Day: March 17, 2026
China’s Hua Hong Group Corporation, the country’s second-largest contract semiconductor manufacturer, has developed technologies to produce advanced chips optimized for artificial intelligence applications. This marks a major milestone in Beijing’s effort to reduce dependence on foreign semiconductor technology, AzerNEWS reports.
According to the International Energy Agency, China’s demand for gasoline and diesel has already begun to decline despite continued economic growth, while total crude oil demand has largely plateaued. One of the most striking developments is the rapid expansion of electric mobility. More than half of all new cars sold in China last year were electric, reflecting the country’s aggressive push toward electrification.
