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While aiming to counteract US-led tech restrictions, Shenzhen intends to achieve a massive industrial output of more than US$209 billion in strategic emerging industries this year.
Gold prices jumped Monday ahead of this week's US Fed interest-rate decision after US President Biden pledged retaliation for Iran-backed militia killing 3 soldiers while debt-plagued Chinese property giant Evergrande was ordered into liquidation
China imported a record high 1,447 tonnes of gold for non-monetary use last year, with the middle class attempting to preserve their dwindling fortunes caused by the property market crisis and slumping stock market.
Newly unveiled initiative would create five pilot-scale facilities to turn China’s research and development and innovative ideas – from laboratories and research papers – into commercially viable applications.
Also, Cadillac says high-performance EVs are coming, and Waymo wants to go to Los Angeles.