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Caixin Global
Caixin Global

Business Brief (Aug. 20): China Opposes U.S. Pressure to Take Sides in AI Race

China opposes U.S. AI stance

China’s foreign ministry said it opposes forcing countries to take sides and engaging in bloc confrontation in the AI ecosystem, in response to U.S. demands for parties to choose sides in the China-U.S. AI ecosystem.

Beijing urged all parties to abandon zero-sum thinking, respect the digital sovereignty of all nations and work together to build a fair and reasonable global AI governance system.

Universal healthcare plan released

China has released its 15th Five-Year Plan for universal healthcare, targeting a multi-tiered medical insurance system by 2030.

The plan aims to stabilize hospitalization reimbursement rates at 80% for employees and 70% for residents and establish a comprehensive long-term care insurance system.

NEWS SUMMARY

China’s Ministry of Justice ruled that the EU’s investigation into JD.com under its Foreign Subsidies Regulation constitutes improper extraterritorial jurisdiction.

Tesla has launched ByteDance’s Doubao large language model in its vehicles in China.

Contact editor Lin Jinbing ([email protected])

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