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The drop in imports does not bode well for exports in the coming months, as just under a third of China's imports are parts for re-export, particularly in the electronics sector.
Worry about AI hallucinations reached their peak in May this year after Google rolled-out its much-anticipated chatbot Gemini — which soon gained notoriety for ridiculous outputs
Authorities in China approved 7.1m tons of new steelmaking capacity in the first half, but it was all cleaner scrap-based electric arc furnace projects, researchers say. Meanwhile, the US has imposed tariffs on Chinese steel imported via Mexico
TSMC, which is the world's largest contract chipmaker, has been one of the top beneficiaries of soaring demand for AI-capable chips
The tendency of AI machines to invent facts, sources and details may prove a serious problem and cause it to have few viable outcomes, one analyst has warned
Six-month inquiry by a Chinese industry group will assess if Chinese firms lost business in Europe due to invesigations carried out by Brussels
Exports were up by 23.5% from a year earlier to $39.9 billion – its eighth consecutive monthly rise, the finance ministry said on Tuesday
A joint report led by the Australian Cyber Security Centre said China's APT40 hackers are regularly targeting private and state networks, to steal passwords and usernames
CEO of Europe's top chip-equipment maker says the auto industry needs a lot more chips that are made using simpler, long-known technologies
Sales of passenger vehicles totalled 1.78 million in June, down 6.9% from last year, but exports were up 28% and sales of plug-in hybrids rose by 67%
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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