Jack Ma, the founder of the Alibaba Group, is leading another potential revolution with his recent investment in the financial sector. MYbank is a virtual bank which has given out loans worth an astounding $290 billion so far. The innovative financial solution is trying to tackle a financial bottleneck in the credit market that has...
Going digital is one of the best things to have happened to the world. China’s digital sector is predicted to experience a significant boost as more innovative technologies are being introduced. New generation technologies are expected to be some of the most powerful tools. Some of these technologies are Artificial Intelligence, Blockchain, and the 5G...
There has been a rapid increase in the trade volume in China’s Fujian Province. The province has seen multiple development measures and trade increases as China has embarked on the BRI. China’s BRI project or the Silk Road Economic Belt has had a tremendous impact on the Belt and Road countries since its launch...
China is on the verge of becoming a world leader in Artificial Intelligence. However, according to Jeffery Ding of the Center for Governance of AI at the University of Oxford China’s AI status is highly overstated. Ding’s stance on China and AI is a contrast to the belief that China and US might go to...
China is home to some of the oldest cultures and civilizations in the world. However, it has a firm eye on the future as well. In fact, it has been vocal about its ambitions to lead the world in futuristic technology and innovation. As a result, China has been actively seeking to innovate and modernize...
Chinese authorities have launched investigations into the dumping activities of US companies that export propanol to China. Propanol is an ink solvent used in printing food packages and is also used in antibiotic production. Amidst the rising tensions in the duration of the trade war between the superpowers, there have been increasing restrictions, qualitative...
In the second quarter of 2019, China’s economic growth slowed down to 6.2%. This is the slowest pace in the last 27 years, and it is mainly due to the trade situation with the US. Despite the fact that there was a slight improvement in June, most experts believe that the gains may not be...
With an eye firmly set on the future where China anticipates a leadership role, the country has been constantly pouring money into the development of renewable energy. These investments, it believes, will propel it closer to its superpower ambitions. The aim is to reduce dependency on other powers such as resource-rich Russia or the oil-rich...
With China’s intention to open up its finance sector for foreign investments earlier than planned, the two notable opportunities that arose include: The restriction on foreign shareholders for owning insurance, fund, and security management firms will be removed in the year 2020 Foreign investors will be buoyed up to establish pension management companies, wealth management...
The World Bank has finally released its long-delayed report analyzing Chinese investments in the ambitious One Belt One Road Initiative. It noted that Chinese investment in a string of infrastructure projects that connect China to the European, Asian, and African markets will be instrumental in uplifting poverty across all the regions it touches. The network...