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15 Mar China said to fall short of matching US advances in AI owing to ‘many challenges in theory and technologies’

Posted at 11:00h in Asia

China is falling short of matching the United States in artificial intelligence (AI) advances because the nation’s efforts are “littered with many essential challenges in theory and technologies”, according to a recent slide presentation made to Chinese Premier Li Qiang.Those difficulties were pointed out to...

11 Mar ‘Two sessions’ 2024: China’s lawmakers call for more AI development to catch up with US, while keeping it under regulatory control

Posted at 01:00h in Asia

“We must establish a unified market for computing power services and the effective use of resources across the country,” Yu, a CPPCC member, said.Xi Jinping’s hi-tech push steals the spotlight at China’s ‘two sessions’His appeal resonated with other delegates, including telecoms equipment maker ZTE’s senior...

10 Mar China’s ‘two sessions’ 2024: new mandate, party control push central bank beyond ordinary role

Posted at 22:00h in Asia

Rather than take drastic action to silo China from the US and insulate its economy from what already looked like a ticking time bomb, Wang promised his old friend the country would not dump its massive holdings of US treasury bills.Though that news was a...

08 Mar Opinion | Focus on industrial policy holds great promise, and risk, for China’s economy

Posted at 08:30h in Asia

The balance of payments equilibrium suggests that the current account surplus will be close to zero and the overall trade balance will probably show a shrinking surplus. China is still likely to witness large net exports in certain industries, but this will be counterbalanced by...

07 Mar Opinion | How can China hit its GDP target when it needs to grow just to stand still?

Posted at 12:30h in Asia

Does anyone really believe that China will hit its growth target for this year of “around 5 per cent”? Even Premier Li Qiang, who announced the ambitious goal on Tuesday at the opening session of the annual National People’s Congress, is sceptical, acknowledging that it...

07 Mar Hong Kong stocks hit by geopolitics with China’s biotech companies in US Senate’s cross hairs

Posted at 02:56h in Asia

Hong Kong stock markets weakened in early trade, led by Wuxi Biologics and Wuxi Apptech, after a US bill proposed restricting business with Chinese biotech companies on national security grounds. Source link ...

06 Mar Hong Kong stocks in firm start lifted by tech sector ahead of JD.com earnings, caution prevails over lack of China stimulus

Posted at 02:53h in Asia

Hong Kong stocks rose, led by the tech sector which was lifted by e-commerce giant JD.com’s sharp gains ahead of its earnings report, but sentiment was cautious as investors were disappointed by the lack of any major stimulus announcement at China’s annual parliamentary meeting.The Hang...

05 Mar China’s ‘two sessions’ 2024: did premier’s speech move the needle for foreign, private business?

Posted at 11:30h in Asia

Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in...

05 Mar China’s ‘two sessions’ 2024: Beijing should restore confidence in internet sector to propel growth, tech delegate says

Posted at 10:30h in Asia

02:40Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economyChinese Premier Li Qiang delivers his first work report amid concerns about state of the economyChina should formulate regulatory policies in a “scientific” manner, while ensuring consistency in implementation, Zhou...

05 Mar Hong Kong stocks retreat amid worries about economic growth as ‘two sessions’ meeting gets under way in Beijing

Posted at 02:44h in Asia

Hong Kong stocks slipped after China’s GDP target failed to impress investors amid growth worries in the world’s second largest economy as the country’s annual parliamentary meeting, which will provide insights into the government’s plans for the year ahead, gets under way in Beijing.The Hang...

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