News about China

At the World Artificial Intelligence Conference (WAIC) in Shanghai, held from July 17 to 20, China announced the creation of an international alliance in the field of artificial intelligence, focused primarily on countries in the Global South.

The release of an AI model by the Chinese startup Moonshot—which, according to the company, is on par with leading models from OpenAI and Anthropic—sent the stock prices of the world’s largest companies plummeting.

In a 25-minute address to the nation, U.S. President Donald Trump revealed shocking vulnerabilities in the country’s electoral system and cited declassified intelligence reports which, in particular, indicates that China has gained access to the data of 220 million American voters.

The European Union (EU) is developing a special financial mechanism to reduce its economic dependence on China.

China and Moldova have enormous potential for future cooperation, and Moldova is ready to work closely with China to develop and strengthen a mutually beneficial partnership between the two countries. This was stated by Mihai Popșoi, Deputy Prime Minister and Minister of Foreign Affairs of Moldova.

Chinese authorities are considering restricting foreign users’ access to cutting-edge Chinese artificial intelligence models. This issue has been discussed over the past month during meetings between representatives of the Ministry of Commerce of the People’s Republic of China and the country’s largest technology companies.

Moldova’s leadership intends to finally recognize the Chinese market as strategically important for the country and to actively increase exports of domestic products to China.

In the EU, packages containing goods valued at less than €150 will no longer be eligible for the de minimis exemption—a provision that exempted very inexpensive shipments from customs duties and was actively used by platforms such as Temu and Shein.

The plane crashed into one of the upper floors of CITIC Tower—Beijing’s tallest building, also known as China Zun.

Chinese Premier Li Qiang stated that global governance of artificial intelligence must be strengthened. He warned that the absence of effective regulations could lead to an increase in technological risks and a loss of control over the development of new systems.

In response to the expansion of the blacklist compiled by the Pentagon—which includes Chinese giants such as Alibaba, Baidu, and BYD—Beijing has imposed trade restrictions on ten U.S. companies.

Elon Musk doesn’t do anything on a whim. He retweeted a post by a X user named Rothmus that analyzes the “green transition” in China and Europe (primarily in Germany).

Georgian authorities have selected a company to provide school uniforms for hundreds of thousands of students across the country following the reinstatement of a mandatory dress code in public schools.

China is developing a digital payment system to compete with the dollar. The mBridge cross-border payment platform has received support from the central banks of Hong Kong, Thailand, the UAE, and Saudi Arabia. The project aims to reduce dependence on the dollar and strengthen Beijing’s ties with trading partners under the Belt and Road Initiative.

In the UK, researchers have determined how popular kitchen appliances can “work” for China.

The aggressive expansion of Chinese marketplaces has led to a shortage of cargo planes on key global routes.

According to estimates by the analytical firms Vortexa, Kpler, and Energy Aspects, approximately 1 million barrels of oil per day will be drawn from reserves in the coming months.

China’s Hangzhou has a new architectural landmark. The Hangzhou Prism mixed-use complex, an unusual skyscraper 106.5 meters high that offers a fresh take on the usual typology of glass high-rises, has been completed here.

Ahead of the June 18 EU summit, a number of members led by France are pushing for a tougher line on Beijing, warning that Chinese overproduction and cheap exports are undermining the European economy.

The measures were in response to the announcement by Japan and the Philippines to begin negotiations on the delineation of maritime zones east of Taiwan.