The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed at governing the country’s largest source of tax revenue and set to come into effect early next year. The regulations, released for public consultation in August and approved on Friday, outline detailed rules for enforcing the VAT…
China’s State Council has called for the faster development and wider rollout of large-scale testing and application environments for new technologies, as Beijing pushes to boost commercialisation and build a world-leading industrial base. The country should “focus on the frontiers of industrial development and key technological challenges, and prioritise the layout of new application scenarios…
Chinese chip designer Cambricon Technologies and artificial intelligence company SenseTime have teamed up to advance the country’s efforts to become self-reliant in AI infrastructure, according to a social media post on Wednesday. The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a…
The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a WeChat post by SenseTime, in response to the “AI Plus” strategy unveiled in August by the State Council, China’s cabinet. Beijing has made self-reliance across China’s AI stack – from integrated circuits…
China will levy phased fees on US-linked vessels calling at its ports starting next Tuesday, a retaliatory action set to take effect the same day as similar surcharges that were announced in April by the Office of the United States Trade Representative. Having been granted approval by the State Council, China’s cabinet, Beijing will apply…
By the time we moved out of our Hong Kong home and relocated to Canada, it was practically World War III with our neighbours, well two of them anyway. With the rest, we were friendly or actual friends with them. My neighbourly foes were two expatriate families, who hated that we let our dogs use…
Since the launch of the Made in China 2025 plan a decade ago to foster industrial upgrading, it has been widely depicted in the West as a state-led market distortion and doomed to fail. Yet the outcome is far from failure. State-led efforts under the 10-year plan have provided a solid foundation for advancements, especially…
China’s tech industry has hailed Beijing’s latest strategy to widely apply artificial intelligence to economic and social enterprises amid hopes the move could boost market prospects for local suppliers of chips, servers and AI solutions. Beijing’s decision to implement AI in research, industry and consumption has further boosted confidence in the sector, particularly in computing…
In its latest road map for artificial intelligence, China has set targets for the adoption of AI-powered devices across various industries – aiming for over 70 per cent by 2027 and over 90 per cent by 2030. The targets, unveiled in guidelines by the State Council, China’s cabinet, on Tuesday, are part of Beijing’s “AI…
China has launched a new visa category for young science and technology specialists as part of its national push for technological innovation and self-reliance. The State Council, China’s cabinet, said on Thursday that under revised foreign entry regulations, eligible young science and technology professionals would be able to apply for “young talent” K visas from…