US-China trade talks begin, Egypt’s new capital project: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.

1. US and China begin crunch trade talks in London amid simmering tensions

Top economic officials from China and the United States have kick-started a crucial round of trade talks in London, as the world watches closely to see if the two sides can agree to roll back their “chokehold” controls over critical minerals and advanced technologies.

2. Beyond 1s and 0s: China starts mass production of world’s first non-binary AI chip

China has initiated the world’s first large-scale application of non-binary AI chips, integrating its proprietary hybrid computing technology into critical sectors including aviation and industrial systems.

3. Ahead of US-China talks, China’s rare earth trade data from May shows leverage in action

Workers transport soil containing rare earth elements for export at a port in China’s Jiangsu province. Photo: Reuters
Workers transport soil containing rare earth elements for export at a port in China’s Jiangsu province. Photo: Reuters

In a reflection of Beijing’s ability to quickly leverage its dominance over the critical-mineral supply chain, the value of rare earth elements exported by China last month plunged by nearly half compared with a year prior.

  

Read More

Leave a Reply