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Isabel KUA

China blocks Meta's acquisition of AI firm Manus

China blocks Meta's acquisition of AI firm Manus

China has blocked Meta's acquisition of AI startup Manus, the top economic planning body said Monday, after a regulatory review that reportedly also saw Beijing restrict two co-founders from leaving the country. Facebook owner Meta had agreed to acquire Manus, an artificial intelligence agent created by a

China sets lowest growth target in decades as consumption lags

China sets lowest growth target in decades as consumption lags

China set its lowest annual growth target in decades on Thursday, at 4.5-5 percent, as the government outlined plans to tackle sluggish consumption and a flagging property market. Beijing also used its showpiece annual political gathering to announce a seven percent increase in its defence budget, the second