghai, Hanfu, Seoul, Yu Garden, Wujiaochang, China’s, Hainan, Haikou, Qilou, Guangzhou, Anhui, gan

☆ China's economy is at risk of a brutal 'debt-deflation spiral'
▼ + stars: | 2024-02-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

China's economy has crawled out of the pandemic far below the pace of what most analysts expected, and if policymakers don't step in with sufficient support in 2024, a "debt-deflation spiral" could ensue. Deflation and falling stocksThe researchers said China's leadership has failed to address the lopsided supply and demand dynamics in particular. Meanwhile, deflation has crushed corporate earnings and stock prices in China, as well as wage growth and tax revenues. Nominal GDP grew at 4.6% in 2023, 0.6 points below real growth. "The economy could fall into a debt-deflation spiral without adequate policy support."

Persons: Gene Ma, Phoebe Feng, Ma, Feng, Banks Organizations: Wall Street, Institute of International Finance, CSI, People's Bank of Locations: China, Beijing, People's Bank of China

☆ U.S. companies say it's harder to make money in China now than before the pandemic
▼ + stars: | 2024-02-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Aly Song | ReutersBEIJING — More U.S. companies are finding it harder to make money in China than before the pandemic, raising concerns that businesses may not stay long. "It is concerning when our member companies are not profitable," Michael Hart, AmCham China president, told reporters Thursday. It found that by far, the main reason for respondents to increase investment in China was to remain competitive there. Asked Thursday about those efforts, AmCham China Chair Sean Stein noted the measures incorporate suggestions from foreign business chambers in China, but AmCham would like Beijing "to make more tangible progress." Rising U.S.-China tensions were the top concern for members for a fourth-straight year, the AmCham survey found.

Persons: Aly Song, Michael Hart, Michael Hart AmCham, Hart, Wang Wentao, Sean Stein, Stein, AmCham Organizations: Bund, Reuters, Reuters BEIJING —, American Chamber of Commerce, of Commerce, German Chamber of Commerce, Commerce, U.S Locations: Shanghai, China, Reuters BEIJING, U.S, Beijing, Michael Hart AmCham China

☆ Russia boasts it is beating sanctions, but its longer-term prospects are bleak
▼ + stars: | 2024-01-29 | by ( Tim Lister | ) edition.cnn.com time to read: +14 min

Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.

Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, “, ”, SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, —, Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, “, Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing

☆ 6 Chinese people demanded that a British pianist remove their faces from his public live stream. The ensuing fight has gone viral.
▼ + stars: | 2024-01-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewA confrontation between a group of Chinese people and a pianist in a London train station has gone viral on YouTube. "We are here filming for Chinese TV, did you film all of us in your cameras?" Business Insider could not immediately verify her claim that she works for Chinese TV. The other officer told Kavanagh to stop filming and that he was "not allowed to put this on your YouTube channel because this is a police matter." Later, the officer who told Kavanagh to shut down his live stream returned.

Persons: —, Brendan Kavanagh, Kavanagh, YouTube Kavanagh, We're, we're, Kavanagh's cameraperson, YouTuber Organizations: Service, YouTube, Business, Pancras International, Police, St, Communist, British Transport Police, Embassy, Google Locations: London, St, People's Republic of China, Communist China, Weibo, China

☆ China welcomes Arab, Muslim majority nations in Beijing for Israel-Hamas conflict talks
▼ + stars: | 2023-11-20 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China welcomed officials from Arab and Muslim majority countries on Monday for talks on “de-escalating” the Israel-Hamas conflict as Beijing steps-up its efforts to play a role in establishing a ceasefire. Zhai’s itinerary thus far has not included stops in Israel, Palestinian-controlled territories, or Iran, per information released by China’s Foreign Ministry. It’s not clear if China has been in contact with Hamas officials during the latest conflict. Visiting officials in Beijing this week include Palestinian Foreign Minister Riyad al-Maliki of the West Bank-based Palestinian National Authority. In the talks, Foreign Minister Wang Yi said they’d already held discussions with the Iranians on the topic, the senior official said.

Persons: “, Wang Yi, Washington –, Zhang Jun, Zhai Jun, Zhai, Wang, Eli Cohen, Riyad al, Xi Jinping, Joe Biden, Biden, Xi, they’d Organizations: Hong Kong CNN, Palestinian National Authority, of Islamic Cooperation, CNN, Israel Defense Forces, United Nations, Security Council, UN, Hamas, Foreign Ministry, China’s Foreign Ministry, Israeli, Palestinian, West Bank, Palestinian National Authority ., Ministry’s Locations: Hong Kong, China, Israel, Beijing, Saudi Arabia, Jordan, Egypt, Indonesia, United States, Gulf, Qatar, Washington, Gaza, United, Palestine, UAE, Turkey, Bahrain, Singapore, Europe, Palestinian, Iran, Palestinian National Authority . China, Lebanon, California

☆ PANDA WATCH: More Pandas might be coming to the US after multiple zoos had to send theirs away, China's top leader teases
▼ + stars: | 2023-11-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

General Secretary Xi Jinping opened the door to returning giant pandas to US zoos. Xi's comments come as all giant pandas at US zoos will soon be sent to China. Xi's comments came as lease agreements with US zoos are set to expire with no immediate replacement, meaning all giant pandas currently in the nation will soon return to China. The Atlanta Zoo is currently the only zoo in the US left with giant pandas. Advertisement"Recently, the three pandas at Smithsonian's National Zoo in Washington D.C. have returned to China.

Persons: Xi Jinping, Xi, Joe Biden, —, Chinese Communist Party Xi Jinping, Xi's, Pat Nixon Organizations: Service, Chinese Communist Party Xi, Atlanta Zoo, Smithsonian National Zoo, Chinese Foreign Ministry, Washington Post, Biden Locations: China, Beijing, United States, Washington , DC, San Diego, Memphis, Washington

☆ Takeaways from the Biden-Xi summit, where low expectations were met
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

U.S. President Joe Biden shakes hand with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. The Biden administration is worried about scores of what it calls “unprofessional” operations by Chinese planes and ships near US assets. Biden balances his job as commander in chief with huge political risksBiden knew his meeting with Xi would unleash a political firestorm. Biden had huge political incentives to make this summit a success but also needed to show he was tough on Xi. Meeting low bars at a moderately successful summit will not change the fundamentals of their rivalry.

Persons: Joe Biden’s, Xi Jinping, Biden, Xi, ” Biden, ” Xi, China’s, Joe Biden, Kevin Lamarque, “, Nancy Pelosi’s, Sen, Jim Risch, lacerated Biden, Bill Clinton’s, George H.W, Nikki Haley, Ron DeSantis, Donald Trump’s, it’s, ” Sue Mi Terry, George W, Bush, Barack Obama, CNN’s Erin Burnett, reaffirmation, “ I’m, that’s, ”, he’d, he’s Organizations: CNN, Economic Cooperation, United, US Air Force, Soviet Union, People’s Liberation Army, Republican, Senate Foreign Relations, US, Biden, South Carolina Gov, Florida Gov, GOP, Barack Obama National Security Council, Center for Strategic, International Studies, Congress, New York Times, Trump Locations: San Francisco, perilously, Asia, China, United States, ., Woodside , California, U.S, Taiwan, Chinese, Hainan, Soviet, Ukraine, Moscow, Syria, The Idaho, Beijing, George H.W . Bush, Iowa, Washington

☆ China's richest nepo babies look set to inherit $120 billion
▼ + stars: | 2023-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. All aged under 40, Chinese heirs from at least 11 families will soon have control of wealth worth an estimated $120 billion, according to the Bloomberg Billionaires Index. AdvertisementNongfu Spring is China's biggest water company. Future Publishing/Getty ImagesThe company, worth just over half a trillion dollars, is China's biggest bottled water producer. These billionaire nepo babies are standing by to reap the benefits of China's an almost uninterrupted wealth boom over the past four decades.

Persons: —, Zhong Shu Zi, Zhong, Gao Haichun, nepo, it's Organizations: Service, Billionaire, Bloomberg, University of California, Future Publishing, Brown University, McKinsey, Global Locations: China, Irvine

☆ Cramer says the economy is headed for a soft landing, but the easy money has already been made
▼ + stars: | 2023-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said that the economy is headed for a soft landing thanks to new inflation data that came in below Wall Street's estimates. By close, the Dow Jones Industrial Average was up 1.43%, the S&P 500 rose 1.91% and the Nasdaq Composite jumped 2.37%. But to Cramer, much of the easy money has already been made when investors were fearful about the Federal Reserve's ability to calm inflation. Cramer said stocks that did well Tuesday were ones that had been crushed by soaring interest rates, such as real estate investment trusts. He advised investors to "find aberrations" and lean into companies that will benefit once inflation is more under control.

Persons: CNBC's Jim Cramer, Cramer Organizations: Dow Jones, Nasdaq Locations: China, San Francisco

John Kerry, U.S. Special Presidential Envoy for Climate speaks during an earlier interview with Reuters, in Abu Dhabi, United Arab Emirates, on October 31, 2023. REUTERS/Abdel Hadi Ramahi/File Photo Acquire Licensing RightsSINGAPORE, Nov 10 (Reuters) - The United States and China have reached "understandings and agreements" on climate issues that will help ensure progress is made at the COP28 talks starting late this month in Dubai, U.S. climate envoy John Kerry said on Friday. China envoy Xie told diplomats in September that phasing out fossil fuels was "unrealistic" while key technologies like energy storage remained immature. China now has 360 gigawatts of coal-fired power capacity in its project construction pipeline, he said, but "they're trying very hard to move away." Right now, "it is irresponsible to be funding a coal-fired power plant anywhere in the world," he said.

Persons: John Kerry, Abdel Hadi Ramahi, Kerry, Xie Zhenhua, Xie, David Stanway, Tom Hogue Organizations: Reuters, United, REUTERS, Rights, Bloomberg, Economy, Thomson Locations: Abu Dhabi, United Arab Emirates, Rights SINGAPORE, United States, China, Dubai , U.S, Sunnylands , California, Singapore, COP28

Souring relations between Asian rivals Japan and China now seem to be snagged on calm-inducing beauty in spas, museums and gardens. In recent years, koi have become hugely popular in Asia, with Japan's koi exports doubling over the past decade to 6.3 billion yen ($43 million) — one-fifth of them shipped to China, the top Japanese koi importer, followed by the United States and Indonesia. Fisheries Agency official Satoru Abe, in charge of koi quarantine, said China has not provided any explanation as to why it hasn't taken the necessary steps to continue koi shipments. IS THIS RELATED TO FUKUSHIMA DAIICHI'S TREATED WASTEWATER RELEASE? Abe, the koi quarantine official, said Fukushima’s wastewater release is unlikely to be the cause of the koi export stoppage, noting that China allowed Japanese koi in for two months after the water discharge began.

Persons: Satoru Abe, Abe, Ichiro Miyashita, “, Hirokazu Matsuno Organizations: TOKYO, CHINA, Japan . Fisheries Agency, International Atomic Energy Agency, Forestry, Fisheries Locations: Japan, China, Asia, United States, Indonesia, Beijing, Tokyo, JAPAN, CHINA, East China

☆ Alibaba upgrades AI model Tongyi Qianwen, releases industry-specific models
▼ + stars: | 2023-10-31 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The Alibaba Cloud logo is displayed near a screen showing the website of its Tongyi Qianwen AI chatbot, in this illustration picture taken June 28, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsHONG KONG, Oct 31 (Reuters) - Chinese technology giant Alibaba (9988.HK) said on Tuesday it has updated its artificial intelligence (AI) model Tongyi Qianwen and released a suite of industry-specific AI models amid an intensifying AI race among tech companies. It also said it has launched eight AI models for the entertainment, finance, healthcare and legal industries. The GPT-3 AI model from Microsoft-backed (MSFT.O) OpenAI contained 175 billion parameters in 2020 and Meta Platform's (META.O) Llama 2 model had 70 billion parameters in 2023. At the conference, Chairman Joe Tsai also said about half of large-language AI models in the China now run on Alibaba Cloud.

Persons: Florence Lo, Tencent, OpenAI, Joe Tsai, Josh Ye, Brenda Goh, Jacqueline Wong, Christopher Cushing Organizations: REUTERS, HK, Microsoft, Meta, Thomson Locations: HONG KONG, Hangzhou, China

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING/SHANGHAI, Oct 30 (Reuters) - China will send Wu Zhaohui, a Vice Minister of Science and Technology, to a global summit on artificial intelligence this week in Britain, two sources familiar with the matter said. Former Prime Minister Tony Blair visited Beijing earlier this month and met Chinese Foreign Minister Wang Yi, as Beijing seeks to boost ties with the Labour party ahead of a general election likely next year. China's science ministry and foreign ministry, as well as the Chinese Academy of Sciences, did not respond immediately to faxed requests for comment. Wu was appointed to his role in the science ministry in December 2022. Like many countries around the world, China has been caught up in a global craze over generative AI following the popularity of OpenAI's ChatGPT last year.

Persons: Dado Ruvic, Wu Zhaohui, James, Boris Johnson, Tony Blair, Wang Yi, Wu, Xi Jinping, OpenAI's ChatGPT, Laurie Chen, Brenda Goh, Miral Organizations: REUTERS, Rights, Science, Technology, Labour, Chinese Academy of Sciences, HK, Foreign, Commonwealth, Development, Thomson Locations: Rights BEIJING, SHANGHAI, China, Britain, Beijing, British, London, Hong Kong, United States, Shanghai

☆ An embarrassing Russian defeat a century ago is a warning about the risks of losing a war to China now, top US Air Force official says
▼ + stars: | 2023-10-26 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

In May 1905, Russia's navy suffered a resounding defeat by the Japanese at the Battle of Tsushima. The battle is a lesson about complacency in the face of new threats, a top US Air Force official says. AdvertisementAdvertisementGreat-power competitionJapanese soldiers relieve Russian troops in an outer fort at Port Arthur after the Russian surrender in 1905. Proctor via Wikimedia Commons"The Battle of Tsushima Straits did not go well for Russia," Kendall, a self-proclaimed history buff, said at the conference. If our power-projection capability and capacity are not adequate to deter Chinese aggression against Taiwan or elsewhere, war could occur," Kendall said.

Persons: —, Frank Kendall, Kendall, aren't, George Rinhart, Port Arthur —, Korea's, Shigetada Seki, Port Arthur, Oriol, Tsushima, Oleg, Proctor, Theodore Roosevelt Organizations: Russia's, Russo, US Air Force, Service, Air Force, Air and Space Forces Association, Getty, Imperial, Siberian Railway, Asahi, Wikimedia, Imperial Japanese Navy, Russian, Baltic Fleet, 2nd Pacific Squadron, Wikimedia Commons, Mukden, Japanese Defense Ministry, US Defense Department Russia's Locations: Tsushima, Japanese, Asia, European, Imperial Japan, Imperial Russia, Pacific, Japan, Russia, China, Port, Europe, Korea, Dalian, Liaodong, Port Arthur, Tokyo, Russian Pacific, Chemulpo, Ulsan, Baltic, Russian, Vladivostok, Philippines, Madagascar, Manila Bay, Shandong, Okinawa, US, Britain, Germany, Imperial Germany, South, Soviet Union, Manchuria, Taiwan

[1/3] Chinese President Xi Jinping speaks with Colombian President Gustavo Petro during a meeting at the Great Hall of the People in Beijing, China, October 25, 2023. The upgrade of relations with Colombia means China now has strategic ties with 10 out of the 11 South American countries with which it has relations. Paraguay is the last South American nation that has ties with Taiwan, which China claims as part of its territory. In 2022, shipments from Colombia to China totalled $7 billion, up almost 20% from five years earlier. Among the 11 South American countries that have diplomatic ties with Beijing, Colombia has the largest trade deficit with China despite increased Chinese imports.

Persons: Xi Jinping, Gustavo Petro, Ken Ishii, Xi, Petro, Ivan Duque, Liz Lee, Ryan Woo, Ellen Zhang, Bernadette Baum, Robert Birsel, Nick Macfie Organizations: of, People, REUTERS Acquire, Initiative, South American, Tuesday, China Harbour Engineering Company, Bogota Metro, Xian Metro Company, Bombardier Inc, Columbia, China Civil Engineering Construction Corporation, Zijin Mining, Canada's Continental, Thomson Locations: Beijing, China, Colombia, Latin America Colombia, Xi's, Initiative BEIJING, U.S, America, Guyana, South America, Central America, Caribbean, United States, Taiwan, Paraguay, American, Latin America, Bogota, Argentina, Venezuela, Bolivia, Suriname

The logo of Baidu's AI chatbot Ernie Bot is displayed near a screen showing the Baidu logo, in this illustration picture taken June 28, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Oct 17 (Reuters) - Chinese technology giant Baidu (9888.HK) on Tuesday unveiled the newest version of its generative artificial intelligence (AI) model, Ernie 4.0, saying its capabilities were on par with those of ChatGPT maker OpenAI's pioneering GPT-4 model. He also showed Ernie 4.0 creating advertising posters and videos. Baidu, owner of China's largest internet search engine, is at the forefront of AI models in China amid a global craze over the technology sparked by the introduction of ChatGPT last year. In August, Baidu was among a number of firms to receive government approval to release AI products to the public.

Persons: Ernie Bot, Florence Lo, Ernie, Robin Li, ChatGPT, Baidu, Yelin Mo, Eduardo Baptista, Brenda Goh, Christopher Cushing Organizations: Baidu, REUTERS, Rights, HK, Thomson Locations: Rights BEIJING, Beijing, China, United States

☆ South Korea breakdancing: Korean b-boys eye Asian Games and Olympic gold
▼ + stars: | 2023-10-05 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +7 min

South Korean breakdancing team Jinjo Crew at the World K-pop Concert in 2021. Jeon Jiye, or b-girl Fresh Bella, will feature for the South Korean delegation at the Asian Games. The veteran, from the legendary Jinjo Crew, is a multiple world champion and Asian Games gold medal contender. There is added motivation after the country’s emphatic success in fellow Asian Games debutant, esports. “At the Asian Games, we will see all of this.

Persons: John Jay Chon, Breakdancing, Seo, –, United States –, Ronald Reagan’s, Han Myung, breakdancing, “, ”, Jeon Jiye, Fresh Bella, Jiang Han, Kim Heon, Korea’s, Kim, esports, We’ve, ” Kim, ” Kim Heonwoo, ’, Kwon Jang, Kwon, ” Kwon, we’re, We’re, Chen Po Chun, Chen Organizations: Hong Kong CNN, Korean, South, Asian, Summer, South Korean, World, Games, CNN, Getty, Asian Games, “ Locations: Hong Kong, Korea’s, Korean, American, South Korea, United States, Korea, Hangzhou, China, Paris, Bronx, Xinhua, South, Seoul, United Kingdom, Asia, Japan, somebodies

☆ How Chinese demand for fish maw (swim bladder) fuels a $52 million industry in Uganda
▼ + stars: | 2023-10-05 | by ( Chris Snyder | Emily Christian | ) www.businessinsider.com time to read: +1 min

Fish maw — the swim bladder of a fish — is one of the most expensive dried-seafood products in the world. But the main reason fish maw is so desired is its supposed medical value. Fish maw is also often recommended in China for postpartum recovery and to reduce post-surgery pain. But because of overfishing in East Asia, China now imports the majority of its bladders from other countries, like Uganda. In Uganda, fishers compete for Nile perch in Lake Victoria and ship them to China for extremely high prices.

Persons: maw Locations: China, East Asia, Uganda, Lake Victoria

☆ With eye on China, EU maps out de-risking, economic security strategies
▼ + stars: | 2023-10-05 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +4 min

EU also relied on China during the COVID pandemic for protective equipment and now for medicines and pharmaceutical raw materials. ECONOMIC SECURITY STRATEGYA reassessment of risk due to rising geopolitical tensions is also a key part of the European Economic Security Strategy unveiled in June. The strategy focuses on risks to supply chain resilience, physical and cyber security of critical infrastructure, technology security and leakage and weaponisation of economic dependencies or economic coercion. However, while the economic strategy does not name China, it talks of partnering with link-minded countries and de-risking, its policy of reducing reliance on China. The Commission, which oversees EU trade policy, has said the strategy, including the assessments, will be carried out with EU governments.

Persons: Philip Blenkinsop, Nick Macfie Organizations: European Union, EU, European Economic Security, European Commission, Commission, The, Thomson Locations: BRUSSELS, China, Ukraine, U.S, Russia, EU, Moscow, Brussels

☆ How surging trade with China is boosting Russia’s war
▼ + stars: | 2023-09-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +15 min

Mikhail Tereshchenko | Afp | Getty ImagesThe defense ministries of China and Russia did not respond to CNBC's request for comment on the trade flows. Trade of 'dual-use' goods spikesTotal bilateral trade between Russia and China hit a record high of $190 billion in 2022, up 30% from 2021. Semiconductor sales to Russia from China and Hong Kong more than doubled in 2022 as Western sanctions took hold. Meantime, construction equipment has played an "underappreciated" but significant role in China's contribution to Russia's war efforts, having helped bolster its defenses against Ukraine's counteroffensive, Joseph Webster, senior fellow at the Atlantic Council, said. The findings add to the growing list of Chinese goods and companies reported to be supplying Russia's military, including state-owned enterprises.

Persons: Vladimir Putin's, Mark Cancian, Vladimir Putin, Xi Jinping, Mikhail Tereshchenko, Wang Yi, China's, Putin, Li Shangfu, —, Qilai Shen, Antonia Hmaidi, Cancian, they've, Hong Kong Retekess, Legittelecom, It's, Silva, Hmaidi, Joseph Webster, Webster, that's, Ramzan Kadyrov, Russia's Organizations: CNBC, for Strategic, International Studies, Kremlin, Afp, Getty, Ukraine's Defense Ministry, Ukrainian Armed Forces, Bank of Finland's Institute, Emerging, Semiconductor, CNBC CNBC, Federal, Service, SZ DJI Technology, Robotics, Iflight, SZ, Technology, Bloomberg, Rostov, R Technology, Beijing KRnatural International Trade Co, Mercator Institute for China Studies Defense, Industry, Hong, Mercator Institute for China Studies, Moscow, ImportGenius, Ukraine's, Atlantic Council, Atlantic, U.S, China Taly Aviation Technologies, China Poly Technologies, EU, Beijing, National Security Council Locations: Ukraine, China, Washington, Russian, Moscow, Russia, Beijing, U.S, Kyiv, Hong Kong, Shenzhen, DJI, Liaoning, Shanghai, Berlin, Buryatia, Hubei, Korea, Pyongyang, Russia's, Amur, Chechen Republic, Qianwan, Qingdao Port, Shandong Province, deniability

☆ China's AI 'war of a hundred models' heads for a shakeout
▼ + stars: | 2023-09-21 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Additionally, companies have also announced dozens of "industry-specific LLMs" that link to their core model. However, investors and analysts say that most were yet to find viable business models, were too similar to each other and were now grappling with surging costs. Several other big name entrepreneurs and tech executives are behind new Chinese AI startups, such as Google China's former chief Kai-Fu Lee and Yan Juejie, a former vice-president of SenseTime (0020.HK). Others said that China's largest tech companies Alibaba, Tencent and Baidu ultimately had the biggest headstart and deep pockets to succeed, given their large user bases and wide range of services. For instance, they could easily offer generative AI services as an additional plug-in to their cloud users.

Persons: Baidu's, Robin Li, Ernie Bot, Tingshu Wang, OpenAI's, Esme Pau, Pau, Yuan Hongwei, Meta, Baichuan, Wang Xiaochuan, China's, Wang, Yuan, Kai, Fu Lee, Yan Juejie, SenseTime, Tony Tung, Tung, Josh Ye, Brenda Goh, Sam Holmes Organizations: Baidu, REUTERS, HK, Huawei, Nvidia, China, Macquarie Group, Y, Baichuan Intelligence, Inc, Sogou, Google, Partners, Thomson Locations: Beijing, China, HONG KONG, Alibaba, United States, Washington, Shenzhen

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