#china
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China orders tech giants to halt Nvidia AI chip purchases
China’s regulator has banned the country's largest technology companies from buying chips from U.S. giant Nvidia. This is another step in Beijing's strategy to support the national industry and compete with the U.S. in artificial intelligence. 
Chinese public company invests in BlackRock BTC and Ethereum ETFs
China Financial Leasing Group, a Hong Kong–listed company, disclosed in its interim performance report that it has invested in cryptocurrency exchange-traded funds (ETFs), including products from BlackRock, amid a weaker U.S. dollar and strengthening Bitcoin. 
Trump Fears Ceding Crypto Market Leadership to China
As cryptocurrencies continue to dominate the US election discourse, Donald Trump discussed the implications for the crypto market in a detailed interview with Bloomberg Businessweek, touching on topics like cryptocurrencies, NFTs, and the chip industry. 
The Chinese government has launched a specialized investment fund dedicated to supporting local development and manufacturing of chips, including those designed for artificial intelligence. Since its official establishment on May 24, the fund has attracted over $47.5 billion in investments. 
Xi proposes AI center and $280 million funding at SCO summit
Chinese President Xi Jinping announced plans for a Shanghai Cooperation Organization artificial intelligence center during the bloc's leaders' summit in Tianjin on September 1. China will provide 2B yuan ($280M) in grants this year and 10 billion yuan in loans over three years to support the initiative. 
Donald Trump’s post-return agenda to the White House includes measures such as significant import tariff hikes, escalating trade conflicts with China, and aggressive deficit reduction. His determination to weaken the US dollar stands out as particularly significant. 
Zhang Moumou, the mastermind behind a $14 billion crypto pyramid scheme, has been extradited from Thailand to China. This event marks the first successful extradition of an economic crime suspect between the two countries since the two countries signed the extradition treaty in 1999. 
A study by SAS reveals that China is at the forefront of global AI implementation, with 83% of companies utilizing artificial intelligence. This is notably higher than the adoption rates in the UK (70%), the US (65%), and Australia (63%), with the global average at 53%. 
A Chinese court has found Wong Ming-Chung, the administrator of a financial Telegram chat group offering paid subscriptions, guilty of providing investment advice without the necessary license over several years. The investigation and subsequent lawsuit were led by the China Securities and Futures Commission (CSFC). 