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Tag: China

China Development Bank approves $254.76m loan for Kano-Kaduna rail project
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China Development Bank approves $254.76m loan for Kano-Kaduna rail project

The China Development Bank has approved a loan of $254.76 million (€245 million) for Nigeria’s Kano-Kaduna railway project, marking a significant boost to the ongoing infrastructure development in the country. The loan, announced by the bank on Tuesday, is expected to provide essential financial support for the completion of the standard-gauge rail line, which spans […]

Tech

China unveils plans to expand driverless vehicle use in Beijing

China’s capital, Beijing introduced new regulations on Tuesday to support autonomous driving technology, with plans to eventually allow driverless public buses and taxis. According to Beijing Daily, autonomous vehicles that pass road tests and safety assessments will be eligible for road trials. The new regulations will come into effect on April 1. According to the […]

China’s rare earth magnet exports hit six-month high in July
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China bans key mineral exports to US amid trade tensions

China has banned exports of materials related to gallium, germanium, and antimony to the U.S., citing their potential military applications. The announcement came on Tuesday, a day after the latest U.S. crackdown on China’s chip sector. Beijing’s new directive, which takes immediate effect, restricts exports of dual-use items with both military and civilian applications, citing […]

Apple considers portless design for iPhone 17 Air
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iPhone, other foreign smartphone sales drop in China

Sales of foreign-branded smartphones, including Apple’s iPhone, plummeted by 44.25% year-on-year in October, according to new data from the China Academy of Information and Communications Technology released on Wednesday. The research revealed that foreign smartphone sales in China dropped to 6.22 million units last month, down from 11.149 million units in October 2023. As the […]

China’s rare earth magnet exports hit six-month high in July
News

China dominates AI patents, outpaces US – UN data

China leads the world in generative AI inventions, filing six times more patents than its closest competitor, the United States, according to U.N. data released on Wednesday. Generative AI, which can create text, images, computer code, and music from existing information, is experiencing explosive growth. Over the past decade, more than 50,000 patent applications have […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
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Apple iPhone’s Chinese shipment rises by 12%

Shipments of Apple iPhones in China saw a notable increase of 12% in March, according to data from a research firm associated with the Chinese government. The surge in shipments of foreign-branded phones, totaling 3.75 million units, compared to 3.35 million units in the previous year, was highlighted in a report published on Wednesday by […]

Baidu denies data breach allegations after exec's daughter's leak
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China’s Baidu hits 200m users

China’s tech giant, Baidu on Tuesday announced that its artificial intelligence chatbot, “Ernie Bot,” has amassed an impressive user base of over 200 million individuals. This milestone comes as Baidu aims to solidify its position as the leading ChatGPT-like chatbot in China amidst escalating competition in the market. Since its launch to the public eight […]

Energy

China to drive Africa’s renewable energy revolution – Report

China has an extraordinary opportunity for an energy revolution in Africa, but first, it must overcome almost two decades of neglect regarding investment in green power there, research from Boston University showed on Tuesday. Since the beginning of the century, Beijing has emerged as the largest bilateral trade partner on the African continent and financed […]

China bans Intel, AMD processors in govt computers
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China bans Intel, AMD processors in govt computers

China has issued guidelines prohibiting the use of US-made processors from companies like AMD and Intel in government computers and servers, The Financial Times reported. Additionally, the guidelines restrict the use of Microsoft Windows and foreign database products in favor of domestic alternatives, signaling the latest development in the ongoing tech trade tensions between the […]

US, China demand pushes oil prices beyond $83pb
Business

US, China demand pushes oil prices beyond $83pb

Early Friday trade indicated that oil prices had risen, driven by increased demand from the world’s two biggest consumers China and the United States. An upbeat assessment of prospective rate cuts from the US Federal Reserve added credence to this according to The Times. Brent oil futures were up 0.6%, or 49 cents, to $83.45 […]

China's Lenovo reports $15.72bn Q3 revenue growth
Business

China’s Lenovo reports $15.72bn Q3 revenue growth

The world’s largest manufacturer of personal computers, Lenovo Group (0992.HK), based in China, announced on Thursday that its revenue for the October-December quarter was $15.72 billion, a 3% increase over the same period last year. Reuters reported that the outcome was contrasted with the $15.25 billion mean of eight analyst projections aggregated by LSEG. Following […]

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