Page 14 - China

Microsoft builds strong AI presence in China by selling OpenAI models

Social media and AI giant ByteDance Ltd. has generally been Microsoft's biggest AI customer in recent years, largely using OpenAI models

China's industrial output rises 4.5% in May but retail sales contract

The reading beat expectations of a 4.3 per centincrease in a Reuters poll

China's retail sales fall for first time since 2022 as consumption slows

Retail sales, a key gauge of consumption, slid 0.6 per cent in May, reversing April's 0.2 per cent rise and below the estimated 0.0 per cent, the first monthly fall since December 2022

China's challenge to US tech supremacy grows as AI race reshapes rivalry

Geopolitical tensions and the US steps to keep China from catching up in AI and in chip technology has created two distinct worlds

China issues new rules for financial services data in cybersecurity push

Cybersecurity regulator says sector data will be classified into four levels based on importance, sensitivity and potential harm from leaks

China condemns US move to blacklist major tech firms over military links

The list includes a broad swathe of China's top technology firms key to advancing Beijing's military and industrial prowess, reflecting Washington's security concerns

Gold demand in India slightly improves as prices slip; China premiums ease

Gold prices in India ​dropped to their lowest since April 2 at ₹146,444 per 10 grams ‌on Thursday, and are down 1.5 per cent for the week so far

China lures foreign patients with cutting-edge, low-cost medical care

China is pushing to upgrade its economy and reshape its global image from just a manufacturing hub into a provider of high-value services, and demand for medical tourism is surging

China exports surge 19.4% in May as exporters rush orders, ride AI wave

Exports expanded 19.4 per cent from a year earlier in U.S. dollar value terms, customs data showed on Tuesday, outpacing the 14.1 per cent gain in April and a 15 per cent rise tipped by economists

Xi Jinping hails 'new start' in ties ahead of summit with Kim Jong Un

China's ‌unwavering policy is to develop ties with the ​North and both will strengthen exchanges in all ​areas, Xi Jinping said ahead of his visit

China's global ecommerce push slows as Iran war lifts costs, weakens demand

The business models, based on flying $5 dresses from Chinese factories to shoppers, were already under pressure after Trump introduced tariffs and axed customs waivers on low-value parcels last year

Indian firms got less govt support than Chinese peers in 2005-24: Report

Indian firms received significantly lower government support than their Chinese counterparts during 2005-2024, according to an OECD (Organisation for Economic Co-operation and Development) report. OECD MAGIC Database of Industrial Subsidies measures what firms actually receive (not what governments disclose), covering 525 of the world's largest manufacturers across 15 key sectors over 2005-24, through three instruments: grants, income-tax concessions, and below-market borrowings (cheap state-bank loans). "Between 2005 and 2024, Chinese firms received on average three to eight times more government support than firms based in the OECD, a conservative estimate. These subsidies were also considerably higher than the support received by firms based in non-OECD economies such as Brazil, India, and Indonesia," the report said. This reflects one of the key factors behind China's manufacturing competitiveness. The OECD is an inter-governmental body comprising 38 mostly advanced economies t

China puts EVs on a diet as battery boom makes cars heavier: Report

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago

India seeks a more 'vibrant' Colombo Security Conclave as China looms

Beijing has convened the China-Indian Ocean Forum since 2021. India is not a member of the forum

North Korea's Kim Jong Un showcases new warship ahead of Xi Jinping's visit

North Korean leader Kim Jong Un observed sea trials of a new warship repaired after a failed launch last year and vowed to accelerate efforts to build a nuclear-armed navy, state media said on Saturday, showcasing his expanding military capabilities ahead of a visit by Chinese leader Xi Jinping. North Korea's official Korean Central News Agency said Kim visited the 5,000-ton destroyer Kang Kon on Thursday as it underwent capability tests. Photos released by the agency showed him accompanied by his increasingly prominent teenage daughter, believed to be named Kim Ju Ae, whom South Korean officials say may be being groomed as his successor. Kim Jong Un called for "rapidly developing" naval forces capable of playing a larger role in the country's nuclear deterrent and dealing a "deadly blow at the enemy any moment under the water or on the water," KCNA said. He said the navy was a key focus of a new five-year defense plan approved at a ruling party congress earlier this year, which he

China fully supports India in its work as Brics chair, says Amb Xu Feihong

Chinese envoy Feihong said China fully supports India in its work as the Brics chair and stands ready to work together with India to steer the high-quality development of both Brics and SCO