33 h. ago China’s viral Labubu toy has an unlikely fan – the ruling Communist Party

As Chinese companies ponder how best to market their products internationally, the example set by Pop Mart – the Beijing-based brand behind the viral Labubu toy – has been praised by the country’s state media for the creativity that underlies its success. The wide-mouthed, bug-eyed toy’s global fan base is evidence of a shift in priorities for China as it transforms from a producer of low-value goods to a hub of innovation, Qiushi, the Communist Party’s top theoretical journal, said in a...

Politics

7 d. ago China eyes 10 new national data zones in digital economy push, AI race with US

China will establish 10 national data pilot zones, its data agency announced, as the country seeks to bolster its digital economy and compete with the United States in the race to dominate artificial intelligence. The National Data Administration (NDA) said the zones would be established in Beijing, Zhejiang, Anhui and other regions. The initiative encourages select local governments to spearhead efforts “in nurturing data-related market entities and expanding the data market”, according to the...

Politics

8 d. ago AI might solve China’s labour woes, but could also fuel deflation, report says

While the rise of artificial intelligence (AI) is set to mitigate an expected shortage of labour in China in the long run, market observers differ on its impact on deflationary pressures in the near term. The wider adoption of AI in China could exacerbate “China’s prevailing deflationary pressures” by disrupting an already-weak employment market, as the labour displacement effects of the technology might dominate in the short term, Morgan Stanley analysts said in a research report published last...

Politics

2 w. ago As US pressure mounts, top China party journal calls for worst

Beijing must prepare for the worst-case scenario in its trade talks with Washington, while embracing a narrative of China’s economic certainty, the Communist Party’s leading theoretical journal said in an article published hours before Washington escalated tech and education curbs on China. “The US turned away from the negotiating table and immediately intensified its pressure on China’s semiconductor industry,” said a commentary posted on the official WeChat account of the Qiushi Journal on...

Events

2 w. ago Nvidia CEO Jensen Huang hammers chip controls that 'effectively closed' China market

Nvidia CEO Jensen Huang hammers chip controls that 'effectively closed' China market  CNBC

Economics

2 w. ago China accelerates banking merger efforts to establish global giants

China accelerates banking merger efforts to establish global giants  Yahoo Finance

Politics

4 w. ago China's BYD plans to establish European centre in Hungary, CEO says

China's BYD plans to establish European centre in Hungary, CEO says  Reuters

Politics

4 w. ago Party journal says China can establish effective market stabilisation fund

Study Times and CSRC chairman acknowledge Central Huijin Investment’s role as ‘quasi stabilisation fund’.

Politics

4 w. ago Amid Trump turmoil, is China looking to set up a market stabilisation fund?

Amid Trump turmoil, is China looking to set up a market stabilisation fund?  South China Morning Post

Politics