Artificial intelligence will bring about changes as fundamental as those enabled by electrification, argues Li Kaifu, Chinese artificial intelligence specialist and founder of the venture capital firm Sinovation Ventures. He says that China is leading in real-world applications of AI to businesses, factories and cities, and is catching up with the United States in basic research.
Visa Inc has applied for a bank card clearing license in China as a wholly owned foreign enterprise, said Alfred F. Kelly, Jr., CEO of the leading global payments technology company.
Ford Motor Co unveiled a comprehensive blueprint on Wednesday in Shanghai, in which the carmaker vowed to make use of the best resources from itself and in China to reposition its business for greater success in the world's largest automotive market.
China is building the world's largest liquefied natural gas carrier with a capacity of 270,000 cubic meters to cope with the rising demand for the clean fuel in the nation, a top shipbuilder said on Tuesday.
Huawei Technologies Co will soon build cloud computing nodes or availability zones in Brazil and Chile, as part of the Chinese technology giant' efforts to expand its presence in the global cloud arena.
A 100-meter-long and 33-meter-wide swivel bridge, the country's largest and heaviest one which spans a major railway and a highway in Guangdong province, turned to its targeted position on Tuesday after rotating for 115 minutes without affecting the traffic.
Crude steel production capacity in Hebei province and Tianjin will be capped at 200 million metric tons and 15 million tons by 2020, as part of China's efforts to optimize the iron and steel industry, a senior government official said.
China's demand for talents in technology, digital and financial services sector will continue to grow, while the education sector may see a tight talent crunch as demand still outweighs supply, a new report said.
Global life sciences industry players see new opportunities in China, the world's second-largest pharmaceutical market, as the government pushes for innovation for a healthier country.
Saudi Arabian Oil Company (Saudi Aramco), one of the world's top oil exporters, will continue to boost its downstream presence in China, after it formalized plans to build a 300,000-barrel-per-day refining and petrochemical complex along with Norinco Group and Panjin Sincen in Panjin, Northeast China's Liaoning province, in February.
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