China launches 19-point plan to spur consumption by 2030
China has launched a 19-point plan to better align the supply of consumer goods with demand, as Beijing steps up its efforts to rebalance its economy towards a consumption-driven growth...
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China’s cultural advantage in the AI Age
As artificial intelligence (AI) surpasses human capability, the societies best positioned to steer superintelligence will not be the most technologically advanced but the most culturally prepared. China, with its Confucian-Daoist...
11 killed, 2 hurt after test train crashes into workers...
A test train crashed into railway workers in China’s southwestern Yunnan province early on Thursday morning, killing 11 people and injuring two, state media said. The test train No 55537,...
How wage inflation became the Fed’s regressive red line
The 2021-2023 inflation surge saw sudden and persistent increases in prices for consumer goods, housing and assets. Wage inflation also rose, but it lagged behind other inflation measures. When wages...
Corrupt Chinese officials hold sham votes to approve projects, state...
Corrupt local officials in China are manipulating collective decision-making procedures for personal gain and to mask their activities, state media has warned. A report published on Wednesday highlighted examples of...
Elite success stories are cold comfort for disillusioned young workers
On the 32nd anniversary of New Oriental, a private Beijing-based education services provider, the company’s founder, Yu Minhong, wrote an internal letter to his staff about his trip to the...
Alibaba to lead AI capital spending among Chinese firms amid...
E-commerce giant Alibaba Group Holding expects to stay ahead of its Chinese Big Tech peers in artificial intelligence-related capital expenditure, as the firm’s AI and cloud computing unit posted its...
Tesla affirms confidence in Chinese partners, repudiates supplier ban
Tesla does not exclude suppliers based on their country of origin as the US electric-vehicle (EV) maker applies unified and rigorous standards in selecting vendors from around the globe, according...
Latin America remains the world's most unequal region
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) warned in its latest report that Latin America continues to be the most unequal region globally, with extreme...
Multipolarity: the Russian world order in disguise
When the Cold War ended, ideology lost its organizing function. A shift away from the debate of capitalism vs. socialism to a unipolar world led by the US-centric international system....
