Wednesday, April 14, 2021
Tags AI

Tag: AI

Economy

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

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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...
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Economy

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

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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...
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Economy

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

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

China to Establish Standardised Assessment System for Artificial Intelligence

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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...
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Economy

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

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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...
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Fintech

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

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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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Most Read

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

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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