The meeting made clear, based on the requirements set out in the 2021 joint notice issued by ten government agencies, that stablecoins are considered a form of virtual currency. At present, they cannot adequately meet requirements for customer identification, anti-money-laundering compliance, or related regulatory standards. They also carry significant risks of being used for money laundering, fraudulent fundraising, and illegal cross-border capital transfers.
Guangdong's complete industrial ecosystem and first-class business environment have made Shein's fast growth possible. He boasted that Shein currently supports over 600,000 jobs in the Chinese province, and pledged to invest over 10 billion yuan ($1.5 billion) to fortify its local supply chain.
America's financial markets are the envy of the world because they scale and adapt to meet investor demands. Like our markets, the CFTC's and SEC's regulatory frameworks must also evolve and modernize to accommodate the needs of our market participants.
The 15th iteration of the five-year plan, an economic roadmap for 2026 to 2030, also set targets for inflation, the fiscal deficit ratio and urban unemployment. China has set the longterm goal of becoming a moderately developed country by 2035 and raising gross domestic product (GDP) per capita to $20,000.
China's approach to AI is architecturally different. Where Western tech companies have largely pursued AI as a product category - chatbots, copilots, and standalone tools that can be sold to enterprises - China has treated AI as infrastructure: a utility layer woven into the fabric of commerce, logistics, government services, and daily life.
Premier Li Qiang emphasized 'the need to accelerate self-reliance in high-level science and technology' against a background of 'unilateralism and protectionism escalating abruptly,' referencing Trump administration trade policy, while highlighting China's recent advances in independent chip research and development and noting integrated circuit output rose 10.9 percent last year.
The lowered growth figure reflects China's economic slowdown, triggered in part by the collapse of the country's property sector, which once accounted for between 25 and 30 percent of GDP. The growth target is quite realistic, the Economist Intelligence Unit's China economist Tianchen Xu said, noting the figure reflected China's trend towards more conservative expectations.
While recognizing our achievements, we are also clear-eyed about the difficulties and challenges we face. The government is striving to balance two goals: reviving the flagging economy by boosting domestic spending while also furthering top leader Xi Jinping's ambitions to build China into a global power in AI, robotics and other advanced technologies and one that is not dependent on the U.S. or others for high-end semiconductors and other components.
Chinese authorities have signalled they'll likely probe Meta's planned acquisition of made-in-China AI platform Manus. Meta announced the acquisition on December 29, 2025, and said Manus will become part of its consumer and business products. On Thursday, a spokesperson for China's Ministry of Commerce said Beijing intends to investigate the acquisition to ensure it won't infringe China's export controls or foreign investment laws.
What we'll see is the trade-off between whether it's going to be industry and tech, or looking after domestic demand. These are the two priorities that are juggling for Xi Jinping right now.
When Keir Starmer met Xi Jinping recently, reporters said the British prime minister was shocked at his Chinese counterpart calling Crystal Palace Palace, liking Manchester City and Arsenal and supporting Manchester United. The reasons can be guessed. Fan Zhiyi was popular at Selhurst Park in the late 1990s, Sun Jihai was a cult hero at Maine Road and Manchester United had Dong Fangzhuo. The president of the world's second most populous country and second biggest economy didn't, however, mention Everton.
Nvidia's Q3 FY2026 earnings call revealed China data center revenue grew sequentially on "export-compliant copper products," but CFO Colette Kress noted it "remains well below levels prior to the onset of export controls." Nvidia has been selling export-compliant chips to China for two years, and China previously represented 20-30% of revenue share. NVDA is up 0.77% over the past week while Advanced Micro Devices ( NASDAQ:AMD) surged 12%. Nvidia's stock has shown limited movement following the news, while AMD has captured significant momentum.
Open source - that might be the clearest signal of how China wants artificial intelligence to reshape its economy. Hisham Alrayes, the group CEO of Bahrain-based GFH Financial Group, said China is prioritizing open models and broad deployment to spread AI's gains across the economy, instead of funneling them to a few tech giants. Speaking at a Davos panel on China's "AI+ Economy" strategy on Wednesday, Alrayes said the country's approach reflects a fundamentally different economic philosophy.
Last week, news broke that Meta is buying Chinese AI startup Manus for around $2 billion. The company is known for its AI agent that can handle everything from job interviews to stock analysis. Meta plans to integrate Manus' AI agent into its own products. Now, the Financial Times reports that China's Ministry of Commerce has decided to review the purchase to determine whether the deal violates the country's export control rules for technology.
The country's top internet regulator, the Cyberspace Administration of China (CAC), requires that any company launching an AI tool with "public opinion properties or social mobilization capabilities" first file it in a public database: the algorithm registry. In a submission, developers must show how their products avoid 31 categories of risk, from age and gender discrimination to psychological harm to "violating core socialist values."
EPS: $0.89 vs. $0.86 estimate (3.5% beat) Revenue: $4.23 billion vs. $4.34 billion estimate (in line), up 6% year-over-year Adjusted Operating Margin: 14.4%, up 290 basis points from prior year Guidance Raised: FY2026 adjusted EPS now $2.05-$2.25 (36-49% growth) Stock Reaction: Shares dropped 18.7% over the past week despite raised guidance Estée Lauder delivered a mixed quarter, beating earnings expectations while revenue met estimates.
After a nine-year break, South Korea is set to reintegrate corporations into its cryptocurrency market. The Financial Services Commission (FSC) has established new protocols allowing listed entities and professional firms to resume trading, effectively terminating the 2017 prohibition. This move is part of the government's ambitious "2026 Economic Growth Strategy," which aims to transform the nation into a premier digital hub by introducing stablecoin laws and paving the way for spot crypto exchange-traded funds (ETFs).