China - page 5

Finance & Economics

China Rolls Out Stimulus Package to Revive Economy

China’s central bank has unveiled a broad package of monetary stimulus measures designed to revive the world’s second-largest economy, which is currently facing insufficient factors for an upward trajectory that ensures rapid growth.

Science & Technology

China’s Semiconductor Industry Demonstrates Moderate Movement Forward

In China, the local semiconductor industry is gradually promoting homegrown lithography tools following the specifications published by the central government of the Asian country, but analysts through the prism of skeptical perception assess the quality level of this movement forward, noting in an appropriate context that Beijing has yet to make a kind of breakthrough […]

Science & Technology

Alibaba Rolls Out Over 100 New AI Models

The Chinese company Alibaba on Thursday, September 19, presented more than 100 new models of artificial intelligence with open-source code.

Finance & Economics

China Fines PwC for Its Role in Evergrande Collapse

In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.

News

S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis

Paul Gruenwald, global chief economist at S&P Global Ratings, says that the current state of affairs in the Chinese real estate market is the biggest factor of risk in reducing the economic growth target of this Asian country and notes that Beijing does not seem to be going to make any significant changes to overcome […]

Finance & Economics

China’s Lawmakers Target New Money-Laundering Risks

In China, local lawmakers intend to monitor and analyze new risks in the financial area related to such practices as money laundering.

Science & Technology

Huawei Unveils Mate XT Tri-Fold Handset

Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.

News

China Faces Growth of Deflation Risk

In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.

Science & Technology

Washington Releases New Chip-Related Export Controls

The administration of the President of the United States Joe Biden is presenting a draft of new export control measures for the supply of critical technologies.

News

PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile

The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.

Science & Technology

China Warns Japan of Consequences for Possible New Chip Restrictions

China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.

News

Realme Plans 100 Million AI Handset Shipments in Coming Years

In China, the local smartphone manufacturer Realme intends to ship 100 million artificial intelligence devices over the next three years.

Finance & Economics

China Pledges Support for Green Finance

Last Tuesday, August 27, the Chinese government released a set of guidelines to ensure support for its largest economic zone through multi-level capital markets.

Science & Technology

IBM to Close Its China R&D Department

International Business Machines (IBM) Corp. is shutting down a key research division in China.

Fintech & Ecommerce

Where Are Contactless Payments Heading?

We all remember 2020 when the pandemic threat made contactless the new black. The fewer objects you touch, the less risk of infection. The payments industry was one of the most impacted sectors since cash was listed among the main virus transmitters. However, the world has rebounded from the Covid narratives and most economic sectors […]

News

DBS Leverages PBOC’s Carbon Emission Reduction Facility to Issue RMB 500M Green Loan

The green loan provided by DBS will help Envision Energy develop a 100-megawatt wind turbine farm in the Henan province in northeastern China.