The US-China over artificial intelligence is heating up, but some warn the US could be over-reacting. "China is betting on AI and investing in AI and deploying AI on a scale no other country is doing," says Abishur Prakash, a futurist and author of books about the effect of artificial intelligence (AI) on geopolitics. As developments in AI accelerate, some in the US fear that the ability of China's powerful central government to marshal data and pour resources into the field will push it ahead. The country has announced billions in funding for start-ups, launched programmes to woo researchers from overseas and streamlined its data policies. It has announced news-reading robots and AI-powered strategy for foreign relations. Perhaps most alarming to the US are its efforts to incorporate it into its military. In the last few years, Washington has toughened oversight of Chinese investments, banned US firms from doing business with certain Chinese companies and increased criminal … [Read more...] about Is China gaining an edge in artificial intelligence?
Trump china policy
A Vietnamese factory processing tra fish for exports (Illustrative image. Source: VNA) Hanoi (VNS/VNA) - Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts have said. Vietnam values and gives priority to strengthening economic and trade cooperation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyen Noi, Deputy Director of the Foreign Investment Agency under the Ministry of Planning and Investment. “I’m pleased to see that many leading Chinese corporations are expanding their investments in the fields of electronics, renewable energy and IT, applying modern technology and bringing more value in line with Vietnam’s foreign investment orientation,” Noi told a conference on Vietnam-China trade and investment last week. China continued to be Vietnam’s … [Read more...] about Vietnam, China have room to grow trade ties: experts
Both Vietnam and Bangladesh appear to be well-positioned as clothing manufacturing hubs and will be obvious choices as clothing retailers with exposure to the US shift their production out of China. (Illustrative photo: VOV) US President Donald Trump has most recently threatened to levy new tariffs on US$300 billion worth of Chinese imports to the US. Unlike previous rounds of tariffs that largely targeted industrial and commercial products, this round is expected to cover all US imports from China and hit consumer goods such as toys, footwear, and apparel. Fitch Solutions, a macro research unit of Fitch Group, noted that on May 5 President Donald Trump announced the US would increase tariffs on US$200 billion worth of Chinese goods to 25 per cent, a rise from 10 per cent. In response, China reacted by imposing tariffs of between 5 and 25 per cent on US$60 billion of US goods. A study by the US’ National Retail Federation shows that the threatened US$300 … [Read more...] about Trade war to benefit Vietnam’s fashion sector
In a press interview during the on-going visit to Vietnam by the U.S. Secretary of State John Kerry from Jan. 12 to 14, Vietnamese Deputy Foreign Minister Ha Kim Ngoc emphasized that economy, trade and investment remain central, driving the bilateral relations. Regarding the bilateral relationship in the time to come, the Vietnamese diplomat said, “We need to exert more efforts to create a favorable environment for U.S. investors and to boost two-way trade”, as there remain great potential for comprehensive cooperation. Priority should be given to joint efforts to overcome the aftermath of the war. Vietnamese Deputy Foreign Minister Ha Kim Ngoc According to the Deputy Foreign Minister, Vietnam and the U.S. have already built an intensive and firm cooperation foundation, practical cooperation mechanisms on the spheres of bilateral, regional and international relations. He believed that with high determination of the two sides, the Vietnam-U.S. relationship will … [Read more...] about Economic, trade and investment cooperation remains central to Vietnam-U.S. relations
During the meeting, leaders of relevant ministries, localities, and businesses analysed the opportunities and challenges of the timber industry and proposed solutions to help the sector further develop in the near future. Vietnam is currently the second largest timber exporter in Asia, behind only China and still considered to be one of the world’s top five largest timber exporters. By the end of the year, the sector is expected to record export turnover of US$11 billion, with revenue from the domestic market reaching approximately US$3 billion. The timber industry is now home to 5,400 businesses which provide stable employment for over 500,000 people. VIFORES has made a significant contribution to spurring the development of the Vietnamese wood sector by providing policy consultancy, boosting trade promotion activities, as well as developing technical standards in the field of wood processing. In addition, the association has also played a critical role in enhancing … [Read more...] about Vietnamese wood exports likely to reach US$20 billion by 2025