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Innovation to equip China with high tech--China Economic Net


 
Innovation, which is gaining prominence at China s key political gatherings, will be able to propel the country into the ranks of high-tech nations, a business association leader says.
 
Through two decades of transformation, China has elevated itself from a manufacturer of household products, cheap accessories and electronics to become the global leader in new-age innovations, said Dar Wong, vice-president of the Singapore chapter of the ASEAN-China Commerce Association, an organization that aims to promote business ties between China and the Association of Southeast Asian Nations.
 
Wong noted China has made progress in innovations such as satellite technology, tele-networking, supercomputers and fintech, which allow it to occupy a stronger position in the global industry value chain. ....

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Accounts Receivable Exchange Pte. Ltd.: Announcing the launch of the Asian Accounts Receivable Exchange (AREX) - Leading the Digitalization of Global Trade Receivables


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BEIJING, CHINA / ACCESSWIRE / February 25, 2021 / On February 23, 2021, OOWAY saw the successful launch of AREX and the release of the White Paper on Financial Services for Cross-border E-Commerce Industry in China . With an attendance of almost 10,000 participants, the online event included our partners, ASEAN-China Commerce Association, Shenzhen Cross-border E-Commerce Association, Tuotuo Digital and Hongkong Fortunetech Limited.
Jim Rogers, co-founder of OOWAY said, AREX is the way to make accounts receivables more liquid. This innovation can get rid of factoring, we can get rid of letters of credit and free up trade internationally and domestically!
Peter Grindrod, Chief Scientist of OOWAY and well known applied mathematician and data technology expert, is also currently a professor of Oxford University, said OOWAY is drawing on fast moving concept of methods from data science and the artificial intelligence (AI) to produce a world digital platform in AREX. ....

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