Early signs of a turnaround are emerging in China’s property market, with the pre-owned homes sector showing particular promise. Data for the first two months of 2024 paints a picture of a market cautiously regaining its footing, fueled by a combination of government stimulus measures and a rise in available listings. Year-on-year sales of pre-owned...
Chinese archaeologists have peered through the mists of time, utilizing a groundbreaking DNA analysis technique to reconstruct the face of Emperor Wu of the Northern Zhou dynasty. This emperor, who ruled until his untimely death in 578 AD at the young age of 36, has long been shrouded in mystery, particularly regarding the cause of...
The Guangdong Macao In-Depth Cooperation Zone in Hengqin has taken a bold step to become a hotbed for technological innovation. They recently unveiled a comprehensive package of “Several Measures for Promoting Technological Innovation Development in the Cooperation Zone,” outlining 22 initiatives designed to supercharge tech advancement across six key areas. These measures prioritize collaboration. Hengqin...
Patent data paints a compelling picture of the evolving landscape in quantum technology. From 2013 to 2022, China witnessed a surge in quantum computing patents, accounting for a staggering 56.5% of all domestic quantum-related patents granted. This explosive growth signifies China’s ambitious push to become a leader in this transformative field. A report published by...
BYD Co. has crossed a historic threshold, becoming the world’s first automaker to churn out a staggering 7 million new energy vehicles (NEVs). This milestone achievement was marked by the Denza N7, which triumphantly rolled off the production line at BYD’s Jinan factory in China’s Shandong Province. This feat signifies not only BYD’s dominant position...
A new United Nations report lays bare a truth as sobering as it is shocking: the world is mired in a colossal food waste crisis. This isn’t a matter of forgotten childhood lessons about finishing our meals; it’s a global problem with devastating consequences. The report throws a staggering statistic at us: a mind-boggling one...
A new report by the Hurun Global Rich List 2024 reveals a significant increase in the number of billionaires worldwide. The list identifies a staggering 3,279 billionaires. This surge reflects a growing concentration of wealth at the very top. The Hurun Research Institute likely surveyed 2,435 companies to compile this data on billionaires, compared to...
The United States government is pushing for the forced sale of TikTok, owned by Chinese tech giant ByteDance, citing security concerns. However, this narrative crumbles under scrutiny. Despite complying with US regulations, TikTok, valued at a staggering $300 billion, faces the possibility of a ban, raising questions about the true motives behind this push. There’s...
Apple’s commitment to China’s tech market deepens as Tim Cook, the company’s CEO, recently announced the arrival of the Vision Pro headset in the mainland this year. The news comes from Chinese state media, citing Cook’s response to a media query during the China Development Forum held in Beijing. CCTV finance, on its Weibo social...
Ping An Insurance, China’s largest insurer by market capitalization, reported its 2023 earnings, revealing a 23% year-on-year decline in net profit to 85.67 billion yuan (US$11.9 billion). This marks the company’s lowest earnings in five years, according to revised data reflecting new accounting standards. Despite the drop in net profit, Ping An’s core insurance business...