In the News: Germany Blocks Chinese Gas Turbine Deal; China Tops the World in Use of Generative AI; and New Regulations for Chinese Short Films

July 11, 2024 | BY

Brian Chan &Krista Lee

Germany's Economy Ministry blocks Volkswagen deal with Chinese company on national security grounds; China leads the world in the adoption of generative AI in banking and healthcare; and Chinese filmmakers wishing to submit short films to overseas film festivals must first register with authorities.

Germany Blocks Chinese Enterprise from Buying Volkswagen Gas Turbine

On July 3, the German government blocked a transaction that involves the sale of MAN Energy Solutions' gas turbine business to