China is further opening up several major state-dominated industries to private capital by raising the ownership limit and removing some investment barriers. China’s cabinet — the State Council — has unveiled a package of 13 measures to promote private investment, in an effort to revive a sector that’s struggled against the backdrop of sluggish demand…
High technology and low incomes were in sharp focus in China late last week as two of its senior officials visited opposite ends of the country. On a trip to the eastern province of Zhejiang from Thursday to Saturday, Vice-Premier Zhang Guoqing urged manufacturers to apply new technologies such as artificial intelligence (AI) to research…
Chinese local governments have been told they may use artificial intelligence to help decision-making, but must ensure they do not leak any sensitive data or “blindly” pursue technological superiority. New guidelines, published by the Cyberspace Administration of China and the National Development and Reform Commission on Friday, said AI models could make government more efficient…
As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, what to expect in the coming iteration and how fine-tuning supply chains…
Beijing-based Zhongke WengAI, whose services are used by various Chinese ministries and state media outlets, will also jointly develop with Cherrypicks – owned by Hong Kong-listed NetDragon Websoft – enterprise AI solutions for industries such as finance and healthcare, the partners said in a statement on Friday. This collaboration “exemplifies the convergence of China’s AI…
Work is expected to get under way this year on one of the world’s most ambitious rail projects with the launch of a state-owned company to oversee construction and operations of a line that will link Hotan in Xinjiang and Lhasa in Tibet. The Shanghai Securities News reported on Friday that Xinjiang-Tibet Railway Company had…
China has vowed to maintain its macro policy support for the rest of 2025 as the country seeks to navigate economic risks – both external and internal – in the second half of the year and plan for its next half-decade of development. After a meeting of the Communist Party’s 24-member Politburo – a major…