20230702 China News
Source: | Author:eacham | Published time: 2023-07-02 | 1110 Views | Share:


01

A couple of Chinese energy companies unveiled new business plans at the Summer Davos Forum — and experts promptly hailed them, saying they will drive sustainability and renewable energy adoption on a larger scale, besides bolstering the green transformation of the global energy sector.

 

02

Huawei Technologies Co said it will launch a complete set of commercial 5.5G network equipment in 2024, as part of its broader push to accelerate the evolution of the 5G telecom technology and kick off the beginning of the 5.5G era for the information and communications technology industry, or ICT industry.

 

03

The People's Bank of China, or PBOC, the country's central bank, said on Friday that it will "firmly fend off the risk of drastic ups and downs in exchange rates", hours after the offshore renminbi weakened to 7.28 against the US dollar.

 

04

Trade between China and Africa grew to 1.88 trillion yuan ($260 billion) in 2022 from less than 100 billion yuan in 2000, data from China's General Administration of Customs showed.The China-Africa Trade Index, released for the first time, had a base of 100 points in 2000, which reached 990.55 points in 2022, showing a rapid and positive development trend and reaching new heights.

 

05

A summit forum of the 2023 Global Digital Economy Conference will be held in Lhasa, Tibet autonomous region, from July 4 to 7, the city government announced on Friday.Themed "Data bridge spans the Himalayas", the forum will be hosted by Lhasa and co-hosted by its Gaoxin district. It will be simultaneously held in Beijing.

 

06

Food-delivery giant Meituan has jumped onto the bandwagon of ChatGPT by acquiring its co-founder's artificial intelligence startup Light Year. According to the company's stock exchange filing on Thursday, the total deal includes $233.7 million in cash, 366.9 million yuan ($50.66 million) worth of debt and a payment of $28 million to the AI firm's previous investor HongShan.

 

07

China's leading online travel agency Trip.com Group announced on Friday that it plans to provide 1 billion yuan ($137.74 million) in subsidies to support employees who choose to have more children. As the first Chinese company to introduce such a policy, which conforms with national efforts to encourage childbirth, it has sparked heated discussion among the public about the cost of raising children and the impact on women's careers.

 




Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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