Chinese government agency
Appears in 3 stories
Ordered the Meta-Manus deal unwound
Meta has abandoned its $2 billion purchase of Manus, a Chinese-founded AI startup, after Beijing ordered the deal unwound. Manus raised over $500 million in October, bought back Meta's stake, and now operates independently with Tencent as its lead backer.
Updated Yesterday
Coordinating stimulus and infrastructure investment
China's factory activity expanded in September for the first time in three months. The official purchasing managers' index (PMI) climbed to 50.1 from 49.8 in August, crossing the line that separates growth from contraction.
Updated Oct 2
Approved $42B in early 2026 infrastructure projects
China just front-loaded $42 billion in infrastructure spending for early 2026—281 projects approved before the calendar even flipped. The U.S. Infrastructure Investment and Jobs Act, passed with $1.2 trillion in 2021, has spent just 21% of its funds as of December 2024.
Updated May 19
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
