China Tech Optimism Rekindled Amid Slowly Thawing China-US Ties

Baidu Inc., Xiaomi Corp. and Kuaishou Technology report on the heels of talks between Chinese President Xi Jinping and US counterpart Joe Biden that will define how the countries make progress on sensitive issues such as artificial intelligence and technology.

Xi reiterated that China wants to cooperate with the US across various fields when the leaders met during the Asia-Pacific Economic Cooperation summit this week. They’ve agreed to open a dialogue on AI, with Washington highlighting the need for improved safeguards. The US has been concerned about China’s use of AI, especially for military purposes.