China acknowledges ‘temperature gap’ between tech boom and traditional slump
A top theoretical journal of the Communist Party has acknowledged that a stark economic divide exists between China’s booming AI sector and its struggling traditional industries.
And while arguing that this divergence was not unique to China, the Qiushi Journal stressed that rapid technological advances must not leave ordinary citizens behind.
In a commentary published on its website on Sunday, the journal conceded that there was an obvious “gap in temperature” in the world’s second-largest economy.
“Macroeconomic data serves as the economy’s ‘thermometer
Hong Kong’s Chinese bond futures are a major step for the global yuan
Liu Min is acting president of the Chinese Securities Association of Hong Kong.
On August 3, five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange. Market attention has focused on the new product, but its real significance emerges when set against the deep shifts under way in the international monetary system.
History offers a clear lesson: no currency has graduated from a trade settlement currency to a genuine investment and reserve currency on the
4 ex-warehouse workers jailed over plot to steal Chanel items worth HK$8.7 million
Court sentences men over two foiled plots to steal Chanel handbags and wallets from the Goodman Interlink warehouse between 2016 and 2017
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Four former Hong Kong warehouse workers have been jailed for up to seven years for conspiring to steal more than 800 unsold Chanel handbags and wallets worth at least HK$8.7 million
Will AI healthcare be China’s new global growth engine?
Artificial intelligence (AI) has transformed healthcare for hundreds of millions of people in China.AI-powered apps help them manage their health and seek care, while others help doctors better diagnose and treat their patients. AI analysis of routine scans detects cancers and other conditions physicians might have missed. Personalised cancer vaccines built on AI analysis will soon begin rolling off production lines in China. The country’s leading tech companies have poured resources into...
How a Xinjiang weed could reduce China’s reliance on Southeast Asian rubber
Dandelion that oozes milky fluid when root is broken poised to help ease country’s import reliance
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Chinese scientists have turned a dandelion-like weed into natural rubber, a step that could help cut China’s heavy reliance on imported rubber.
Growing on the salty, alkaline shores at the foot of the Tianshan Mountains in the Xinjiang Uygur autonomous region , the plant looks much like an ordinary weed, with small yellow
Most Indians ‘not happy’ with way Modi handled exam scandals that sparked protests: poll
Even among supporters of Modi’s ruling coalition, 40 per cent registered their disapproval with his government’s actions
High-altitude variant of China’s C919 airliner completes first test flight in Shanghai
China’s first high-altitude variant of the C919 narrowbody jet has completed its maiden test flight at Shanghai Pudong International Airport, marking a step forward in the home-grown aircraft’s challenge to Boeing and Airbus.
Derived from the standard C919 platform, the specialised variant features a shortened fuselage and enhanced systems engineered for operations in high-altitude regions, the Communist Party mouthpiece People’s Daily reported on Monday.
The plane will undergo comprehensive airworthiness certification and environmental adaptability trials across various
A Better Tomorrow at 40: how John Woo blockbuster changed Hong Kong cinema – SCMP archive
As A Better Tomorrow celebrates its 40th anniversary, we look back at how the film redefined the Hong Kong action genre
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Forty years ago, John Woo’s A Better Tomorrow was released. The action film is considered to be a turning point in Hong Kong cinema with directors like Quentin Tarantino citing it as an inspiration. In this On This Day article, we look at SCMP’s archive coverage of