Semafor China

JPMorgan restricts Anthropic in Hong Kong JPMorgan Chase reportedly cut off its Hong Kong employees’ access to Anthropic’s AI models, faced with pressure from both the US government and Anthropic itself. The White House, citing national security concerns, blocked all foreign nati

EU eyes unified China approach The EU is increasingly united on the need for a tough approach to China. Europe has long been nervous about cheap, state subsidized Chinese goods undermining the continent’s manufacturing industries. Paris has led efforts to respond, calling for new

Chinese retail sales fall while industrial output rises China’s economic imbalance worsened in May as retail sales fell at the fastest pace in years, while industrial output accelerated, new data showed. Analysts have long warned that the world’s second largest economy is increas

A SpaceX Falcon Heavy rocket lifts off carrying a NASA spacecraft to investigate the Psyche asteroid from the Kennedy Space Center in Cape Canaveral, Florida, The US is aiming for the stars again. To win its superpower competition with China, that may be its best bet. Last week’s

China gig economy fears grow as AI threatens jobs China’s gig economy has absorbed many of the country’s millions of unemployed people, though experts questioned its capacity to take in new workers. More than 200 million people are flexibly employed in the world’s second largest

China is betting on medical tourism boom China is a growing hub for medical tourism, offering cutting edge procedures cheaper than Western patients can access at home. An infusion of CAR T cancer immunotherapy costs up to $475,000 in the US; in China, as little as $150,000. China

China scolds e commerce giants Chinese regulators accused leading e commerce platforms of misleading marketing tactics ahead of 618, the country’s second largest annual shopping bonanza. The scolding dented shares of Alibaba and JD.com and came weeks after regulators told the com

Rising trade barriers could reshape China’s clean tech investments China’s main way of serving overseas markets is, by a wide margin, exports, but rising trade barriers may leave the country with little choice but to expand its investments in foreign countries’ clean tech manufac

Chinese investors want in on US IPOs Ordinary Chinese investors are turning to digital assets to skirt Beijing’s rules and bet on big US IPOs like SpaceX and OpenAI. The workaround involves cryptocurrency that purportedly has exposure to the underlying stocks, the Financial Times

China’s $300 billion plan to build more data centers China is looking to spend nearly $300 billion over the next five years to build more data centers across the country, as Beijing strives to gain ground on the US in the AI race. The government wants to construct a network of “c