Geely to ramp up digitalization, new energy efforts

Zhejiang Geely Holding Group will step up its digitalization and electrification efforts as more cars will become electrified, smart mobile terminals connected to the internet, said its chairman Li Shufu on Tuesday. Li, a deputy to the 13th National People’s Congress, said studies on digitalization will prove crucial as the 21st century is an era that features technological revolution, industrial evolution … Read More

China’s non-financial ODI maintains strong growth

China’s non-financial outbound direct investment (ODI) maintained double-digit growth in the first two months of the year, official data showed Wednesday. Domestic investors made $16.82 billion of non-financial ODI in 1,429 overseas enterprises in 135 countries and regions for January-February, the Ministry of Commerce (MOC) said.

China’s Belt and Road Enters the Arctic

The Arctic states could find much-needed funding for infrastructure improvements through China’s Belt and Road. Infrastructure is the foundation for economic development. The Arctic is extremely rich in natural resources, accounting for up to 20 percent of Earth’s reserves, while the area is sparsely populated, with only 4 million inhabitants, and with underdeveloped infrastructure.

Xiaomi, Microsoft plan AI cooperation

Xiaomi Corp inked a deal with Microsoft Corp on Friday to deepen cooperation in artificial intelligence, cloud computing and laptops, as part of the Chinese smartphone vendor’s going-global efforts this year.

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