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Xi stresses implementation of rural revitalization strategy

Chinese President Xi Jinping on Friday called for more efforts to implement the rural revitalization strategy with the chief goal to modernise agriculture and rural areas. “The top task for implementing the rural revitalization strategy is to ensure supply of important farm produce, grain in particular,” said Xi, also general secretary of the Communist Party […]

China’s spending on R&D rises to 2.18% of GDP

China’s spending on research and development increased to 2.18 percent of its GDP last year, up by 0.06 percentage points, according to the National Bureau of Statistics. China spent over 1.96 trillion yuan (US$293 billion) on R&D in 2018, up 11.6 percent compared with that in 2017, according to the NBS. The number of patent […]

Tmall to become beauty hub after inviting hundreds of brands to open stores

Alibaba’s Tmall said it expects to introduce as many as 1,000 international and domestic cosmetics brands on its platform this year to meet Chinese consumers’ desire for varied products. At its annual beauty summit, Tmall announced that seven international cosmetics companies — Tom Ford, Glamglow, P&G’s new beauty line Oriental Therapy, Cosme and d-program from […]

VMware’s 5G-ready cloud platform powers Vodafone networks in 15 countries

VMware announced that Vodafone is expanding its footprint of VMware’s cloud infrastructure to power its network and to capture operational agility and cost efficiency at scale. VMware is Vodafone’s primary strategic partner for telco cloud infrastructure services. VMware’s services are in use across Vodafone’s operating markets around the world; they are live in 15 countries, in more than […]

Expanded free trade zone to have global influence

Shanghai will coordinate with state-level authorities to draft and implement plans for an expansion of the city’s free trade zone as one of the city government’s top priorities for the first quarter, Mayor Ying Yong. Companies in the new area will be given preferential policies to conduct offshore trading, offshore financing and digital trading. The […]

China sees steady trade growth in 2019

China’s foreign trade in goods surged faster than expected to a record high last year and the outlook remains positive against a backdrop of further opening-up and supportive government policies, the Ministry of Commerce said on Tuesday. China, the world’s second largest economy, is the world’s largest trader in goods and total imports and exports […]

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, […]

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