Ethan Zhao
Senior Reporter
The Latest
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China Markets Overview: Shanghai Index Falls 0.42% Amid Lower Volumes, Chip Sector Soars, While AI Stocks Retreat Collectively
Shanghai Stock Index fell by 0.42% on Friday, May 19, amid low trading volumes. The chip sector saw robust performance throughout the day while AI-related stocks collectively retreated. 
Shanghai Stock Index fell by 0.42% on Friday, May 19, amid low trading volumes. The chip sector saw robust performance throughout the day while AI-related stocks collectively retreated. -
Alibaba Reports Underwhelming Revenue Growth, Announces Cloud Unit Spin-off
Alibaba Group Holding Ltd, the Chinese e-commerce giant, unveiled its quarterly revenue, reporting a modest 2% rise that fell short of market predictions. Simultaneously, it announced the board's approval for a spinoff of its cloud-computing arm. 
Alibaba Group Holding Ltd, the Chinese e-commerce giant, unveiled its quarterly revenue, reporting a modest 2% rise that fell short of market predictions. Simultaneously, it announced the board's approval for a spinoff of its cloud-computing arm. -
Onshore and Offshore Renminbi Break "7" Against US Dollar: Expert Says There's Little Room for Significant Depreciation
Wang Youxin, senior researcher at the Bank of China Research Institute, believes that while risk aversion may temporarily strengthen the dollar, it currently shows signs of being overvalued. 
Wang Youxin, senior researcher at the Bank of China Research Institute, believes that while risk aversion may temporarily strengthen the dollar, it currently shows signs of being overvalued. -
China Experiences Pre-Pandemic Tourism Surge, Bolstering Economic Outlook
China witnessed a significant surge in domestic tourism during the May Day holiday, with the number of trips rising by over two-thirds compared to the previous year, according to government data released on Wednesday. 
China witnessed a significant surge in domestic tourism during the May Day holiday, with the number of trips rising by over two-thirds compared to the previous year, according to government data released on Wednesday. -
China's AI Sector Progresses Despite US Chip Export Limitations
Despite last year's US microchip export controls aimed at stalling China's advancement in supercomputers and AI systems, China's tech sector has experienced minimal disruption. The restrictions targeted shipments of Nvidia Corp (NVDA.O) and Advanced Micro Devices Inc (AMD.O) chips, which are essential for developing AI systems and chatbots. 
Despite last year's US microchip export controls aimed at stalling China's advancement in supercomputers and AI systems, China's tech sector has experienced minimal disruption. The restrictions targeted shipments of Nvidia Corp (NVDA.O) and Advanced Micro Devices Inc (AMD.O) chips, which are essential for developing AI systems and chatbots. -
New EV Makers Face Intensifying Competition as Traditional Automakers Gain Ground
As new energy vehicle brands continue to announce their April delivery results, a growing divide is becoming apparent among emerging automakers. Li Auto has managed to surpass both NIO and XPeng in deliveries last month, while traditional automakers' new energy brands are steadily growing, gradually chipping away at the market share of the newcomers. 
As new energy vehicle brands continue to announce their April delivery results, a growing divide is becoming apparent among emerging automakers. Li Auto has managed to surpass both NIO and XPeng in deliveries last month, while traditional automakers' new energy brands are steadily growing, gradually chipping away at the market share of the newcomers. -
Shenzhen Real Estate Market Buzz: Unconfirmed Changes to Second-Hand Home Reference Prices
Rumors have been circulating in the Shenzhen real estate market that second-hand home reference prices may be adjusted. On April 20th, real estate agents were busy spreading the news, with some even celebrating homebuyers signing contracts before the alleged changes. 
Rumors have been circulating in the Shenzhen real estate market that second-hand home reference prices may be adjusted. On April 20th, real estate agents were busy spreading the news, with some even celebrating homebuyers signing contracts before the alleged changes. -
China's Expert Recommends COVID-19 Booster Shots for Vulnerable Populations, Optional for Under 50s
If no new coronavirus variants emerge after the XBB strain, the infection may gradually subside, with a low-level, persistent epidemic. However, if new variants continue to emerge, another wave of infection will follow. Those uninfected during the first wave face higher risk of infection during the second wave. For reinfection, people aged 60 and above and those unvaccinated are at greater risk. 
If no new coronavirus variants emerge after the XBB strain, the infection may gradually subside, with a low-level, persistent epidemic. However, if new variants continue to emerge, another wave of infection will follow. Those uninfected during the first wave face higher risk of infection during the second wave. For reinfection, people aged 60 and above and those unvaccinated are at greater risk. -
Huawei Unveils In-House MetaERP System in Response to US Restrictions
Chinese tech giant Huawei Technologies announced on Thursday that it has developed an in-house enterprise resource planning (ERP) system called 'MetaERP' to replace the software management systems it previously sourced from US vendors. The move is seen as a triumph over US sanctions that once threatened the company's survival. 
Chinese tech giant Huawei Technologies announced on Thursday that it has developed an in-house enterprise resource planning (ERP) system called 'MetaERP' to replace the software management systems it previously sourced from US vendors. The move is seen as a triumph over US sanctions that once threatened the company's survival. -
Beijing Changfeng Hospital Fire Claims 29 Lives, Preliminary Investigation Results Released
A press conference was held on April 19 in Beijing to report on the fire incident at Changfeng Hospital, which has resulted in 29 deaths as of 9 a.m. today. 
A press conference was held on April 19 in Beijing to report on the fire incident at Changfeng Hospital, which has resulted in 29 deaths as of 9 a.m. today.
