An anonymous reader shares a report: China on Friday launched three venture capital funds to invest in "hard technology" areas, state broadcaster CCTV reported. The capital contribution plans for the funds have been finalised, each with more than 50 billion yuan ($7.14 billion), according to the report. The funds will primarily invest in early-stage startups and the targets should be valued at less than 500 million yuan, an official said on Friday, adding that no single investment would amount to more than 50 million yuan.

Read more of this story at Slashdot.

An anonymous reader shares a report: Chinese social media users criticized two key government policies, rare signs of public dissent in the country where the internet is heavily censored. The death of the former head of China's one-child policy agency -- which for decades forced women to carry out abortions and sterilizations -- sparked criticism of the demographic effort, with one netizen lamenting the "children who were lost." Others, meanwhile, criticized Beijing's leadership over its ongoing row with Tokyo, sparked by Japanese Prime Minister Sanae Takaichi saying her country could intervene to defend Taiwan in a potential Chinese attack on the self-ruled island, which Beijing claims as its own.

Read more of this story at Slashdot.

China has unveiled new rules to rein in aggressive pricing tactics by online platforms, prohibiting e-commerce operators from forcing merchants to offer discounts or setting different prices based on user demographics without consent. The 29-article regulation -- jointly issued over the weekend by the National Development and Reform Commission, State Administration for Market Regulation (SAMR), and Cyberspace Administration of China -- lays out detailed compliance requirements that target several long-standing pain points as competition among internet giants has often eroded the rights of both consumers and merchants. To restore merchant autonomy on pricing, the rules ban platform operators from leveraging their dominant scale to impose "lowest price" agreements. Platforms are prohibited from using traffic throttling, search ranking demotions, or algorithm penalties to pressure merchants into predatory price-cutting or exclusive pricing arrangements.

Read more of this story at Slashdot.

President Trump's closure of the de minimis customs loophole in May -- which previously allowed Chinese packages valued under $800 to enter the U.S. duty-free -- has redirected a flood of cheap goods toward Europe, where similar exemptions for packages under $175.8 in the EU and $180 in the UK remain intact. The shift has been swift: exports of low-value Chinese packages to the U.S. have dropped more than 40% since May, according to Chinese customs data, and the EU has this year overtaken the U.S. as the largest market for China's roughly $100 billion cheap package trade. Shipments to Hungary and Denmark have quadrupled, and those to Germany, France, and the UK have risen 50% or more. Temu has recorded seven straight months of double-digit U.S. sales declines, per Consumer Edge data tracking credit and debit card transactions. Its European sales, on the other hand: up 56% in the EU and 46% in the UK since May compared to a year ago. The EU agreed last week to impose a $3.5 fee on imported small packages starting in July and to close the de minimis exemption entirely by 2028. The UK plans to follow in 2029.

Read more of this story at Slashdot.

A plush AI toy marketed for children as young as three years old delivers detailed instructions on sharpening knives and lighting matches, and when asked about Chinese President Xi Jinping's resemblance to Winnie the Pooh -- a comparison censored in China -- responds that "your statement is extremely inappropriate and disrespectful." The Miriat Miiloo, manufactured by a Chinese company and among the top inexpensive results for "AI toy for kids" on Amazon, repeatedly insisted in NBC News tests that Taiwan is "an inalienable part of China." The toy would lower its voice and declare this "an established fact." The tests, NBC News reports, indicated "it was programmed to reflect Chinese Communist Party values." NBC News and the U.S. Public Interest Research Group tested five popular AI toys this holiday season and found loose guardrails across the board. Another toy, the Alilo Smart AI Bunny marketed as "the best gift for little ones," engaged in detailed descriptions of BDSM practices during extended conversation. China now has more than 1,500 registered AI toy companies, according to MIT Technology Review. Miriat didn't respond to requests for comment.

Read more of this story at Slashdot.

Chinese scientists have built a working prototype of an extreme ultraviolet lithography machine in a high-security Shenzhen laboratory, a development that represents exactly what Washington has spent years and multiple rounds of export controls trying to prevent: China's path toward semiconductor independence and an end to the West's monopoly on the technology that powers AI, smartphones and advanced weapons systems. The prototype, completed in early 2025 by former ASML engineers who reverse-engineered the Dutch company's machines, is operational and generating EUV light, though it has not yet produced working chips. The effort is part of a six-year secret government initiative that sources described to Reuters as China's version of the Manhattan Project. Huawei is coordinating thousands of engineers across companies and state research institutes, and recruits are working under false identities inside secure facilities. The Chinese government is targeting 2028 for producing working chips, though sources say 2030 is more realistic -- still years earlier than the decade analysts had predicted it would take China to match the West.

Read more of this story at Slashdot.

Longtime Slashdot reader schwit1 shares a report from Ars Technica: Every other week, it seems, a new Chinese launch company pops up with a rocket design and a plan to reach orbit within a few years. For a long time, the majority of these companies revealed designs that looked a lot like SpaceX's Falcon 9 rocket. The first of these copy cats, the medium-lift Zhuque-3 rocket built by LandSpace, launched earlier this month. Its primary mission was nominal, but the Zhuque-3 rocket failed its landing attempt, which is understandable for a first flight. Doubtless there will be more Chinese Falcon 9-like rockets making their debut in the near future. However, over the last year, there has been a distinct change in announcements from China when it comes to new launch technology. Just as SpaceX is seeking to transition from its workhorse Falcon 9 rocket -- which has now been flying for a decade and a half -- to the fully reusable Starship design, so too are Chinese companies modifying their visions. The trend began with the Chinese government. In November 2024 the government announced a significant shift in the design of its super-heavy lift rocket, the Long March 9. Instead of the previous design, a fully expendable rocket with three stages and solid rocket boosters strapped to the sides, the country's state-owned rocket maker revealed a vehicle that mimicked SpaceX's fully reusable Starship. Around the same time, a Chinese launch firm named Cosmoleap announced plans to develop a fully reusable "Leap" rocket within the next few years. An animated video that accompanied the funding announcement indicated that the company seeks to emulate the tower catch-with-chopsticks methodology that SpaceX has successfully employed. But wait, there's more. In June a company called Astronstone said it too was developing a stainless steel, methane-fueled rocket that would also use a chopstick-style system for first stage recovery. Astronstone didn't even pretend to not copy SpaceX, saying it was "fully aligning its technical approach with Elon Musk's SpaceX." And then, on Friday, the state-aligned China.com reported that a company called "Beijing Leading Rocket Technology" took things a step further. It has named its vehicle "Starship-1," adding that the new rocket will have enhancements from AI and is billed as a "fully reusable AI rocket."

Read more of this story at Slashdot.

China is leading research in nearly 90% of the crucial technologies that "significantly enhance, or pose risks to, a country's national interests," according to a technology tracker run by the Australian Strategic Policy Institute (ASPI) -- an independent think-tank. Nature: The ASPI's Critical Technology Tracker evaluated research on 74 current and emerging technologies this year, up from the 64 technologies it analyzed last year. China is ranked number one for research on 66 of the technologies, including nuclear energy, synthetic biology, small satellites, while the United States topped the remaining 8, including quantum computing and geoengineering. The results reflect a drastic reversal. At the beginning of this century, the United States led more than 90% of the assessed technologies, whereas China led less than 5% of them, according to the 2024 edition of the tracker. "China has made incredible progress on science and technology that is reflected in research and development, as well as in publications," says Ilaria Mazzocco, who researches China's industrial policy at the Center for Strategic and International Studies, a non-profit research organization based in Washington DC. Mazzocco says the general trend identified by the ASPI is not a surprise, but it is "remarkable" to see that China is so dominant and advanced in so many fields compared with the United States.

Read more of this story at Slashdot.

Major automakers have urged Washington to prevent Chinese government-backed automakers and battery manufacturers from opening U.S. manufacturing plants, warning the industry's future is at stake. From a report: The Alliance for Automotive Innovation, which represents General Motors, Ford, Toyota Motor, Volkswagen, Hyundai, Stellantis and other major automakers, sounded the alarm and said Congress and the Trump administration needed to act. "China poses a clear and present threat to the auto industry in the U.S.," the group wrote in a statement for a U.S. House hearing on Chinese vehicles. The group also said lawmakers should maintain the U.S. Commerce Department's prohibition on importing information and communications technology and services from China that effectively bars the import of vehicles from Chinese manufacturers. "No amount of investment by automakers and battery manufacturers operating inside the U.S. can counter a China that is enabled by subsidies to chronically oversupply around the world. This is a recipe for dumping that Congress and the Trump Administration must prevent from happening inside the U.S.," the auto industry group said.

Read more of this story at Slashdot.

The Trump administration will allow Nvidia to resume selling H200 chips to China, but only if the U.S. government takes a 25% cut. Axios reports: Trump said on Truth Social that he'll allow Nvidia to sell H200 chips -- the generation of chips before its current, more-advanced Blackwell lineup -- to China, with the U.S. government pocketing a quarter of the revenue. He said he would apply "the same approach to AMD, Intel, and other GREAT American Companies." American defense hawks fear that China could use Nvidia chips to advance its military ambitions. Trump said Monday that the sales will be subject to "conditions that allow for continued strong National Security." The blockade remains in place for Nvidia's current generation of Blackwell chips, which will be replaced in the second half of 2026 by even more advanced Rubin chips. Huang said recently he was unsure if China would want the older chips. "We applaud President Trump's decision to allow America's chip industry to compete to support high paying jobs and manufacturing in America," Nvidia said in a statement. "Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America."

Read more of this story at Slashdot.

China has contributed less to global growth this year than the U.S. despite Beijing's frequent criticism of protectionism, according to a Wall Street Journal analysis citing new research from Goldman Sachs economists. U.S. imports are up 10% so far this year compared to a year earlier, while China's imports have fallen 3% in dollar terms. Goldman's economists found that the historical relationship between Chinese growth and global growth has turned negative; where 1% more Chinese output once raised world output by 0.2%, the bank now projects. China will grow about 0.6 percentage points faster annually over the next few years while reducing the rest of the world's growth by 0.1 point per year. China's current account surplus could reach 1% of world GDP by 2029, Goldman estimates, larger than any country's since the late 1940s. China now accounts for 17% of global GDP.

Read more of this story at Slashdot.

U.S. and Canadian cybersecurity agencies say Chinese-linked actors deployed "Brickstorm" malware to infiltrate critical infrastructure and maintain long-term access for potential sabotage. Reuters reports: The Chinese-linked hacking operations are the latest example of Chinese hackers targeting critical infrastructure, infiltrating sensitive networks and "embedding themselves to enable long-term access, disruption, and potential sabotage," Madhu Gottumukkala, the acting director of the Cybersecurity and Infrastructure Security Agency, said in an advisory signed by CISA, the National Security Agency and the Canadian Centre for Cyber Security. According to the advisory, which was published alongside a more detailed malware analysis report (PDF), the state-backed hackers are using malware known as "Brickstorm" to target multiple government services and information technology entities. Once inside victim networks, the hackers can steal login credentials and other sensitive information and potentially take full control of targeted computers. In one case, the attackers used Brickstorm to penetrate a company in April 2024 and maintained access through at least September 3, 2025, according to the advisory. CISA Executive Assistant Director for Cybersecurity Nick Andersen declined to share details about the total number of government organizations targeted or specifics around what the hackers did once they penetrated their targets during a call with reporters on Thursday. The advisory and malware analysis reports are based on eight Brickstorm samples obtained from targeted organizations, according to CISA. The hackers are deploying the malware against VMware vSphere, a product sold by Broadcom's VMware to create and manage virtual machines within networks. [...] In addition to traditional espionage, the hackers in those cases likely also used the operations to develop new, previously unknown vulnerabilities and establish pivot points to broader access to more victims, Google said at the time.

Read more of this story at Slashdot.

schwit1 shares a report from CNN: A private Chinese space firm successfully sent its Zhuque-3 rocket to orbit but failed in its historic attempt to re-land the rocket booster Wednesday -- the first such trial by a Chinese firm as the country's growing commercial space sector races to catch up with American rivals like SpaceX. The rocket entered orbit as planned, but its first stage did not successfully return to a landing site, instead crashing down, the company said in a statement. "An anomaly occurred after the first-stage engine ignited during the landing phase, preventing a soft landing on the designated recovery pad," the statement said. "The debris landed at the edge of the recovery area, resulting in a failed recovery test." The team would "conduct a comprehensive review" and continue to "advance the verification and application of reusable rocket technology in future missions," the statement added. You can watch a video of the launch and subsequent crash here.

Read more of this story at Slashdot.

China's central bank has flagged stablecoins as a specific concern in its latest push against virtual currencies, warning that the tokens fail to meet requirements for customer identification and anti-money-laundering controls and risk being used for fraud, money laundering, and unauthorized cross-border fund transfers. The People's Bank of China released a statement Saturday following a Friday meeting on virtual currency regulation, saying crypto speculation has recently increased due to various factors and now presents new challenges for risk control. Virtual currencies do not hold the same legal status as fiat currency and cannot be used as legal tender, the bank said, adding that all virtual currency-related business activities are "illegal financial activities." China banned cryptocurrency trading in 2021. The bank said it will intensify efforts to combat illegal financial activities to maintain economic and financial stability. In October, PBOC Governor Pan Gongsheng said the central bank would closely track and evaluate the development of overseas stablecoins.

Read more of this story at Slashdot.

The bitter standoff between Dutch chipmaker Nexperia -- which supplies basic chips crucial to 49% of European automakers, over 85% of medical device companies, and the entire defense industry -- and its Chinese parent company Wingtech escalated on Friday when both Wingtech and Nexperia's Chinese unit accused the Dutch business of secretly building a supply chain that would cut China out entirely. The accusations came one day after Nexperia's Dutch headquarters published an open letter claiming it had repeatedly tried and failed to contact its Chinese unit. Nexperia China demanded the Dutch side halt its overseas expansion plans, specifically a $300 million investment in a Malaysian plant, and alleged an internal company target to source 90% of production outside China by mid-2026. The Chinese unit also accused its European counterparts of deleting employee email accounts and cutting off access to IT systems. The dispute traces back to September when the Dutch government invoked a Cold War-era law to seize control of Nexperia on economic security grounds. An Amsterdam court subsequently stripped Wingtech of its ownership rights. Beijing retaliated by halting exports of finished Nexperia chips on October 4, triggering warnings of production shutdowns from automakers including Nissan and Bosch. Export curbs were relaxed in early November, and the Dutch government suspended its intervention last week following talks, but the court ruling remains in force. Wingtech warned that supply disruptions could return if the control issue remains unresolved.

Read more of this story at Slashdot.

China installed 295,000 industrial robots last year -- nearly nine times as many as the United States and more than the rest of the world combined -- as the country races to automate its manufacturing base amid rising labor costs at home and tariff threats from abroad. The nation's stock of operational robots surpassed 2 million in 2024, according to the International Federation of Robotics. Of 131 factories globally recognized by the World Economic Forum for boosting productivity through cutting-edge technologies like AI, 45 are in mainland China compared to three in the US. At Midea's washing machine factory in Jingzhou, an AI "factory brain" manages 14 virtual agents that coordinate robots and machines on the floor. The home-appliance giant reports that its revenue per employee grew nearly 40% between 2015 and 2024, and processes that once took 15 minutes now take 30 seconds. Down jacket maker Bosideng has cut sample production time from 100 days to 27 days using AI design tools, reducing development costs by 60%. At the port of Tianjin, scheduling that previously required 24 hours now takes 10 minutes, and 88% of large container equipment is automated. The port's operator says it requires 60% fewer workers than traditional facilities.

Read more of this story at Slashdot.