Beijing

Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology

Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology

Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.

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US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai

US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai

US Secretary of State Antony Blinken has emphasized the importance of fair treatment for American businesses during his visit to China.

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China's Xi Jinping Warns Joe Biden on Tech Export Restrictions, Says Beijing Will Not 'Sit Back' if US Continues to Impose Them

President Joe Biden and China's President Xi Jinping clashed in a telephone call on Tuesday about US restrictions on high-technology exports.

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Mumbai Becomes Asia's Billionaire Capital After Beating Beijing—How Many Billionaires are in India Now?

Mumbai is now Asia's billionaire capital, beating Beijing. How many billionaires are in India now?

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For Sale: Clean English Air, $115 per Jar

Clean air shortage in China forces wealthy residents to buy jars of it from a British entrepreneur. The company's name is Aethaer, a Greek word for 'pure, fresh air' and described the product as 'Louis Vuitton or Gucci' of fresh air. Each 580 ml jar of clean, fresh air costs around $115 or £80.

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21 people arrested in China over online scam reaching 50 bln yuan from investors

21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).

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China air pollution lessened by 10% last year, says Greenpeace

Amidst intense smog, China still came out with a 10% decrease in air pollution in 2015. The numbers indicate a direct fall in the consumption of coal. However, despite the small improvement, the situation is still pretty grim as the country, which is home to a host of coal power plants, has now taken the top spot for emitting greenhouse gases. The 'red-alert' situation this winter should be a wake-up call for the government to now take drastic measures to curb the sources of air pollutants.

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ISIS Supporter Hacks Tsinghua University of China’s Website to Show Support to Jihad

The website for students and lecturers should have displayed links to class resources and informations. But instead, it showed pictures of militants and the verses of Quran in Arabic.

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China curbs IPOs, enlists brokers in all-out bid to end market rout

China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy.

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Beijing promises coal-free power by 2017 to fight pollution

Beijing will build four gas-fired power and heating plants by next year and shut the last of its coal-fired generators by 2017 as part of its campaign against hazardous air pollution, officials said.

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China releases guidelines for economic reform priorities in 2015

Chinese policymakers on Monday announced guidelines for reform priorities in 2015, ranging from streamlining administrative procedures to boosting the yuan's global role, as Beijing steps up efforts to open up the country's capital markets.

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Chinese premier calls on Greece to protect investments

Chinese Premier Li Keqiang has urged Greece's new leftist Prime Minister Alexis Tsipras to ensure protection of the rights of China's companies and backing for a key port project, the Chinese Foreign Ministry said on Thursday.

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China's Li says to create 10 million jobs in 2015: China Daily

China's Premier Li Keqiang pledged to create at least 10 million new jobs in 2015, the state run China Daily newspaper said on Tuesday, despite economic growth that slowed to its weakest pace in nearly a quarter of a century last year.

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China tells banks to step up lending to lift flagging growth

China has told its banks to issue more loans in the final months of 2014 and has relaxed limits on their loan-to-deposit ratios to help hit a record new lending target as the government steps up efforts to lift flagging economic growth.

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How China's shadowy agency is working to absorb Taiwan

Ever since a civil war split the two sides more than 60 years ago, China has viewed Taiwan as a renegade province that needs to be absorbed into the mainland. To that end, the legion of Taiwanese businessmen working in China is a beachhead.

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