China Power: State-Spun, Not State-Run
China’s new white paper sets out its bid to lead the world. But its lead in open-weight AI was built by firms that took their orders from the market.
Grüezi!
In January 2025 investors wiped $589bn off Nvidia in a single session – the largest one-day loss in US market history, on Bloomberg’s reckoning – all because of a free Chinese model.
Airbnb now uses a model from Alibaba to answer its customers; the maker of Cursor built its coding model on one from a Beijing lab.
And last week Apple asked Washingto…
