Business Brief (March 18): China Announces Major Foreign Investment Projects
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Iran confirms death of security chief
A social media account of Ali Larijani, secretary of Iran’s Supreme National Security Council, verified early Wednesday that he was killed in a U.S. and Israeli strike. In a related development, U.S. National Counterterrorism Center Director Joe Kent resigned on Tuesday, stating in a letter to U.S. President Donald Trump that he could not “in good conscience support the ongoing war in Iran”, adding that “Iran posed no imminent threat” to the U.S.
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- Iran confirmed security chief Ali Larijani was killed in a U.S.-Israeli strike; U.S. counterterror chief Joe Kent resigned over the Iran war.
- China announced $13.4 billion in new major foreign investment projects and provided aid to Iran, Jordan, Lebanon, and Iraq.
- Nvidia unveiled its enterprise AI model NemoClaw; Qualcomm approved a $20 billion stock buyback; China's 2026 power consumption rose 6.1%.
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Who’s Who
- Nvidia Corp.
- Nvidia Corp. introduced its enterprise-grade Lobster model, NemoClaw. The company also projected that global AI data center revenue will reach $1 trillion by 2027.
- Qualcomm Inc.
- Qualcomm Inc. approved a significant stock buyback program valued at $20 billion. This information was included in a news summary about various companies, indicating a notable financial decision by the American multinational corporation.
- Niu Technologies
- Niu Technologies, also known as 小牛电动, is mentioned in the article as having "significantly narrowed its full-year net loss in 2025." This indicates a positive financial development for the company.
- JD.com Inc.
- JD.com Inc. launched a new online retail brand for the European market called Joybuy. This move signifies the company's expansion into international e-commerce.
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What Happened When
- 2026-03-17：
- U.S. National Counterterrorism Center Director Joe Kent resigned, stating he could not 'in good conscience support the ongoing war in Iran', and sent a letter to President Donald Trump.
- 2026-03-17：
- China’s foreign ministry spokesperson Lin Jian commented on inaccurate media reports regarding the timing and conditions of U.S. President Donald Trump's visit to China.
- 2026-03-18 (early Wednesday)：
- A social media account of Ali Larijani, secretary of Iran’s Supreme National Security Council, verified that he was killed in a U.S. and Israeli strike.
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