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Financial news and features about China's wealthy, and how they spend their money.Â
Site URL: www.scmp.com/rss/318200/feed
Feed URL: www.scmp.com/rss/318200/feed
Posts: 15
Followers: 1
China’s foreign investment is falling. Will a second Trump presidency deal a heavier blow?
Published: December 2, 2024 04:16
China’s foreign direct investment fell by almost 30 per cent between January and October after years of steady upwards trajectory.
Chinese start-up touts robot chefs, AI as the future of restaurant kitchens
Published: November 29, 2024 23:00
Cooking robots can help restaurants cut labour costs by 30 per cent, and reduce food and seasoning waste by 10 per cent.
Jack Ma returns to Alibaba campus, as China moves to boost business confidence
Published: November 29, 2024 10:20
The billionaire founder’s visit is his first known trip to his hometown since March 2023.
China expands consumer subsidies, but can it ‘save the day’ for economic growth in 2024?
Published: November 28, 2024 09:28
Eastern China’s Jiangsu province and commercial hub of Shanghai expand trade-in schemes amid efforts to drive up consumption in China.
Founder of Chinese AI firm DeepGlint, an early mover, steps back amid rising losses
Published: November 27, 2024 09:00
Losses at the image recognition firm have surpassed those of 2023, as it grapples with challenges from new technology and client concentration.
China’s central bank to cut reserve ratio again to add liquidity, aid growth: analysts
Published: November 27, 2024 03:00
Analysts say the window for the People’s Bank of China to reduce the reserve requirement ratio (RRR) is open.
Tech war: China’s AI hopes face fresh setbacks as US set to restrict advanced memory chip exports
Published: November 26, 2024 12:00
South Korea’s SK Hynix and Samsung dominate the supply of HBMs, each controlling about 48 per cent of the global market share in 2023.
Huawei silent on Mate 70 chip at smartphone launch, focuses on Android rival HarmonyOS
Published: November 26, 2024 09:30
As the industry looks to see if Huawei has again advanced China-made semiconductors, the company instead focused on its home-grown operating system.
China’s tech firms at the front of the queue for loans amid policy tilt
Published: November 26, 2024 04:02
People’s Bank of China asks government ministries and major banks to accelerate loans to tech companies.
Huawei aims for 100,000 apps on home-grown HarmonyOS Next as it gears up for Mate 70 launch
Published: November 25, 2024 09:30
HarmonyOS Next, currently under a public beta period, had over 15,000 native apps and services as of October 22.
Yuan to catch up to China’s position in world’s economy: ex-official
Published: November 25, 2024 04:26
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
Chinese smartphone maker Oppo to boost Indonesian manufacturing in bet on Southeast Asia
Published: November 24, 2024 01:00
Oppo already uses slightly more than the 35 per cent of local smartphone components required by Indonesian law, but it is looking to scale up.
China hits jackpot with discovery of ‘massive’ gold reserves in Hunan
Published: November 22, 2024 10:00
The US$80 billion hoard is the latest fruit of China’s drive to find new domestic precious minerals reserves.
Citigroup CEO Fraser meets Chinese vice-premier, Shanghai mayor as Beijing touts reforms
Published: November 22, 2024 05:06
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
Wuzhen Summit: China creates AI advisory body, with Alibaba Cloud founder as chief expert
Published: November 21, 2024 23:00
The AI Experts Committee is expected to promote China’s perspective on how the fast-growing technology should be governed.