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Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of his expected wedding, in Venice, Italy, on June 25, 2025. Guglielmo Mangiapane | Reuters Jeff Bezos is bringing in

Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg |

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Nvidia CEO Jensen Huang said the company has secured approval from the Trump administration to begin selling its advanced H20 chips to China, paving the way for resumed exports of

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China GDP growth beats estimates! Economy grows 5.2% in April-June quarter; exports and Trump tariff relief offer cushion

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China GDP growth beats estimates! Economy grows 5.2% in April-June quarter; exports and Trump tariff relief offer cushion

China’s economy slowed slightly in the last quarter as US President Donald Trump’s trade war intensified, but still managed to expand at a solid 5.2% pace, the government said on Tuesday.On a quarterly basis, the world’s second-largest economy grew by 1.1%, slightly above the 0.9% rise forecast, according to National Bureau of Statistics data cited by Reuters.This pace marked a slight dip from the 5.4% annual growth recorded between January and March. The Chinese economy posted a 5.3% annual growth rate, in the first half of the year overall.A major boost came from robust export growth. On Monday, China said its exports rose 5.8% in June compared to the same month last year, up from May’s 4.8% increase.A temporary reprieve from the steep US tariffs on Chinese goods triggered a wave of orders from businesses and consumers, as trade talks between the two countries resumed. Chinese companies also stepped up exports through offshore manufacturing and trade with other countries, helping cushion the blow of the Trump administration’s tariff hikes.“Generally speaking, with the more proactive and effective macro policies taking effect … the national economy maintained steady growth with good momentum, showcasing strong resilience and vitality,” the National Bureau of Statistics said in its report.Still, a 0.1% drop in consumer prices in the first half of 2025 signalled persistent weakness in domestic demand, a longstanding concern for the ruling communist Party.





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