I hope all are well.
jcr
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US seeks extension to controversial science agreement with China
Huawei believed to be building secret microchip factories to beat US sanctions
Chinese tech giant reportedly backed by Beijing government amid rising tensions with West
China quietly recruits overseas chip talent as US tightens curbs
https://www.reuters.com/technology/uk-opens-new-probe-into-microsofts-purchase-activision-2023-08-22/#:~:text=LONDON%2C%20Aug%2022%20(Reuters),Microsoft%20(MSFT.O).
Microsoft, Activision to sell streaming rights to secure biggest video gaming deal
UK’s CMA says original $69 bln Microsoft purchase blocked
Activision to divest streaming rights to Ubisoft
Deal designed to enable Microsoft takeover to proceed
Joe Biden Unveils Aggressive Plans For Mandatory Artificial Intelligence Regulations
US Puts Visa Curbs on Chinese Who Force Tibet Kids to Fit In
China’s property crisis is a US$261 billion credit pain for lenders, trust firms and insurers, Goldman says About 1.9 trillion yuan (US$261 billion) or almost 10 per cent of property financing in China could turn sour, get worse as fallout persists: Goldman
More than US$149 billion of market value has been erased from stocks in two major Chinese indices this year as the property market cracks
Global Funds Abandon China Blue Chips in $11 Billion Selloff
Some of China’s industry leaders are most sold by foreigners
Overseas investors extended selling streak to 13 sessions
BRICS leaders agree to expand membership at summit
TREASURIES-Treasury rout deepens as deficit spending, higher for longer sink in
https://www.reuters.com/business/finance/sp-downgrades-multiple-us-banks-citing-tough-operating-conditions-2023-08-22/#:~:text=The%20rating%20action%20weighed%20on,)%20each%20dropped%20about%201%25.
Shares of U.S. banks drop after S&P downgrades some ratings
‘ChatGPT Does 80% Of My Job’ — How AI Enables People To Work Second And Third Jobs benzinga
Huawei is building secret network for chips, trade group warns – Bloomberg News
BRICS Latest: Bloc Agrees Rules Clearing Path for More Members
https://www.reuters.com/world/top-eu-official-warns-west-needs-act-avoid-losing-developing-worlds-trust-2023-08-23/#:~:text=LONDON%2C%20Aug%2023%20(Reuters),intensifies%20its%20own%20support%20efforts.
Top EU official warns West needs to act to avoid losing developing world’s trust
https://www.ft.com/content/8ac52fe7-e9db-48a8-b2f0-7305ab53f4c3
China’s blueprint for an alternative world order
Beijing is using its economic muscle to rally developing countries and reduce the west’s influence over the UN
Half a Million US Jobs at Risk of Vanishing in Payroll Revision
Government to issue preliminary benchmark employment revision
Pace of job growth moderating yet still viewed as healthy
https://www.ft.com/content/0bbc66ce-d3c0-45b4-967b-6f0bf4c59997
South Africa and China find common ground on Brics expansion
Cyril Ramaphosa and Xi Jinping hold talks ahead of emerging markets summit in Johannesburg
BRICS Latest: Xi Backs BRICS Expansion, Talks Up Chinese Economy
https://apnews.com/article/canada-wildfires-facebook-news-blocking-734a5bc05796e38a011c6c9a473efea8
Prime Minister Justin Trudeau slams Facebook for blocking Canada wildfire news
China fines US research firm $1.5 million in crackdown on information-gathering
Missing Data Raise Concerns About China’s Economic Performance
Beijing to limit use of generative AI in online healthcare activities, including medical diagnosis, amid growing interest in ChatGPT-like services
New rules drafted by the Beijing Municipal Health Commission would strictly prohibit the use AI for automatically generating medical prescriptions
The proposed regulation provides 41 rules covering various online healthcare activities
Chinese regulators vow more financial support to tackle property sector crisis
https://www.reuters.com/world/chinas-premier-li-sino-us-relations-economic-trade-cooperation-face-difficulties-2023-08-21/#:~:text=%22At%20present%2C%20China%2DU.S.,Chinese%20state%20news%20agency%20Xinhua.
Chinese Premier Li: Sino-U.S. relations, trade cooperation face difficulties
Putin, Xi and BRICS Allies See Chance to Shake Up World Order
Dozens of nations have lined up to become members of BRICS.
‘It’s The Death Of The Entire Financial, Monetary And Social System’: This Market Expert Warns The U.S. Dollar Is Quickly Losing Its Reserve Status. Here’s What She Likes For Protection
China helping to arm Russia with helicopters, drones and metals
China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on
https://www.barrons.com/articles/china-japan-property-economy-covid-population-668b3419
China Isn’t Japan in the 1990s. How Its Economic Meltdown Is Different.
The computer chip the world’s superpowers are scrambling to own
Opinion China’s property crash is becoming more dangerous by the day
BRICS summit 2023 agenda: What major issues will likely be discussed?
Beijing plots retaliation against US investment ban
The US is quietly warning its Middle East partners about the cost of stocking up on Chinese-made weapons
https://www.reuters.com/world/us/us-tightens-export-controls-nuclear-power-items-china-2023-08-18/#:~:text=WASHINGTON%2C%20Aug%2018%20(Reuters),the%20proliferation%20of%20atomic%20weapons
US tightens export controls of nuclear power items to China
China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says
Among those spreading medical misinformation during the pandemic: 52 doctors
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