Fed chair Kevin Warsh said the committee discussed productivity and artificial intelligence today.

Beijing Municipal Bureau of Economy and Information Technology issued Measures to support industrial firms' quality and efficiency improvement, urging industrial companies to deepen cooperation with industrial-internet platforms and AI model firms to accelerate platformized design, intelligent production, networked collaboration and digital management. The measures direct optimization of compute-resource deployment and expansion of inclusive compute services to ease firms' access to compute, application deployment and capability building. They explicitly support enterprises purchasing and consuming tokens for AI applications and say eligible firms will receive funding support calibrated to actual token usage.

CSRC chairman Wu Qing said the regulator, working with the People’s Bank of China, will study and advance a pilot program for RMB foreign-exchange futures to boost the attractiveness and competitiveness of China’s opening-up framework.