ipsets like Kirin, which has been used in Huawei’s high-end smartphones. In addition to server chips, th e company has also developed chips for base stations, basebands and chipsets powered by artificial intelligence. “From chips to its self-developed operating system, Huawei has long been preparing for independent research and development in core technologies. It has the abil ity to adjust to changes in the global market,” said Xiang Ligang, director-general of the Information Consumption Alliance. Huawei has also made preparations with core chipsets. Existing s tocks are thought to provide the company with a buffer of six months to a year, he said. shanghaidianbaobao.cnRead More →

ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman. The central commission said in the statement that Liu is cooperating with the probe. hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported. Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations. This came a month after six other cities were also warned over similar reasons on April 19. www.shangjianxiachui.cnRead More →

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit. To make up for the increasing savings gap, the US needs to introduce and use more foreign ca pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict theRead More →

China plans to promote the applications of digital technologies in rural areas to boost local development. As a step towards rural modernization and transformation, digital rural development play s a crucial role in rural revitalization and building a digital China, according to the guideline jointly issue d by the general offices of the Communist Party of China Central Committee and the State Council. The country has vowed to achieve initial development of buildin g digital villages by 2020, with 4G internet accessible to more than 98 percent of the adm inistrative villages and the digital economy growing rapidly in rural regions, the guideline said. WithRead More →

stration show China had 5,354 museums by the end of 2018, and museums across the country held some 2 6,000 exhibitions in 2018 and received 1.126 billion people, an increase of 30 percent and 16 percent, respectively. The International Council of Museums organized the annual I nternational Museum Day in 1977 to address the changing roles of museums. Museums across the world are reinventing their roles to become more interacti ve, audience focused and active in delivering creativity and knowledge to their communities.School students and adult visitors learn about making prints and carving stamp seals and learn about the appreciation of and technological me thodsRead More →

hina attaches great importance to innovative development, and it considers new generation artificial intelligence as the driving force for scientific and technolo gical development, industrial optimization and upgrading as well as major productivity improvements while it s trives to achieve high-quality development, President Xi Jinping said on Thursday. Xi made the remark in a congratulatory letter to the World Intelligence Congress, which opened in Tianjin. The president noted that AI is having a significant and far-reaching impact on economic development, social progress and gl obal governance. He expressed hope that participants at this third congress strengthen exchanges, enhance con sensus and step up cooperation toRead More →

peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said. The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030. In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust rial chains including independent and controllable information systems, smart security, big data, advanced co mmunications, intelligent connected vehicles, industrial robots and intelligent terminals. According to the plan, the government will buildRead More →

anghai, before moving to the US in 1935. He studied at the Massachusetts Institute of Technology and Harvard’s design s chool, and spent the early years of his career designing buildings for a real estate developer in New York. Pei is known for his affection towards precise geometry and design details. He also ha d a strong reverence for light, as shown in the famous pyramid of the Louvre Museum. His significant works include the Jacob K Javits Convention Center in Manhattan (1979 to 1986), the Morto n H Meyerson Symphony Center in Dallas (1982 to 1989), the Bank of China Tower in Hong KRead More →

public offering at $17 per share on Nasdaq Stock Exchanges, CNBC reported on Friday. This price is at the top of its expected range from $15 to $17 in a regulatory filing, indicating the value of the company at about $4.2 billion. Luckin Coffee raised $150 million in the most recent Series B+ round of financing, lifting the B eijing-based company’s valuation to about $2.9 billion, the company announced on April 18. With the aid of new technology, Luckin Coffee provides customers convenient service with innovative business model. “The old way is people looking for coffee. With us coffee finds the people,” Luckin Coffee’s Co-founderRead More →

China’s Ministry of Commerce on Thursday urged the United States to correct its use of tariffs, and vo wed to take necessary countermeasures if the US’ new tariff plan targeting $300 billion in Chinese imports takes effect. The US government’s bullying behavior and maximum pressure regime on China violate mu ltilateral trade rules, ministry spokesman Gao Feng said at a regular news conference. The office of the United States Trade Representative proposed to take further action by imposing 25 percent of addition al tariffs on Chinese imports with an annual trade value of approximately $300 billion. The USTR is seek ing comment and will holdRead More →