Global Impact

Global Impact: Mainland China pins its hopes on Taiwan’s former leader Ma Ying-jeou after meeting Xi Jinping during ‘journey of peace’

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Observers have suggested that by showcasing Ma’s visit, China is sending a message to Lai and reaffirming its pursuit of peaceful reunification with Taiwan, despite escalating tensions that have caused concern among regional powers and Western nations. Both sides sought to strike a conciliatory tone. “There is no grudge that cannot be resolved. No problem … Read more

Global Impact: cut off from high-end chips, how much is the US tech war hurting China’s AI ambitions as Sora highlights worrying gulf?

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That is not necessarily blind optimism. Open-source models lag behind the likes of OpenAI’s GPT-4 and Sora, but they are rapidly catching up. Many Chinese products are based on Meta Platforms’ Llama 2 model, which is free to use and maybe a year behind OpenAI’s latest and greatest, by some estimates. The open-source nature of … Read more

Global Impact: China’s ‘two sessions’ rolls around at decisive moment for the world’s second-largest economy

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Since last year, Beijing has been engaged in an all-out effort to revive its economy. It has taken a number of steps to restore confidence, establishing a dedicated private economy bureau among other measures. However, based on important economic indicators – China’s annual foreign direct investment has sunk to a 30-year low and its consumer … Read more