News Snapshot:
(Bloomberg) -- There are “signs of hope” in the U.S.-China relationship, especially when it comes to health care and deep technology such as artificial intelligence, according to venture capitalist Kai-Fu Lee. “Deep tech is an area China is committed to making work,” the chief executive officer of Beijing-based Sinovation Ventures said Thursday at the Bloomberg Wealth Summit in New York. “Now is a window of opportunity.” The Chinese capital market is open to U.S. investors, he said in a panel moderated by Bloomberg Television’s Caroline Hyde. His venture capital firm -- one of the first from China to have a...
