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SCMP

Fri, December 1, 2023 | 02:46

China leads the world in EV infrastructure but lags behind in consumer spending power: Euromonitor

China leads the world in EV infrastructure but lags behind in consumer spending power: Euromonitor

China leads the world in developing infrastructure to support the growth of electric vehicles (EV), but trails major European countries in consumer spending power on battery-powered cars, according to a report by Euromonitor International.

2023-11-28 15:52

China still awaiting inbound travel surge, but flight resumption should help oil the wheels

China still awaiting inbound travel surge, but flight resumption should help oil the wheels

Although travel flows into China for the third quarter were just 45 percent of the same period in pre-pandemic 2019, retailers should see more tourism revenue by next year as flights increase, Beijing-based investment bank China International Capital Corporation (CICC) said on Monday.

2023-11-21 14:46

China launches world's fastest internet, years ahead of forecasts

China launches world's fastest internet, years ahead of forecasts

China has beaten a global deadline, launching the world's first next-generation internet service — more than 10 times faster than existing major routes — two years ahead of industry predictions.

2023-11-15 13:15

Former premier Li Keqiang's sudden death 'a total surprise' to China's top leaders

Former premier Li Keqiang's sudden death 'a total surprise' to China's top leaders

Chinese official media's handling of the announcement of former Premier Li Keqiang's death seemed to indicate that the tragedy had come as a total surprise to Beijing, analysts said.

2023-10-28 20:34

US sanctions on Biren and Moore Threads strike strong blow to China's GPU champions

US sanctions on Biren and Moore Threads strike strong blow to China's GPU champions

Biren Technology and Moore Threads, two of China's best hopes in challenging Nvidia and Advanced Micro Devices in the field of graphics processors, have been dealt a heavy blow by new U.S. trade sanctions, as Washington moves to further frustrate China's progress in artificial intelligence (AI), according to industry insiders and analysts.

2023-10-19 16:17

IMF likely overestimating China's economic growth prospects: US analyst

IMF likely overestimating China's economic growth prospects: US analyst

China's economic growth this year might be only half of what the International Monetary Fund is predicting, owing to a huge shake-out in the country's property sector, weak foreign direct investment and other structural problems, according to the founder of a U.S.-based think tank that studies China.

2023-10-05 14:52

China's 'batwoman' scientist warns another coronavirus outbreak is 'highly likely'

China's 'batwoman' scientist warns another coronavirus outbreak is 'highly likely'

One of China's best-known virologists Shi Zhengli, also known as 'batwoman,' has warned that it is 'highly likely' another coronavirus will appear in future.

2023-09-24 14:40

Foxconn offers higher rates for Huawei workers than iPhone workers in Shenzhen

Foxconn offers higher rates for Huawei workers than iPhone workers in Shenzhen

Foxconn Technology Group, one of Apple's biggest suppliers, is offering higher rates for workers that make Huawei Technologies' handsets in southern tech hub Shenzhen than those that make iPhones, according to recruitment posts and information from labor agencies.

2023-09-15 15:45

Alibaba announces surprise departure of ex-CEO

Alibaba announces surprise departure of ex-CEO

Former Alibaba Group Holding chairman and CEO Daniel Zhang Yong is stepping down as head of the e-commerce giant's cloud division, a move that comes as a surprise the same day he was scheduled to hand the reins of the parent company to co-founder Joseph C. Tsai.

2023-09-11 15:51

Huawei's new phone shows China's chip breakthrough

Huawei's new phone shows China's chip breakthrough

Huawei Technologies' latest flagship smartphones have been met with enthusiasm in China, where some consumers see the device as a symbol of national pride and evidence that the country can break through U.S. sanctions targeting Chinese home-grown technology champions.

2023-09-05 10:29

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