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South China Morning Post
10-04-2025
- Business
- South China Morning Post
Who will feel the pain? US, China seek ‘economic resiliency' in endurance test: economists
With tit-for-tat tariffs escalating the US-China trade war to never-before-seen levels in the past week, their high-stakes game of one-upmanship could turn into a marathon that tests the long-term resilience of economic and industrial systems, according to prominent Chinese economists. Advertisement They also suggested a stronger dose of government stimulus to unleash domestic demand, noting that doing so will be of the utmost importance to China in navigating these turbulent times. 'What China and the US are competing for now is economic resilience,' said Zheng Yongnian, dean of the School of Public Policy at the Chinese University of Hong Kong's Shenzhen campus (CUHK-Shenzhen). 'Our goal should be to build an industrial system with strong economic resilience; only in this way can we secure a dominant position in the long-term competition with the US,' he was quoted as saying by Xiakedao, a social media account run by overseas-edition staff from party mouthpiece People's Daily, on Wednesday. After the series of back-and-forth tariff salvoes, as it stands, Washington has imposed a 125 per cent tariff on Chinese imports, while Beijing's new levy on US goods has risen to 84 per cent, both effective now. Advertisement
South China Morning Post
23-02-2025
- Business
- South China Morning Post
China is right to celebrate DeepSeek success but AI race isn't over, academic warns
DeepSeek's AI leap is a milestone innovation breakthrough for China but it does not change the overall leading position of the United States in the field of artificial intelligence , a prominent adviser to Beijing said. Advertisement While the rise of DeepSeek has 'naturally spawned a wave of strong nationalist sentiment', Beijing should be sober that it still lags far behind the US in tech and data quality, warned Zheng Yongnian, dean of the school of public policy at the Chinese University of Hong Kong's Shenzhen campus (CUHK-Shenzhen). 'Excessive nationalism would be detrimental for China in the fiercer tech competition down the road,' Zheng posted on a social media account maintained by CUHK-Shenzhen on Friday. 05:00 Does the arrival of China's low-cost DeepSeek mean the end of Nvidia's chip dominance? Does the arrival of China's low-cost DeepSeek mean the end of Nvidia's chip dominance? DeepSeek, which is based in the eastern city of Hangzhou, stunned the world by releasing two groundbreaking AI models – the V3 large-scale language model in December and the R1 inference model – last month. These open-source models perform on par with leading chatbots developed by US tech giants, such as OpenAI and Google, but are cheaper to train. Chinese state media has been quick to champion the private company as a national asset in the country's competition for AI supremacy. People's Daily, the mouthpiece of the Communist Party, called it 'a testament to China's swift tech adoption, vision and unyielding drive for innovation' amid chip export sanctions by the US and its allies. Advertisement Zheng said that while the success of DeepSeek deserved the tributes, a populist mentality was not conducive to China's AI development. He noted that there remained a big gap between Beijing and Washington in chip technology and data quality, 'which is equally important – we need to be clear what DeepSeek has not changed'.
South China Morning Post
22-02-2025
- Business
- South China Morning Post
China is right to celebrate DeepSeek but AI race isn't over, warns academic
Published: 9:00pm, 22 Feb 2025 DeepSeek's AI leap is a milestone innovation breakthrough for China but it does not change the overall leading position of the United States in the field of artificial intelligence , a prominent adviser to Beijing said. While the rise of DeepSeek has 'naturally spawned a wave of strong nationalist sentiment', Beijing should be sober that it still lags far behind the US in tech and data quality, warned Zheng Yongnian, dean of the school of public policy at the Chinese University of Hong Kong's Shenzhen campus (CUHK-Shenzhen). 'Excessive nationalism would be detrimental for China in the fiercer tech competition down the road,' Zheng posted on a social media account maintained by CUHK-Shenzhen on Friday. 05:00 Does the arrival of China's low-cost DeepSeek mean the end of Nvidia's chip dominance? Does the arrival of China's low-cost DeepSeek mean the end of Nvidia's chip dominance? DeepSeek, which is based in the eastern city of Hangzhou, stunned the world by releasing two groundbreaking AI models – the V3 large-scale language model in December and the R1 inference model – last month. These open-source models perform on par with leading chatbots developed by US tech giants, such as OpenAI and Google, but are cheaper to train. Chinese state media has been quick to champion the private company as a national asset in the country's competition for AI supremacy. People's Daily, the mouthpiece of the Communist Party, called it 'a testament to China's swift tech adoption, vision and unyielding drive for innovation' amid chip export sanctions by the US and its allies. Zheng said that while the success of DeepSeek deserved the tributes, a populist mentality was not conducive to China's AI development. He noted that there remained a big gap between Beijing and Washington in chip technology and data quality, 'which is equally important – we need to be clear what DeepSeek has not changed'. He said China was still incapable of producing advanced semiconductors , which were critical for the competitiveness of various sectors, from manufacturing to national defence.
