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State banks restrict lending to Russia

Although China rejects Western sanctions against Moscow, Chinese state banks continue to restrict their cooperation with Russian clients to avoid becoming the target of new US secondary sanctions themselves.

By Redaktion Table

catl

CATL builds new battery factory in Beijing

Beijing has attracted battery giant CATL to the city: The company plans to build an EV battery plant this year. The capital hopes to strengthen the local EV supply chain.

By Redaktion Table

HANGZHOU, CHINA - MARCH 16: Signs of ERNIE Bot and Baidu are seen on screens on March 16, 2023 in Hangzhou, Zhejiang Province of China. ERNIE Bot, a chatbot regarded as Chinese ChatGPT, is officially launched on March 16. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx VCG111427482285

Baidu denies ties to military research

Search engine provider Baidu has denied a media report that linked its AI chatbot Ernie to Chinese military research. Ernie was reportedly used to simulate a US attack on Libya.

By Carolyn Braun

Pacific nations discuss maritime security in Nanjing

Around 30 Pacific littoral states are preparing for the biennial Western Pacific Naval Symposium in Nanjing. The main aim is to provide an update on conflict avoidance in the event of unexpected maritime encounters.

By Christiane Kuehl

byd

BYD plans billion investment in smart cars

BYD plans to invest billions in smart vehicles and announces the launch of its Denza brand in Europe for late 2024. Yangwang and Cheng Bao are also to be launched on the international market – probably under a different name.

By Redaktion Table

Halbleiter

China acquired Nvidia chips despite US export ban

China has apparently managed to circumvent the US export ban and acquired chips manufactured by the US company Nvidia for use in military facilities. Nvidia assures that it has complied with all applicable export regulations.

By Felix Lee

Taiwan

Nauru severs ties with Taiwan

Another blow for Taiwan's foreign policy: A few days after the presidential election, the Pacific nation of Nauru severed diplomatic ties with the country.

By Michael Radunski