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Силният натиск в понеделник за създаване на банка за развитие, обслужваща 10 евразийски държави, включително Китай, би помогнал за изолирането на групата от все по-рискованата търговия, доминирана от щатски долари, като същевременно би ускорил ключови инфраструктурни работи, според анализатори. Такъв концесионен кредитор – част от идея, която отдавна е отложена – би обслужвал Китай, Русия,…

Starbucks отговори на слуховете за потенциална продажба на дял в китайските си операции, след като се появиха отново информации, че американският кафе гигант търси купувачи за бизнеса си в страната. „Виждаме значителен дългосрочен потенциал на пазара и оценяваме най-добрите начини за оползотворяване на бъдещите възможности за растеж“, се казва в официално изявление на компанията. Коментарът…

An 11-year-old boy was fatally shot in Houston, Texas after a prank in which he rang the doorbell of a home and ran away, police said. The boy had been ringing doorbells as a prank late on Saturday evening, the Houston Police Department said in a statement. Commonly referred to as “ding dong ditching”, the…

ByteDance has dismissed Qiao Mu, former head of its Doubao large language model (LLM) team, following an internal ethics probe. In a notice circulated internally on Monday, the TikTok owner cited a “prohibited conflict of interest” between Qiao and a former HR business partner, with both allegedly in a personal relationship and making false statements…

Long after the Tiananmen Square incident in 1989, Westerners and, secretly, even some within China, were thinking that if the communist country was going to follow the decline and fall of the Soviet Union, the crackdown would have been the trigger. But history is full of surprises. Nowadays, some prominent intellectuals in the Anglo-American world…

China’s CATL, the world’s biggest battery maker, has extended its drive into humanoid robotics, leading a RMB 1.1 billion ($153 million) funding round for Beijing-based startup Galbot, making it a unicorn with a valuation of over $1 billion, financial media outlet Caixin has reported. Other investors included the growth investment arm of China Development Bank,…

Xiaomi announced yesterday that it will unveil its new AI glasses during an event entitled the “Xiaomi Human-Car-Home Full Ecosystem Launch,” being held this evening, China time. The teaser poster for the event suggests that the AI glasses will be positioned as part of Xiaomi’s broader ecosystem, potentially linking with its automotive and smart home…

In a move to streamline tax services for foreign nationals, the tax authority of Hainan province launched a bilingual booking platform in Chinese and English on Aug 15. The initiative is part of the province“s efforts to accelerate plans to become a free trade port. The service aims to remove language barriers for expatriates living…

Agreements for six major industrial projects were signed in Shanghai“s Lin-gang Special Area on Aug 19, as part of the area’s sixth anniversary celebrations. The high-profile projects include a heavy gas turbine project, a brain-computer interface verification platform, an underwater robot project and more, with a combined investment of over 40 billion yuan ($5.56 billion).…

BEIJING – China“s electricity consumption, a key barometer of economic activity, surpassed the 1-trillion-kilowatt-hours mark in July, according to the National Energy Administration on Thursday. Power use hit 1.02 trillion kilowatt-hours in July, representing an 8.6-percent increase from the same period last year, driven by a combination of multiple rounds of heat waves and steady…