AI Top 50 2018 – 970×90 EN

US To Shorten Length Of Visas For Chinese Tech Students

In a potentially controversial move to fight intellectual property theft from China, the Trump administration plans to shorten the length of validity for some visas issued to Chinese citizens, the U.S. State Department said Tuesday, according to U.S. media.

TMF Group’s Thun Lee: Failure To Meet Local Compliance Could Be Costly For Chinese Companies Overseas

As more Chinese companies look overseas to drive growth, a sound understanding and execution of financial compliance of local jurisdictions is crucial to the success of their outbound investments. Yet, financial compliance is one of the biggest challenges for Chinese businesses both at home and abroad, says Thun Lee, head of China at Amsterdam-based professional services firm TMF Group.

Ireland Strategic Investment Fund, CIC Capital Announce €150M Fund To Back Irish And Chinese Tech Firms

The Ireland Strategic Investment Fund, a €8.0 billion sovereign development fund managed and controlled by Ireland National Treasury Management Agency, has teamed up with China’s CIC Capital Corporation to establish a €150 million fund to invest in high-growth Irish technology firms with an ambition to access the Chinese market, and Chinese firms seeking to use Ireland as a base for European operations.

Trump May Win The Trade Battle With China But Lose The War

An earlier version of this story first appeared on Tribune Interactive.  The long-predicted China-U.S. trade war is here. The U.S. government under Donald Trump on Tuesday listed US$50 billion worth of Chinese exports that could be hit with 25% tariffs, ranging from electric cars to education material and medicine. China quickly retaliated with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. The tariffs won’t go into effect right away. The U.S. said it …

China Southern-Boeing Aircraft Deal Highlights Risks Of Trade War

China Southern Airlines recently gave the U.S. aerospace giant Boeing Company a present in the form of an agreement to buy US$3.6 billion worth of aircraft. But on Tuesday, the airline’s Chairman Wang Changshun made a thinly veiled warning: if the U.S. engages in a trade war, the deal could be threatened.

Chinese Netizens Shrug Off State Media Merger As Young People Finds News And Entertainment Online

Chinese netizens are indifferent to the news that China will merge its three national radio and television media outlets to create a mega broadcasting conglomerate. Majority of the young population in China now consume news and entertainment on their phones. Television programs, especially state-run TV shows, are mainly watched by older citizens.

FBI Prosecutes Chinese AI Scientist As Sino-US Tech Rivalry Escalates

For the hundreds of thousands Chinese scientists trained overseas returning home, there is now a more palpable concern when making this increasingly popular career move. As the FBI accused a top Chinese AI expert for fraud last week, the action was interpreted by China as part of a "technology cold war" waged by the U.S. against the country and its top scientists.

Beijing Warns Three Major Insurance Companies Over Foreign Investments

China’s government took further steps to clamp down on the nation’s insurance sector by issuing warning on Saturday to three major insurers related to their overseas investments, just one day after the government seized temporary control of Anbang Insurance Group. China Insurance Regulatory Commission (CIRC) issued warning notices to Ping An Insurance (Group) Co. of China, New China Life Insurance and China Re Asset Management Co., saying they had violated official rules regarding overseas investments. The notices did not, however, provide …

China To Scrap Presidential Term Limits Allowing Xi Jinping To Stay On, People’s Reaction Mixed

China’s Communist Party (CCP) has proposed revising the country’s constitution that would allow President Xi Jinping to continue serving as the country’s leader with no limits on terms. CCP said in an announcement via state-owned media outlets today that it will remove the provision that states Chinese President and Vice President "shall serve no more than two consecutive terms" from the constitution. There were over a dozen other proposed changes, but the key action is clearly the deleting of the …