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China's pursuit of tech 'self-reliance'

To help make China a self-reliant “technology superpower,” the ruling Chinese Communist Party is pushing the world’s biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips a business unlike anything Alibaba Group (阿里巴巴) has done before.
Its 3-year-old chip unit, T-Head, unveiled its third processor in October, the Yitian 710 for Alibaba’s cloud computing business. Alibaba says for now, it has no plans to sell the chip to outsiders.
Other rookie chip developers including Tencent (騰訊), a games and social media giant, and smartphone brand Xiaomi (小米) are pledging billions of dollars in line ....

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New Chinese enterprise blockchain tech to integrate with digital yuan - Ledger Insights

3 weeks ago
A new Chinese homegrown enterprise blockchain Chang’an Chain will be integrated with the digital yuan following an agreement between the central bank’s Digital Currency Research Institute and the Beijing Academy of Blockchain and Edge Computing (BABEC).
China’s central bank digital currency (CBDC) does not use blockchain at its core because the technology was deemed to be insufficiently scalable.
The blockchain collaboration aims to use the digital renminbi as smart money by adding programmable characteristics. Together the organizations plan to explore new transaction and business models.
Few additional details were given. But the interesting aspect is the new Chang’an Chain which was unveiled in late January. It seems this might be the “national” blockchain technology. ....

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China's digital currency likely to be highlighted at two sessions

China's digital currency likely to be highlighted at two sessions
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