The ripples from DeepSeek continue to spread in China, where the government has embraced the tech start-up’s unexpected success by speeding up the development and use of artificial intelligence (AI). The rise of DeepSeek, developed by home-grown tech talent, is evidence that Beijing’s strategy of pouring resources into training the next generation of innovators over…
Hong Kong will follow a strategy of “fiscal consolidation”, with the government “strictly controlling” public spending to address the deficit even as it seeks to improve services related to residents’ livelihoods, the finance chief has said. Three days before he is set to deliver his 2025-26 budget speech, Financial Secretary Paul Chan Mo-po on Sunday…
With Chinese start-up DeepSeek and its artificial intelligence (AI) model shaking up the global tech sector, China’s top diplomat appeared to seize the chance to promote the chatbot at the high-profile Munich Security Conference. Immediately after his address to the forum on Friday, Foreign Minister Wang Yi quoted some ancient Chinese sayings as he talked…
Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below 5 per cent for two consecutive quarters this year, posing challenges for Beijing to achieve its annual growth target of around 5 per cent. The International Monetary Fund estimates that the proportion of China’s nominal…
Hong Kong has expanded the list of eligible universities under the Top Talent Pass Scheme, adding 13 mainland universities and overseas institutions, including the University of the Arts London, Renmin University of China, Tongji University and Sichuan University. This brings the total count of eligible universities to 198 worldwide. Those who hold a bachelor’s degree…