The value of exports from China in dollar terms January and February rose 7.1 percent from the same period last year, the government reported.
Tag: China
TOP TREND 2024, EV GO FU: BYD CUTS EV PRICES IN CHINA
BYD, one of China’s largest makers of electric vehicles (EVs), has again cut the sticker price of the basic version of its Seagull model amid an EV price war in the country.
CHINA’S NEW AI OUTPERFORMS GPT-4, DEVELOPERS CLAIM
Spark v3.5, an AI unveiled by the Chinese company iFlytek, is better than OpenAI's GPT-4 Turbo in processing language, doing math, coding, and can mimic human speech in ways that reveal emotions, the company announced.
TOP CHINESE DIPLOMAT MOCKS U.S. AS PARANOID SUPERPOWER
Wang Yi, the Chinese foreign minister, addressed reporters last week about a myriad of issues, including the possibility of a thaw between Washington and Beijing in recent months—despite differences in opinions on key issues like Ukraine and Gaza.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China's manufacturing industry produced less again in February, marking its fifth consecutive month of contraction.
CHINA LAGS U.S. IN AI DEVELOPMENT BY AT LEAST A YEAR
China’s leading AI developers are relying on technology borrowed from Meta and other U.S. companies and lag American advances by at least a year, The New York Times reported.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s stock markets got a boost last week after banks made a larger-than-expected 0.25-percent cut to the five-year loan prime rate against which mortgage loan rates are benchmarked.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Chinese banks have cut their key mortgage interest rate by a quarter point, the largest single reduction ever, in a desperate attempt to revive the real estate market that, in the past, has accounted for more than 20 percent of the country’s GDP.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
In January, deflation continued to ravage China’s economy, with the consumer price index slipping 0.8 percent year on year. Analysts polled by Reuters had expected a 0.5-percent decline.
SPOTLIGHT: CHINA’S ECONOMIC GLOOM
About 40 percent of asset managers attending a Goldman Sachs conference in Hong Kong last week called Chinese equities “uninvestable,” the Financial Times reported.