New Delhi: The BRICS should leverage its close ties with emerging markets and the Global South to safeguard supply chains and build a large integrated market, Chinese President Xi Jinping said on Sunday as he proposed a five-point initiative to boost cooperation in manufacturing, trade and technology. In his address at the concluding session of…
China will lead the creation of an open source artificial intelligence (AI) with an open eco-system for the Brics grouping, President Xi Jinping said on Sunday against the backdrop of intense competition between Beijing and Washington in the sector. While addressing the main session of the Brics Summit on Saturday, Xi had proposed the “Brics…
Hong Kong’s commerce chief is set to lead a delegation of mainland Chinese and local firms to Malaysia next week, noting that about 200 enterprises from across the border have already set up offices in the city since last year, using it as a stepping stone to go global. Secretary for Commerce and Economic Development…
To have a coffee delivered to an office in Shanghai, simply ask one of China’s artificial-intelligence super-apps to choose a brew on your behalf, press “confirm” and the beverage will be on its way. Delegating such important decisions brings risks, of course. When your correspondent asked one popular AI app to deliver a “special coffee”,…
Singapore Prime Minister Lawrence Wong has met Hong Kong political heavyweights and business leaders – including former Chief Justice Andrew Li Kwok-nang and Richard Li Tzar-kai, the son of tycoon Li Ka-shing – in what he described as a “short but meaningful visit” to the city. Wrapping up his first official visit to the city…
The Chinese ambassador to Rwanda said on Friday that China-Africa cooperation had expanded into forward-looking sectors such as artificial intelligence, the digital economy, green energy, fintech and sustainable development. While attending the Seventh Africa’s Business Heroes Summit held in Kigali, Rwanda, Gao Wenqi thanked entrepreneurs from China and African nations for expanding cooperation into sectors…
Hong Kong’s connectivity and talent pool could help facilitate international legal and economic collaboration, the justice minister and an expert have said, as they joined representatives from more than 25 jurisdictions this week at an annual forum in the city. Speaking at the opening ceremony of the five-day Hong Kong Legal Week forum on Monday,…
The recovery of China’s tech stocks from their trough is still at an early stage, as the country’s emergence as an artificial intelligence superpower reshapes global platforms and lures Western capital back, according to a senior investment banker at JPMorgan. As Chinese entrepreneurs expanded their businesses globally and deepened their involvement in AI, their companies…
China will host the Asia-Pacific Economic Cooperation (Apec) meeting in its southern city of Shenzhen in November next year. The announcement was made on Saturday by Chinese President Xi Jinping as world leaders wrapped up this year’s Apec meeting, held in the South Korean city of Gyeongju. Xi, who was speaking at a handover ceremony,…
For over a decade, commentators have warned of China’s looming economic decline. Today, the challenges are real: US-China trade frictions, weak household consumption, an overstretched property sector and a shrinking workforce. Making money in China may feel harder than before. Yet to see China solely through the lens of stagnation is to miss the profound…