China Development

China Development in Jan 2021: E-healthcare, Education, China-ASEAN trade

E-healthcare is Booming China’s online healthcare sector is set to see new development opportunities as the COVID-19 pandemic has boosted demand for internet-based healthcare platforms, industry experts said. Such platforms provide online health and telemedicine services to reduce the burden on hospitals. DXY, a leading digital healthcare technology company in China, is speeding up its layout across both upstream and downstream, to cover doctors, pharmaceutical enterprises, medical institutions, consumer products companies, as well as online consultation services for the public….
Read more

China Development in Dec 2020: FinTech, 5G, Online Leisure, COVID-19

FinTech Big Tech or big technology companies are already dominating the micropayment market in the country and enjoy an undue monopoly in terms of data resources. There are also chances that some of their financial businesses may trigger new types of risks”, said Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, in a speech via video link to the Singapore FinTech Festival. “A minority group of technology companies have dominated the micropayment market, which relates…
Read more

China Development in Nov 2020: AI industry, Electric Bicycles, Online Game, Double Eleven

AI Statistics show that, as of the middle of October, China had 1,499 smart robot companies, 2,707 drone companies, 6,722 face recognition companies, 2,855 smart voice companies, and 6,143 smart driving companies. About 783,000 industrial robots are currently in operation in Chinese factories and the outbreak of the COVID-19 pandemic sped up the development of AI in the medical field, the report said. 2. Electric Bicycle China’s output of electric bicycles reached 25.48 million during the first 10 months of…
Read more

China Development in Oct 2020: Integrated Circuit, Medical Device, Rich Individuals, Tourism

Integrated Circuit Industry An integrated circuit industrial base was officially inaugurated in Shanghai in Oct 2020, with 14 projects worth 22.5 billion yuan (about $3.36 billion) signed agreements to be located in the base. The projects cover the whole production chain of the integrated circuit industry, including chip manufacturing and design, as well as equipment and key materials manufacturing. The base, dubbed “oriental chips harbor,” is located in the Lingang Area, a new section of the Shanghai Pilot Free Trade…
Read more

China Development in Sep 2020: Internet, Health Insurance, CIIF, Taobao Villages, Electricity

Internet “The internet industry has shown its great development vitality during the outbreak, and is becoming a key force for our country to face new challenges and build a new economy,” Wu Tienan, the center’s deputy director of the center, told a news conference in Beijing on Tuesday at which it released a report on internet developments. The report said there were 940 million internet users in China by the end of June, with about 381 million using it for…
Read more