Howard Lutnick’s ‘offensive’ comments regarding Nvidia’s H20 chips upset China, according to a report.
On Thursday, a report highlighted concerns among Chinese authorities regarding remarks made by Howard Lutnick about Nvidia’s H20 computer chip. During an interview with CNBC on July 15, Lutnick minimized the significance of the Trump administration’s recent decision to lift additional export controls that would have restricted sales of the H20. “We don’t sell them […]
Our goal is to ensure China faces consequences for purchasing Russian oil, and the next focus is separating from minerals.
During an appearance on Fox Business Network’s Morning with Maria, former President Donald Trump stated his intention to hold China accountable for its oil purchases from Russia, particularly in relation to India’s purchasing decisions. Maria Bartiromo questioned whether Trump would truly hold China responsible given the intertwined supply chains, especially since China is heavily involved […]
China Considers Stablecoins Tied to the Yuan in Shift on Crypto Policy
China is reportedly mulling over the possibility of using the yuan to support various initiatives, some of which may seem rather outlandish. This information comes from a report by Reuters, which indicates a significant shift in China’s approach to digital currencies. It seems that the National Council, China’s Cabinet, might evaluate this roadmap later this […]
China Criticizes Swatch for ‘Slanted Eyes’ Advertisement
Swatch Apologizes for Controversial Ad in China On Saturday, Swatch, a Swiss watch company, created a stir with an advertisement featuring a model who used his fingers to pull back his eyes. Despite the model being Asian, many Chinese social media users found the ad offensive. The company addressed the situation via a post on […]
China Sends Foreign Minister to India in Search of Support Against Trump’s Aggressive Approach
China’s Foreign Minister Visits New Delhi China’s Foreign Minister concluded a short trip to New Delhi on Wednesday. High-level officials from India expressed optimism, stating that both nations will “strengthen confidence, move towards one another, overcome chaos, expand cooperation, and build positive momentum to enhance bilateral relations.” Over the last decade, maintaining amicable ties has […]
Get Ready Dollar Bulls, China Is Said to Be Looking at Its Own Yuan-Linked Stablecoins
China is gearing up to consider a stub coin that’s linked to its currency, which signals a notable shift from its earlier stance on digital assets. This seems to be part of a broader strategy to enhance the international usage of the yuan. What’s happening: The State Council is expected to evaluate this policy roadmap […]
Nvidia is creating advanced AI chips to sell to China.
Nvidia Develops New AI Chip for Chinese Market Nvidia is reportedly creating a new AI chip aimed at the Chinese market. This chip, known as B30A, is said to be less powerful than Nvidia’s flagship B300 Blackwell GPU, yet it surpasses the capabilities of the H20 chips that the US government currently allows for export. […]
China considers stablecoins backed by the yuan in a significant policy change
China Considers Yuan-Backed Stablecoins in Policy Shift China, known for its strict regulations on cryptocurrency, is reportedly contemplating a significant policy reversal regarding the Chinese yuan, specifically the introduction of yuan-backed stablecoins. According to sources, Chinese authorities may permit these stablecoins for the first time to enhance global adoption of the yuan. This information was […]
China to display large military forces and advanced weaponry at WW2 celebration
China Plans Large-Scale Military Parade to Mark WWII Anniversary Next month, China is set to organize a significant military parade in Beijing to mark the 80th anniversary of the surrender of Japan, signaling the end of World War II. This event will involve tens of thousands of participants and showcase advanced weaponry. The parade will […]
China limits AI use nationwide to stop kids from cheating, and the U.S. might take notes.
China’s AI Shutdown During Exam Week China is shutting down AI nationwide during exam week. This move reflects concerns from the Chinese Communist Party regarding the impact of artificial intelligence on youth engagement. President Xi Jinping appears to prefer a less AI-dependent approach for students compared to American ones, who often rely on AI to […]