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Economy
US dollar's reserve share drops to 56%, but study reveals concentrated decline by China and Russia
Federal Reserve Bank of New York researchers say aggregate data masks a shift driven almost exclusively by China and Russia rather than a global trend.
Business
China expands rural financing channels and increases support for agricultural regions
Chinese authorities unveiled a plan to strengthen rural funding by 2030. The strategy combines government spending, bank loans, insurance, and private capital to prioritize grain production areas.
Technology
China AI capex surged 105% to $19 billion in Q2
Chinese tech giants spent roughly $19 billion on AI infrastructure this quarter, driven by rising inference demand and better chip access. Jefferies argues US cloud providers face greater sustainability risks due to higher investment relative to revenue.
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Policy & Regulation
China court issues first systematic guidance on developer bankruptcies
Policy & Regulation
European Union Accuses Chinese Firms of Industrial-Scale AI Theft
Commodities & Energy
China trade exports rose 25% in August on artificial intelligence demand
Economy