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October, 1, 2016

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China > Business
iFLYTEK to boost AI investments
Chinese voice recognition firm iFLYTEK Co Ltd said it will step up overseas investments as the firm aims to accelerate the application of its artificial intelligence technologies in cars, e-learning and mobile internet industries.
 
The two key media conferences addressed by President Xi Jinping in China in the last two years that I attended have seen a lot of changes, indeed.
 
Obama, Putin to continue seeking Syria agreement
President Barack Obama and Russian President Vladimir Putin on Monday failed to force a breakthrough in negotiations over a cease-fire for Syria, but agreed to keep looking for a path to provide humanitarian relief to thousands of besieged civilians in the civil war-ravaged country.
 
No basis seen for long-term drop in Chinese currency
Experts expect the renminbi to remain stable against a basket of currencies as there is no long-term basis for depreciation.
 
New issue a landmark for Special Drawing Rights
The issuance of bonds denominated in Special Drawing Rights for the first time in China is a good starting point for promoting the expansion of SDR use among the G20 members, analysts said.
 
Connecting strategy and execution
With China's economic growth slowing, it is becoming increasingly important for Chinese companies to gather new capabilities and gain more customers, said Paul Leinwand, a senior partner of Strategy&, PwC's strategy consulting business.
 
The construction of a national sci-tech innovation center in Beijing is of great significance to enhance national comprehensive competitiveness, helping to build China into an innovative and sci-tech power, Li Meng, vice minister of Science and Technology, said at the State Council policy briefing on Friday.
 
Bookstores brave digital onslaught
Every Saturday, accountant Liu Xincheng, 28, makes special efforts to reach the SiSYPHE bookstore in central Shanghai's Joy City, a commercial complex, earlier than other customers.
 
The Group of 20 (G-20) summit opens Sunday in the scenic city of Hangzhou, providing China's image-sensitive rulers an opportunity to showcase the country's emergence as a global powerhouse.
 
Baidu offers brainy solutions
Chinese internet giant Baidu Inc officially unveiled its latest plans in the burgeoning field of artificial intelligence, including "Baidu Brain", which simulates the human brain with computer technology, and a partnership with Nvidia Corp to develop driver-less vehicles.
 
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