Tag Archives: China

Beauty market aglow: young Chinese splurge on self-care, Fosun-backed firm says

Beauty market aglow: young Chinese splurge on self-care, Fosun-backed firm says

Young Chinese consumers, including a growing number of men, are splurging on aesthetic medical treatments for physical, emotional and social wellness, according to the CEO of Fosun Pharma‑backed Sisram Medical and its subsidiary Alma, who says Asia’s relatively low penetration offers greater growth potential than North America. “It is a global trend that younger generations, including those [in mainland China] …

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Former editor Hu Xijin urges restraint in official media’s criticism of Japan

Former editor Hu Xijin urges restraint in official media’s criticism of Japan

A former editor-in-chief of a Chinese nationalist tabloid has called upon official media to manage public expectations properly and refrain from using “harsh language that does not reflect the actual situation” when criticising Japan. Hu Xijin, the former editor-in-chief of the Global Times, affiliated with Communist Party mouthpiece People’s Daily, said some social media accounts run by official media had …

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Exclusive | Why US economist Nicholas Lardy thinks the ‘peak China’ theory has peaked

Exclusive | Why US economist Nicholas Lardy thinks the ‘peak China’ theory has peaked

Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council on Foreign Relations, both Washington-based think tanks. He has studied the Chinese economy extensively, publishing several books on its growth and development since the late 1970s. His most recent, 2019’s The State Strikes Back, posits a rollback of Beijing’s economic …

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Carney: global economic ‘centre of gravity’ shifting away from US

Carney: global economic ‘centre of gravity’ shifting away from US

Canadian Prime Minister Mark Carney said the world can make progress on a range of issues without the US, and that consensus reached at a Group of 20 leaders’ meeting in Johannesburg this weekend carries weight despite a boycott by President Donald Trump’s administration. South Africa, the G20 host this year, defied the US by releasing a declaration from the …

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Ant Group’s vibe coding app hits 1 million downloads in just 4 days

Ant Group’s vibe coding app hits 1 million downloads in just 4 days

Ant Group’s new “vibe coding” artificial intelligence app LingGuang has overwhelmed servers after user downloads surpassed 1 million in just four days, hitting the milestone faster than OpenAI’s ChatGPT and Sora, according to the Chinese fintech giant. The app’s innovative functionality of generating applications in response to users’ text prompts was temporarily suspended on Thursday evening, with the company attributing …

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China team simulates large-scale electronic warfare against Musk’s Starlink

China team simulates large-scale electronic warfare against Musk’s Starlink

When Russian forces rolled into Ukraine in early 2022, one of the first moves by Kyiv was sending a post to Elon Musk on X: Ukraine needs satellite internet. Within days, thousands of Starlink terminals arrived, restoring command and control across the battlefield despite Russia’s best efforts to black out communications. Moscow initially tried to jam the signals – and …

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Xiaomi open-sources AI model spanning autonomous driving and robotics

Xiaomi open-sources AI model spanning autonomous driving and robotics

Xiaomi has open-sourced a new foundation model that integrates autonomous driving and embodied artificial intelligence, as the Chinese smartphone and electric-vehicle (EV) manufacturer seeks to enhance its AI capabilities. MiMo-Embodied, which comes after Xiaomi’s first large language model MiMo launched in April, was described as the “first open-source vision-language model” that combined autonomous driving and embodied AI tasks. Technical reports …

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Trump team considering selling Nvidia H200 chips to China, insiders say

Trump team considering selling Nvidia H200 chips to China, insiders say

US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence chips to China, according to people familiar with the matter, a contentious potential move that would mark a major win for the world’s most valuable company. US President Donald Trump’s team has held internal talks about H200 chip shipments to the Asian country in …

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Games closing ceremony marks more of a beginning than end for Greater Bay Area

Games closing ceremony marks more of a beginning than end for Greater Bay Area

The curtain came down on the National Games on Friday, wrapping up a two-week sporting celebration with a closing ceremony that felt much more like a beginning than the end of an occasion steeped in historic achievement. After a gold, silver and bronze-fuelled build-up, this was the Greater Bay Area’s coming out party as a region ready to host the …

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