Shanghai, Shenzhen to lift key home purchase curbs to boost demand, sources say
"Under the planned changes, potential buyers will no longer have to be vetted for eligibility and people from other places in China will be allowed to buy homes in the popular cities, which had been previously tightly controlled due to worries about excess speculation."
--- Won't do much, I suppose. Only the rich can actually afford to buy real estate in Shanghai & Shenzhen.
China Urges Local Companies to Stay Away From Nvidia’s Chips
"In recent months, several Chinese regulators, including the powerful Ministry of Industry and Information Technology, issued so-called window guidance — instructions without the force of law — to reduce the use of Nvidia, the people said. The notice was aimed at encouraging companies to rely on domestic vendors like Huawei and Cambricon, they added. Beijing also amplified the message via a local trade group, according to another.
At the same time, Chinese officials want local companies to build the best AI systems possible. If that means they need to buy some foreign semiconductors over domestic alternatives, Beijing will still tolerate that"
--- 'We build the best chips possible, therefore you shall not buy foreign chips. But if you need foreign chips to produce better AI, we'll probably ignore that.' CCP logic.
"Some of the companies are turning a blind eye to the Chinese decree to avoid H20 chips and rushing to buy more of them before an anticipated sanction from the US by the end of this year, one of the people said, though they are also buying homemade Huawei chips to please Beijing."
--- 'We buy the best chips possible to kowtow to the CCP, & then we buy the actual best chips to produce something that actually works.'
EU changes hydrogen project auction rules to limit Chinese presence
"Earlier this year, the bank allocated nearly 720 million euros to seven renewable hydrogen projects but Europe's industry raised concerns that the winners were relying on cheaper Chinese-made parts."
--- Because many Europeans just don't want to learn.
"Equally important, is the need to cut through red tape."
--- Germany: 'Did someone say red tape? We have a lot more of it. Just ask & we deliver.'
China is part of the US election - but only from one candidate
"And when he talks about China, Trump focuses on matters of tension between the two global powers, painting the country and the world’s second-largest economy, as a kind of economic predator."
--- Well, Trump may be a moron, but where he's right, he's right.
"If Harris wins, on the other hand, there may not be a significant change from the current Biden administration, even if the current president has frequently deployed sharper rhetoric to describe the US-China rivalry."
--- Biden himself would probably be a bit harder on China, but he has to work with a strong faction that doesn't want to anger China too much. I suspect, Harris is more on the dovish side of things, so under her presidency China policies would be even weaker than they are now.
China calls on Hong Kong tycoons to help kickstart national economy
China’s industrial profits plunge by 17.8% in August from a year ago
--- China Uncensored features the usual weekend news variety:
--- CNA: "Can China's Greater Bay Area rise above geopolitics in tech race?"
--- CNBC: "Emerging markets expert David Riedel suggests caution on China's market bounce"
China senkt Mindestreserve zur Unterstützung der Wirtschaft (Gähn...)
