Italy is the first developed economy that has step forth to becoming a member of China’s Silk Road Project. During Chinese president Xi Jinping’s stay in Rome, he signed a total of 29 deals worth £2.5 billion. This new project is similar to the Silk Road, which connected China to Europe in the ancient times....
China is on the verge of becoming a world leader in Artificial Intelligence. However, according to Jeffery Ding of the Center for Governance of AI at the University of Oxford China’s AI status is highly overstated. Ding’s stance on China and AI is a contrast to the belief that China and US might go to...
China is home to some of the oldest cultures and civilizations in the world. However, it has a firm eye on the future as well. In fact, it has been vocal about its ambitions to lead the world in futuristic technology and innovation. As a result, China has been actively seeking to innovate and modernize...
Chinese authorities have launched investigations into the dumping activities of US companies that export propanol to China. Propanol is an ink solvent used in printing food packages and is also used in antibiotic production. Amidst the rising tensions in the duration of the trade war between the superpowers, there have been increasing restrictions, qualitative...
The company that controls China Southern Airline has announced that it will receive $4.3 billion in capital via three investors. This is part of the company’s plan for equity diversification. The following entities will inject capital worth RMB 10 billion into the carrier: Shenzhen Penghang Equity Guangzhou Urban Construction Investment Group Guangdong Hengjian Investment Holding...
As the race to be the leader in the futuristic technologies among major economies is in full swing, China can be clearly seen catching up to its western competitor in terms of investments in AI research and development. There is a multibillion fund that the government has created to invest into AI research and application....
In the second quarter of 2019, China’s economic growth slowed down to 6.2%. This is the slowest pace in the last 27 years, and it is mainly due to the trade situation with the US. Despite the fact that there was a slight improvement in June, most experts believe that the gains may not be...
With an eye firmly set on the future where China anticipates a leadership role, the country has been constantly pouring money into the development of renewable energy. These investments, it believes, will propel it closer to its superpower ambitions. The aim is to reduce dependency on other powers such as resource-rich Russia or the oil-rich...
With China’s intention to open up its finance sector for foreign investments earlier than planned, the two notable opportunities that arose include: The restriction on foreign shareholders for owning insurance, fund, and security management firms will be removed in the year 2020 Foreign investors will be buoyed up to establish pension management companies, wealth management...
Just when the world was coming to believe that the volatile market conditions have led investors to back out from making investments in life sciences, Bain Capital rose against the idea. Bain Capital LP is a private investment company in Boston that has lately raised and announced its second investment in life sciences amounting to...