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China's AI industry rising fast, but breakthroughs required to maintain growth: experts

The next round of growth for China's booming artificial intelligence (AI) industry lies in broader and deeper integration with traditional industries to expand the application scenarios, along with breakthroughs in basic scientific research to solve the “last mile” problems of AI application, analysts said on Monday.
Source: Global Times | 2018/12/10 21:43:39

PBC skips reverse repo

The People's Bank of China (PBC), the central bank, on Monday skipped a reverse repo for the 32nd trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system.
Source: Xinhua | 2018/12/10 20:18:39

Cruise market sails forth

China is likely to become the world's largest cruise market in the next 10 to 20 years while its travel industry and the public sector steps up to boost marine-based tourism, an industry body said on Monday.
Source: Xinhua | 2018/12/10 20:13:40

Nation's further opening-up conducive to growth: IMF

China's further opening-up to international trade and investment will help enhance its economic growth and stability as the country is transitioning to a stage of high-quality development, IMF chief economist Maurice Obstfeld has said.
Source: Xinhua | 2018/12/10 20:13:40

Beijing-Shanghai high-speed rail makes $4.4b

The Beijing-Shanghai High-Speed Railway is expected to see an income of 30 billion yuan ($4.4 billion) this year, driven by rising demand.
Source: Global Times | 2018/12/10 20:13:39

If Canada wants to fool China with its judicial independence excuse in Huawei CFO case, it's gravely mistaken

Facing harsh condemnation and threats of dire consequences from China over its complicity in the arrest of Huawei Chief Financial Officer Meng Wanzhou, Canada, in its defense, invoked what the West often boasts as rule of law: a judicial system completely independent from any political influence.
Source: Global Times | 2018/12/10 19:42:19

China's crude steel production to hit record high in 2018

China's crude steel output in 2018 is expected to set an annual record of 923 million tons befosre slipping back to 900 million tons next year, a government consultancy said on Monday.
Source: Reuters | 2018/12/10 18:35:21

Electric dreams

NIO electric cars are lined up at the NIO Delivery Center in Shanghai on Monday. The delivery center is the first of its kind in Shanghai, where potential customers can view NIO SUV models. There is also a test drive area. The Tencent-backed electric car start-up successfully completed its initial public offering in the US on September 12, and has been described as Chinese rival to Tesla. Photo: VCG
Source: VCG | 2018/12/10 18:33:39

Nestle chief talks localization, strategy to develop the China market

Food and nutrition multinational Nestle has rolled out plans to provide tastier but healthier products worldwide, while upholding localization in China to meet the country's unique consumption habits, which is helping it avoid impacts from the US-initiated global trade war.
Source: Global Times | 2018/12/10 18:28:39

Stocks edge down on data misses, Huawei arrest

China shares ended lower on Monday after lower import and export data for November, and as the arrest of a senior Huawei executive continued to feed worries that China and the US could escalate their trade war.
Source: Reuters-Global Times | 2018/12/10 18:23:39

Brent oil prices increase after OPEC-led deal

Brent crude oil prices climbed on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed a supply cut of 1.2 million barrels per day (bpd) from January.
Source: Reuters | 2018/12/10 18:18:39

Chinese shares close lower Monday

Chinese stocks closed lower on Monday led by securities brokers.
Source: Xinhua | 2018/12/10 17:39:41

Internet sector grows steadily

China's internet service and related sectors maintained sound growth in the first 10 months of the year, seeing a stable market expansion of online streaming apps, data showed.
Source: Xinhua | 2018/12/9 19:48:41

Raw material profits up

China's raw material industry generated aggregate profits of 190.04 billion yuan ($27.68 billion) in October, up 18.6 percent from the previous month, continuing the momentum of solid expansion, official data showed.
Source: Xinhua | 2018/12/9 19:48:40

Consumer inflation up 2.2% in November

China's consumer inflation held steady in November with pork prices continuing to decline despite the African swine fever (ASF) epidemic, data showed on Sunday.
Source: Global Times - Xinhua | 2018/12/9 19:48:40

China's core AI industry to hit $145 billion by 2030 as data availability fuels growth

The value of China's core Artificial Intelligence (AI) industries could exceed 1 trillion yuan ($145.47 billion) by 2030, with that of AI-enabled industries more than 10 trillion yuan, according to a new report from Bloomberg Intelligence.
Source: Xinhua | 2018/12/9 19:43:40

Myanmar revs up BRI implementation as its stance toward projects turn more positive

Myanmar has moved swiftly to accelerate the implementation of projects and cooperation with China under the Belt and Road initiative (BRI), marking a shift in the Southeast Asian country's past hesitation toward the China-proposed initiative and highlighting the BRI's long-term benefits for countries along the route.
Source: Global Times | 2018/12/9 19:43:39

Sound diagnosis

Two staff workers help a man check an ultrasound of his neck at the 2018 China (Kunming) Great Health Industry Expo on Saturday, in Kunming, capital of Southwest China's Yunnan Province. With an emphasis on healthy living, visitors had a chance to try out medical technology such as big data medical services, artificial intelligence diagnosis, smart pharmacies and smart community medical services at the expo, which lasted from Friday to Sunday. Photo: VCG
Source: VCG | 2018/12/9 17:22:29