Day: September 17, 2025

Huawei Technologies on Thursday unveiled hardware that it said could deliver world-class computing power without using Nvidia’s advanced chips, in a breakthrough that could potentially break the supply chokehold that constrains China’s aspirations in artificial intelligence. Advertisement The Shenzhen-based telecommunications equipment giant’s high-profile disclosure came just a day before a scheduled phone call between President Xi Jinping and his US counterpart Donald Trump, as Beijing seeks to minimise US export restrictions while pursuing a policy of self-reliance in technology. Huawei said it had developed the “world’s most powerful” supernode computing…

After the US Federal Reserve delivered its first interest rate cut of the year, analysts said China’s central bank was likely to proceed with only moderate easing this year, despite more room being available after the Fed’s move. Advertisement On Thursday morning, the People’s Bank of China (PBOC) set the yuan’s midpoint rate – also known as the daily fixing rate – at 7.1085, down from 7.1013 on Wednesday. The move followed the Fed’s announcement on Wednesday of a widely expected 25 basis point cut to its benchmark borrowing rate…

Advertisement During his 30-minute keynote speech Dong addressed key issues, including Taiwan, the South China Sea and China’s take on regional blocs by US allies. China’s annual security and defence dialogue, the Xiangshan Forum, opened on Thursday. Photo: AP 1. Historical memory and 9/18 anniversary Dong opened by marking the 918 Incident, urging nations to “never forget the lessons of war” and to oppose any resurgence of hegemonism or bullying. 2. Taiwan Advertisement “Taiwan’s return is an integral part of the post-war order,” Dong said, vowing that the PLA would…

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Chinese capital is this week hosting the country’s most important annual defence conference, the Beijing Xiangshan Forum. More than 100 defence officials, including participants from the United States, Russia, the European Union and Southeast Asia, are expected to attend the event. Chinese Defence Minister Dong Jun is addressing the forum. Reporting by Zhao Ziwen and Dewey Sim South China Morning Post

Hong Kong’s de facto central bank cut the city’s base rate for the first time this year, bringing down the cost of funding to help reboot businesses and reduce the burden on mortgage borrowers. Advertisement The Hong Kong Monetary Authority (HKMA) reduced the city’s base rate by a quarter point to 4.5 per cent on Thursday, matching the US Federal Reserve’s cut hours earlier to its target rate, which fell to the range of 4 per cent to 4.25 per cent during the sixth meeting of the Federal Open Market…

The head of the world’s trade watchdog has delivered an upbeat take on US President Donald Trump’s unilateral tariffs – one of the biggest shocks to the global trading system since its emergence after the Second World War – casting the disruptions as a chance to cut supply imbalances, open new markets and spur “reglobalisation”. Advertisement A little over six months since Trump began slapping new levies on America’s trading partners, WTO Director-General Ngozi Okonjo-Iweala said on Wednesday that nearly three-quarters of global commerce remained governed by WTO rules, despite…