Nearly 60 per cent of people aged 60 and over in mainland China are empty nesters – an increase of more than 10 percentage points in a decade – and most say they cannot afford to live in a nursing home, according to a nationwide survey. The poll, conducted every five years by the Ministry … Read more
AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such as Taobao and Tmall. Alibaba’s June quarter was a mixed bag. The company reported 4 per cent year-on-year revenue growth to 243.2 billion yuan (US$33.5 … Read more
Shanghai-based e-commerce app Dewu, a popular option among young Chinese consumers looking for niche brands, will trim its workforce by 5 per cent amid weak Chinese consumer spending, according to an internal letter to employees on Wednesday. Dewu employees who received the letter, and declined to be named as they are not authorised to speak … Read more
According to the centre’s deputy director, Shu Yousheng, industrialisation of innovative BCI has been held back by the lack of technical support from other disciplines. The new research centre aimed to bridge the gap between brain disease research and industry, the public university in Shanghai said on its website. The centre represented a systemic integration … Read more
The Redress offices and our permanent second-hand clothing store, The Redress Closet, are located in Sham Shui Po. UK-born Christina Dean is the founder of NGO Redress. Photo: Joakim Blockstrom There are a couple of spots in the area we return to for team lunches. The first is Treasure Vegetarian Restaurant (Shop 85, G/F, Man … Read more
China’s Politburo – a high-level decision-making body of the country’s Communist Party – reviewed a pilot accountability mechanism for financial de-risking on Monday, the latest offensive in Beijing’s campaign to address deep-rooted hazards in the financial system and the crisis-plagued property sector. The blueprint for how to keep financial actors like watchdogs, state-owned financial institutions … Read more
They said that in addition to the death toll, a further 30 people were injured and 23 vehicles were trapped, and they were continuing the search for bodies and injured people. Chinese President Xi Jinping has ordered local authorities to make an all-out effort to save lives and ensure “overall social stability”. He ordered government … Read more
China’s persistent economic weakness and the escalation of the tech war between Washington and Beijing continue to drive the country’s currency, the RMB (Yuan), lower, according to Dr. Tenpao Lee, professor emeritus of economics at Niagara University. “Fundamentally, the value of a country’s currency reflects the strength of its overall economy in general,” Professor Lee … Read more
