US President Donald Trump’s green light for Nvidia to sell H200 artificial intelligence (AI) chips in China signals a calculated shift to export older technology, according to analysts who see the move as aiming to fortify the US market share while dampening China’s urgency for self-reliance. But some predict an ongoing policy tug of war in the US between advocates of this week’s relaxation and those who prefer continued tight restrictions on hi-tech gear shipped to China. Trump said on Monday...

China’s artificial intelligence developers are expected to welcome Washington’s go-ahead for Nvidia to ship its H200 AI chips to approved customers on the mainland, according to analysts, even as Beijing continues to drive the country’s tech self-sufficiency efforts. In a post on his Truth Social platform on Monday, US President Donald Trump said he had informed his Chinese counterpart, Xi Jinping, of that decision “under conditions that allow for continued strong national security”. Xi had...

A prominent economist has dismissed the “China threat” phenomenon as a “complete mislabelling”, arguing that the country has instead supported the global diffusion of technology by significantly lowering costs through production at scale. Speaking at a summit on Tuesday, Jin Keyu – a professor of finance at the Hong Kong University of Science and Technology – also said China’s proposals for its next five-year plan indicate Beijing recognises the need to rebalance its economy and better harmonise...

Beijing and Tokyo’s war of words over Taiwan was expected to be bad news for Japanese businesses in China. Previous diplomatic flare-ups have brought waves of online vitriol, protests and boycotts. But at a Japanese-invested luxury department store in China’s eastern Zhejiang province, the outlet’s executives seemed largely unruffled. They are already well versed in riding out tense political situations. The billion-dollar project – which is operated by a major Japanese retail group – had a...

International and Chinese consumer brands will be forced to maintain a low-price strategy in mainland China amid persistent deflationary pressures, while looking to lower-tier cities and emerging sales channels for growth, according to a study by global consultancy Bain & Co and market research firm Kantar Worldpanel. Companies in the fast-moving consumer goods (FMCG) sector would need to respond quickly to new market trends with a focus on product affordability to increase sales volume, said...

More than six decades after British historian AJP Taylor termed war the “mother of invention”, economies around the world appear to be ramping up their military spending, at least in part, to reinvigorate industrial production. Taylor was referring to the genesis of the tank, the aeroplane and poison gas in World War I, and that of radar, the jet engine and the atomic bomb in World War II. More modern examples, such as satellite-based navigation systems and the internet, were the products of the...

Beijing pressed German carmakers to help resolve disputes over the European Union’s anti-subsidy tariffs on Chinese electric vehicles and the Nexperia semiconductor saga, in separate video meetings on Monday. Vice-Minister of Commerce Ling Ji made the appeal to German industry leaders, seeking to leverage their influence in Brussels. Ling spoke with Hildegard Mueller, president of the German Association of the Automotive Industry (VDA), and Ola Kallenius, president of the European Automobile...