Delia Song April 16, 2017 0 comments

China Focus: Dropping currency spat produces mutual gains for China, U.S.

  Source: Xinhua Despite speculation to the contrary, the U.S. government has decided not to brand China a currency manipulator. After seeking truth from facts, the United States has chosen a direction that will benefit the two economies and the world at large. In a semiannual report to the U.S. Congress
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Delia Song March 10, 2017 0 comments

China to take steady steps in opening bond market: central bank

Source: Xinhua China will further open its bond market to foreign investors in a step-by-step manner along with the internationalization of RMB, central bank officials said here Friday. China’s bond market has always been open to foreign investors, and the progress made in the internalization of RMB last year has
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Delia Song March 10, 2017 0 comments

Policy guidance for outbound investment necessary: central bank governor

Source: Xinhua China’s central bank governor Zhou Xiaochuan on Friday defended the country’s policy guidance for overseas investment, saying the move is necessary to rein in the irrational tendency in some sectors. At a press conference on the sidelines of the annual parliamentary session, Zhou said the country is seeing
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Delia Song March 10, 2017 0 comments

Chinese SMEs show up at Mobile World Congress thanks to digitalization

Source: Xinhua Chinese small- and medium-sized enterprises (SMEs) have managed to show up at the Mobile World Congress (MWC) fair by using digital technologies. Unlike the big companies that have large booths at the MWC — the most important event of the mobile phone industry being held here, smaller companies
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Delia Song March 9, 2017 0 comments

Kingdom of Bicycles’ embraces car sharing

from ChinaDaily Internet-enabled e-cars are ready for Chinese users in minutes and cost far less than conventional rental services When car sharing started in Canada and then spread to the United States in the mid-1990s, people had no idea the business model would be flourishing 20 years later on the
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Delia Song March 9, 2017 0 comments

Report says rapid growth will see 170,000 vehicles in service by 2020

from ChinaDaily Car-sharing services will see fast growth in China in coming years, and the fleets of such service providers are expected to reach a collective 170,000 cars by 2020, according to a report by Strategy&, a subsidiary of PricewaterhouseCoopers. The figure represents more than 50 percent annual growth from
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Delia Song March 9, 2017 0 comments

Growing electronics segment eyes high-end products

Total output by China’s electronic information sector-producing products ranging from smartphones, laptops to routers and LCD panels-increased by 10 percent year-on-year in 2016. That was about 4 percentage points higher than the rate of overall industrial output, the China Information Technology Industry Federation said in a statement. The performance compared
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Delia Song March 9, 2017 0 comments

Xiaomi in no rush for international expansion

from Xinhua BEIJING – Chinese smartphone company Xiaomi is in no rush to expand internationally and will expand into the overseas markets gradually, the company’s CEO said Monday. “It takes time and resources to learn about and enter a new market due to different cultural, legal and business environments, and
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Delia Song March 9, 2017 0 comments

Executive calls for national lab devoted to speech-based AI

from ChinaDaily A national laboratory focused on artificial intelligence should be established to support AI technology and innovation, said Liu Qingfeng, chairman of iFlytek Co Ltd, a leading firm engaged in intelligent voice and speech technologies. Liu, a deputy to the National People’s Congress, called on the government to set
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Delia Song March 7, 2017 0 comments

Highlights on Government Work Report of National People’s Congress

  National People’s Congress (NPC) has started its annual sessions in Beijing since the beginning of March. Economic growth is moving from manufacturing and export to service sectors. Here are the highlights of this meeting. China cuts 2017 GDP growth target to around 6.5%. China sets budget deficit target at
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admin March 5, 2017 0 comments

China’s Robot Industry is Growing

In recent year, a number of Chinese factories are eager to replace workers with industrial robots, due to increasing labor costs and a new automation-driven industrial revolution. The 2016 World Robot Conference was held at Beijing from Oct.20 to 25, with150 world-famous robot companies took part. This conference was divided
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admin March 5, 2017 0 comments

Baidu Doctor Closed, Shift to Artificial Intelligence

  Baidu Doctor, an AI powered medical app, will be closed on March 10, 2017. This business reshuffle will shift resources into artificial intelligence (AI) and expect recovery and growth in 2017. Beidu’s revenue decreased by 2.6 percent to CNY 18.21 billion yuan (US$2.65 billion), from CNY 18.70 billion a
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