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Caixin Global
Caixin Global

Business Brief (May 25): China Pushes AI Chip Self-Reliance

AI chip self-reliance

China’s National Development and Reform Commission said it will guide domestic AI models to adapt to homegrown computing chips, ensuring independent and secure development.

Hukou reform

China’s State Council issued a document promoting access to basic public services based on permanent residence, allowing nonregistered residents to receive services comparable to registered urbanites. The measures include expanding public rental housing for families with stable employment and improving access to education and healthcare.

NEWS SUMMARY

China plans to accelerate the development of technical standards for a national integrated computing network to optimize resource allocation.

China’s commerce ministry and four other departments adjusted the export control list for precursor chemicals.

The U.S. justice department indicted four Chinese container manufacturers for allegedly colluding to manipulate the market, with one defendant arrested in France pending extradition.

Standard Chartered plans to cut 8,000 jobs.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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