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The office of the US Trade Representative (USTR) said it has re-aligned the trade relationship with China, with US president Joe Biden in the State of the Union Address stressing competition with China. Analysts summed up the China part of Biden s report as far-fetched and clichéd. ....
China s third batch of pilot regions for trials of the digital yuan will be unveiled soon, with Fuzhou, Xiamen and Hangzhou cities expected to be selected, the Shanghai Securities News reported on Wednesday, after the digital currency gained momentum at the Beijing 2022 Winter Olympics. ....
Market watchers predicted that clusters construction investment, from upstream and downstream could be around 400 billion yuan ($63 billion) after the government approved the construction of eight national computing hubs and 10 national-data center clusters strengthening China’s computing power. ....
China’s research and development (R&D) spending in 2021 accounted for 2.44 percent of its GDP, reaching a new high, and the ratio also was up 0.03 percentage point from that of 2020, data released by the National Bureau of Statistic (NBS) showed on Wednesday, underscoring China’s continuously elevating tech innovation ability. ....
China s top regulators have released a sweeping guideline on regulating various aspects of online platform businesses, including their investments in financial institutions, big data-enabled price discrimination against customers and monopolistic behaviors, to promote the industry s sound and sustained development. ....