Xu Wei

1 week ago | yicaiglobal.com | Xu Wei

(Yicai) April 17 -- A new salon dedicated to innovation in science and technology kicked off in Shanghai today, offering a high-end dialogue platform that brings together government, businesses, researchers, and investors. Launched at the Shanghai Zhangjiang Science Hall, the Zhangjiang Sci-Tech Innovation Salon will help to boost the profile of Zhangjiang as a center for science and tech innovation, the committee for Pudong New Area, where it is located, said via its official WeChat account.

1 week ago | yicaiglobal.com | Xu Wei

(Yicai) April 17 -- China’s central bank will continue refining cross-border policies to streamline yuan settlements in Malaysia and Cambodia, China News Service reported today. The People’s Bank of China aims to foster a more convenient and business-friendly environment for companies in both Southeast Asian countries to conduct foreign trade and investment transactions in yuan, according to the state news agency.

1 week ago | yicaiglobal.com | Xu Wei

(Yicai) April 17 -- The United States’ three largest creditors -- Japan, China, and the United Kingdom -- all increased their holdings of US Treasury bonds in February. China’s holdings of US Treasuries rose by USD23.5 billion to USD784.3 billion in February from the previous month, according to data released yesterday by the US Department of the Treasury. The country has been holding less than USD1 trillion US Treasury bonds since April 2022.

1 week ago | yicaiglobal.com | Xu Wei

(Yicai) April 16 -- Gu Leilei, a tenured associate professor and doctoral supervisor at the Qingyuan Research Institute of Shanghai Jiao Tong University's School of Computer Science, has reportedly developed a wearable device that provides navigation assistance using artificial intelligence for the visually impaired, according to a report.

1 week ago | yicaiglobal.com | Xu Wei

(Yicai) April 15 -- Shanghai officials have given an update on progress with the “five new cities” plan, an initiative that involves a major shift from a centralized city model toward a more polycentric metropolitan structure. This year’s city action plan was discussed at a press conference held today by Shanghai’s information office, with a focus on Qingpu New City.