U.S-China AI talent race heats up

This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Chris Miller, author of the book “Chip War,” warned three years ago that the balance of modern power hinges on a semiconductor supply chain crossing…

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Supply chain diversification away from China is progressing from talks to action, EU chamber says

Unmanned trucks transport containers at Dapukou Container Terminal in Zhoushan Port, Ningbo, Zhejiang, China, on December 9, 2025. Nurphoto | Nurphoto | Getty Images BEIJING — Supply chain diversification away from China is about to move from just talk to action. That’s what Jens Eskelund, president, European Union Chamber of Commerce in China, told reporters…

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U.S. Indonesia trade deal in jeopardy

Indonesia and United States flags together realtions textile cloth fabric texture Oleksii Liskonih | Istock | Getty Images The trade deal between Indonesia and the U.S. is at risk of unravelling as Washington officials view that Jakarta is going back on the terms of the agreement, according to The Financial Times. The report, citing people…

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Trump suggest Biden Fed picks signed by autopen

President Donald Trump on Tuesday claimed to have “just heard” that all four of former President Joe Biden‘s appointments to the Federal Reserve were approved by “autopen,” suggesting they are not authorized to serve in those roles. Trump provided no evidence for the claim, which piggybacks on his repeated assertion that all of his predecessor’s…

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China consumer inflation hits near two-year high despite deeper-than-expected producer deflation

People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024.  Adek Berry | AFP | Getty Images China’s consumer inflation accelerated in November to the highest level in nearly two years while producer price deflation worsened, underscoring the challenge policymakers face in reviving domestic demand amid persistent…

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