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The Latest Breaking News from China

China puts AI 'robocops' on traffic duty; one 'Superman' robot claims to be faster than Usain Bolt

China is putting robots to work in real-world policing, with a traffic-control machine in Hangzhou now issuing warnings to motorists and pedestrians. Meanwhile, another Chinese robotics firm has unveiled a humanoid machine whose claimed top speed exceeds Usain Bolt’s 100-metre world-record pace.

The Times of India

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

Beijing condemns EU subsidy probe into JD.com, Tesla integrates ByteDance’s AI model in China

Caixin Global

China’s Car Market Slumps At Home As Exports Jump

Shrinking demand in China and a surge of low-cost EV exports are forcing Toyota, Volkswagen and Detroit brands to rethink future lineups worldwide.

Motor1

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'So Bad It's Good': 'Terrible' Chinese Animated Film Niu Lai Becomes Box Office Hit and Antidote to AI Slop

Niu Lai has gone from a mocked low-budget Chinese animation to a viral box-office hit, with its handmade style winning audiences amid growing concerns over AI-generated content.

International Business Times UK

Coal India plans Singapore trading hub in hunt for critical mineral assets: Sources

Coal India is establishing its first overseas trading office in Singapore. This move aims to diversify into trading iron ore and critical minerals. The company is evaluating opportunities in Africa, Chile, and Canada for mineral assets. Efforts are underway to reduce dependence on China for essential resources. This expansion supports…

The Economic Times

Evergrande’s rise and fall: A timeline of China’s property crisis

Evergrande founder Xu Jiayin received a life sentence and massive fines, marking a dramatic turn. The developer's collapse highlights ongoing challenges within China's struggling property sector. Beijing's efforts aim to contain the crisis and prevent wider economic instability. New home prices continue to fall, reflecting persistent weakness in demand. Policymakers…

The Economic Times

How a low-budget fever dream sparked a Chinese box office revolt

The indie animated film 'Niu Lai' has captured the hearts of audiences across China, achieving unforeseen box-office success. About an endearing baby cow, this low-budget production has inspired a surge of merchandise sales. Its success stems from its heartfelt authenticity, steering clear of excessive marketing tactics, thus resonating with viewers…

The Economic Times

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China sentences Evergrande founder Hui Ka Yan to life in prison for financial crimes

Hui Ka Yan, the founder of Evergrande, was sentenced to life imprisonment due to financial misconduct. In addition, the court mandated the confiscation of his assets and imposed fines on Evergrande. Hui admitted guilt regarding charges of fraud and fund misuse. The company had accumulated enormous debts and subsequently defaulted,…

The Times of India

India may lose $270 bn manufacturing GDP by 2035, $1 tn by 2047 without frontier tech: Report

India could miss a USD 5.1 trillion manufacturing GDP by 2047. Advanced manufacturing and frontier technologies are key to unlocking this potential. AI, automation, and digitisation will drive significant growth. India lags behind the US and China in deep-tech and semiconductor leadership. Adopting new technologies can add USD 1.1 trillion…

The Economic Times

Elon Musk Says China Is ‘By Far’ Strongest AI Competitor, Echoing 2011 Warning as SPCX Faces New Rocket Rival

Elon Musk said China is "by far" the strongest competitor in artificial intelligence, extending a warning he made 15 years ago that Beijing would ultimately become Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) most important rival in rocket technology.

Benzinga

Global Market: China, Hong Kong stocks rebound as healthcare and tech shares rally

China and Hong Kong stocks rebounded on Thursday, led by healthcare and technology shares, after a sharp selloff in the previous session. Fresh share buyback announcements also supported sentiment, while gains in South Korea and Japan helped broader Asian markets recover. Investors remained cautious amid heightened volatility.

The Economic Times

China replaces traffic police with robocops: Wheeled robot warns helmetless riders and monitors traffic

A Chinese technology company is testing robot traffic officers in Hangzhou to automate repetitive road-monitoring duties. Reuters reported that the machines can detect helmetless riding, traffic violations and pedestrians crossing against signals, while also answering questions and connecting users with police. SUPCON says dozens are already deployed, though the company’s…

The Economic Times

The 20 reforms that could take India to a $20 trillion economy by 2036: Report

India could reach a $20 trillion economy by 2036 with broad reforms. A 20-point agenda covers infrastructure, capital markets, and human capital development. Services sector growth is crucial, aiming for over 65% of the economy. Productivity and innovation require increased research and development spending. Sustained execution across multiple areas will…

The Economic Times

China showcases next‑gen humanoid robots as US curbs push firms abroad

At the World Robot Conference in Beijing on 19 August, more than 300 companies displayed humanoid, industrial and service robots, highlighting the sector’s push into factories and commercial settings.

Euronews

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France 24

Founder of Chinese real estate giant Evergrande Xu Jiayin sentenced to life

The founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm's collapse shook the nation's economy and financial markets.

The Economic Times

China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga ends

China Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and assets. Evergrande and its subsidiary Hengda Real Estate faced substantial fines. Five other senior executives received prison terms and fines. This sentencing concludes a significant chapter in…

The Economic Times

China boosts imports of Russian crude, stymieing India's refiners

China's growing demand for Russian crude oil is impacting India's supply. India's imports from Russia's European ports have significantly decreased recently. This shift means India struggles to replace its reduced Russian oil volumes. Consequently, India's total crude imports have reached their lowest point since the conflict. This situation could worsen…

The Economic Times

Robots poised for 'ChatGPT moment,' Unitree CEO says

The global AI boom that has reshaped the world ‌economy was sparked in ⁠late 2022 ⁠by ChatGPT's breakthrough large language model, a watershed moment that drove mass adoption. No comparable inflection point has yet emerged for world models, the physical AI simulation systems designed to help robots understand and navigate…

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Medical Daily

A Prized Market Mushroom Makes People See Tiny Marching Figures, and Nobody Can Find the Chemical

DNA sequencing linked identical visions of tiny people in China and the Philippines to a single mushroom that contains no known hallucinogens.

Benzinga

Trump Says US is the 'Hottest Country' and CLARITY Act Will Keep it Ahead Of China — Bitcoin Purchase 'Been Talked About'

President Donald Trump reiterated on Wednesday his commitment to preserve the U.S. leadership in Bitcoin (CRYPTO: BTC), cryptocurrency and prediction markets.

The Independent UK

What to know about the trial of former Tiananmen vigil organizers before a verdict

Two activists who organized Hong Kong's annual Tiananmen Square vigil are likely to hear a verdict in their case brought under a China-imposed national security law

Fortune

Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton

Eurasia Group counselor Dominic Barton says corporate leaders can no longer treat geopolitics as a boardroom sideshow amid tariffs and new restrictions.

The Economic Times

China's youth jobless rate rises to 17.9% amid record influx of graduates, economic slowdown

China's youth unemployment reached 17.9 percent in July, a significant increase. A record 12.7 million graduates entered a struggling job market this year. Economic slowdown and automation are contributing factors to this job crunch. Many graduates are pursuing further studies or public sector jobs for security. The government is implementing…

The Economic Times

India must turn Chinese investment into trade leverage

India grapples with a persistent trade imbalance with China, a significant structural challenge. Embracing Chinese investment presents a strategic chance to recalibrate this economic dynamic. This strategy seeks to cultivate mutual dependence and fortify India's interests. As India diversifies its trading partners and investment avenues, pragmatic policies can draw Chinese…

The Guardian - US

Is the US actually too chicken to take on China for trade?

A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports

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