While artificial intelligence (AI) start-up DeepSeek surprised the world with its latest low-cost reasoning model – dubbed R1 – the revelation reignited overseas interest in Chinese tech and capital market investments while raising expectations that a subsequent surge in AI-fuelled productivity will serve to elevate the national economy. From analysts to economists, many point to…
Necessary upgrades to China’s ageing urban infrastructure could see China spend upwards of 4 trillion yuan (US$551 billion) over the next five years, while technology-focused projects such as data centres and AI-related advancements are among the future-facing industries that also hold immense potential for increased investment funds, according to the country’s top economic planner. As…
US Treasury Secretary Janet Yellen and China’s deputy finance minister Liao Min met in Washington on Friday to discuss macroeconomic policy developments, including Beijing’s most ambitious stimulus measures since the coronavirus pandemic. China reported third quarter growth of 4.6 per cent, the lowest figure since the same period last year. Beijing has recently announced a…
Hong Kong-listed Citic said it would sell its 19.23 per cent stake in Fast Food Holdings to a private-equity unit of its affiliate, Trustar Capital Partners, according to a stock exchange filing on Monday. “The disposal is based on the group’s business development strategy” and “provides a good investment return”, Citic said. It said the…