5 d. ago China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

Capital expenditure on artificial intelligence (AI) in China is forecast to reach 600 billion yuan to 700 billion yuan (US$84 billion to US$98 billion) this year, according to a Bank of America (BofA) report, as the mainland and the United States race for primacy in the vital technology. That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials,...

Economics

7 d. ago US accuses DeepSeek of aiding China’s military, evading export controls: Reuters

US accuses DeepSeek of aiding China’s military, evading export controls: Reuters  Capital Brief

Events

8 d. ago Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears

Surging uncertainty in the Middle East has clouded the outlook for global markets, with analysts warning that a potential shutdown of the Strait of Hormuz could send crude prices higher, intensify US inflation and complicate the Federal Reserve’s rate-cut plans. Gold stands to benefit more directly from geopolitical shocks, while Chinese assets could remain relatively shielded, they added. “Looking ahead, we cannot rule out a rise and recurrence of risk aversion,” the China International Capital...

Politics

9 d. ago China’s rolls out ‘property supermarkets’ to support ailing housing market

With another decline in housing prices in May and sentiment among buyers remaining subdued, Chinese authorities are rolling out “property supermarkets”, which are online or offline hubs where consumers can view homes. Chengdu last week became the latest city to launch a homebuying platform in an effort to make homebuying more transparent and efficient. The capital of southwestern China’s Sichuan province partnered with nearly 30 state-owned and private developers to feature more than 50 projects...

Politics

9 d. ago China rolls out ‘property supermarkets’ to help ailing housing market

With another decline in housing prices in May and sentiment among buyers remaining subdued, Chinese authorities are rolling out “property supermarkets”, which are online or offline hubs where consumers can view homes. Chengdu last week became the latest city to launch a homebuying platform in an effort to make homebuying more transparent and efficient. The capital of southwestern China’s Sichuan province partnered with nearly 30 state-owned and private developers to feature more than 50 projects...

Politics

1 week ago China unveils over 3,200 new projects worth 3 trln yuan to private capital

China unveils over 3,200 new projects worth 3 trln yuan to private capital  China.org.cn

Politics

1 week ago Mainland China, Hong Kong launching Payment Connect scheme to aid capital flows

China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move to open up its financial sector and also leverage the southern financial centre to better connect with the rest of the world. The Payment Connect programme will link the mainland’s Internet Banking Payment System and Hong Kong’s Faster Payment System (FPS), allowing users to make payments and wire money faster and more conveniently. The programme will begin on...

Politics

1 week ago China records bumper capital inflow as Gulf investors hedge against US

China records bumper capital inflow as Gulf investors hedge against US  South China Morning Post

Economics

1 week ago Unitree Robotics boosts capital base, paving the way for new fundraising round

Hangzhou-based Unitree Robotics, a rising star in China’s booming robotics industry, has increased its registered capital from 2.6 million yuan to 2.9 million yuan (US$400,000), a move that could signal preparations for a new fundraising round. The company fuelled speculation about a potential initial public offering (IPO) in May when it transitioned from a limited liability company to a joint-stock company. According to Chinese corporate database Tianyancha, this restructuring allowed Unitree...

Politics

2 w. ago Will China’s ‘emergent’ jobs help its youths find stable work?

The city of Xian in western China – renowned as the country’s ancient capital and home of the Terracotta Army – has long been a prime destination for tourists from home and abroad. But Chang Youli, a stylist of traditional Chinese clothing (hanfu) based in the city, has noticed many people are joining her trade to cater to a particular type of traveller. “Thanks to government promotions, the tourism industry here has grown, and more people are coming to experience hanfu,” said Chang, who now...

Politics

2 w. ago Can ‘emerging occupations’ solve China’s youth job crisis? Not everyone is sold

The city of Xian in western China – renowned as the country’s ancient capital and home of the Terracotta Army – has long been a prime destination for tourists from home and abroad. But Chang Youli, a stylist of traditional Chinese clothing (hanfu) based in the city, has noticed many people are joining her trade to cater to a particular type of traveller. “Thanks to government promotions, the tourism industry here has grown, and more people are coming to experience hanfu,” said Chang, who now...

Events

2 w. ago Gen Z’s ‘emotional consumption’ fuels surge in consumer stocks like Pop Mart

Stock investors are capitalising on the spending power of China’s Generation Z consumers, who splurge on everything from gold jewellery to low-priced drinks, delivering multifold returns on so-called new consumer stocks. The ascent of Pop Mart International Group, Mixue Group and Laopu Gold is one of the few bright spots in China’s sluggish consumer industry, which has been plagued by a weak jobs market and the deflationary trend. The robust performance has come at the cost of traditional...

Politics

2 w. ago Central Asian students find home and opportunity in China's capital

Central Asian students find home and opportunity in China's capital  news.cgtn.com

Society

2 w. ago Hong Kong must ‘seize opportunities’ to attract talent amid US student visa woes

Hong Kong should capitalise on the opportunities arising from US-China tensions to attract more talent to its academic and tech sectors, heads of the city’s top medical schools have said, ahead of a visit to the world’s largest biotechnology event in Boston. Representatives from the medical faculties of the University of Hong Kong (HKU) and the Chinese University of Hong Kong (CUHK) will join the delegation of the government-funded Hong Kong Science and Technology Parks Corporation (HKSTP)...

Politics

3 w. ago Feature: How China's porcelain capital is attracting international talent

Feature: How China's porcelain capital is attracting international talent  China.org.cn

Politics

3 w. ago Egypt is replacing Cairo – and China is helping build the new capital

Egypt’s New Administrative Capital, located in the heart of the desert just 45km (28 miles) east of the capital Cairo, is taking shape, with China at the centre of its construction, operation and maintenance. Chinese state-owned construction giant, China State Construction Engineering Corporation (CSCEC), is not only the primary contractor for the central business district of the new city but will now operate and maintain it in a deal between China and Egypt. The new 700 sq km (270 square mile)...

Politics

3 w. ago After CATL’s spark, China’s EV players bank on Hong Kong IPOs for growth funds

More than a dozen smart mobility companies from mainland China are making a beeline to raise funds in Hong Kong, capitalising on the growing appetite among global investors for the country’s unpolished industrial gems. The prospective initial public offerings (IPOs) from electric vehicle (EV) assemblers like Chery Automobile and Seres Group to autonomous driving technology providers such as Pony.ai are expected to enhance China’s leading automotive technologies on the global stage, bankers and...

Economics

3 w. ago Beijing Unveils Dynamite Strategy to Surge Inbound Tourism: A New Game

Beijing Unveils Dynamite Strategy to Surge Inbound Tourism: A New Game-Changer for Global Travelers in China’s Capital  Travel And Tour World

Politics

3 w. ago Beijing blasts Australia for spreading “China threat” accusation

Beijing blasts Australia for spreading “China threat” accusation  Capital Brief

Events

3 w. ago Capital Group, Kushner’s Thrive Visited China to Study AI Scene

Capital Group, Kushner’s Thrive Visited China to Study AI Scene  Bloomberg.com

Politics