The new batch includes a number of industry-specific LLMs, compared with the general AI models from previous approvals This reflects how AI development and regulation in mainland China are pushing the …
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China approves 14 large language models and enterprise applications, as Beijing favours wider AI adoption across industries
The US is pulling ahead in the economic race with China
These problems include a declining labor force, a property market that is unraveling, and a loss of household and business confidence in the government’s policies. The strong performance of the US …
Evergrande Collapse a Major Blow to China’s Economy
China’s real estate giant Evergrande will be dismantled after a Hong Kong court ordered the company to liquidate on Monday, citing its inability to bring any concrete restructuring proposal to the court after running out…
5 things to know for Jan. 29: Middle East, Border battle, Taxes, Gas prices, China
The lineup is set for Super Bowl LVIII in Las Vegas, where the Kansas City Chiefs will face the San Francisco 49ers on February 11. It will be a rematch from four years ago —…
Beijing’s support aside, Hong Kong must shine as a financial hub
The central government may have stepped in to defend markets but Hong Kong needs to show its ability to fend off regional challengers, such as by tapping its Middle East and belt and road connections…
China Removes Article on ‘Merger’ of Bad-Debt Managers With CIC
Bloomberg News reported in May last year that China was considering transferring the state’s stakes in the three bad debt managers to Central Huijin Investment Ltd., a unit of CIC. The Ministry of …
China’s insatiable appetite for luxury should reassure investors
Despite fears of a slowdown in the global luxury market, unwavering demand from China’s UHNWs may lead to big opportunities for luxury brands …
China Evergrande is ordered to liquidate, with over $300 billion in debt. Here’s what that means.
Hui has been detained in China since late September, adding to the company’s woes. The real estate sector accounts for more than a quarter of all business activity in China and the debt crisis has…
Real estate giant China Evergrande ordered by Hong Kong court to liquidate
She said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting forward a viable restructuring proposal” as well…
What happens next after China Evergrande ordered to liquidate?
Listing rules require a company to demonstrate a business structure with sufficient operations and … the liquidator could take control of Evergrande’s subsidiaries across mainland China by replacing …
IPO fund management assets in China rise to USD3.9T, forex market records strong activity
Recent data from the China Asset Management Association has revealed that the assets affiliated with the management of Initial Public Offering (IPO) …
China’s Leverage in Russia Deal Proves Putin Needs Xi More
Beijing is using its significant leverage over the Kremlin to strike a more favorable deal over a proposed gas pipeline that is vital to President Vladimir Putin’s political stability, according to the Financial Times.
China’s industrial profits set for rebound in 2024, increase as much as 11% due to improved US export outlook
Profits at China’s largest industrial enterprises fell for a second consecutive year in 2023, but analysts say they could increase by between 7 and 11 per cent this year due to an improved export …
