Topic: #china
-
ByteDance, Alibaba disable AI agents as China enforces emotional AI rules
ByteDance and Alibaba are shutting down custom agent features in their consumer AI products ahead of new Chinese regulations targeting humanlike emotional interaction services, which take effect July 15. China is the first country to impose a dedicated regulatory framework for AI-driven emotional interaction.
-
China auctions 30-year bonds at 2.2% yield, lowest since November
China's Ministry of Finance sold 85 billion yuan of 30-year special treasury bonds at historically low yields, part of a broader 1.3 trillion yuan annual program analysts link to de-dollarization strategy and yuan internationalization.
-
China tightens offshore fundraising rules, straining local debt markets
China's National Development and Reform Commission has extended approval timelines for offshore bond quotas and restricted short-term LGFV issuances, creating headwinds for local government financing vehicles managing $35 billion in 2026 maturities.
-
China's Manufacturing PMI Expands to 50.3 as AI Exports Surge
China's manufacturing PMI hit 50.3 in June, beating forecasts, as exports of AI-related hardware surged 66.1% year-on-year. Yet the employment sub-index contracted, raising questions about job creation amid the export-driven boom.
-
China launches Tulong Feng AI as Anthropic restricts Mythos
Qihoo 360 unveiled Tulong Feng, a Chinese alternative to Anthropic's restricted cybersecurity AI, while Z.ai released an open-weight model that matches Claude's performance at a fraction of the cost.
-
China's industrial profits fall 13.1% in November, largest drop in 14 months
China's industrial profits fell 13.1% year-on-year in November, the largest monthly decline in 14 months. Weak demand and factory deflation are driving the slump, pushing Beijing toward fiscal stimulus in 2026.
-
Momenta Global tests Hong Kong IPO appetite this week at $9B valuation
Chinese autonomous-driving startup Momenta is gauging investor interest for a Hong Kong listing targeting roughly $1 billion in proceeds at a $9 billion valuation, following regulatory approval from China's CSRC on June 10.
-
China achieves mass production of ultra-pure silicon-28 for quantum computing
China's state nuclear agency announced the first independent mass production of silicon-28 with 99.99% isotopic purity, reducing quantum computing's reliance on Western suppliers and escalating the US-China tech rivalry.
-
China's SAFE allocates $5.3B in QDII quotas, largest since 2021
China's foreign exchange regulator allocated $5.3 billion in new QDII quotas to 78 financial institutions on April 1, the largest single expansion of the program since 2021, bringing total outstanding quota to approximately $176 billion.
-
China's April Retail Sales Growth Slumps to 0.2%, Missing Forecasts
China's April retail sales grew just 0.2% year-over-year, the weakest since December 2022, falling far short of the 2% economist consensus. HSBC slashed its full-year retail sales forecast nearly in half, to 2.8%, signaling deeper economic headwinds ahead.
-
Ant Group launches AI Wallet, Token Pay to challenge WeChat dominance
Ant Group rolled out AI Wallet and Token Pay on May 26, enabling autonomous transaction execution. Alipay's AI Pay reached 100 million active users by February 2026, processing 120 million AI-agent transactions in a single week.