Latest news with #Beijing
South China Morning Post
8 minutes ago
- Business
- South China Morning Post
Nvidia CEO Jensen Huang praises China's AI progress following chip sales approval
Read more about this: Nvidia's co-founder and CEO Jensen Huang lauded China's progress in open source artificial intelligence and said it was a 'catalyst for global progress' that was 'giving every country and industry a chance to join the AI revolution.' Huang pledged to work with Chinese companies, as the chip designer driving the growth of AI resumes shipping its sought-after chips to the country after getting US government approval. He was speaking on July 16, 2025 during the opening ceremony of the China International Supply Chain Expo in Beijing.
SBS Australia
9 minutes ago
- Politics
- SBS Australia
China authorities say Australia opposes Taiwan's independence
China authorities say Australia opposes Taiwan's independence – Anthony Albanese reacts Published 16 July 2025, 9:14 am The Prime Minister has travelled to the Great Wall of China, to declare it's in the national interest for Australia to have a positive relationship with Beijing. After eight hours of official meetings with the highest level authorities in the one-party state, the interpretations of some critical issues appear to diverge. SBS understands Anthony Albanese did reaffirm Australia's endorsement of the long-standing status quo policy on Taiwan but did not state direct opposition to Taiwan's independence, which is how Chinese State authorities reported the meeting.
NHK
37 minutes ago
- Politics
- NHK
Returned Japanese detainee recalls painful ordeal in China
A Japanese man who returned home after being imprisoned for espionage in China for six years says one of the worst things was not knowing what was going on. Suzuki Hideji was detained in Beijing in 2016 on suspicion of endangering national security. He maintained his innocence during the ordeal. But a Chinese court ruled he had been involved in spying, handing down a six-year sentence. Suzuki said there was lack of transparency throughout the process. Suzuki says, "The reality is that you don't know when you will be taken into custody, or for what reason." He added that the process needs to be transparent during such an experience, and human rights need to be respected. He also said the independence of the judiciary and the rule of law should be promoted. Suzuki added that one of the most important things is for the Japanese government to get its citizens released quickly. Suzuki expressed the view that the foreign ministry should set up a special section to specialize in crisis management. He said, "It is important to give people a sense of security and trust by doing so. It is also important that the Japanese prime minister requests that China's President Xi Jinping release the detainees." Suzuki said the current system under Xi Jinping emphasizes national security, and that close monitoring of foreigners will continue.
Al Jazeera
37 minutes ago
- Business
- Al Jazeera
‘Catalyst for progress': Nvidia CEO hails China's AI at Beijing expo
Nvidia CEO Jensen Huang has called China's open-source artificial intelligence a 'catalyst for global progress' and says it is 'revolutionising' supply chains. In a speech during Wednesday's opening ceremony of the China International Supply Chain Expo in Beijing, Huang – whose firm last week became the first to touch $4 trillion in market value – hailed China's role in pioneering AI, describing Chinese AI startup DeepSeek as 'giving every country and industry a chance to join the AI revolution'. Huang made the comments a day after Nvidia announced it will resume sales of its H20 AI chips to China after the United States government pledged to remove licensing restrictions that had halted exports. 'AI is transforming every industry from scientific research and healthcare to energy, transportation and logistics,' said Huang, who also praised China's 'super-fast' innovation, powered by its 'researchers, developers and entrepreneurs'. The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to Washington's concerns that Beijing could use them to enhance its military capabilities. Nvidia developed the H20 – a less powerful version of its AI processing units – specifically for export to China. However, that plan stalled when US President Donald Trump's administration tightened export licensing requirements in April. 'Huang says he's now free to sell to the Chinese market thanks to negotiations with China on trade,' Al Jazeera's Katrina Yu said, reporting from Beijing. 'The Trump administration has confirmed that in exchange for rare earths, it will allow the chip to now be sold into China.' 'The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,' the company said in a statement on Tuesday, adding that it was 'filing applications to sell the Nvidia H20 GPU again'. Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU, which would also be compliant with US export restrictions. The announcement from Nvidia boosted tech firm stocks around the world with Wall Street's Nasdaq Composite index rising to another record high and stocks in Hong Kong also rallying. The tightened US export curbs were imposed as China's economy wavers. Domestic consumers are reluctant to spend, and a prolonged property sector crisis is weighing on growth. President Xi Jinping has called for greater self-reliance in the face of increasing external uncertainty. 'China is really fashioning itself as a champion for free trade and this global supply chain expo is about positioning China as a crucial part of that global logistic infrastructure,' Yu said. 'Beijing is trying to make a statement, and that statement is unlike the Trump administration would have the world believe – China is not replaceable' as evidenced by the roughly 650 companies from 60 countries represented at the expo.
Yahoo
an hour ago
- Business
- Yahoo
Australia nears breakthrough canola deal with China, sources say
(Refiles story to add bullets) By Peter Hobson and Ella Cao CANBERRA/BEIJING (Reuters) -Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade. China, the world's largest canola importer, sources nearly all of its imports from Canada but those supplies could be limited by an anti-dumping probe Beijing is conducting. China imposed 100% tariffs on Canadian canola meal and oil this year amid strained diplomatic ties. Australia, the second-largest canola exporter, has been shut out of the Chinese market since 2020, mainly due to Chinese rules to stop the spread of fungal plant disease, but the trial cargoes could reopen trade and reduce Canada's market share. Chinese and Australian officials are finalising a framework to address Beijing's phytosanitary requirements aimed at preventing the spread of blackleg disease, according to two Australian agriculture industry sources briefed on the negotiations. "It looks like we've found a pathway that works for everyone," said one of the sources. "Now we need to run a few ships and see if it all works." The five trial cargoes will be handled by trading companies once the framework is agreed, the sources said. Two trading company sources familiar with the negotiations said the shipments would carry between 150,000 and 250,000 metric tons of Australian canola, also known as rapeseed, to China. The sources declined to be named as they were not authorised to speak publicly on the matter. In response to a query from Reuters, Australia's agriculture ministry said: "This is an active and ongoing government-government discussion and details have not yet been finalised." China's Ministry of Commerce and General Administration of Customs did not immediately respond to a request for comment. China has bought an average of 4 million metric tons of canola, worth over $2 billion, each year for the last five years, for use in cooking oil, renewable fuels, and animal feed. Australian Prime Minister Anthony Albanese is currently visiting China, underscoring a warming of ties since his Labor government won power in 2022. The planned shipments follow smaller test deliveries last year, when Australia exported 500 tons of canola to China in both June and July 2024, according to Australian trade data. The negotiations have focused on addressing China's requirement that canola shipments contain less than 1% admixture — impurities such as chaff and broken seeds - and its concerns of blackleg contamination, the two sources briefed on the talks said. Unlike Canadian exporters, who clean their canola before shipping, Australian suppliers often exceed this limit. Additional demand from China should lift Australian canola prices, traders said, but Australia may not be able to fully replace Canadian canola in China. The Australian government expects the upcoming harvest later this year to produce 5.7 million tons of canola, the least in five years, due to unfavourable weather and a smaller planted area. Of that, Australia will likely export around 4 million tons of canola, much of which may be earmarked for longstanding customers in Europe and elsewhere, said one of the trade sources. "China might struggle to get more than their trial volume depending on how quick they move," the person said. China had 159,000 tons of imported canola in its stockpiles as of July 4, the lowest level for this time of year in nearly four years, said Zhang Deqiang, an analyst at Shandong-based Sublime China Information. Sign in to access your portfolio
