BUSINESS

Business Brief (Sept. 25): China to Forgo New Special Treatment in WTO Talks

Published: Sep. 25, 2025 11:17 a.m. GMT+8

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China Forgoes New Special Treatment in WTO Talks

In a speech at a high-level meeting on the Global Development Initiative, Premier Li Qiang stated that China, as a responsible major developing country, will not seek new special and differential treatment in current and future World Trade Organization (WTO) negotiations. He said that China will always support and promote common development and will more actively take action and demonstrate its due responsibility.

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China will not seek new special treatment in WTO negotiations and pledges responsible development actions.
OpenAI, Oracle, and SoftBank plan over $400 billion in U.S. AI data center investments; U.S. imposes 15% tariffs on EU auto imports starting Aug. 1.
Gold prices hit a record $3,800/oz after a Fed rate cut; major regulatory and business developments in China, including new food delivery rules and green-powered railway launch.

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Who’s Who

OpenAI: OpenAI, a key player in artificial intelligence, is partnering with Oracle and SoftBank to significantly expand AI infrastructure in the U.S. They plan to invest over $400 billion across five new data centers within the next three years. This initiative highlights a major commitment to advancing AI capabilities.

Oracle: Oracle, in collaboration with OpenAI and SoftBank, has announced an investment exceeding $400 billion over the next three years to construct five new artificial intelligence (AI) data centers in the U.S. This initiative aims to bolster AI infrastructure.

SoftBank: SoftBank, in collaboration with OpenAI and Oracle, plans to invest over $400 billion over the next three years to build five new artificial intelligence (AI) data centers in the U.S.

Alibaba: Alibaba is increasing its investment in AI infrastructure. Its cloud unit has announced a collaboration with Nvidia in the field of physical AI. This indicates a strategic focus on expanding its capabilities and presence in the burgeoning artificial intelligence sector.

Nvidia: Nvidia was part of a collaboration with Alibaba's cloud unit in the field of physical AI. This partnership comes as Alibaba increases its investment in AI infrastructure, reflecting the growing global focus on artificial intelligence development.

Xiaomi: Xiaomi's founder, Lei Jun, is scheduled to deliver his annual speech on September 25. During this event, the company is expected to officially unveil its new Xiaomi 17 series of products.

GlobalFoundries: GlobalFoundries has announced a capacity cooperation project in Guangzhou. This initiative aims to address the significant demand for automotive chips.

Pfizer: Pfizer is re-entering the weight-loss drug market by securing a deal worth $4.9 billion. The company's move signifies a renewed focus on this therapeutic area.

Unitree Robotics: Wang Xingxing, the CEO of Unitree Robotics, stated that it is challenging to integrate high-compute chips into humanoid robots. He also commented that large-scale robotics models are currently not practical for use.

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