China’s Aviation Sector Reports Profit
In China, the local civil aviation sector has reported making a profit.
China - page 5
China’s Central Bank Halts Bond Buying
The People’s Bank of China on Friday, January 10, announced that it had suspended the purchase of treasury bonds, against which a jump in yields was recorded and rumors began to actively circulate that this decision by the Asian country’s financial regulator was aimed at protecting the yuan, which is currently on a trajectory of […]
Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion
The Chinese property development company Country Garden has proposed to its offshore creditors the deal, which will reduce the debt of this firm by $11.6 billion.
China Orders Miners to Report More of Their Overseas Reserves
Beijing has ordered Chinese investors in foreign mining projects to report on their proven and prospective reserves of crucial minerals.
Shipments to China of Foreign-Branded Smartphones Decline
Shipments to China of smartphones from foreign brands in November fell by 47.4% compared with a year ago, according to data published in the current week by the research company affiliated with the government of the Asian country.
China Proposes New Export Curbs on EV Technology
China is currently considering restricting exports of technologies used for extracting minerals, which are critical to the growth of the global electric vehicle industry.
China’s Factory Activity Growth Misses Expectations
The growth of factory activity in China in December showed a pace that turned out to be lower than the preliminary expectations of experts and became clear evidence that the stimulus measures imposed in the second half of 2024 are not enough to significantly boost the economic system of this Asian country.
Alibaba Slashes Prices on Large Language Models
Last Tuesday, December 31, Chinese technology and e-commerce giant Alibaba announced an up 85% price cut for its large language models.
Xi Jinping Says China’s 2024 GDP Growth Set to Hit Target
The head of the People’s Republic of China, Xi Jinping, said that the economic system of this Asian country will show growth in 2024, which will amount to about 5%.
Experts Predict China’s December Manufacturing Activity to Expand
Experts interviewed by the media are of the opinion that factory activity in China was probably on an upward trajectory in the current month, generating hopes and reasons to be optimistic about the prospects of the future for local officials, who are making efforts to stabilize the situation in the economic system of this Asian […]
China Revises Up 2023 GDP
On Thursday, December 26, China revised upward the size of its economy by 2.7%.
US Launches New Probe Into Legacy Chinese Chips
This week, the administration of the President of the United States Joe Biden launched a new probe regarding legacy Chinese semiconductors, which can be used in a large number of product categories, including the automotive industry, the defense systems sector, and the household goods section.
China Keeps Benchmark Lending Rates Steady
Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
China’s GenAI Sector Sees More Funding
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
China’s Integrated Circuit Output Slows
In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.
China Seeks to Dominate in AI
China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.
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