Head of leading Chinese defence university sanctioned by US promoted to vice-minister for industry

Trump said the measure was designed to stop spying and the illegal collection of American intellectual property – accusations China denied. Later in the year, the university was also included on a entities list that identified institutions that posed a threat to US national security. The Nanjing University of Aeronautics and Astronautics, was classified as … Read more

China’s smartphone market recovers in 2023 amid increased competition, Huawei’s strong comeback in 5G handset segment

Domestic smartphone shipments totalled 289 million units last year, compared with 272 million in 2022, according to the latest report published on Monday by the China Academy of Information and Communications Technology (CAICT), a scientific research institute under the Ministry of Industry and Information Technology. That increase was in stark contrast with the 22.6 per … Read more

China convenes Huawei, Tencent, Baidu to draft metaverse standards in bid to become global technology leader

China’s Ministry of Industry and Information Technology (MIIT) has assembled 60 experts, including some from the country’s largest technology firms, to form a new working group to establish standards for the metaverse sector. Representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and NetEase, web search and artificial intelligence champion Baidu, financial … Read more

Chinese generative AI to account for a third of industry’s economic value by 2035, Beijing think tank says

Chinese generative artificial intelligence (AI) will contribute 30 trillion yuan (US$4.2 trillion) worth of economic value, out of the industry’s 90 trillion yuan globally, by 2035, a Beijing think tank affiliated with China’s industry ministry predicted in a report. In the near term, China’s generative AI market is expected to reach 10 trillion yuan this … Read more