AGP Executive Report
Last update: 4 hours agoNvidia Probe: Nvidia’s board is investigating whether CEO Jensen Huang was targeted by Chinese intelligence after he acknowledged an affair with a business executive suspected by US officials of gathering information for Beijing. The company says it has no reason to believe its secrets or US national security were compromised; China calls the allegations baseless smears. US-China Ties: Beijing extended its tariff truce with Washington for two months, keeping an additional 10% tariff while suspending a further 24%. China also said it was communicating with relevant parties after Donald Trump said he expected to meet Xi Jinping and Vladimir Putin at next week’s APEC summit in Shenzhen. Taiyuan Fire: A high-rise apartment fire in Shanxi’s capital killed 14 people and left 60 others evacuated or rescued. Local authorities said property managers were under control measures as the cause remained under investigation. Economic Outlook: China’s October producer inflation accelerated to 5.7% year on year, its highest since June 2022, while consumer prices rose just 0.7%, pointing to a widening gap between factory costs and household demand. Climate: China’s emissions are reportedly falling at their fastest pace since the pandemic, as renewable power expands.
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