Chinese startup DeepSeek has shaken financial markets by presenting a new artificial intelligence (AI) model. The company from China unexpectedly caused a drop in stocks of Silicon Valley tech companies on Wall Street.

Last March, Chinese Premier Li Qiang opened the legislature’s annual meeting by setting an economic growth target for 2024 of “ around 5 percent .” This was considered ambitious, given the economic headwinds: a property market slump that has crimped people’s savings, high youth unemployment, factory overcapacity and sluggish retail spending.

China is suffering from deflation, devaluation, capital flight and the loss of foreign investment — all at the same time. Unprecedented, far worse than "Japanification."

China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

Chinese Premier Li Qiang also a member of the Standing Committee of the Political Bureau of the Communist Party of

China's fiscal revenue in 2024 rose 1.3% year on year, narrowing from 6.4% expansion in 2023, finance ministry data showed on Friday, as a property market slump and slowing domestic demands weighed on the economy.

The founder of artificial intelligence (AI) firm DeepSeek, touted as 2025's "biggest dark horse" in the open-source large language model (LLM) arena, emerged as the industry's new face in China at a symposium hosted by Premier Li Qiang in Beijing on Monday.

Friday's debut of new pandas at the National Zoo in D.C. is the latest chapter in a long tale of "panda diplomacy" between China and the rest of the world.

Peter Dutton has claimed Australia’s relationship with China will be “much stronger” should the opposition win the next election, despite the many trade sanctions enforced by Beijing during the Morrison government in response to the Coalition’s hawkish language against its biggest trading partner.

DeepSeek threatens to disrupt the AI sector in a similar way to how Chinese companies have already upended industries such as EVs and mining.

Prime Minister Datuk Seri Anwar Ibrahim today reminded the public to remain focused on boosting the national economy and not be distracted by issues arising in