China Injects Record Cash to Sustain Low Rates
Record cash infusion can help rates in China to remain low, motivating lenders to support a higher issuance of government bonds and make more loans to clients.
China - page 21
US Tightens Rules on Chip Exports to China
The administration of the President of the United States Joe Biden has reduced the number of types of semiconductors that local companies can supply to China.
China’s Economy Shows Growth
By the end of September, China’s economy showed a dynamic of recovery.
Alibaba and Tencent Invest in AI Startup
Alibaba Group Holding and Tencent Holdings have joined to $300 million financing for Baichuan, a Chinese startup operating in the sphere of artificial intelligence and seeking, like many other local firms, to benefit from the rapid growth of interest in developing AI-based services like ChatGPT.
iPhone Sales Decline in China
The level of demand for Apple’s new iPhone 15 smartphone line in the Chinese market is lower than the sales volumes of last year’s mobile phone model of the American technology giant.
Baidu Launches Ernie 4.0
The founder of Baidu, Robin Li, said that the artificial intelligence model developed by his company, in terms of the quality of work and the level of efficiency, equaled the characteristics and capabilities of GPT-4 from OpenAI.
Huawei Drives China Stock Boom
Huawei Technologies is currently sparking the hottest stock trading in China.
China’s Exports and Imports Show Slowdown in Contraction
At the end of September, a decrease in the slowdown in China’s exports and imports was recorded.
South Korean Companies to Supply Chip Equipment to Its Factories in China
Last Monday, October 9, the administration of the President of South Korea reported that local companies Samsung Electronics and SK Hynix will receive permission to supply chip equipment to their factories located in China.
China Plans to Grow Its Computing Power
China has announced its intention to increase the country’s computing power.
Real Estate Crisis to Stop Development of China’s Economy for Years
The steady growth of the Chinese economy, which is a historical example of a process that has a high level of sustainability and demonstrates impressive speed, for several decades had been largely due to such a factor as the active development of the real estate sector against the background of population growth and large-scale urbanization, […]
Falling Lithium Prices Indicates Uncertainty About Prospects for Demand in China
The dynamic of the cost of lithium demonstrates a rapid decline, which has already led to the fact that this indicator was at the lowest level in the last two years.
China Plans to Relax Data Rules
Currently, China is discussing the possibility of changing the rules regarding data flows to other countries.
Incomes of Leading Chinese Manufacturers of Chip Equipment Demonstrate Growth
According to the results of the first half of 2023, the revenue growth of the leading Chinese manufacturers of chip equipment was recorded.
Bitcoin Is Legally Recognized in China
In China, the Shanghai Second Intermediate People’s Court officially recognized Bitcoin as a “unique and non-reproducible” currency.
E-Yuan App Adds New Feature for Foreigners
The new mobile top-up feature enables foreigners in China to use their overseas SIM cards to open an e-yuan wallet and recharge it with their bank cards or cash before making a payment.
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