Fixed-asset investment in China’s railway sector reached 304.9 billion yuan ($42.23 billion) in the first half of 2023, marking a year-on-year growth of 6.9 percent, as per data released by China Railway Group Co (CRCC) on Saturday. CRCC stated that it has intensified its efforts to construct modern railway infrastructure, and significant progress has been […]
Chinese President Xi Jinping focused on the significance of scientific and technological (sci-tech) development during his inspection tour of Jiangsu Province in East China from Wednesday to Friday. He emphasized that the modernization of science and technology is the key to Chinese modernization. During his visit to Nanjing, the capital of Jiangsu Province, President Xi […]
Ant Group, a global technology provider, has announced a proposal to repurchase up to 7.6 percent of its own shares following a 7.12 billion yuan ($993.54 million) fine imposed by Chinese regulators. Experts view Ant’s move to clarify its business scope and return to a reasonable valuation as a positive step towards normalized financing in […]
Chinese Premier Li Qiang met with US Treasury Secretary Janet Yellen in Beijing on Friday, emphasizing the need for the US to adopt a “rational and pragmatic” attitude and collaborate with China to restore bilateral relations. Li also highlighted the potential for China-US ties to flourish after overcoming challenges. Yellen’s visit to Beijing, her first […]
Chinese companies highlighted their latest achievements in the field of artificial intelligence (AI) at the ongoing World Artificial Intelligence Conference (WAIC) in Shanghai, focusing on AI chip capabilities and large language models. These displays come amidst the possibility of export restrictions on AI chips from the United States. Several companies announced new large language models […]
The Asian Infrastructure Investment Bank (AIIB) released an extensive report on Friday, addressing allegations made by a former employee and dismissing them as “unsubstantiated and incorrect.” The report reinforces the bank’s commitment to transparency, integrity, and accountability. The internal review was conducted following allegations made by Bob Pickard, the former global communications director of AIIB, […]
China’s General Administration of Customs (GACC) announced on Friday a ban on imports of food from ten prefectures in Japan, including Fukushima. The decision comes as Japan prepares to dump nuclear-contaminated wastewater into the sea, a move that has raised global concerns and sparked worries among Chinese consumers about the safety of imported Japanese food. […]
China’s Ministry of Finance expressed hope on Friday for improved economic and trade relations between China and the United States. The ministry emphasized that a trade war or “decoupling” would have no winners, highlighting the importance of constructive outcomes and the US correcting its wrongdoings to return the bilateral relationship to a normal track defined […]
China’s cyberspace authorities have unveiled a draft regulation aimed at governing cyber violence. The proposed regulation, titled “Cyber Violence Information Governance Provisions,” introduces the concept of “one-click protection” to shield victims from cyber violence risks. According to the draft released by the Cyberspace Administration of China (CAC), the “one-click protection” function allows individuals who experience […]
China’s education authorities have announced their efforts to address the issue of high unemployment among college graduates by implementing various measures aimed at stabilizing youth employment and creating more job opportunities. This year, China is expected to witness a record number of 11.58 million new college graduates. In response to this, the Ministry of Education […]
