See The High-Profile Guests Who Attended the Trump-Xi Dinner—Billionaire business leaders and U.S. officials attended the White House festivities
@chiquiesteban@meridithmcgraw
@Lingling_Wei Still, the losses don’t vanish. “Ultimately,” he said, “the losses must still be absorbed somewhere in the economy through higher taxes, lower returns to households … or some combination of these.”
@michaelxpettis
How Chinese AI Firms Tried to Clone U.S. AI Models—New allegations of how DeepSeek and Moonshot tried to ‘distill’ Anthropic’s Claude come in a threat report highlighting dangerous biological queries
@bobmcmillan@AmrithRamkumar
Huawei Profit Slumps by a Third on R&D Expenses, Raw-Material Costs—Its research-and-development spending rose 25% from the previous year
@ivy_jiahuihuang
Scott Bessent to Reuters: “The world cannot have a China with a $1.2 trillion trade surplus…They need to rebalance their economy…The rest of the world is going to have to examine their terms of trade with China.”
Fields Medal winner Yu Deng to @LiYuan6: “If I were making the decision in China today,” he said, “I would think much more carefully about whether to come to the United States.”
.@DSORennie: “Lots of countries have toxic politicians. Taiwan’s stand out for…irresponsibility. The blame is not evenly distributed…Lai is stubborn and does not consult KMT moderates…But the opposition has triggered a rolling constitutional crisis.”
One group that doesn’t want the Iran war to end soon is China’s electric-vehicle makers. They began the year with a glut of EVs on their hands and weak demand at home. The crisis in the Middle East is helping them export their way out of trouble.
China’s DeepSeek Prepares to List Shares in Shanghai Next Year—AI developer needs more funds for costly research in race with Anthropic and other U.S. companies
@raffaelehuang
The Economist: “Brazilians are going gaga for Chinese brands…Affluent Brazilians drive cars made by BYD, use phones made by Huawei, watch televisions produced by Hisense, order meals with 99Food, a delivery app, and shop online at Shopee.”
“How a Crypto Exchange Became a Major Hub for Illicit Iranian Cash…Haipo Yang, a former Tencent engineer who runs one of the world’s largest bitcoin mining pools, launched CoinEx from Hong Kong in 2017.”
“Xi Jinping’s June 8 visit to Pyongyang left denuclearization unmentioned, suggesting that Beijing no longer asks Pyongyang to surrender its weapons…Beijing has stopped discussing nuclear issues on the Korean peninsula in public statements.”
InSilico Is on a Mission: Be No. 1 in China, Create ‘God Drug’ With AI—“The best way to compete with China is to compete in China. Otherwise, you’re going to lose the biggest market that the world will ever see.”
@jasonchau9903
.@dylanloh: “The retreat of wolf warriorism as a stylistic mode does not mean its underlying logic has dissolved. Many of these assertive diplomatic practices predate Xi Jinping, and many will outlast him.”
U.S. Bans Polestar, Chinese-Owned EV Maker, From Selling Cars in the U.S.—Government rule prohibiting Chinese software in cars results in Polestar bowing out of U.S. market
@ryanfelton
The Economist: “Perhaps more surprising is that there are new entrants to the crowded Chinese EV market at all. No fewer than 143 EV brands sold at least one car last year…Even so, 23 new EV brands were launched while just nine were halted.”
“Realization is growing across the world that the Trump administration…has spent blood, bombs, money, and years of diplomacy on a war it did not need to fight and handed the strategic windfall to a country that never fired a single shot: China.”
“While having too few people often means there isn’t enough talent to choose from, having too many has its own drawbacks. The number of players that a country’s professional leagues can support.”
@SixthTone
Reuters: Chinese cybersecurity firm 360 Security Technology has developed what it calls a domestic answer to Anthropic's Mythos, it said on Wednesday, casting the U.S. model as a strategic cyber capability that China could not afford to lack.