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Tech war: China creates US$8.2 billion AI investment fund amid tightened US trade controls

The new AI fund’s scope of business includes general equity investment and asset management, according to the registry service, which…

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New Business

Opinion | China can’t rely on technology as a panacea for economic recovery

Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below…

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Tech

Tech war: Beijing sets up US$1.2 billion semiconductor fund as China splurges on chips

The Beijing municipal government has set up a new semiconductor investment fund, as China ramps up support for its chip…

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Tech

Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions

In the first seven months of 2024, chip imports totalled 308.1 billion units, worth about US$212 billion, according to data…

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