When Zhou Yuxiang, founder and CEO of Shanghai-headquartered Black Lake Technologies, wanted to sell his artificial intelligence (AI) automation solutions to millions of family-run factories across China, he came up with an unconventional strategy: hiring food delivery workers to make sales. His entire sales team, hired from various industrial cities, survived a gruelling five-day boot…
Chloe Maluleke|Published 1 hour ago Late last month in Dalian, at the World Economic Forum’s Annual Meeting of the New Champions, Premier Li Qiang used a phrase that has been circulating in policy circles ever since: China opportunity 2.0. He was pushing back against a more pessimistic label some Western commentators have started using, (China…
Hong Kong is uniquely positioned to add value to Beijing’s “China Opportunity 2.0” narrative, serving as a bridge and catalyst for the global expansion of mainland Chinese enterprises, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po also named the Northern Metropolis megaproject in his weekly blog on Sunday as a destination that…
Hong Kong cannot be faulted for not working hard enough to catch up in the global artificial intelligence (AI) race. Government funding is flowing generously towards projects focused on AI adoption. In recent years, the government has pumped billions into building the necessary infrastructure, including HK$2.84 billion (US$364 million) for a semiconductor centre, HK$3 billion…
HONG KONG (AP) — China’s Premier Li Qiang on Wednesday defended the country’s technological advancements as an opportunity for the world rather than a threat. Li also said the country’s heavy state subsidies were not the main reason for the rapid rise of its high-tech industries, at a time when Western officials have complained that…
Hong Kong should move beyond a “city-centred” approach that merely seeks Beijing’s policy support and instead take steps to align with national priorities by advancing the internationalisation of the yuan and supporting mainland Chinese enterprises’ global expansion, observers have said as this year’s “two sessions” came to a close. With the annual political gathering ending…
The annual “two sessions” in Beijing are under way, and this year the annual ritual of reading tea leaves in this city has been made easier for politics watchers. That is because Beijing has been blunt about the problems it thinks our city faces. There is the usual praise for the Hong Kong government and…
Escalating geopolitical tensions will not derail Hong Kong’s goal set out in the country’s 15th five-year plan and its efforts to implement the blueprint, former leader Leung Chun-ying has said, describing agility and adaptability as in the city’s DNA. The vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also…
China isn’t known for its transparency. Unlike Australia, where journalists would have near-daily access to speak with decision-makers and hold politicians to account, those in charge in China are closed-off from public scrutiny. Decisions and policy are all made without the chance for media to question the leaders directly. And any dissent from the public…
Hong Kong can reinforce its role as an international financial centre by deepening integration with mainland capital markets and expanding cross-border investment channels, financial industry leaders said on Thursday during China’s annual “two sessions”. Stronger collaboration between Hong Kong and mainland exchanges would enhance the resilience of the mainland’s financial system while supporting the internationalisation…