China’s national blockchain research center was launched in Beijing on Wednesday and plans to train over 500,000 blockchain professionals for the country.
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China names head of powerful new financial regulator as industry faces greater scrutiny
China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry.
China’s falling birth rate pushes firms to diversify
STORY: Push chairs, onesies, and cuddly toys.Items in the baby aisle are facing declining sales in China as more people in the country forgo having children.China’s population drop is forcing companies that make things for…
China says it will resolutely object if U.S. curbs investment in semiconductor industry
China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China’s commerce ministry on Thursday.
US cutting off China’s access to tools to make chips for computer servers, artificial intelligence
The US has been joined by Japan and Netherlands in limiting access to Beijing to technology that may be used to make weapons.
How quickly are China’s ChatGPT-style services catching up with Microsoft-backed OpenAI?
The popularity of OpenAI’s ChatGPT has opened the floodgates to similar services in China, with many firms pledging to catch up or even outperform the American company in the world of Chinese language …
China science, technology news summary — May 11
The following is a summary of published science and technology news of China. “ROOF OF WORLD” “There is always someone asking me where Waliguan is, and …
China inflation rate lowest in over 2 Years amid rocky economic recovery from the coronavirus-induced slump
China’s annual inflation rate fell to 0.1% in April 2023 from 0.7% in the previous month, missing market estimates of 0.4%.This was the lowest print since a deflation in February …
Why China Doesn’t Have a Property Tax
Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
China Bonds Rally as Bank Deposit-Rate Cuts Fuel Easing Bets
China’s government bonds extended a rally and bank shares advanced, after the nation asked commercial lenders to cap some deposit rates in a push to support a bumpy economic recovery. Most Read from …
China’s deflation worries deepen as consumer prices grow only 0.1% in April
Deflationary pressure in China is worsening as consumer prices increased at the slowest pace in two years, suggesting weakness in domestic demand and a long road ahead to full economic recovery.
Global companies warn of slower-than-expected recovery in China
Last week, Estée Lauder (EL) suffered its biggest daily stock drop on record after slashing its sales outlook, citing pressures in China and elsewhere in Asia. Starbucks (SBUX) and Qualcomm (QCOM) …
Why the US delayed China sanctions after shooting down a spy balloon
When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to …