Nov 12 — CUSTOMS deputy director Zhang Baofeng met Somalia Minister of Trade and Industry Hassan. They discussed implementing zero-tariff measures, building a smart customs cooperation partnership, promoting healthy development of agricultural and food trade, and systematically advancing China‑Somalia customs inspection and quarantine cooperation. Somalia’s ambassador to China and Dan attended the meeting.

Fed Governor BARR warned rapid AI adoption may exacerbate inequality in the short term and urged policymakers to prepare for potential severe labor-market shocks. He said the scale and duration of AI’s impact will depend on regulatory safeguards established now. BARR cautioned that market power concentrated in a few AI firms could amplify inequality—boosting executives’ and shareholders’ wealth while smaller firms lose market share. He said most firms and their employees may not fully access continuously improving AI resources, reducing labor income share, raising market concentration and widening inequality. He did not address monetary policy or provide an economic outlook in his Yale speech.

U.S. Senator Warren said Jensen Huang's resignation does not absolve him; NVIDIA still owes Congress an explanation.