Weekly Recap: Exciting Developments in China!
This week in China, there have been some significant developments that you need to know about. From Elon Musk’s big wins to a new plan to address the property crisis and Huawei’s latest chip, here’s a quick overview of what’s been happening.
Elon Musk’s Big Wins in China
– Tesla received tentative approval to deploy its driver assistance system in China
– Beijing is exploring new measures to tackle the housing crisis
– Possible rate cuts hinted at by President Xi Jinping
– Third plenum scheduled for July for potential long-term reforms
Huawei’s Latest Chip Success
– Huawei’s new smartphones feature the advanced Maen China chip
– The Pur 70 series sold out within 2 days of launch
– Highlighting the firm’s ability to sustain production of its 7 nanometer processor amid US tech restrictions
Hot Take: A Week of Progress and Innovation in China
This week in China has seen some significant steps forward in various sectors. From Tesla’s approval for its driver assistance system to Huawei’s successful chip launch, innovation is thriving in the country. Stay tuned for more updates on these exciting developments!
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