BEIJING: Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see light at the end of the tunnel, but analysts warn the sector is still on course to slow down in the long term. The real estate industry grew atContinue Reading
SHANGHAI: Workers from Tesla’s Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about plans to cut their performance bonuses, according to online posts and workers. Several of the posts also criticised Tesla’s handling of a fatalContinue Reading
SHANGHAI: Tesla’s Shanghai factory workers took to social media to appeal to Elon Musk and the Chinese public after being told at the weekend about cuts to their performance bonuses, according to online posts and employees who spoke to Reuters. Several of the posts said they believed the deductions wereContinue Reading
WASHINGTON: Asian central banks may need to keep monetary policy “tighter for longer” to combat still substantial inflation risks, senior International Monetary Fund (IMF) official Krishna Srinivasan said on Thursday (Apr 13). Some central banks in the region, such as Australia’s, have begun pausing interest rate hikes as they sawContinue Reading
To be sure, many remain sceptical on Hong Kong’s promise of a stable regulatory regime on cryptocurrencies. One crypto venture capitalist, who declined to be named citing the sensitivity of the matter, said that he remained worried as China’s crypto ban still looms large in the background. “If Hong Kong canContinue Reading
BEIJING: Travel bookings in China have recovered to pre-pandemic levels after being suppressed last year by zero-COVID policies, and are set to boom for the upcoming May Day holiday, according to data from popular booking apps. By Apr 6, orders of domestic travel for the holiday had reached pre COVID-19Continue Reading
BEIJING: Travel bookings in China have recovered to pre-pandemic levels after being suppressed last year by zero-COVID policies, and are set to boom for the upcoming May Day holiday, according to data from popular booking apps. By Apr 6, orders of domestic travel for the holiday had reached pre COVID-19Continue Reading
Foreign airlines began flying the MAX to China in October 2022. In January, China Southern Airlines flew from Guangzhou to Zhengzhou using a MAX plane, marking the plane’s first passenger flight in China in nearly four years. Boeing did not name who the 11 airlines were but carriers including HainanContinue Reading
BEIJING: All new artificial intelligence (AI) products developed in China will be required to undergo a “security assessment” before being released to the public, a sweeping new draft law by the country’s internet regulator showed Tuesday (Apr 11). “Before providing services to the public that use generative AI products, a securityContinue Reading
HONG KONG: China’s cyberspace regulator unveiled draft measures on Tuesday (Apr 11) for managing generative artificial intelligence services, saying it wants firms to submit security assessments to authorities before they launch their offerings to the public. The rules drafted by the Cyberspace Administration of China (CAC) come as several governmentsContinue Reading