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🟡 Semafor China: The luxury of time
China’s exports soar, low domestic consumption weighs on the economy, Beijing’s renews its oil appetite, and Shein gets IPO green light.
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Spain welcomes Chinese EVs
Spain is deepening its embrace of the Chinese car industry even as other European powers call for protectionist measures to shield local automakers.
Maxim Shemetov/File Photo/Reuters
Chinese chip giant’s growing ambitions
Chinese chip giant CXMT is poised to go public in Asia’s largest market debut of the year, as it benefits from intense demand for memory.
Dado Ruvic/Illustration/File Photo/Reuters
US grapples with rise of Chinese open-source AI
Palantir’s chief technology officer said the Chinese technology poses an economic threat to the US.
Evelyn Hockstein/Reuters
China reports lowest quarterly growth in more than three years
The world second-biggest economy expanded 4.3% in Q2, as the Iran war, lackluster domestic demand, and a lingering real estate slump weighed on growth.
Maxim Shemetov/Reuters
Xi steps up corruption purge
The Chinese Communist Party purged another top official Tuesday, as Xi Jinping intensifies his anti-corruption drive.
Ma Xingrui. Tingshu Wang/Reuters
DeepSeek reportedly weighs IPO amid zeal for Chinese low-cost tech
The AI powerhouse is also said to be considering raising new funds, weeks after completing its first financing round.
Florence Lo/Reuters
Shein gets regulatory green light for IPO
The fast-fashion juggernaut is targeting a $40 billion IPO as soon as August.
Chinese solar firms divest from US
More than half of Chinese clean-tech investments in the US announced since 2022 have been canceled, paused, or delayed.
Zhipu AI bucks Hong Kong tech rout
Chinese AI lab Zhipu is bucking a tech-stock rout in Hong Kong and the mainland, helped by its focus on building AI that rivals human intelligence.
China exports hit record highs
Soaring fuel prices, sparked by the Iran war, helped green tech exports surge by a third in the first half of the year.
Chinese tech founder on US curbs: ‘It just sucks’
Chinese flying camera company HOVERAir’s CEO said that American regulators’ and politicians’ fear of Chinese tech is hampering business.
The man who stole a golf course
A golf club stands as a reminder of Xi’s muddled, contradictory — and ultimately doomed — efforts to clean up a corruption mess.
US, China ramp up mineral investments
China and the US are ramping up dual pushes to use state funds to bolster mineral supply chains.
South China Sea feud simmers 10 years after ruling
China on Sunday blasted a US-led coalition that marked the 10-year anniversary of an international arbitration ruling rejecting Beijing’s claim over vast portions of the South China Sea.
China mulls curbing foreign access to its AI models
Such a move could raise costs for many US businesses that have become dependent on cheap Chinese AI.
Russia-China effort targets Starlink
Russia and China are seeking the capability to disable and eventually destroy Elon Musk’s Starlink satellite network, an investigation found, as the allies deepen their clandestine military cooperation.
US, China space ventures raise capital
Commercial space ventures in the US and China are tapping broader pools of capital as the superpowers vie for dominance in a fierce space race.
Chinese cities rank higher on ‘liveability’ index
Four of the five fastest-rising cities in the index were in China, led by Fuzhou — a 9-million-person city in the country’s southeast.