Executives attending the seventh China International Import Expo (CIIE), which began in Shanghai on November 5 and runs through November 10, are increasingly optimistic about expanding their footprint in China. This surge in confidence is largely driven by the country’s recent removal of market access restrictions for foreign investors in the manufacturing sector. China’s National […]
Meta’s social networking platform Threads has crossed a significant milestone, reaching 275 million monthly active users, as it continues its battle to rival X (formerly Twitter). The achievement was announced on Sunday by Adam Mosseri, Head of Threads and Instagram, who expressed his gratitude to users while acknowledging there’s still work to be done. “We […]
Backed by combined policy support from central and local governments, Shanghai’s real estate market is beginning to show recovery signs, with industry experts predicting a comprehensive restoration in the coming months. Yao Yao, head of research for JLL China, noted several positive changes in the third quarter. Demand for office leasing is increasing, driven by […]
SAN FRANCISCO – Meta Platforms, Inc. announced its financial results for the third quarter ending September 30, revealing a total quarterly revenue of $40.59 billion, a 19% increase compared to the previous year. Net income for the quarter rose significantly to $15.69 billion, reflecting a 35% increase from $11.58 billion year-over-year. Diluted earnings per share […]
As the semiconductor industry evolves with increasingly complex and integrated chips, the importance of chip quality and technological breakthroughs is becoming more critical, according to Wang Xiaoyin, a core engineer at Teradyne China Design Center. Wang emphasized that the design of testing hardware is essential for ensuring chip quality and facilitating innovation. “Testing hardware must […]
On September 26, the Political Bureau of the Communist Party of China Central Committee held a pivotal meeting to assess the current economic landscape and strategize on achieving this year’s development targets. Despite acknowledging some economic challenges, officials affirmed that China’s economy remains generally stable, supported by robust fundamentals and potential. Key insights from the […]
China’s National Development and Reform Commission (NDRC) has announced that work-relief programs implemented by local governments have successfully created 2.45 million jobs for low-income workers in the first three quarters of 2024. This marks a 30.2% increase year-on-year, demonstrating the effectiveness of these initiatives in boosting employment amid ongoing economic challenges. The programs, which focus […]
Experts at a recent forum in Beijing emphasized the need for AI-empowered smart governance to prioritize inclusiveness, equality, and diversity while fostering multilateral cooperation. Zhu Xinkai, vice-president of Renmin University of China, highlighted the importance of a human-centered approach that blends technical and value rationality to meet diverse societal needs. Wang Weiping, deputy director of […]
CITIC Capital Holdings Ltd has announced that its private equity arm, Trustar Capital, has signed an agreement with CITIC Group to acquire its shares in McDonald’s businesses on the Chinese mainland, as well as in Hong Kong and Macao. This move solidifies CITIC Capital’s position as the controlling shareholder, maintaining a 52% ownership stake in […]
BEIJING, Oct. 29 – Chinese Premier Li Qiang met with Finnish President Alexander Stubb in Beijing on Tuesday, reaffirming the commitment to enhance cooperation between the two nations. Li highlighted the positive trajectory of China-Finland relations since the establishment of their cooperative partnership, noting the continuous promotion of mutually beneficial cooperation across various sectors that […]
