AGP Executive Report
Last update: 10 hours agoAPEC Diplomacy: A China-Japan leaders’ meeting at the Shenzhen summit looks unlikely amid continued tensions, while Canadian Prime Minister Mark Carney is heading to China as Ottawa seeks to diversify trade. A new poll finds 41% of Canadians more supportive of trade with China amid U.S. tensions. Trade: China’s goods trade grew 20% in the first 10 months, with imports up 23.6% and exports 17.6%, as AI demand lifted shipments of electronic components. Beijing also extended its pause on some U.S. tariffs and rare-earth controls into January. AI and Chips: Nvidia has opened an independent probe into CEO Jensen Huang’s reported affair with Alice Huang, whom U.S. officials suspect of ties to Chinese intelligence. Huang says he had no knowledge of the allegations; Beijing calls them smears. The affair has triggered a shareholder lawsuit and renewed scrutiny of U.S. chip exports to China. Public Safety: A fire at a high-rise in Taiyuan, Shanxi, killed at least 14 people and sent 38 to hospital; the cause is under investigation.
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