CHINA TECHNOLOGY COMPETITION
The man in the leather jacket is gone, but new risk haunts AI firms
Jensen Huang abruptly resigned as Nvidia CEO after 33 years following reports of extramarital affairs, including one with a suspected Chinese intelligence asset. CFO Colette Kress is interim CEO. Huang’s exit exposes severe "key person risk" and geopolitical vulnerabilities across the AI industry, highlighting the dangers of concentrating sensitive technological knowledge, political influence, and leadership in single founders.
At China’s big import fair, sellers try to crack a tough market
At the China International Import Expo in Shanghai, a plethora of international firms exhibited their products tailored for the growing Chinese consumer market. Emphasizing the importance of cutting-edge technology and skilled craftsmanship, businesses recognize the fierce local competition, with Chinese manufacturers enhancing their capabilities.
China's passenger car exports surge in October as domestic demand remains weak
China experienced a significant increase in car exports in October, primarily driven by electric vehicle demand. The country exported approximately 927,000 passenger vehicles, reflecting a 62.3 percent growth compared to last year. In contrast, domestic passenger vehicle sales fell to about 1.7 million units following months of decline. Analysts predict exports could exceed 10 million vehicles, while domestic sales may drop to 18.5 million in 2026.
Japanese automaker Nissan reduces red ink, vows to return to profit for full year
Nissan Motor Co. has reported a reduced loss of 39.7 billion yen in the first half of the fiscal year. The automaker's sales increased by 8.8% to 6.07 trillion yen due to favorable exchange rates and pricing strategies. Significant challenges remain in the Chinese market, along with increased raw material costs from Middle Eastern unrest.
Volkswagen's China EV venture has no new models planned for next two years, sources say
The launch of Volkswagen's ID. UNYX series in China has resulted in lackluster sales for its electric vehicle joint venture. With no new models planned for 2027 or 2028, consumer interest is dwindling. As the market in China contracts, Volkswagen finds itself in a tough position. They are strategizing to streamline operations and potentially roll out fresh models to regain their competitive edge in this evolving landscape.
China is building inside Europe's trade walls, deepening its grip on critical industries
(The opinions expressed here are those of the author, the director of the Geoeconomics Program of the Center for the Study of Democracy)- China doesn't
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Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
China's Singles Day shopping festival puts AI selling power to the test
If you are looking for evidence of how enthusiastically China is adopting AI, look no further than the country's premier month-long Singles Day shopping festival.
US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent says
The United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology's risks while competing for AI supremacy, US Treasury Secretary Scott
'We work for America, not the global order': Marco Rubio asserts US' 1st stance on China and trilateral engagement
Addressing the core friction between Washington and Beijing, Secretary Rubio emphasised that major power competition is an inevitable reality driven by competing national systems, on the sidelines of the G7 Foreign Ministers Meeting held in Paris, France.
China's trade surplus surpasses $1 trillion for a 2nd straight year, as exports surge 35%
Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
US-China AI race could face financial setbacks, mass layoffs over next three years: Report
The report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach and the US market-driven model.
Kiss your wife goodnight: Donald Trump says he threatened to arrest unnamed top AI executive
US President Donald Trump revealed he issued a serious threat to an unnamed AI executive regarding security issues. After receiving intelligence about risk from an AI firm, he intervened directly with a warning of imminent arrest. Trump emphasized the need for American technological dominance in the face of competition from China and expressed a willingness to work with Democrats on regulations.
China’s high-tech ports push raises global trade ambitions, sparks security concerns
China is expanding its global maritime influence through AI-powered automated ports, smart shipping technologies and digital infrastructure. While these innovations promise greater efficiency, Western governments fear growing dependence on Chinese systems could create security vulnerabilities, geopolitical leverage and risks to critical global supply chains and international trade networks
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
From streaming to software, microdrama startups rewrite their growth pitch
Peak XV Partners-backed Dashverse has discontinued its consumer platform DashReels and is looking to raise $30-40 million, largely for Frameo AI, its video production software for businesses. Eloelo, which raised $80 million this week led by Hornbill Capital and NBCUniversal, is investing in Dolphin AI, its new production suite, alongside content creation and international expansion.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
China dismisses 'Chinese spy' narrative in Nvidia CEO Jensen Huang probe; calls it 'unsubstantiated'
Nvidia CEO Jensen Huang is being investigated for possible ties to a Chinese intelligence operation. China dismissed the claims as unsubstantiated during a recent foreign ministry briefing. The investigation follows allegations that Huang shared information with a suspected Chinese intelligence asset. Nvidia is working with an independent committee to assess the situation. The firm's board remains confident that national security and company secrets are not compromised.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
Jensen Huang-Alice Huang relationship under scrutiny: Who is defending the Nvidia CEO and who is raising questions?
Nvidia Corporation's board announced an independent investigation into CEO Jensen Huang after infidelity allegations surfaced. Huang admitted his unfaithfulness while maintaining the allegations about connections to espionage are unverified. Several business leaders supported Huang, emphasizing the need to separate personal issues from potential national security concerns.
Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?
Alice Huang, a Chinese entrepreneur, is under scrutiny for alleged connections to the Ministry of State Security in China. US intelligence suspects she could have obtained confidential insights about Nvidia's CEO, Jensen Huang, raising questions about her impact on Nvidia's chip sales. As a precaution, Nvidia's board has begun evaluating its relationship with Huang and her enterprise amidst growing concerns over China's tech ambitions.
Donald Trump was reportedly briefed a year ago that a suspected Chinese spy was close to Nvidia's CEO, but why was Jensen Huang never told?
According to media reports, US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). Alice had developed a close professional relationship with Jensen through her work in the AI and data centre industry. Their alleged relationship attracted intelligence attention because Nvidia's technology is central to the US-China competition over artificial intelligence.
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expansion. The intervention highlights Beijing’s growing scrutiny of cross-border deals involving strategically important technologies.
Hong Kong stocks jump 3%, China shares edge higher as tech stocks rally
Hong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Tencent drove gains, while mainland Chinese equities advanced modestly. Energy stocks tumbled as crude oil prices plunged on hopes of easing geopolitical tensions.
BMW Q3 profit falls 15% as China competition weighs
BMW reported a 15% year-on-year decline in third-quarter net profit to 1.45 billion euros, a day after issuing its second profit warning of 2026. Intensifying competition from Chinese automakers, rising costs and weaker demand in China are weighing on the German luxury carmaker. Its vehicle deliveries in China plunged 24.8% during the quarter, while global deliveries fell 6.3%.
SK Hynix's New York chip plans hit snag over US restrictions on China, sources say
SK Hynix is seeking US export licenses to equip its Dalian plant, arguing that increased production there would help fund its planned US expansion. But the Commerce Department has yet to approve the new licenses, the people said. Its Solidigm unit plans to invest about $45 billion and build two NAND plants in Marcy, New York, two people said, with investment potentially reaching about $100 billion over time. NAND is memory that retains data even when power is turned off and is used for storage in data centers.
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
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