Even as bitcoin volatility dominated the week in one sense, buzz surrounding an imminent decision to approve spot bitcoin ETFs for Chinese investors via Hong Kong, was palpable.
Tag: China
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CHINA, RUSSIA UNITING AS U.S. GROWS MORE ISOLATED
The bond between Russia and China continues to strengthen as the U.S. becomes more isolated during its support of endless war in Ukraine and the Israel genocide in Gaza.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
In March, China’s factory activity grew for the first time in six months, the country’s National Bureau of Statistics (NBS) has estimated.
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CHINA SURPASSES U.S. IN PRODUCING AI RESEARCHERS
China may lag the U.S. in AI technology, but perhaps not for long. China is producing about half of the world’s leading AI researchers, while the U.S. is creating only about 18 percent, according to a new study by the Paulson Institute, which promotes positive connections between the U.S. and China.
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“REINVENT YOURSELF,” IMF TELLS CHINA
“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.
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CHINA’S MIDDLE CLASS GOING DOWN, GOLD BUYING GOING UP
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.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
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.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
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.
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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.
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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.