Welcome to the 309th edition of Trade War.
China experiences first drop in retail sales since end of Covid. Fixed asset investment falls 4.1% in the first five months. And the property sector continues to swoon with investment down 16.2% this year.
State Council to survey impact of artificial intelligence on employment as China takes more cautious approach to new technology. And top securities regulator warns against AI-induced market frothiness.
Asian stock exchanges soar on global AI boom. And Hong Kong-listed Chinese sour plum snack company LLM surges on meme play.
Why China can’t field a World Cup football team
“He was a total gentleman” on Iran, Trump says about Xi
“Chinese authorities are playing ... long game with chips and AI models”
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