The new Port of Chancay may be located on Peru’s Pacific coast but it has been made by China.
Tag: China
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SPOTLIGHT: CHINA’S ECONOMIC MISERY
China has completed arrangements to open a $1.4-trillion fund for local governments engulfed by debt.
The funds to help local governments clear “hidden” or off-book debt will be available until 2029, officials announced at an 8 November press briefing.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
For the first time in six months, China’s factory activity increased in October, reflecting the results of Beijing’s new stimulus initiative that included cutting interest rates and funneling money into the stock market.
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CHINA CREATES MILITARY AI MODELS USING META’S LLAMA PLATFORM
Chinese research institutions with ties to the country’s Academy of Military Sciences have built an AI for military applications by using Meta's publicly available LLaMA generative AI, according to a recently published research paper.
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SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: LOCAL GOVERNMENT DEBT MARKET SEES RECORD DEFAULT LEVEL
In 2023, local governments floundered in debt and Beijing swooped in with $309 billion in new bonds to pay back those debts. The central government also ordered state-owned banks to lend even more money to those failing municipalities.
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WORLD’S GROWTH SHIFTING TOWARD BRICS NATIONS, IMF SAYS
China will account for 22 percent of global economic growth over the next five years and India 15 percent, according to the International Monetary Fund’s (IMF’s) new economic outlook report.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy expanded at an annual rate of 4.6 percent in the third quarter, according to government figures, ticking down from the previous quarter’s 4.7 percent and far short of Beijing’s 5-percent growth target for this year.
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TOP TREND 2023, SELF-SUFFICIENT ECONOMY: CHINA USES DOMESTIC CHIPS TO TRAIN AI WITH A TRILLION PARAMETERS
China Telecom, a state-owned business, says it has used chips designed in-house to create two large language model AIs trained to consider a trillion variables at a time.
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CHINA HOLDS RECORD-BREAKING MILITARY EXERCISE OFF TAIWAN WARNING AGAINST INDEPENDENCE
China on Monday conducted its largest military exercise ever off the coast of Taiwan to warn the island against seeking independence under Taipei’s new president Lai Ching-te, who Beijing has called a “troublemaker.”
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s roaring rally in equity markets seems to be running out of energy. After the People’s Bank of China created a fund to make cheap loans that people and businesses could use to buy stocks, markets soared.