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Xi Jinping warns against China's overinvestment in EVs and AI
His comments made front-page news in the Communist Party’s official mouthpiece.
As deflation anxiety grows and Trump’s trade war with China ramps up, the world’s second largest economy is turning to fast-growth tech industries to remain competitive. "When it comes to projects, there are a few things — artificial intelligence, computing power and new energy vehicles," he said in a speech that made the front page of the People’s Daily, the official newspaper of the Communist Party. This week, NVIDIA was granted permission by the US government to resume selling its AI chips to China, with the company reportedly holding $8 billion in unshipped orders.
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