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Jul 19

China Says Foreign Trade Faces 'Extremely Severe' Situation

  • 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.
Jul 16

Xi Jinping Calls For 'Solid' Security Barrier Around China's Internet

  • 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.
Jul 13

China Finalizes First-Of-Its-Kind Rules Governing Generative AI Services

  • 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.
Jul 11

Apple Launches Online Store On China's Giant WeChat Messaging App

  • 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.
Jul 07

China Curbs Exports Of Metals Critical To Chips And Other Tech

  • 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.