World News by Wild Rose

The United States and China are in regular talks to iron out details of a framework announced last month for handling AI-related incidents and institutionalising bilateral dialogue, multiple sources told the South China Morning Post. The technical teams of the two countries aim to make AI cooperation a potential deliverable when presidents Xi Jinping and Donald Trump meet on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen next month – their third face-to-face...

The world is on the cusp of a “China shock 3.0” driven by exports of artificial intelligence (AI), biotechnology and robots, which could hit harder than the current wave, a leading economist on China has said. “We are already at the starting point of the China shock 3.0,” Alicia Garcia-Herrero, a senior fellow at Brussels-based think tank Bruegel and chief economist for Asia-Pacific at investment bank Natixis, told the South China Morning Post from Taipei after a virtual panel hosted by the...

US Defence Secretary Pete Hegseth has called a nearly US$1.5 trillion defence budget request “absolutely critical”, warning that whoever falls behind in autonomy, robotics and AI will fall “even further behind” as Washington eyes China’s rapid military modernisation. Speaking at a panel discussion during the Association of the United States Army (AUSA) Annual Meeting and Exposition on Wednesday, Hegseth said that Project Agincourt, the Pentagon’s initiative to accelerate drone and autonomous...

Be warned. The global economy is likely to experience a recession next year. War across the Middle East is set to escalate, wrecking energy supplies for many years, even as the artificial intelligence (AI) bubble is ripe to burst. This, however, would also create an energy leadership opportunity for China. High energy prices already fuel demand for Chinese renewable energy products and electric vehicles. But as a leader in building coal-fired power plants, China can also offer the global market...

Where Europe stands after trade talks with China.

The Yemeni government has spoken with Beijing about the Houthis’ alleged attempts to utilise Chinese-made technology for weapons, a Yemeni minister said on Wednesday, as the two sides’ long-running civil war escalates. “The Chinese are partners and we have discussed with them about, you know, the use of dual products,” Foreign Minister Afrah al-Zouba said in response to an Agence France-Presse question about reports the Iran-backed group was trying to secure Chinese components to help...

Tokyo, Oct. 14 (Jiji Press)--Chinese fighter jets took off from and landed at the country's Liaoning aircraft carrier Wednesday after the vessel sailed between the main island of Japan's southernmost prefecture of Okinawa and Okinawa's Miyako Island, the Japanese Defense Ministry's Joint Staff said. The Chinese navy said earlier on Wednesday that the Liaoning has headed for the western Paci...

Leaders of the EU’s 27 member states will instruct Brussels to “urgently” come up with new weapons to counter the imbalances they believe are caused by China’s economic policies, at a meeting in the Belgian capital on Thursday. The instruction – part of a draft statement being negotiated ahead of this week’s European Council summit – comes after the European Union and China reached a surprise deal in Beijing last week that will cap the number of Chinese hybrid cars imported to the bloc at...

Dutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year, after seeing shipments to the market more than double during the previous quarter despite mounting US pressure for tighter export restrictions on less advanced chipmaking machinery. The company’s sales to China surged 109 per cent in the third quarter compared with the previous three months, according to financial results released on Wednesday. That took China’s share of ASML’s...

Zambia said Chinese buyers of its copper exports will start paying for some of their metal purchases in renminbi from next year, part of a growing move among African nations to use the Chinese currency instead of the dollar.

Premier Li Qiang said on Wednesday that China stands ready to import more high-quality goods, particularly high-value-added products, as part of efforts to promote more balanced trade. Li made the pledge at a symposium for the autumn session of the biannual Canton Fair, China’s largest foreign trade exhibition. The nearly three-week-long event officially opens on Thursday, with more than 32,000 exhibitors and 210,000 overseas buyers registered in advance. “International trade is not merely...