Daily brief
The US Pentagon has added Chinese tech giants Alibaba, Baidu, and electric vehicle maker BYD to a list of companies it says are linked to China's military. The move accuses these firms of aiding the Chinese military, though the companies have denied the allegations. The listing does not immediately impose sanctions but can damage reputations and complicate business operations.
China’s oil imports plunged to an eight-year low amid war disruptions.
China is preparing a $295 billion plan to fund a nationwide AI buildout.
China's exports rose 20 percent in May despite the Iran war, driven by an AI boom.
China and Brazil committed to deepening financial cooperation.
by WorldBrief & Maksim Micheliov | AI-generated summary