Yang Zhilin, founder of Beijing-based Moonshot AI, was a guest speaker at the GTC in San Jose last month. He delivered an almost identical presentation less than two weeks later at China’s state-backed Zhongguancun Forum in Beijing.

Huffington Post reports on the real economy. Working Americans are feeling the squeeze of rising costs and sudden instability in the current economic climate. Already a member? Log in to hide these messages and you won't see this article.  

Hong Kong will host the world's top law enforcement officials at Interpol's annual general assembly from November 17-20. Lawyers, rights activists and former police officers warn that the meeting in China could embolden authoritarian regimes and inhibit participation by reporters and NGOs. The Hong Kong authorities have prosecuted thousands of people, including many journalists and civil society participants, under a tough state security law that took effect in 2019.

China is stepping up its diplomacy on the Iran war, putting forward a five-point proposal with Pakistan and rallying support from Gulf countries. It is China's latest push for a more prominent role in global affairs, though it may prove to be more rhetorical than substantive. The U.S. administration has little enthusiasm for the prospect of China’s mediation.

Japan is considering relaxing its rules on the sale of offensive weapons. The new regulations would make a distinction between lethal equipment and non-lethal technology such as radars. Lethal equipment would be allowed to be sold to countries with which Japan already has deals to exchange defence technology.

In Peru, Argentina and Ecuador, I have visited several Chinese enclaves. There are hometown associations connecting migrants from the same Chinese provinces, Mandarin-speaking churches that double as support networks and WeChat groups organising everything from childcare to bulk purchases of cooking oil. In Buenos Aires, neighbourhood minimarkets are often run by Chinese migrants. Masseuse Wang has lived in Buenos Aires for 20 years and owns a property. She eats exclusively Chinese food, her friends are fellow Chinese and she speaks mostly Chinese. She is planning to return to China when she retires.

This week's note is written in Storrs, CT ahead of the NCAA semifinal. It covers the preponderance of macroeconomic policy shocks and the implications for the FOMC's dual mandates and markets. The recent fiscal, monetary, and regulatory actions are creating disinflationary pressure without yet fully killing the current expansion. The labor market appears superficially stable, but collapsing hiring and separation churn is masking contracting demand and slowing wage growth. Tariffs have reduced the trade deficit modestly, but mainly through transshipment rather than lower imports. Capital investment is heavily concentrated in AI infrastructure, raising concerns about sustainability.

153,272 Hongkongers have left Hong Kong as of 10 am on Saturday. They are taking advantage of the Easter holiday to enjoy a wider range of shopping, dining and entertainment options at bargain prices in Shenzhen. On Friday, 709,837 residents left the city, 76,709 mainland visitors and 44,208 from elsewhere.