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03.02.26 - 10:31
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′Punches above its weight′: compact AI model from China′s StepFun outshines larger rivals (SCMP)
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Chinese artificial intelligence start-up StepFun has unveiled a lightweight AI model that it says punches above its weight, rivalling larger systems from domestic competitors including DeepSeek and Moonshot AI as competition intensifies in the country's AI sector.
The Shanghai-based AI lab said on Monday its latest Step 3.5 Flash model was designed to deliver advanced reasoning and agentic capabilities while maintaining efficiency.
Despite its relatively modest size of about 196 billion......
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03.02.26 - 10:06
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Odd Lots: The US and Chinese Internets′ Similarities (Podcast) (Bloomberg)
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In the 90s, there was a lot of talk about how the Internet would be a liberalizing force in the world. Bill Clinton famously predicted that it would be impossible for China to lock down the Internet, and that this would have profound effects on domestic politics. Of course that didn't come true — China has done a remarkable job of controlling what gets behind the firewall. But then furthermore, the Internet hasn't had the liberalizing effects in the US either. On this episode of the podcast, we...
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03.02.26 - 09:36
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BYD Sees ′No Impact′ From China Ban of Hidden EV Handles (Bloomberg)
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BYD Co. Executive Vice President Stella Li discusses the impact China banning concealed door handles on electric vehicles could have on the company. “There's no impact,” Li tells Bloomberg Television. She adds BYD is “ready” to make changes to its designs as required by authorities....
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03.02.26 - 09:36
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China′s finance sector rocked by another sudden death amid overwork fears (SCMP)
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The sudden death of a top fund manager in Shanghai – the latest in a string of similar cases – has raised alarm in China's financial sector, as worries grow over the health risks posed by the industry's intense work culture.
Shen Xianbing, a founding partner of the private fund Qilin Investment, died on Monday at the age of 40, the company announced the same day, without explaining the cause of his death.
The former University of Science and Technology of China graduate had served as a founding......
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03.02.26 - 07:54
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China to ban hidden car door handles on all EVs over crash safety concerns (The Guardian)
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Sleek car doors reduce vehicle drag but are prone to losing operability in the event of a crash, officials sayChina will soon ban concealed door handles on electric vehicles (EVs), becoming the first country to do so after several deadly incidents triggered global scrutiny of the controversial design first popularised by Tesla.According to regulations announced on Monday by the Ministry of Industry and Information Technology, cars sold in China will now be required to have a mechanical release on both the inside and outside of every door except the boot. Continue reading......
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03.02.26 - 07:54
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Trump unveils $12bn critical minerals stockpile scheme in apparent move to counter China′s dominance (The Guardian)
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Other countries are expected to join Project Vault, which US president said would ensure that US businesses are 'never harmed by any shortage'Donald Trump has announced the creation of a critical mineral reserve worth nearly $12bn, a stockpile that could counter China's ability to use its dominance of the hard-to-process metals as leverage in trade talks.“Today we're launching what will be known as Project Vault to ensure that American businesses and workers are never harmed by any shortage,” Trump said at the White House on Monday. Continue reading......
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03.02.26 - 07:48
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Shanghai to buy second-hand homes for rental housing in pilot to support property market (SCMP)
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In a move to bolster the stability of the property market, Shanghai unveiled a plan to buy second-hand homes for use as public rental housing, with the move timed to coincide with the opening of the city's annual “two sessions” meetings.
With the official launch of a pilot programme on Monday, the city aims to meet rental demand from young residents including college students and new urban arrivals. The initiative will roll out first in the downtown districts of Pudong, Jing'an and Xuhui.
Backed......
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