CHINA News  

September 6, 2024
Resurrecting Hong Kong's 'Ghost Bridge'
Hong Kong is racing against time to enhance transport connections with neighbouring cities, in light of the promising prospects brought about by the newly established Shenzhen-Zhongshan Link in the Greater Bay Area.
September 6, 2024
Revolutionary GrootX Wins Urban Tech Challenge
Securing victory in the prestigious City I&T Grand Challenge, the groundbreaking GrootX system shows promise in boosting saplings' survival rate, signifying a triumph for both innovation and nature.
September 6, 2024
Tech Giants Unite for AI Supply Chain Standard
Under the guidance of a UN framework, a fresh AI supply chain standard has been introduced. This new standard, uniting heavyweights like Ant, Tencent, Baidu, Microsoft, Google, and Meta, aims to protect against potential threats such as data breaches, model interference and supplier non-compliance.
September 6, 2024
WeChat Pay Excites Alibaba Vendors
Alibaba vendors are celebrating the integration of Tencent's WeChat Pay on Taobao and Tmall. This could potentially attract a broader customer base from competing platforms, owing to the diversity in payment options.
September 5, 2024
Yuan's Growing Global Influence
Huang Qifan, former mayor of Chongqing, insists China harbours no grand illusions of the yuan dethroning the US dollar, despite the rising global prominence of their currency. Yet, it is still not proportionate to China's significant economic strength.
September 5, 2024
Ex-Mayor Discusses Yuan's Global Impact
Huang Qifan, the former mayor of Chongqing, underlines that China holds no grand illusions about the yuan overthrowing the US dollar, despite its increasing international presence. However, he notes that the currency's global standing doesn't yet mirror China's economic prowess.
September 5, 2024
China's Tech Boom
In the second quarter, China's tech industry made a massive investment, purchasing US$12 billion worth of chip-manufacturing equipment. This significant spend not only reflects the burgeoning demand within the country, but also contributed to a 4% rise in global semiconductor equipment revenue, counterbalancing contractions in other major markets.
September 5, 2024
China's Tech Spree
Despite a downturn in major markets, the global semiconductor gear revenue saw a 4% rise, thanks to China's skyrocketing demand. The Asian giant spent a staggering US$12 billion on chip-making equipment in the second quarter, marking an escalating tech war.
September 5, 2024
Enhanced Financial Ties: Hong Kong-Mainland
Finance Minister Paul Chan of Hong Kong hints at an ambitious plan to significantly enhance the financial interconnectivity between Hong Kong and mainland markets. The minister has pledged to unveil a series of strategic initiatives aimed at strengthening this connection.
September 5, 2024
UK Interest Peaks as Chinese Unicorn Zhipu Secures Funding
In the midst of an artificial intelligence surge in mainland China, the state-supported investor Zhongguancun Science City Innovation Development has pumped new funds into the Chinese unicorn, Zhipu. This new infusion of capital places Zhipu AI’s worth at an impressive US$2.8 billion.
September 5, 2024
Economist Critiques US' China Strategy
Yu Yongding, a previous counsellor to China's central bank, provides his insights on the US's approach of limiting China's access to crucial technologies, deeming it unbeneficial for both parties.
September 5, 2024
Ant Group Unveils AI Personal Assistant
Ant Group, a leading figure in the fintech world, has launched an innovative AI personal assistant app in China, named Zhixiaobao. The app cleverly facilitates everyday tasks for its users. Whether it's ordering food or booking a taxi, all can be done seamlessly through text or voice commands. The name 'Zhixiaobao' is a nod to the Chinese name for Alipay, showcasing its domestic roots.