Morning Bid: Markets shrug off upbeat news from Japan and China

China’s latest efforts to boost consumption provided a small lift to mainland stocks, but markets continue to look ahead to the Politburo meeting, expected next week, for bigger stimulus announcements. The piecemeal measures unveiled so far suggest there’s plenty of scope for disappointment.

China Is Striking Back in the Tech War With the U.S.

On October 7th, the U.S. government committed to stopping China from becoming an AI-enabled authoritarian superpower. Things got tougher for China in March 2023, when Japan and the Netherlands announced that they were also adopting new export controls on advanced semiconductor manufacturing equipment.