Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.
China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.
Last month, industrial output growth accelerated in China, but at the same time, retail sales in this Asian country turned out to be disappointing, amid which calls for Beijing to strengthen measures to stimulate consumer activity increased.
China has confirmed the recent shift in its policy and stressed plans to accelerate economic growth, which is currently facing a clear lack of upward momentum in this Asian country.
Earlier this week, China’s top leadership surprised the market by signaling a shift in monetary policy stance after 14 years, which is unequivocal evidence that the economic problems faced by this Asian country are significant and require certain actions to ensure that the current situation does not gradually transform into a catastrophic crisis.
Recently, the condition of relations between China and the United States has been on a trajectory of consistent deterioration, being a kind of process containing the risk of crossing the point of no return, beyond which the fundamental degradation of cooperation practices begins, and the future in this case does not have bright colors of […]
The Mastercard Economics Institute (MEI) predicts a global GDP growth of 3.2% in 2025, driven by robust U.S., Indian, and GCC economies, with moderate growth in Europe and Latin America.
In China, November consumer inflation was recorded at a level that is a five-month low.
Chinese billionaire and the co-founder of industry-leading Ant Group, Jack Ma, expressed his opinion about the significant opportunities artificial intelligence (AI) can offer to the fintech giant.
Chinese state media reported that Beijing has launched an antitrust investigation against Nvidia, the world’s largest and most popular developer of graphics processing units, which are necessary for training and ensuring the process of subsequent operation of artificial intelligence systems.
Chinese regulators, including the China Securities Regulatory Commission (CSRC), have reportedly requested top global banks to expedite offshore listings for Chinese companies in Hong Kong in an effort to boost overseas fundraising and revive the economy.
China has banned the export to the United States of items related to the minerals gallium, germanium, and antimony, which can be used for military purposes.
The United States on Monday, December 2, launched the third restrictive measures against China’s semiconductor industry in the last three years, reducing the scope of export opportunities to this Asian country.
Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.
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