Year: 2025

A corruption investigation into Wang Jianjun, a well-known deputy at China’s top securities regulatory body, has sent a new round of shock waves through the country’s financial sector. Advertisement The top political disciplinary and anti-corruption body, the Central Commission for Discipline Inspection (CCDI), said on Wednesday that Wang, 57, was suspected of “serious violations of discipline and laws” – a standard euphemism for corruption. In this position, which he held since 2021, Wang, oversaw financial institutions, market and bond regulations. He previously spent more than five years at the Shenzhen…

US President Donald Trump says there is “a very good chance” of reaching a trade deal with China, even as his own trade envoy acknowledged just hours earlier that no tariff discussions are taking place between Washington and Beijing. Advertisement “Will we make a deal? There’s a very good chance we’re going to make a deal … and it [is] got to be fair,” Trump told US cable channel NewsNation on Wednesday. “We were ripped off by China, we were ripped off by everybody, but really by China. They were…

One in four non-Asian Americans regard Chinese-Americans as a potential threat, especially related to national security, while four in 10 fear that Asian-Americans have greater allegiance to their countries of origin than to the United States, according to a poll released on Thursday. Advertisement The results from an Asian American Foundation survey come as US-China relations plummet and add to concerns in the diverse community about the ability to assimilate at a time of growing social tension. “The poll underscores a troubling and ongoing disconnect between how Asian-Americans are perceived…

India has long been viewed as an important player in China’s efforts to woo Global South economies, but that might soon change. Advertisement India’s forthcoming trade deal with the United States and its intensifying conflict with Pakistan could hamper a recovery in ties between New Delhi and Beijing – potentially complicating China’s broader push to win over the developing world, according to analysts. Pradeep Taneja, senior lecturer in Asian studies at the University of Melbourne, noted that China’s ties with India, which had been marked by clashes along their shared…

China will hold off on entering serious trade talks with the US while it waits to see which of Donald Trump’s advisers will have his ear and how other countries will respond to the 90-day pause on tariffs, according to sources. Advertisement The Trump administration was “too divided” and China was in no rush to negotiate an end to the tariff deadlock that Washington initiated, according to a source familiar with the situation. “There is no clear sign which clique will win,” the source said, referring to the various camps…

Advertisement “China boasts abundant data resources, a comprehensive industrial system, and vast market potential, providing a promising outlook for the development of AI,” Xi was quoted as saying by state news agency Xinhua during his visit on Tuesday. Launched in September 2023 after just 38 days of construction, the SMC – located in Shanghai’s Xuhui district, near the Huangpu River – is focused on enterprises involved in the development of foundational AI models. More than 100 companies have joined since the centre commenced operations, according to the SMC, showing the…

Advertisement Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the desired output. Alibaba’s latest AI models showed that Chinese companies have significantly closed the gap with US firms, while the pace of innovation is expected to continue in spite of US export restrictions on…