China Sanctions Former Philippine Senator as Tensions Swell
The move was announced by China's Foreign Ministry on Tuesday, who accused Tolentino of improper behavior on issues related to China.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
36 minutes ago
- Miami Herald
Australian PM Albanese meets Chinese President Xi in Beijing
July 15 (UPI) -- Australian Prime Minister Anthony Albanese met with Chinese President Xi Jinping Tuesday in Beijing as part of a nearly week-long trip intended to strengthen ties between the two nations. "Australia's relationship with China is important," said Albanese in an X post Tuesday. "For our economy, our security, and the stability of our region." In a joint press conference, President Xi said Tuesday that "with joint efforts from both sides, the China-Australia relationship has rose from the setback and turned around, bringing tangible benefits to the Chinese and Australian peoples." Xi was not specific about what that "setback" was, as the two nations have had strained moments over the past several years, such as issues related to the Chinese company that operates Australia's Port of Darwin, trade sanctions levied against Canberra starting in 2020 and a live fire exercise held by the Chinese navy off Australia's east coast earlier this year, among others. "The Chinese side is ready to work with the Australian side to push the bilateral relationship further and make greater progress so as to bring better benefits to our two peoples," said Xi before ceding the floor to Albanese. "Australia values our relationship with China and will continue to approach it in a calm and consistent manner, guided by our national interest, which we regard very much as the relationship being positive, which is just that," Albanese said. "It is in our national interest, and indeed in the interest of the region as well." He also took part in a CEO roundtable Tuesday, which focused on developing business relationships and growth opportunities. "Free and open trade is good for both the Australian and Chinese economies, businesses and people," said Albanese in another X post Tuesday. Albanese, along with a delegation of Australian businesspeople, first arrived in Shanghai on Saturday to firm a variety of ways the two countries can economically help each other. "One in four of Australian jobs is dependent upon our exports and overwhelmingly by far the largest destination for Australian exports is right here in China," he said Sunday. Albanese is next slated to visit the city of Chengdu on Wednesday to focus on ties between Australia and China in regard to sports and medical technology and will also pay a visit to the Great Wall. Copyright 2025 UPI News Corporation. All Rights Reserved.
Fast Company
41 minutes ago
- Fast Company
Nvidia is set to resume sales of its AI chips to China. Here's who's on the ‘whitelist' of buyers
Chinese firms are scrambling to buy Nvidia's H20 artificial intelligence chips, two sources told Reuters, as the company said it planned to resume sales to the mainland days after its CEO met U.S. President Donald Trump. Nvidia's AI chips have been a key focus of U.S. export controls designed to keep the most advanced chips out of Chinese hands over national security concerns. The U.S.-listed company has said the curbs would cut its revenue by $15 billion. The world's most valuable firm is filing applications with the U.S. government to resume sales to China of the H20 graphics processing unit (GPU), and expects to get the licences soon, Nvidia said in a statement. 'The U.S. government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon,' said the company, whose chief executive, Jensen Huang, is visiting Beijing and set to speak at an event on Wednesday. The White House, which has previously expressed concern that the Chinese military could use AI chips to develop weapons, did not respond to a request for comment. Chinese companies have scrambled to place orders for the chips, which Nvidia would then need to send to the U.S. government for approval, the sources familiar with the matter said. They added that internet giants ByteDance and Tencent are in the process of submitting applications. Central to the process is a 'whitelist' put together by Nvidia for Chinese companies to register for potential purchases, one of the sources said. ByteDance and Tencent did not respond to a request for comment. Nvidia did not respond to a request for comment regarding the 'whitelist'. Nvidia, which has criticised the export curbs the Trump administration imposed in April that stopped it from selling its H20 chip in China, also said it has introduced a new model tailored to meet regulatory rules in the Chinese market. Huang is set for a media briefing in Beijing on Wednesday when he attends a supply chain expo. The Nvidia CEO also visited China in April and stressed the importance of the Chinese market. 'The Chinese market is massive, dynamic, and highly innovative, and it's also home to many AI researchers,' Huang told Chinese state broadcaster CCTV on Tuesday. 'Therefore, it is indeed crucial for American companies to establish roots in the Chinese market.' Nvidia's shares jumped 5% in premarket trading. Rival AI chipmaker AMD, which has forecast a $1.5 billion revenue hit this year due to U.S. export curbs on China, rose more than 3%. 'This is a major catalyst for Nvidia shares, as many had written off the chance of any meaningful revenue coming from China,' said Matt Britzman, senior equity analyst, Hargreaves Lansdown. Asked at a regular foreign ministry briefing in Beijing about Nvidia's plans to resume AI chip sales, a spokesperson said, 'China is opposed to the politicisation, instrumentalisation and weaponisation of science, technology and economic and trade issues to maliciously blockade and suppress China.' SUPPLY CHAIN Nvidia has faced increased competition from Chinese tech giant Huawei and other makers of GPUs — the chips used to train artificial intelligence. But Chinese companies, including big tech firms, still crave Nvidia chips for its computing platform known as CUDA. Huang's visit is being closely watched in both China and the United States, where a bipartisan pair of senators last week sent the CEO a letter asking him to abstain from meeting companies working with military or intelligence bodies. The senators also asked Huang to refrain from meeting with entities named on the United States' restricted export list. The move to resume sales of the H20 chips comes amid easing tensions between Washington and Beijing, with China relaxing controls on rare earth exports and the United States allowing chip design software services to restart in China. 'The uncertainties between the U.S. and China remain high and despite a pause in H20's ban, Chinese companies will continue to diversify their options to better protect their supply chain integrity,' said He Hui, research director of semiconductors at Omdia. The H20 chip was developed specifically for the Chinese market after U.S. export curbs imposed on national security grounds in late 2023. The AI chip was Nvidia's most powerful legally available product in China until it was effectively banned by Washington in April. The H20 ban forced Nvidia to write off $5.5 billion in inventories, and Huang told the Stratechery podcast that the company also had to walk away from $15 billion in sales. But now, the possibility of new licenses could represent about $15 billion to $20 billion in additional revenue this year, depending on when the approval is granted and how quick the deliveries can ramp back up, said Hargreaves' Britzman. 'There's also a chance Nvidia can reverse some, or all, of the $5.5 billion impairment charge taken in the first quarter, providing a double boost for earnings.' Nvidia also announced the development of a new AI chip designed specifically for China, called the RTX Pro GPU. The company described it as 'fully compliant' with U.S. export controls and suitable for digital twin AI applications in sectors, such as smart factories and logistics. In May, Reuters reported Nvidia was preparing to launch in China a new AI chip, based on the RTX Pro 6000D, at a significantly lower price point than the H20. The graphics processing unit would be part of Nvidia's latest generation Blackwell-architecture AI processors and was expected to be priced well below the H20 for its weaker specifications and simpler manufacturing requirements, sources said. China generated $17 billion in revenue for Nvidia in the fiscal year ending January 26, or 13% of total sales, based on its latest annual report. Huang has consistently highlighted China as a critical market for Nvidia's growth.
News24
an hour ago
- News24
Hong Kong leader backs same-sex rights bill, despite criticism from the pro-Beijing politicians
Hong Kong leader John Lee supports a bill recognising limited rights for same-sex couples. His administration proposed legislation to recognise some rights for same-sex partners. But the proposal drew near-universal criticism from the pro-Beijing politicians. Hong Kong leader John Lee threw his weight behind a bill recognising limited rights for same-sex couples on Tuesday, despite fears that opposition from pro-Beijing parties could sink it. Lee's administration proposed legislation this month to recognise some rights for same-sex partners whose marriages are registered abroad. Despite LGBTQ activists arguing it does not go far enough, the proposal drew near-universal criticism from the pro-Beijing politicians that dominate Hong Kong's legislature. The clash pitted Lee against conservative lawmakers from his own camp and led some to fear the proposal might be pulled. The city's top court ordered Hong Kong's government to create an 'alternative framework' for LGBTQ couples when it quashed a bid to recognise same-sex marriage in 2023. Lee said on Tuesday the government 'must not act in violation' of the Court of Final Appeal's judgement. 'Otherwise, it will be against the rule of law... Violating the rule of law will mean serious consequences,' he told reporters. The government will respect the legislature's final decision, he added. In 2023, the court unanimously defined marriage as 'confined to opposite-sex couples' - a stance Lee reiterated on Tuesday. LGBTQ activists say the bill - which only covers 'rights related to medical matters' and 'right to handle after-death arrangements' - fails to satisfy the court's framework requirements. Chan Long Hei/Pacific Press/LightRocket via Getty Images China is not among the countries around the world that have legalised marriage equality since the Netherlands became the first to do so in 2001. Hong Kong is a special administrative region of China with its own legislature and a mini-constitution that guarantees a 'high degree of autonomy'. Pro-Beijing firebrand lawmaker Junius Ho earlier floated the idea of asking Beijing's top legislature to overrule Hong Kong's apex court to 'protect traditional family values'. Support for same-sex marriage in Hong Kong has grown over the past decade and hit 60%, according to a 2023 survey.
