Indonesia to train next ruling class at elite new university
On what was once a palm oil plantation outside Bogor, Indonesia’s government is planting the seeds of a new institution designed to nurture the next generation of leaders.
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Patrolling robot damaged after falling down staircase at Hong Kong airport
Hong Kong authorities are investigating an accident in which a patrolling robot fell down a staircase at the arrival hall of the Hong Kong International Airport and broke into pieces.
Japan quake victim dies of heatstroke while sheltering in car amid ‘extreme heat’ warning
An elderly woman who developed heatstroke while taking shelter in a car was the latest fatality from a powerful earthquake that struck Japan’s southwestern prefecture of Kumamoto last week, officials…
Tourists chase high-octane thrill in China’s trending biker capital
The roar of engines fills the night air in China’s Chongqing city as tourists awkwardly clamber onto gleaming motorbikes and cling to muscular drivers to star in personalised videos.
Chinese police AI algorithm tracks bitcoin money laundering with 90% accuracy
Researchers from China’s national police academy have developed an AI framework that can detect illicit cryptocurrency transactions with nearly 90 per cent overall accuracy, according to a recent…
Chinese test pilot who landed plane safely after cabin leak given first-class merit award
Chinese President Xi Jinping has honoured a veteran naval test pilot with a first-class merit award for defence science and technology.
Why China’s JL-3 made waves with first submarine-based missile test in over 40 years
The People’s Liberation Army (PLA) carried out a missile test in the Pacific last month. The July 6 launch – in which a dummy warhead travelled 8,000km (5,000 miles) – was China’s first confirmed submarine-based missile test since 1982, and the first known firing from a nuclear-powered submarine.
What a visit to China’s AI labs reveals about the battle for global soft power
Inside the exhibition hall of a Shanghai-based artificial intelligence research institute, an ink-wash map covered an entire wall, immediately drawing your attention. It was a cartography of AI: chipmakers were rendered as mountains on islands and algorithms as jagged mountain ranges, while questions of privacy, fairness and machine…
Turnover at the top: 17 people have held title of China’s richest person in past 27 years
Seventeen Chinese entrepreneurs have held the title of the country’s richest billionaire in the past 27 years, over four times as many as in the United States, which wealth research firm Hurun Group attributed to the “dynamism” of the Chinese market.
China cuts durian settlement to 30 minutes with first outbound e-CNY payment to Malaysia
China has completed its first outbound digital yuan payment to Malaysia, settling a 43,000 yuan (US$6,360) shipment of fresh durian, as Beijing accelerates efforts to build a cross-border clearing network in Southeast Asia outside the Society for Worldwide Interbank Financial Telecommunication (Swift) system.
Chinese families turn to cash and cautious stock bets as real estate avenues narrow
Chinese families are fast retreating from real estate, with many holding large cash reserves now cautiously weighing stock investments, marking a stark contrast with South Korea, where retail investors are aggressively using leverage to fuel equity bets at home and abroad.
Explosions, red flags: Chinese tourists reenact communist victory
Dressed in Red Army uniforms and waving prop weapons, scores of tourists stormed a mound in southwestern China’s Loushan Pass as pyrotechnics lit up the hillside in a reenactment of a historic battle. More than 1,000 people visited the mountainous battle site in Guizhou province over the weekend to relive the pivotal 1935 conflict between…
How sell-off at flashy AI-focused US hedge fund is a wake-up call for Chinese investors
Chinese tech investors are hearing warning bells after volatility in US tech stocks forced a fast-rising Wall Street hedge fund to clear its stock portfolio at a steep discount within a few days. “Don’t use leverage! Don’t use leverage!
Taiwan monitors China coast guard ships ‘drifting’ east of the island
Taiwan said Friday it has deployed vessels to monitor two China Coast Guard ships east of the island, as Beijing asserts authority over an area of the Western Pacific. China claims Taiwan is part of its territory and also insists that waters around the island democracy come under its jurisdiction, which Taipei rejects. Chinese ships […]
Unitree to launch IPO next week as US-China robotics rivalry intensifies
Unitree Robotics will launch its initial public offering (IPO) in Shanghai next week, the firm announced late on Thursday, as China’s robotics start-ups race to go public amid an intense rivalry with their counterparts in the United States.