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WASHINGTON (Reuters) - The United States risks becoming increasingly isolated unless it works with allies to oppose China's predatory economic policies, according to a new report that maps out a comprehensive strategy of U.S. "partial disengagement" from China.
BANGKOK: US Commerce Secretary Wilbur Ross said on Tuesday that very good progress was being made towards completing a phase one trade agreement with China and he was hopeful that it would be a precursor to a much more robust agreement.
JAKARTA: Indonesia's economic growth slipped to its weakest in over two years, broadly meeting expectations, data showed on Tuesday, signalling more monetary or fiscal stimulus is on the cards over coming months to spur demand knocked by a global slowdown.
BEIJING: China’s central bank has finally helped put the brakes on the downward spiral in government debt.
KUALA LUMPUR: The FBM KLCI returned to the 1,600-point mark on Tuesday on mild profit-taking following the recent advance on the stock market.
US government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, a government-commissioned panel led by Google's former CEO said in an interim report on Monday.
SYDNEY: Australia kept interest rates unchanged Tuesday, betting that a rebound in property prices will increase household wealth and confidence and see consumers more willing to part with their cash.
HONG KONG (Reuters) - The Chinese Communist Party said on Tuesday it would "perfect" the system for choosing the leader of Hong Kong after months of anti-government protests, as police in the ex-British colony fired water cannon to break up a Guy Fawkes-themed march.
Former central bank chief Zhou warns that AI will likely increase income inequality and China should prepare
Zhou’s comments come amid growing rivalry between China and the United States over global AI supremacy. Former PBOC governor says policies should be put in place to guide AI development – specifically what the technology can and cannot do – along with tax policies.