All items in the Policy & Markets channel.
AP reports Trump leaves on Wednesday for the APEC summit in Shenzhen, his third in-person meeting with Xi this year, and plans to bring Elon Musk. Several outlets' headlines say Putin may join a three-way meeting; I could not verify that.
SCMP reports lawmakers are demanding answers on the national-security risks and control of advanced chip exports to China. Treasury Secretary Bessent blamed the Commerce Department for not restricting Nvidia chips, and Commerce Secretary Lutnick agreed to testify on export controls. Trump and Xi are due to meet in Shenzhen next week.
According to US Treasury Secretary Bessent, the US and China agreed to set up an AI dialogue to guard against shared security risks. SCMP quotes experts saying Washington worries about losing control of systems while Beijing prioritises stability and content rules, which could cloud the dialogue ahead of the APEC summit.
SCMP reports CFO Colette Kress will serve as interim CEO. Many of Nvidia's Chinese employees believe US political pressure was the main reason. Separately, analysts say China could cap rare-earth sales if the US widens chip curbs. These are reported views and analyst judgments, not official findings.
SCMP says the Dutch Enterprise Chamber ruled that Wingtech's actions undermined the court's earlier orders, and court-appointed administrators are sounding out investors about a Nexperia stake. This rests on the article's summary; check the full piece for details.
Reuters reviewed more than 150 procurement notices, investment plans and contracts and found projects and equipment deals worth over RMB 23 billion (about US$3.2 billion). They involve local-government-backed ventures, regional clouds, state engineering groups and universities. The total also covers buildings and power, not just chips.
Advisers from banks, insurers, brokerages, guarantors, lessors and equity investors met Zhangjiang tech companies to discuss credit enhancement, warrant innovation and related topics.
Northwestern Polytechnical University bought two chips in October for a combined RMB 874,700. The investigation did not confirm that Nvidia sold to it directly.
Removal from the list of military-linked companies eased investor worries, and analysts see it as a possible path for other Chinese firms facing similar problems.
New investment will target strategic emerging and future industries, with no less than 80% going to technology innovation.
A single secondary source says MIIT issued a notice on 6 November strengthening network-access management for AI-agent terminals, requiring an identity code on each device. Only one source so far; verify against MIIT's own text before publishing.
Led by CAICT and drafted with Tencent, Ant, Alibaba, Douyin and others, the convention follows up the May agent guidelines' call for stronger industry self-discipline. It is an industry self-regulation document, not a law.
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