Alibaba Group Holding Ltd announced on Wednesday the establishment of a dedicated chip subsidiary that aims to create customized artificial intelligence chips and embedded processors to further support the tech giant's sprawling cloud and internet of things businesses.
The municipal government of Shanghai launched an integrated development and testing platform for location-based services on the China International Industry Fair, which will last five days from Wednesday.
China will play a leading role in shaping a new framework for global cooperation to maintain open markets and facilitate globalization, Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), said in Tianjin on Tuesday.
Despite short-term fluctuations, China will stick to its pledges to continue to promote opening up in the financial sector as the nation has sound economic fundamentals, according to senior officials.
Leading Chinese think tank experts have asked Beijing and Brussels to forge an alliance to defend multilateralism and globalization as the United States escalates trade tensions with China.
China's central bank injected further liquidity into the financial sector on Monday, a measure to ease investors' concerns about economic downside risks in the fourth quarter due to uncertainties arising from escalating Sino-US trade tensions, and to boost investment.
Shanghai is looking to build itself into a national hub for artificial intelligence and will sharpen its focus on the sector's basic research, pilot zones, policies and talents to bolster that goal.
Only one of the 70 major cities in China saw a decline in its housing price month-on-month in August, according to the National Bureau of Statistics, with experts predicting that the authorities would introduce further curbs to rein in price rises.
Chinese companies and institutions are accelerating their application of internet of things technologies to improve their efficiency and provide added-value to their customers.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
