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BREAKINGVIEWS-Canada’s trade war reset will be a gentle one

Canada is aiming to reduce its reliance on the US by doubling exports to other countries and improving relations with China. A recent trade deal, struck on January 16, will lower tariffs on electric vehicles and canola between Canada and China. Prime Minister Mark Carney's visit to Beijing marks a significant step in rebuilding ties with China, allowing the import of 49,000 Chinese electric vehicles at a 6.1% tariff, while China is expected to reduce tariffs on Canadian canola seed significantly by March 1.

Egan-Jones report discusses China-led industry rollups reshaping global competition with skilled workforce.

A recent commentary by Egan-Jones sheds light on the significant impact of large-scale industry rollups, particularly led by China, on global competition and their implications for institutional investors and risk managers. The analysis points out that the surge in these rollups was initially backed by lower-cost labor and favorable regulations. However, the presence of a vast and competent engineering workforce has propelled advancements beyond initial projections. The commentary emphasizes China's robust position in this dynamic shift.

Europe risks dependence on Chinese AI models, former Google executive Eric Schmidt warns

Europe risks becoming overly dependent on Chinese AI technology, warns former Google executive Eric Schmidt. He emphasizes the need for significant investments in open-source AI labs and addressing high energy costs to remain competitive. Schmidt highlights the contrast between closed-source models favored by American companies and China's open-weight systems. He stresses that without substantial funding for European AI models, Europe may end up relying on Chinese alternatives, which could be detrimental. Additionally, he points out the importance of building more data centers to support AI development in Europe.

He Lifeng attended the World Economic Forum Annual Meeting and visited Switzerland, where he expressed four points of view in his speech at the forum

He Lifeng, a member of the Political Bureau of the Central Committee of the Communist Party of China and Vice Premier of the State Council, attended the World Economic Forum Annual Meeting in Davos, Switzerland, and put forward four points of view: support free trade, uphold multilateralism, promote win-win cooperation, and emphasize mutual respect and equal consultation. He also introduced the situation of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, pointing out that China's development will bring important opportunities to the world and engaged in in-depth exchanges with international business leaders

The NASDAQ Golden Dragon China Index briefly turned positive after initially falling over 0.8%. Popular Chinese concept stock PDD once dropped nearly 4.59%