Business Brief (Sept. 30): China Sets October Meeting to Discuss 15th Five-Year Plan
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Politburo sets October meeting
China’s Politburo announced Monday that the Fourth Plenum of the 20th Communist Party Central Committee will be held in Beijing from Oct. 20 to 23. The meeting will discuss the 15th Five-Year Plan for national economic and social development.
China slams U.S. export control rules
China’s Ministry of Commerce said it firmly opposes new U.S. export control rules, calling them extremely harmful and a serious disruption to the global industrial and supply chains. The ministry pledged to take necessary measures to protect the legitimate rights and interests of Chinese companies.
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- China’s Politburo will hold its Fourth Plenum in Beijing from Oct. 20–23 to discuss the 15th Five-Year Plan.
- China opposes new U.S. export control rules and has revised maritime regulations, likely as a response to U.S. trade pressures.
- DeepSeek open-sourced its new AI model; China will introduce a K visa for young tech talent, and spot gold surpassed $3,800/oz.
- DeepSeek
- DeepSeek, an AI startup, has open-sourced its DeepSeek-V3.2-Exp model. This model utilizes a sparse attention architecture to reduce computing resource consumption and enhance inference efficiency, aiming to cut API call costs for developers by over 50%.
- China Mobile
- China Mobile has been granted a license to provide satellite communication services. This development was briefly mentioned in a news summary within the article.
- JD.com Inc.
- JD.com Inc. launched an "AI hospital." This initiative places the company among several others entering the AI-powered medical consultation market.
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