CHINA News  

August 27, 2024
China's Stealthy Debt Control
China is taking a firm grip on the reins of municipal infrastructure projects, nudging local governments to adhere strictly to approval procedures, ensure proper financial backing, and enforce robust budgetary controls. This move is seen as an attempt to curb what's known as 'hidden debt'.
August 26, 2024
China's Triumphant Victory in Valorant
Edward Gaming, a Chinese esports team, proudly secured China's inaugural world championship title at the annual Valorant shooting game competition this past Sunday.
August 26, 2024
Beijing's Leap into AI-Driven Robotics
The municipal government of Beijing has unveiled a groundbreaking Artificial Intelligence Standardisation Academy. This institution is charged with establishing comprehensive regulations and standards for AI products, particularly focusing on their deployment in the booming robotics sector.
August 19, 2024
Ex-Huawei Prodigy Challenges Tesla
Agibot founder and former Huawei 'Genius Youth' recruit, Peng Zhihui, confidently asserts his company's pioneering status in the industry following the unveiling of their latest series of humanoid robots, set to contend with Tesla's Optimus.
August 19, 2024
US-China Finance Talks Amid Strains
Last week in Shanghai, the Financial Working Group, comprising officials from both the US and China, convened for a two-day intense discussion. The agenda covered a broad spectrum of issues, aiming to reinforce cooperation during these challenging times.
August 19, 2024
Shein's £373M First Step in Guangzhou
Shein has received the green light to kickstart the initial phase of their new supply chain hub in Guangzhou. The local government has given the nod to 25 construction permits, covering an impressive development area of no less than 800,000 square metres.
August 18, 2024
Beast Event: Fintech Innovation Unleashed
The first-ever Beast event, set to take place amidst Fintech Week in late October, will serve as a dynamic platform for start-ups and banking professionals to fuse their ideas and construct a robust tech ecosystem in Hong Kong, as revealed by a high-ranking BEA official.
August 16, 2024
UK Enthusiasts Eye Hong Kong's Gaming Surge
Hong Kong's video gaming industry is set to shine brighter as GenAI adoption accelerates. This progression is poised to bolster Hong Kong's reputation in the realm of AI-infused entertainment.
August 16, 2024
Meituan Expands Rapid Delivery in UK
In a groundbreaking partnership with Midea, the food delivery titan, Meituan, is broadening its horizons. It's making a foray into China’s booming on-demand e-commerce market by providing an exciting range of products with a promise of 30-minute delivery. This innovative service primarily targets home appliances, making it a game-changer in the industry.
August 16, 2024
AMEC Challenges US Defence Over 'Military' Label
Advanced Micro-Fabrication Equipment (AMEC), a renowned chip tool manufacturer from China, has launched a legal battle against the US Department of Defense. AMEC is disputing claims of its association with the Chinese military and is seeking to overturn its inclusion in a blacklist.
August 16, 2024
UK Shocked by Chinese Banker's Murder
In a shocking incident that left the UK financial community stunned, Zheng Zhiying, the chairman of the Bank of Handan in China, was reported to have been fatally stabbed in his office. The alleged assailant, a former employee, is currently in custody. Zhiying succumbed to his injuries in hospital on Thursday, according to reports.
August 16, 2024
TikTok Challenges US Allegations in Court
TikTok has contested American accusations in a federal appeals court, expressing that the US Department of Justice has inaccurately portrayed the social media platform's relationship with China. The company is pleading for the court to reverse a law that mandates ByteDance, TikTok’s parent company, to offload its US assets or risk being banned.