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Shenzhen wants to become China's AI hub. The new regulations come after the US restricted AI chip export to China.

A major tech hub in China has been forced to shut down due to fresh COVID-19 cases on the rise. The largest electronics wholesale market in the world, located in the Huaqiangbei area, has been shut down by local authorities in Shenzhen, southern China, due to new COVID-19 cases on the rise, according to a report by SCMP.