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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 Concerns over China's local-level debt have long loomed large in international discourse, with a mountain of 'hidden' debt viewed as a 'ticking time bomb' that threatens to trigger a cascade of defaults while posing a risk to financial stability. China's exports continued to accelerate in July as a fall in shipments to the United States was offset by growth in a range of markets including Africa, Europe and Latin America, with chip exports surging by nearly 30 per cent year on year. A study in China focused on 'motherless' genes has revealed clues about uniquely human traits, such as intelligence, as well as our susceptibility to certain diseases. Photo: Shutterstock A genetic study in China that could have major implications for human evolution – and cancer research – has shown that a special type of recently evolved gene can be sequestered by cancerous tumours to fuel their growth.
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China aims for its brain-computer interface firms to rival Elon Musk's Neuralink
Chinese brain-computer interface (BCI) companies, such as Nanjing Panda Electronics and MicroPort NeuroScientific, are benefiting from supportive policies, as the country vows to develop 'two or three' global players in the sector by 2030 to compete with US entrepreneur Elon Musk's Neuralink. In a document released on July 30 by seven ministries, including the Ministry of Industry and Information Technology, China outlined its goal to achieve breakthroughs in key BCI technologies by 2027. The plan includes establishing an advanced technology system and an industrial framework. While the government did not specify which companies it would support, its target of creating 'two to three leading players' has generated excitement among investors. In addition, policymakers aimed to nurture numerous 'little giants' and 'unicorns', underscoring its commitment to developing BCI technology into a robust industry. In Hong Kong, shares of Nanjing Panda Electronics jumped over 19 per cent on Thursday, while MicroPort NeuroScientific rose 8 per cent. In Shanghai, Xiangyu Medical gained more than 11 per cent, and Jiangsu Apon Medical Technology increased nearly 8.5 per cent. Elon Musk stands next to the surgical robot during a Neuralink presentation in 2020. Photo: AFP China's initiative represents a significant government endorsement of BCI technology. Cities and universities across the nation are conducting BCI-related clinical trials, while hospitals in Beijing and Shenzhen opened BCI wards in the first half of this year.
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Trump demands CEO of US chipmaker Intel resign ‘immediately'.
US President Donald Trump demanded on Thursday that the new boss of US chipmaker Intel resign 'immediately,' after a Republican Senator raised national security concerns over his links to firms in China. 'The CEO of Intel is highly conflicted and must resign, immediately. There is no other solution to this problem,' Trump posted on his Truth Social platform, a day after Senator Tom Cotton said he had written to Intel questioning ties between CEO Lip-Bu Tan and Chinese firms. Tan 'reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People's Liberation Army', Cotton wrote in his letter, a copy of which he posted on his website. Intel's CEO Lip-Bu Tan took the helm at struggling Intel in March, announcing lay-offs as White House tariffs and export restrictions muddied the market. Photo: Reuters Cotton also noted Tan's role as the previous head of Cadence Design Systems, which he said recently 'pleaded guilty to illegally selling its products to a Chinese military university and transferring its technology to an associated Chinese semiconductor company without obtaining licences'. Tan was head of the company at that time, Cotton said. The Malaysia-born tech industry veteran took the helm at struggling Intel in March, announcing lay-offs as White House tariffs and export restrictions muddied the market. He has said it 'won't be easy' to overcome the challenges faced by the company.
