Chinese and U.S. officials to hold trade talks
Vice Premier He Lifeng will lead a delegation to South Korea from May 12 to 13 to hold trade talks with U.S. counterparts, the Ministry of Commerce said. The discussions will be guided by the consensus reached by the two heads of state in Busan and during previous calls, focusing on mutually concerning economic and trade issues.
U.S. executives invited to accompany Trump to China
The U.S. government has reportedly invited chief executives from major companies, including Nvidia, Apple, ExxonMobil and Boeing, to accompany Donald Trump on a visit to China. Executives from Qualcomm, Blackstone, Citigroup and Visa are also reportedly on the list.
Ministry approves 6G trial frequency licenses
China’s Ministry of Industry and Information Technology approved trial frequency licenses for 6G technologies, supporting testing and verification in selected regions. The trials will focus on key 6G scenarios.
NEWS SUMMARY
AI startup DeepSeek reportedly plans to raise up to 50 billion yuan.
ByteDance reportedly plans to increase its AI infrastructure spending by 25%.
Four government departments issued a plan to increase the use of green electricity at computing facilities.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
