China’s economic performance in the first quarter of 2024 surpassed expectations, with GDP growth reaching 5.3%. This positive momentum puts the country on track to achieve its annual target of around 5% growth, despite ongoing headwinds. Economists polled by Wind had previously predicted a more modest increase of 4.9%. This stronger-than-anticipated performance underscores a pick-up in economic activity. Notably, growth...
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The Curious Case of TikTok: A Ban Driven by Geopolitics and Dollar Signs
The United States government is pushing for the forced sale of TikTok, owned by Chinese tech giant ByteDance, citing security...
US Government Sues Apple Over Alleged iPhone Monopoly
The United States Department of Justice filed a major lawsuit against Apple this morning, accusing the tech giant of anticompetitive...
China’s Insurance Giant Ping An Sees Profit Fall Despite Strong Sales
Ping An Insurance, China’s largest insurer by market capitalization, reported its 2023 earnings, revealing a 23% year-on-year decline in net...
“Saudi Arabia Makes a $40 billion Bet on AI: Can They Become a Global Hub?”
Saudi Arabia is throwing its hat into the ring of the global AI race, with a staggering $40 billion investment...
Nvidia Enters the Humanoid Robot Race with Project GR00T
The battle for dominance in artificial intelligence (AI) has a new battleground: humanoid robots. As Nvidia CEO Jensen Huang says,...
Tech Titans Apple and Google: An Unlikely AI Alliance in the Works?
In a surprising turn of events, tech giants Apple and Google, long-time rivals, might be joining forces on the cutting...
China Opens Doors Wider to Foreign Investment, Seeking Growth and Innovation
China is making a significant push to attract foreign investment by offering greater access to its markets. An action plan...
Shenzhen Races to Become Ultrafast Broadband Leader by 2024
Shenzhen is setting its sights on becoming a world leader in ultrafast broadband by the end of 2024. The city...
Shenzhen and Fosun Pharma Join Forces to Fuel Biomedical Innovation
Renowned technological hub Shenzhen is strategically expanding its focus to solidify its position as a leader in healthcare manufacturing. To...
Apple Doubles Down on China with New Research Labs
Apple is further solidifying its presence in China by expanding its research and development (R&D) footprint. This move positions them...
Alibaba Injects $640 Million to Revive Hong Kong’s Entertainment Powerhouse
Chinese tech giant Alibaba is injecting $640 million (HK$5 billion) into Hong Kong’s entertainment industry over the next five years,...
Chinese Phones Conquer Africa: Understanding Transsion’s Domination
Africa’s bustling mobile phone market boasts a surprising leader – a Chinese company called Transsion, unknown to most in mainland...
Danish Drug Giant Surges Past Tesla, Tops LVMH: Weight Loss Cure or Dangerous Fad?
Denmark may boast a GDP of approximately 430 billion dollars, but within its borders lies a pharmaceutical giant that dwarfs...
China’s Wealthiest: A Look at the Top Billionaires in 2024
As of March 8, 2024, Zhong Shanshan reigns supreme as China’s wealthiest individual, boasting a staggering net worth of 62.7...
China Opens Doors Wider for Foreign Investment and International Trade
China, as evidenced by a recent government work report, has signaled a significant shift towards a more open and integrated...
China’s Mobile Phone Market Booms: Shipments Surge 68.1% in January, Driven by 5G and Domestic Brands
China’s mobile phone market witnessed a remarkable surge in January, with shipments skyrocketing 68.1% year-on-year to reach 31.78 million units,...
China Raises Mobile Payment Limits for Foreign Visitors
China Raises Mobile Payment Limits for Foreign Visitors China announced a significant increase in mobile payment limits for foreign visitors...
Apple Discounts iPhones in China to Counter Growing Domestic Competition
Apple dealers in China are offering significant discounts on the latest iPhone 15 series in an attempt to reignite sales...