China
China’s inflation split widens as AI, Iran war stir up factory prices
Producer inflation has accelerated to 3.9% from a year
China taps commercial oil stockpiles to help weather Gulf shock
Analytics companies expect inventory draws to average about one million barrels a day in the coming months
China Inc deploys ‘quiet’ layoffs as Beijing promotes AI adoption
Citibank estimates that 9.6 per cent of all Chinese jobs - roughly 70 million - are at high risk of AI-driven displacement
Taiwan eyes curbs on AI chip sales to China to align with US
Leaders in Taipei have already expressed discomfort restricting an industry that’s made Taiwan the world’s fifth-largest stock market
Once deemed a costly failure, industrial policy is making a return – led by China
A shift in governments’ attitudes towards state intervention is inaugurating a new era of economic planning
Chinese hackers pose biggest espionage threat to tech firms, CrowdStrike says
North Korea’s hacking campaigns also “posed a major threat”
China’s trade imbalance with EU swells with imports in new slump
Exports to the EU grows 7.6%, China’s trade surplus with the bloc widens slightly to stay above US$30 billion
China export growth beats forecasts in May on AI boom, Gulf war stockpiling
But beyond artificial intelligence, there are signs of strain in other sectors that suggest momentum may be starting to fade
China prepares two trillion yuan plan to fund nationwide AI build-out
Key government agencies are drafting a blueprint to erect a network of interconnected computing hubs across the country
Why Europe’s tariff plans on China won’t solve its trade problem
Imposing trade levies on China will hurt the region’s supply chains without fixing its deeper export issues
