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Business Brief (April 29): China Vows to Drive ‘AI+’ Initiative

Published: Apr. 29, 2026 6:33 p.m. GMT+8

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Politburo sets tone on AI

China’s Politburo vowed to comprehensively implement an “AI+” initiative to drive economic growth.

China grants zero-tariff treatment to African partners

Effective May 1, the policy expands on an earlier zero-tariff initiative for 33 least-developed African nations. China will become the first major economy to offer unilateral, comprehensive zero-tariff treatment to all its African diplomatic partners.

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China's Politburo vows "AI+" initiative for economic growth; grants zero-tariff treatment to all African diplomatic partners from May 1.
BYD Q1 revenue fell 11.8% YoY, net profit plunged 55.4%; overseas sales surged >50%.
UAE to exit OPEC/OPEC+ effective May 1, gradually increase production; minister cites energy review, analysts point to regional conflicts and Hormuz disruptions.

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Who’s Who

BYD: BYD, the electric-vehicle maker, reported a sharp first-quarter profit decline: revenue fell 11.8% year-on-year, net profit plunged 55.4%. Overseas sales volume surged over 50%.

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