China is revising its belt and road playbook in Africa, as it moves its investment focus to agriculture, manufacturing, industrialisation and green energy, including critical metals. The shift is part of Beijing’s pivot towards “small but beautiful” projects in its African investment strategy. But while this could see fewer mega projects financed directly through Chinese…
BEIJING: China is expected to see 74 million railway passenger trips during the five-day travel rush for the Mid-Autumn Festival holiday, official data showed on Saturday (Sept 14). According to the China State Railway Group Co., Ltd., the average daily passenger trips will reach an estimated 14.8 million between Sept 14 and Sept 18. Passenger…
In July, Hong Kong continued to post strong double-digit growth in external trade, increasing the total value of merchandise trade in the first seven months to a solid 10.1 per cent year on year. The city’s strong trade performance brought few cheers, as the continued slump in retail sales, which declined a further 11.8 per…
By Jim Morris, Warrior Maven Vice President, News China and Russia have launched what are being called their largest joint military maneuvers in three decades, a massive exercise that stretches from the Arctic Ocean to the Mediterranean. Russian President Vladimir Putin made it clear that the primary point is to send a message to the…
Hong Kong businesses operating in mainland China have said that raising the retirement age may lead to higher manpower costs but firms can adapt to the gradual extension and benefit from a more stable workforce. China’s top legislative body on Friday approved a plan to gradually lift the retirement age from 60 to 63 for…
Kai-Fu Lee, the former president of Google China, predicts that AI-powered applications will gain widespread adoption in China more quickly than in the US. While Chinese AI models currently lag behind the US by about six months, they could soon surpass them in terms of usage. According to Lee, some of China’s less advanced AI…
After years of criticizing former President Donald Trump’s tariffs for harming U.S. businesses and consumers, the Biden U.S. administration is now following the same misguided path, News.Az reports. Despite widespread opposition, the U.S. government on Friday finalized its decision to increase tariffs on Chinese imports, particularly on Chinese electric vehicles (EVs), solar cells, EV batteries…
The number of new companies that are started in China annually has collapsed as fundraising by Chinese venture capital firms has similarly imploded. A recent Financial Times report described a dire Chinese startup landscape, with founders, investors, and VCs offering bleak comments on condition of anonymity. “The whole industry has just died before our eyes,”…
China has proposed guidelines requiring labelling and identification of content generated by artificial intelligence (AI) as the technology poses new challenges to national security and the public interest. The draft regulations, now open for public consultation, stipulate clear requirements for the labelling of AI-generated content during production, display and distribution. Online content providers would be…
A Chinese defense spokesperson stated on Saturday that China will implement strong and decisive measures to firmly counter any actions that provoke unrest or violate its territorial sovereignty and maritime rights in the South China Sea, News.Az reports citing Xinhua news agency. Wu Qian, a spokesperson for the Ministry of National Defense, made the remarks…