China has formally begun construction on an ambitious project to enable the passage of larger vessels and streamline logistics along the Yangtze River, reports the South China Morning Post. The centrepiece of the planned RMB 77.2 billion ($11.4 billion) infrastructure buildout, which looks to span nearly a decade, is a series of mega ship locks–colossal structures […]
Category: Brief
China has launched a national initiative to accelerate the deployment of humanoid robots and embodied AI, reports Caixin. Policymakers have set a goal of putting more than 10,000 humanoid robots into commercial use by the end of 2026. The Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission on Tuesday issued […]
Tencent Holdings is allowing developers to integrate their services into WeChat’s new AI ecosystem, enabling users to book rides, order food and plan trips using AI agents, reports Caixin. Major local service and travel platforms, including Meituan, Trip.com, Tongcheng Travel and Didi announced their participation in initial testing shortly after WeChat opened the platform on Monday. […]
China’s export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI boom, reports Reuters. The growth has provided policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand. Exports expanded 19.4% from a year earlier in US dollar value terms, customs data showed […]
BYD will start assembling cars at its new plant in Hungary in the fourth quarter of this year, reports Reutersciting a company executive. Meanwhile, the Chinese automaker has paused work on a plant in Turkey while it focuses on production in Europe. “Hungary is the number one priority right now,” Executive Vice President Stella Li told […]