20230712 China News
Source: | Author:eacham | Published time: 2023-07-12 | 995 Views | Share:


01

The China Securities Regulatory Commission (CSRC), the country's top securities regulator, on Saturday said that it will promote the high-quality development of the public offering fund sector and steadily lower the sector's fee rates.

 

02

Fonterra Group, a New Zealand-based dairy and nutrition multinational corporation, said it will expand its China business into premium categories to serve health-conscious consumers. Fonterra executives said the company will focus on lower-tier cities and on enhancing innovations, to encourage consumption of cheese and butter at restaurants in China.

 

03

Financial regulators imposed a 7.12 billion yuan ($984.1 million) fine on Ant Group, an affiliated company of Alibaba Group Holding Ltd, on Friday for violations of laws on corporate governance, consumer rights and business activities.

 

04

Huawei Technologies Co unveiled the latest version of its artificial intelligence large language model Pangu 3.0 on Friday, as part of a broader push to leverage AI in speeding up digital transformation across a wide range of sectors. Large language models (LLMs) are the key technology behind ChatGPT, an AI chatbot developed by US-based AI research company OpenAI.

 

05

A larger fleet of driverless taxis will soon be available for hire in the capital city as the Office of the Beijing High-Level Autonomous Driving Demonstration Zone has decided to launch the commercial operation of autonomous vehicles and expand their serviceable area.

 

06

Premier Li Qiang called for boosting confidence in China's growth as the country's economy showed signs of recovery and improvement despite complex global political and economic situations. Li made the remarks on Thursday while chairing a symposium on China's economy, which was attended by Vice-Premier Ding Xuexiang and Chinese experts and scholars.

 

07

Luo Wenmei, a resident of Qingshan village in Southwest China's Guizhou province, felt lucky to join the local project of planting Sichuan pepper in the mountainous area which used to suffer from stony desertification. "I can earn more than 2,000 yuan (about $277.57) a month by planting the pepper," said Luo, who was excited to see how the plant, with strong drought tolerance, developed root system, good water retention ability and high output, has turned local hills green and fattened rural residents' wallets.

 

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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