Chinese Tech Stocks Rebound Amid US AI Curbs, Beijing Warns Against Expansion
Chinese optical-module stocks rebounded as analysts downplayed the impact of proposed 'mild' US AI curbs, while China's official newspaper issued a warning to the US against expanding its technology restrictions.
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China’s Official Newspaper Warns US Over Expanding Tech Curbs
The official newspaper of China’s ruling Communist Party warned of countermeasures against widening US technology curbs as Washington considers banning imports of some Chinese AI components, adding a fresh source of strain to the countries’ fragile trade truce.
By Nectar Gan
Read full article →Chinese optical-module stocks rebound as analysts downplay ‘mild’ AI curbs proposed by US
Shares of China’s leading optical-module makers clawed back early losses on Wednesday after analysts downplayed the impact of proposed US restrictions that could block the firms from future American AI data centres. They noted that the rules would likely leave current supply chains intact and face significant hurdles because of America’s heavy reliance on Chinese manufacturing. Zhongji Innolight ended the day down 7.3 per cent and 6.7 per cent in Shenzhen and Hong Kong, respectively, while...
By Howard Liu
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