China’s Zhipu Jolts AI Race as ‘Scare Trade’ Grips US | The China Show 2/12/2026

“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, David Ingles and Annabelle Droulers give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – Bloomberg: The China Show opens
00:02:17 – Industries brace for AI shake-up
00:04:56 – Strong US jobs data dims rate-cut hopes
00:07:47 – China’s Zhipu unveils new AI model
00:10:45 – What to watch in Greater China today
00:12:29 – US House votes to end Trump’s Canada tariffs
00:15:07 – Breaking: Yuan reference rate at 6.9457 per USD; est. 6.9129
00:15:45 – Indonesia steps up efforts to boost nickel prices
00:27:54 – Lingjun Investment’s Siyun Zhan on quant fund performance
00:38:43 – Waymo Co-CEO on expansion plans
00:50:20 – Industries brace for AI shake-up
00:50:47 – JPMorgan Asset Management’s Stephanie Aliaga on AI investments
01:02:58 – SoftBank 3Q results seen boosted by AI valuations
01:09:01 – Alert: Offshore yuan poised for longest win streak in two years
01:11:57 – Binance’s Richard Teng on business, crypto outlook
01:22:51 – Trending in China: Xi’s holiday message to military
01:26:47 – Trump energy chief says US aims to ‘set free’ Venezuelan economy
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