China’s Xi urges state giants to be pillars of national development
President Xi Jinping has instructed central state-owned enterprises (SOEs) to serve as the bedrock of national development, urging…
China’s AI race heats up as Shanghai launches massive subsidy scheme
Shanghai has unveiled an ambitious 1 billion yuan (US$139 million) subsidy programme for the artificial intelligence industry, as…
Economists say structural reforms needed to shift China’s focus to consumption
While eye-catching technological breakthroughs – led by the DeepSeek artificial intelligence (AI) model – have boosted confidence in…