- China’s Commerce Ministry on Wednesday said non-economic factors were growing and interfering with trade.
- “Companies say some countries’ politicization of trade has forced orders and production to move out, damaging the economic interests of both suppliers and buyers,” an official said in Mandarin, via a CNBC translation.
- The ministry also said its head has met with more than 20 visiting executives of foreign companies this year.
Read More at cnbc.com
- Chinese President Xi Jinping said China must build a "solid" security barrier around its internet under the supervision of the ruling Communist Party, in his latest call to safeguard online data and information.
- China must persist in managing, operating and ensuring access to the internet in accordance with the law, Xi said in instructions delivered to officials attending a two-day cybersecurity meeting in Beijing that ended on Saturday.
Read More at reuters.com
- Chinese regulators on Thursday said it finalized first-of-its-kind rules governing generative artificial intelligence as it looks to ramp up oversight of the rapidly-growing technology.
- The powerful Cyberspace Administration of China (CAC) said it worked with several other regulators to come up with the new regulation that will come into effect on Aug. 15.
- Generative AI is a fast-growing area of technology in which artificial intelligence services are able to generate content such as text or images.
Read More at cnbc.com
- Apple on Tuesday launched an online store on Tencent’s WeChat messaging app in China.
- Users can purchase the full line of Apple products, including the latest iPhone 14 range, through the Mini Program, Tencent said in a statement.
- WeChat is China’s biggest messaging platform with over 1.2 billion users and opens another retail channel for Apple.
Read More at cnbc.com
- China is restricting exports of two niche metals — germanium and gallium — that are key to manufacture electronics and semiconductors, as the tech battle with the U.S. and Europe heats up.
- Germanium is used in fiber optic products and night-vision goggles, while gallium is a critical material for semiconductors.
- China produces 60% of the world’s germanium and 80% of gallium, according to the Critical Raw Materials Alliance, an industry body.
Read More at cnbc.com
