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CHINESE YUAN NEWS
China prepares $295 billion plan to fund nationwide AI buildout: ReportNational Development and Reform Commission is among key government agencies drafting a blueprint to build a network of inter-connected co...- DeepSeek close to sealing $7 billion funding in historic AI dealChinese AI startup DeepSeek is nearing a massive $7.4 billion funding round, with tech giants Tencent and CATL leading the investment. Deep...
- Man uses wheat flour to look like Nvidia's Jensen Huang and now has thousands of followers on social mediaA young man from rural China has become an internet sensation impersonating Nvidia CEO Jensen Huang. Yang Yang gained tens of thousands of ...
- Chinese celebrity dog 'Chutou' with over a million followers kidnapped while owner was abroad, sold to meat restaurant and eatenA celebrity dog, Chutou, owned by a travel influencer in China, was allegedly stolen and slaughtered for meat. The incident highlights the ...
- China bets on AI to promote President Xi Jinping's thinkingThe project, known as "Xinhua Yudian," meaning Xinhua lexicon, is "an intelligent agent for learning, researching, and disseminating Xi Ji...
- China's ex-train driver, who “doesn’t speak English” makes an AI film in 10 days using $440; Hollywood filmmaker wants to hire himA former train driver, Liu Ziyu, gained international acclaim for his AI-generated short film, 'Zombie Scavenger,' created in just 10 days ...
- 'America would never...': China mall hosts ‘secretly eat in class’ contest and 2,000 adults showed upA Chinese shopping mall hosted a unique competition where over 2,000 participants raced to eat a bowl of rice soup in a mock classroom sett...
- Deep under China's coal basins, PetroChina is unlocking gas from rocksChina is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar...
- China's yuan hits 3-year high, stocks retreat, as investors await details from Trump-Xi summitChina's yuan reached a three-year high against the dollar as investors awaited outcomes from the Xi-Trump summit. While stock markets saw p...
- Not just US dollar, Indian rupee has tanked up to 25% across 9 major currencies in 1 yearThe Indian rupee has seen a significant decline against most global currencies, not just the US dollar. This broad-based weakness is driven...
- Chinese firm shuts Gwadar plant in Pakistan, lays off workers amid lossesA Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehb...
- AI can't steal your job! A China twist can avert AI jobs apocalypseA Hangzhou court has set a precedent, ruling that companies cannot use AI automation as a blanket justification for firing workers. The dec...
- Rupee extends losing streak as Iran war jitters lift oil to $100The Indian rupee fell for the third consecutive session on Wednesday, as optimism about an end to the Iran war remained muted despite the U...
- China seeks to rein in risks from AI 'digital humans'China is introducing new rules for its booming digital human industry. These AI avatars, which look and sound like real people, are used fo...
- Xi's $270 billion Middle East bet limits China support for IranChina's substantial investments across the Middle East, particularly in green tech and tourism, are now jeopardized by regional conflict. D...
- Dollar strengthens as confidence recovers, Fed hike bets trimmedThe dollar held its ground in Asian trading as investors assessed de-escalation prospects in the U.S.-Iran conflict and scaled back expecta...
- US Dollar vs Chinese Yuan: Donald Trump's tenure to witness currency war?Donald Trump's tariff proposal has raised apprehensions over possible trade war.
- The Chinese Yuan’s Appreciation: Implications for the Indian rupeeThe yuan’s recent rally can largely be attributed to the softening of the US dollar. The dollar's slide was sparked by several factors, inc...
- Strong yuan will benefit all economies, say economistsA stronger Chinese yuan would be beneficial to the global economy as well as China, an International Monetary Fund (IMF) consultant and oth...
- Yuan talksA revaluation of the yuan is unlikely to work any miracles for China.
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