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May, 25, 2016

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China
China unveils three-year program for artificial intelligence growth
China will speed up the development of its artificial intelligence (AI) sector and create a market worth more than 100 billion yuan ($15.26 billion) over the next three years, the National Development and Reform Commission said in a statement released on its website Monday.
 
Huawei Technologies Co Ltd said it has no plan to move its headquarters out of Shenzhen in response to the rumors claiming the technology giant would ditch the coastal city due to its soaring property price.
 
China Shipbuilding changes course to high-end specialist vessels
China Shipbuilding Industry Corp, one of the country's two major shipbuilding conglomerates, plans to integrate six of its shipyards into three. It will focus more on building high-end vessels as the industry remains in choppy waters amid waning global demand.
 
China's State-owned commercial lenders have made strong progress in promoting renminbi internationalization, with the currency falling 5.6 percent against the US dollar in the past year.
 
Hong Kong axes provocative skyscraper art
Days after it was launched, organizers have canceled an art installation on Hong Kong's tallest skyscraper that carried a politically provocative message about the city's relationship with mainland China.
 
Chinese state media on Tuesday slammed the lifting of a decades-old US arms embargo against Vietnam, saying the move was aimed at Beijing and calling Barack Obama's assurances to the contrary "a very poor lie".
 
Incentives main driving force for sales of NEVs
Favorable policies remain the main driving force of new-energy car sales in China, and whether market demand will take over depends on technical breakthroughs and infrastructure, according to industry insiders.
 
More effort is needed to fight money laundering within China as the country becomes more integrated into global markets, the People's Bank of China has urged.
 
Online shopping index jumped 12.1 times as much as that of five year ago, and consumers spent more online on entertain and leisure, according to a report released on Saturday by the Ant Financial, Alibaba's online financial platform.
 
Ahead of the Shanghai Disney Resort inauguration on June 16, Chinese conglomerate Dalian Wanda Group sent a signal to its rival that it plans to remain the industry leader in China.
 
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