The chief scientist at a university that plays a major role in developing China’s navy has been detained as part of an investigation into alleged academic misconduct and misuse of state research funds, according to local media reports. Jiangsu University of Science and Technology confirmed on Tuesday that Guo Wei’s case was under investigation and…
Three in five multinational companies expect costs to rise due to ongoing geopolitical uncertainties, which is spurring their adoption of artificial intelligence and smart manufacturing to offset financial pressure, according to a Standard Chartered survey on Wednesday. About 62 per cent of top executives surveyed predicted cost increases of 5 to 14 per cent in…
Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use…