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China News

  • Chinese messaging app error sees n-word used in translation

    CHINA, 2017/10/14 Chinese messaging app WeChat has reportedly apologised next an AI error resulted in it translating a neutral Chinese phrase into the n-word .WeChat is blaming machine learning for erroneously converting a neutral phrase meaning ‘black foreigner’ into something far more offensive The WeChat error was reported by Shanghai-based theatre producer and actor Ann James, a black American. In a post on the service’s Twitter-like Moments feature, she wrote that it had translated hei laowai – a neutral phrase which literally means “black foreigner” – as the n-word. “We’re very sorry for the inappropriate translation,” a WeChat spokesperson told Chinese news site Sixth Tone. “Next receiving users’ feedback, we instantly fixed the problem.”
  • 5 charts that show how China is spending billions in foreign aid

    CHINA, 2017/10/14 China's foreign aid is sharply in focus this week with an unprecedented new data trove showing the country's growing global reach and detailing how Beijing spends its cash. In recent decades, the world's second largest economy has evolved from an aid recipient to a net aid donor. But a lack of official information on China's development activities had prevented the international community from understanding where and how the country spends its foreign aid. That's because the government considers its international development finance program to be a "state secret," according to AidData, a research lab at Virginia-based College of William & Mary.
  • Xi squeezing the life out of China’s media'

    CHINA, 2017/10/10 Everyone has their habits at the same time as they return to a favourite place. Landing in Guangzhou recently, my initial act — as always — was to seek out the new edition of Southern Weekend. It was formerly the vanguard of Chinese investigative journalism, exposing crooked officials, dodgy charities and official hypocrisy of all flavours. Its lead story would be an exposé, illustrated by a striking image. The 7 September edition was none of those things. A striking image did fill the front page, but it was of President Xi Jinping. The ‘chairman of everything’ is pictured striding across a marble floor, looking calm, composed and exhaustively pleased with himself as he prepares to address the media at the conclusion of the 9th BRICS Forum in Xiamen.
  • The Infrastructure Megaproject

    CHINA, 2017/10/03 The Infrastructure Megaproject To help simplify and increase cross-border trade, the top priority of BRI is infrastructure development While infrastructure development is focused on transportation, particularly railways inclunding highways and ports, it as well includes the telecommunications and energy sectors BRI projects will benefit infrastructure development specialists in China and around the world, create jobs for local people along the Belt and Road and help world distributors of a wide variety of goods reach new and existing markets faster
  • A single city in China built more skyscrapers last year than the US and Australia combined

    CHINA, 2017/10/03 China’s skyscraper craze reached another new high last year.
  • Analysts Say China-Backed Aluminium Recovery May Soon Slow

    CHINA, 2017/09/29 A study released this week by a China-based private analyst predicts that the recovery in the aluminium market fostered by Beijing’s attempts at supply-side reform may any minute at this time wane. The China Beige Book, which is a quarterly survey of over three thousand Chinese businesses and 160 banks in almost three dozen different industries, reports that commodities firms in the Middle Kingdom are greeting the Chinese government’s campaign to clamp down on rampant overcapacity with a healthy dose of skepticism. The study notes that, despite numbers released by Beijing, in general capacity in the aluminium market has experienced a net rise for the last six consecutive quarters.
  • The downsides to Singapore’s education system: streaming, stress and suicides

    CHINA, 2017/09/23 Singapore’s education system is reputed for producing children who top the world rankings in standardised tests. The city national took initial place in the last Pisa (world education rankings. The country’s school system is geared towards high succcess in exams, but the emphasis on rote learning and memorisation, combined with pressure to succeed, affects children’s social skills, health and in general happiness .Run by the Organisation for Economic Co-operation and Development, Pisa tests, conducted each three years, are intended as a measure of problem-solving and cognition. From presently on Singapore’s superiority in the rankings may be coming at an equally high price.
  • China embraces smart factory technology in manufacturing arms race with Germany, Japan

    CHINA, 2017/09/23 Faced with rising labour costs owing to its shrinking labour force, China has by presently overtaken Japan as the world’s major industrial robot market. Industrial robot sales in China this year are estimated to reach US$4.2 billion, according to the Chinese Institute of Electronics. But a lack of core technology means the country has been highly dependent on foreign supply. Imports from well established overseas major producers such as Swedish-Swiss firm ABB, Germany’s Kuka, and Japan’s Fanuc and Yaskawa Electric account for additional than 60 % of all robots bought by Chinese manufacturers.
  • Going green: the changing face of corporate finance

    CHINA, 2017/09/23 Corporate finance is evolving. Top management teams and senior company executives are under growing pressure to adopt management practices and investment choices that are both socially responsible and financially rewarding. These objectives can sometimes be at odds with each other. The pressure for firms to be socially responsible is growing at a rapid pace. This is authentic particularly in the Better China region, which is fast establishing itself as a specialist hub for energy finance. To see this, one may consider two defining milestones of 2017, affecting corporations operating in the region.
  • Life after Rosneft deal: CEFC ambitions face debt, regulatory hurdles

    CHINA, 2017/09/17 CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny. Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve. Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.