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The rise of Chinese cities in high-quality scientific research
The global landscape of scientific research is undergoing a significant transformation, with Chinese cities rapidly ascending in the production of high-quality research. This shift is evidenced by the latest global ranking of top science cities by Nature Index. The “Leading 200 Science Cities” list The “Leading 200 Science Cities” list, maintained by the academic journal…
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RMB valuation anticipated ro rise moderately
The recent strengthening of the Chinese renminbi (RMB) against the US dollar reflects strong market confidence in the potential of China’s economic recovery and the improving outlook of the external environment. This upward momentum of the Chinese currency is likely to continue for the next few months, experts said on Tuesday. After rising 800 basis…
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China’s Outbound Direct Investment surges in the first 10 months of 2023
China’s non-financial outbound direct investment (ODI) witnessed robust growth, increasing by 17.3 percent year on year to 736.2 billion yuan in the first 10 months of the year, according to official data released by the Ministry of Commerce. In U.S. dollar terms, the ODI reached 104.74 billion U.S. dollars during this period, marking an 11…
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SAFE data shows balanced cross-border capital flows in China
According to data from the State Administration of Foreign Exchange (SAFE), China’s cross-border capital flows became more balanced in October 2023. The net inflows under trade in goods increased by 52% from September, which continued to play an important role in stabilizing cross-border capital flows. Wang Chunying, deputy director and spokesperson of the SAFE, stated…
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Cruise tourism in China is on the rise
In a post-pandemic rebound, China’s cruise tourism industry is witnessing a surge in activity, marked by the departure of numerous cruise ships from various ports in the country. Among these, the “Mediterranea,” operated by Adora Cruises, embarked on a voyage from Tianjin on September 30, 2023. This cruise, characterized by its unique Mediterranean-style experience, global…
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World Bank projects 5.1% economic growth for Chinese economy
The World Bank recently unveiled its East Asia and Pacific Economic Update, offering insights into the economic prospects of the region for the coming year. Notably, the report projected a 5.1 percent growth rate for the Chinese economy in 2023. This forecast has generated significant interest due to its implications for the global economy. Aaditya…
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Chinese consumers want innovative intelligent voice assistants
The landscape of intelligent speakers is rapidly evolving, with China leading the charge in this technological revolution and Chinese consumers’ desire for innovative voice assistants. Through the integration of cutting-edge voice recognition and language comprehension technologies, these devices are transcending their origins as mere voice assistants. Voice-activated multitasking has ushered in a new era where…
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AI chatbots available in China to Chinese public
China’s Interim Regulations for the Management of Generative AI Services, which came into effect earlier this month, have paved the way for the public release of a slew of domestic mass-market AI chatbots and other products. This development marks a significant milestone in the evolution of AI technology in China, offering developers the opportunity to…
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The Chinese government is once again stepping up its efforts to attract foreign investment
The Chinese government is once again stepping up its efforts to attract foreign investment. Will these efforts have the same impact as they did in 1992? On August 13, 2023, the State Council released the “Opinions on Further Enhancing the Foreign Investment Environment and Increasing Foreign Investment Attraction.” The goal is to fully capitalize on…
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China to implement pro-growth measures in Q3
China’s economic regulatory authorities are planning to introduce a series of pro-growth measures in the third quarter of this year aimed at promoting economic growth. These measures are intended to enhance domestic demand, encourage consumption, support private investment, and ensure stability in the property sector, according to experts. During a press conference in Beijing, Yuan…
