“China faces a fork in the road” and needs to "reinvent itself" with dramatically new economic policies that will end its 30-month-long property crisis, jump-start consumer spending, and raise productivity, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) said on 24 March.
China’s middle class blossomed from the 1980s until Beijing launched the COVID War in January 2020 on it Lunar New Year, “The Year of the Rat,” and imposed three years of draconian zero-COVID policy which destroyed the lives and livelihoods of hundreds of millions of its citizens.
Several key economic indicators were positive in China during the first two months of this year, the National Bureau of Statistics (NBS) said on 11 March.
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.
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.
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.
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.
China's manufacturing industry produced less again in February, marking its fifth consecutive month of contraction.
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.
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.