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Peking University

China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

by Walter Watson
China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

In comparison, in 2021, it was just US$100 away by the World Bank’s criterion – a per-capita GNI of US$12,551 compared to the US$12,695 requirement that year. China stands at …

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Hong Kong pledges to step up expansion of innovation and technology talent pool, bolstering city’s hi-tech hub ambitions

by Anas Siddiqui
Hong Kong pledges to step up expansion of innovation and technology talent pool, bolstering city’s hi-tech hub ambitions

He also cited how China’s 14th five-year plan for 2021-25 supports the city’s “development into an international I&T centre”. Some of the prominent speakers and guests at the 2nd Global …

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China’s EV sector a live wire for US, with war of words over excess capacity casting shadow over Janet Yellen visit

by Anas Siddiqui
China’s EV sector a live wire for US, with war of words over excess capacity casting shadow over Janet Yellen visit

United States Treasury Secretary Janet Yellen is expected to consult American companies on China’s industrial overcapacity, particularly in solar power and electric vehicles (EVs), at a planned meeting during her …

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Covid pushed foreign students out of China. Will politics, red tape and poor job prospects keep them away?

by Ron Morgan
Covid pushed foreign students out of China. Will politics, red tape and poor job prospects keep them away?

“It used to be that many students wanted to go to China, study China, and understand Chinese because they thought it would give them an advantage in the job market,” …

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China’s ‘two sessions’ 2024: as GDP gap with US widens, will the ‘East wind’ prevail?

by Walter Watson
China’s ‘two sessions’ 2024: as GDP gap with US widens, will the ‘East wind’ prevail?

Such a tilt in world power would indicate major historical changes in China’s and the party’s favour, but it is far from a settled matter. As the first major economy …

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Chinese researchers aim to ‘reproduce’ OpenAI’s text-to-video model Sora with help from open source community

by Anas Siddiqui
Chinese researchers aim to ‘reproduce’ OpenAI’s text-to-video model Sora with help from open source community

A team of researchers is making a fresh push to develop China’s answer to OpenAI’s text-to-video model Sora, in the latest sign of the country’s generative artificial intelligence (AI) frenzy. …

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Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify

by Walter Watson
Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify

A leading Chinese investment bank has amplified calls for Beijing to bolster fiscal support to consumers and businesses, citing a relative gulf in effect for pandemic-era stimulative actions taken by …

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China funds clean energy for belt and road partners, fuelling green transition and salving chafed feelings

by Walter Watson
China funds clean energy for belt and road partners, fuelling green transition and salving chafed feelings

Despite misfires during previous infrastructure endeavours in Africa, the Middle East and Central Asia, China is now making substantial green energy investments in those regions – and finding eager takers. …

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Shunning mainland China, Taiwan pushes start-ups to explore US, Southeast Asia

by Walter Watson
Shunning mainland China, Taiwan pushes start-ups to explore US, Southeast Asia

The firm has received approval from a Taiwan government start-up support agency to join trade shows abroad, including in the US, to explore new markets. “We’re focused on climate sustainability, …

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