The International Monetary Fund has warned China about misallocation of resources and urged policymakers to prioritize market forces over supporting specific sectors. China’s GDP growth accelerated to 4.5 percent in the third quarter, driven by surging exports while the country struggles to transition away from real estate. Visa received Beijing’s approval to operate its bank card business in China after 40 years of working in the country. Kunwei Technology, which supplies sensors to Chinese humanoid robot companies, plans to set up a factory in the United States to more easily serve American humanoid startups.
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