Wednesday, April 14, 2021
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R&D Spending in China Rises 14% in 2017, Equals 2.1% of GDP

Chinese spending on scientific research and development posted a year-on-year increase of 14% to hit 1.76 trillion yuan (approx. USD$279 billion) in 2017, according...

China to Build USD$2.1 Billion Artificial Intelligence Research Park in Beijing

China plans to build a 13.8 billion yuan (USD$2.1 billion) research facility dedicated to artificial intelligence in the Mentougou district of western Beijing. The state-owned...

Artificial Intelligence Could Take Over 16% of Jobs in China by 2030

A new report from McKinsey says up to 16% of jobs in China could be taken over by automated machines as a result of...

China to Establish Standardised Assessment System for Artificial Intelligence

Beijing hopes to spur the development of its artificial intelligence sector via the establishment of a standardised assessment system. Economic Information Daily reports that the...

China Ploughs Over $1bn into Artificial Intelligence and Strategic Tech Sectors

The "Made in China 2025" plan has seen more than USD$1 billion invested in artificial intelligence and strategic tech sectors since its launch in...

JD.com Founder Richard Liu Says AI Could Soon Make True Communism a Reality

The founder of one of China's leading e-commerce platforms has said that rapid advances in the field of artificial intelligence could soon make the...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...