AGP Executive Report
Last update: 9 hours agoGrowth and Industry: China’s economy grew 4.6% in the first three quarters. In September, electricity use by EV charging and battery-swapping services jumped 57% year on year, while data services rose 35.4%. A new national roadmap aims to connect laboratory research more closely with factories and put businesses at the centre of innovation. AI and Trade: Beijing urged APEC finance chiefs in Hong Kong to harness AI for growth and condemned Washington’s order to remove DeepSeek from federal systems. Chinese open-source models are also helping African entrepreneurs build lower-cost, locally tailored tools. Regional Tensions: China defended rare-earth export restrictions on Japan, citing security concerns. In the Philippines, Beijing accused the defense chief of challenging the One China principle, as lawmakers urged the expulsion of China’s ambassador; the Palace warned against hasty action. Culture and Heritage: Young Xinjiang entrepreneurs are giving traditional Atlas silk a modern twist, while Jingmai’s UNESCO-listed tea heritage is helping lift local incomes.
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