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In 2017, China increased the production of industrial robots by 68% to 130 thousand units. This is a third of the global market for industrial robots. In 2016, the size of the Chinese market for intellectual production grew by 18.4% to 106 billion yuan. Intellectual production is concentrated in the four main regions of China. The state plan of the People's Republic of China “Made in China-2025” is aimed at achieving a high level of automation through the modernization of factories. China’s task is to become the world leader in the development of artificial intelligence by 2030. According to the Xinhua news agency, it is expected that by 2020 the volume of the domestic market of intellectual production in the PRC will grow to about 220 billion yuan.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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