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Didi sets up JV to focus on new energy vehicles and AI

Didi Chuxing said it has entered into a joint venture with an affiliate of state-owned auto holding company BAIC Group, with a focus on projects including new energy vehicles and artificial intelligence. The two parties are seeking to design and produce customised vehicles especially for ride-sharing to enhance the experience of users and drivers. Read […]

China’s using artificial intelligence to lead in the biotech space

Image – Genomic Knowledge Base – courtesy WUXI NextCODE By Charles F. Moreira, Editor China aims to take the lead in AI (artificial intelligence) and biotech development according to an article in Axios.com on 3 December 2018, by Eleonore Pauwels, a research fellow on emerging cyber-technologies at UN University’s Centre for Policy Research, focusing on […]

Fiscal spending and more tax cuts to ensure steady growth

China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small companies, finance ministry officials announced yesterday. China’s fiscal spending rose 8.7 percent to a record high of 22.1 trillion yuan (US$3.3 trillion) in 2018, while revenue increased 6.2 percent to 18.3 trillion yuan, […]

China’s economy grew 6.6 percent in 2018

China’s economy grew 6.6 percent year on year in 2018, beating the official annual target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed. The country’s gross domestic product (GDP) hit 90.03 trillion yuan (about 13.32 trillion U.S. dollars) in 2018. The following are a group of facts and figures released […]

City grants first licenses for individual online stores

China’s first e-commerce law, effective from January, rules that e-commerce businesses need to register as business entities. However, individual online shop operators could not get an operation license because they don’t have bricks-and-mortar stores, the Shanghai Market Supervision and Management Bureau said. They could not conduct business operations if they failed to register, according to […]

China’s outbound direct investment grew steadily in 2018

China’s outbound direct investment grew steadily in 2018, up 4.2 percent year on year to US$129.83 billion. Financial outbound direct investment totalled US$9.33 billion, skyrocketing by 105.1 percent from a year earlier, and non-financial ODI grew 0.3 percent year on year to US$120.5 billion, according to data from the Ministry of Commerce and the Foreign […]

Geely recalls vehicles for defective fuel pumps

China’s Geely Holding Group has applied to recall 89,657 vehicles due to defective fuel pumps, the country’s market regulator has said. The State Administration for Market Regulation said in a statement that ZGH and Zhejiang Haoqing Automobile Manufacture Co, a unit of ZGH, have decided to recall a total of 42,216 vehicles of Geely Vision […]

Revival of porcelain capital

For centuries, the most coveted porcelain from China came out of Jingdezhen’s workshops, fashioned from clay made smooth by trained hands, fired in kilns and then transported across the globe. The works, notably the blue-and-white vases and jade-green celadon bowls, graced the courts of the British, Persians and French. This was one of China’s first […]

China reins in exploding solar generated electricity industry

Panda shaped solar energy farm in china – courtesy Clean Technica By Charles F. Moreira, Editor Solar generated electricity, using photovoltaic (PV) cells, is an essential part of China’s low-carbon strategy and fulfilment of her commitment to reduce emissions and increase the proportion of non-fossil fuel energy to 15% of all primary energy used by […]

Battery swapping stations for electric vehicles

Electric vehicles have to go through a charging cycle otherwise it may run out of juice in the middle of the road. One of the drawbacks of owning electric vehicles is this downtime while its being recharged. Beijing Electric Vehicle (BJEV) has an electric vehicle model that charges the car by swapping out the old […]

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