This article is by: Decrypt.com
Read more about it here: China's banks are racing to adopt blockchain
An excerpt from Decrypt.com
"The People’s Bank of China (PBOC) will soon test its blockchain-based digital currency payments system in the cities of Shenzhen and Suzhou, according to a report Chinese financial news outlet Caijing this Monday.
Seven state-owned companies—four commercial banks and three telecom firms—will help PBOC to conduct the test. The central bank has even initiated a kind of “horse race” between banks to encourage the submission of new implementation strategies, according to an anonymous source who is close to the project.
The pilot program will focus on such areas as education, transportation, medical care and commerce. Some of the banks will reportedly cooperate with telecom companies to develop SIM cards with built-in digital wallets, while others are developing their own wallet apps."
This article is by: China Daily
Read more about it here: China embracing blockchain technology as new frontier of innovation
An excerpt from China Daily:
China is actively embracing blockchain, an underlying technology with a wide range of applications, and sees it as the new frontier of innovation in industries ranging from finance to manufacturing and energy.
Xi Jinping, general secretary of the Communist Party of China Central Committee, highlighted blockchain last week as a core technology, urging more efforts to accelerate the development of blockchain technology and industrial innovation.
Blockchain, a digital ledger system, uses sophisticated cryptographic techniques to create a permanent, unchangeable and transparent record of exchanges to keep track of transactions.
This article is by: Business Insider
Read more about it here: China Hi-Tech Fair 2019 (CHTF2019) Concludes in Shenzhen
An excerpt from Business Insider:
"The 21st China Hi-Tech Fair (CHTF2019), themed ""Invigorating the Greater Bay Area through Opening-up and Innovation"", concluded with success in Shenzhen on November 17, 2019. The 5-day event provided a platform for exhibitions, forums, technology exchanges, and cooperations and played an active role in promoting technological innovations and enhancing innovation environment.
With an area of 142,000m2, CHTF2019 attracted a total of 3,315 exhibitors to showcase 10,216 high-tech projects in fields such as AI, smart home, intelligent manufacturing, IoT, smart driving, smart+, car networking, 5G, and blockchain.
148 delegations from 44 countries and international organizations such as Argentina, Australia, Austria, Bahrain, Japan, South Korea, the US, and the EU, as well as 33 provinces and municipalities including Beijing, Shanghai, Guangdong, Hong Kong, Macao, and Taiwan participated in the fair. 29 well-known universities showcased their hi-tech projects."
This article is by: Asia Times
Read more about it here: China’s robot market is still No. 1
An excerpt from Asia Times:
"China retained its position as the world’s largest industrial robot market for the sixth year in a row by selling 156,000 units in 2018, with the nation accounting for 36% of total installation globally, several industry reports said.
The International Federation of Robotics published its annual report in Shanghai on Wednesday, where it said China, Japan, South Korea, the United States and Germany are the top five markets, representing 74% of global installation in 2018, China Daily reported.
The report said China topped all markets by installing 154,000 units of industrial robots last year, making up 36% of global installation, and surpassing the combined amount of the American and European markets. The total value of installations in China surged 21% year-on-year to US$5.4 billion, it added."
This article is by: CNBC
More: China could be the first in the world to start regular flights on pilotless passenger drones
An excerpt from CNBC:
Chinese startup Ehang says its autonomous passenger drones could soon be flying in the skies of China’s biggest cities, making the country one of the first in the world to roll out such a project.
Ehang announced a pilot project with the southern Chinese city of Guangzhou, in which it plans to set up three or four regular flight routes for passengers to take, the company’s co-founder Derrick Xiong told CNBC on Wednesday.
That could take place either this year or in 2020, Xiong said.
If that happens, China would be the first country to carry out such a program where passengers are able to travel in autonomous flying vehicles. Other places like Dubai are also looking into it, carrying out tests, but have not announced programs that resemble Guangzhou’s.
This article is by: Channel News Asia
Read more about it here: BMW, Tencent to open computing center in China for self-driving cars
An excerpt from Channel News Asia:
German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing center in China that will help develop self-driving cars.
The computing center, which will start operations by the end of the year, will provide cars with data-crunching capabilities to help them drive semi-autonomously and, eventually, autonomously. BMW said the new computing center will leverage Tencent's cloud computing and big data, and provide the automaker with infrastructure needed to develop the autonomous cars.
BMW says it will likely introduce semi-autonomous cars in China in 2021 which would need massive computing power to analyse real-time flow of digital information on road and traffic conditions.
This article is by: World Economic Forum
Read more about it here: China's lead in the global solar race - at a glance
In the space of 25 years, China will have gone from having virtually no solar panels to leading the world by a margin of more than 100%. China already has more solar capacity than any other country in the world, and is home to several massive solar farms. The country - the biggest clean energy investor in the world - is looking to dramatically increase the proportion of renewable energy in its power mix.
Estimates from Wood Mackenzie sees China’s photovoltaic panel installations hit a cumulative total of 370 GWdc (gigawatts in direct current) by 2024 - more than double the US’s capacity at that point. Moreover, China’s coal consumption has been steadily falling for some years, and alongside heavy renewables investment domestically and abroad, it has repeatedly pledged to cut back its use of dirty energy.
China’s growing renewable energy supply will allow it to become more energy independent, and, according to a report by the Global Commission on the Geopolitics of Energy Transformation and the International Renewable Energy Agency, will put it in a very influential position as the world’s renewable energy superpower. This will give China a competitive trading advantage and place it in a leading position when it comes to the manufacture of clean energy technology.
This article is by: China.org.cn
Read more about it here: How China cleans its air
An excerpt from China.org.cn:
Today we see real progress being made in China's efforts to create a better environment and improve its air quality. Due to the commitment of the government and the people, independent studies like a recent one by the University of Chicago acknowledge the drastic decrease in airborne fine particles in many Chinese cities.
An array of measures has made the country's economic advancement sustainable and encouraged international players to take serious action in their fight against air pollution. The toughest program launched by China in its war against pollution was the "Air Pollution Prevention and Control Action Plan" in 2013. In just four years, the concentration of inhalable particles decreased by 10% to 25% in large cities.
China's capital city, Beijing, is spearheading the campaign against air pollution. In its 20-year battle against pollution, the city reduced PM 2.5 content (microscopic particles in the air which reduce visibility) by over 40%, according to a report by the Beijing Municipal Ecology and Environment Bureau.
This article is by: South China Morning Post
Read more about it here: HSBC sets up US$880 million technology fund to find the next Tencent or DJI in southern China’s Greater Bay Area
An excerpt from South China Morning Post:
As companies are looking to cash in on the potential of uniting the infrastructure and development of the Greater Bay Area, HSBC said on Tuesday that it is creating a US$880 million technology fund to provide financing to early stage companies in the region.
In 2018, the GBA was home to nearly 120 million people and had a combined gross domestic product of US$1.6 trillion, making it larger than Australia if it were a stand-alone economy. The China Centre for International Economic Exchanges, a government-affiliated think tank, has estimated that the region’s GDP could exceed US$4 trillion by 2030.
This article is by: South China Morning Post
Read more about it here: How 5G is leading the world to another dimension of mobile connectivity
An excerpt from South China Morning Post:
IoT ("Internet of Things) envisions a self-configuring, adaptive and complex network that interconnects physical objects, each containing embedded technology to communicate, gather data and interact with mobile applications or other networks.
In Hangzhou, one of the country’s major technology hubs, evidence of the city’s smart infrastructure can be gleaned from how its public services function. Police officers are notified of major car accidents soon after they happen, traffic lights automatically adjust to changes in the volume of vehicles on the road, and in emergencies, fire trucks and ambulances are not stopped by a single red light until they arrive at the scene.
Those advances are enabled by Hangzhou’s City Brain project, a cloud computing and artificial intelligence-driven urban traffic-management system covering a total area of 420 square kilometres – that’s seven times the size of New York’s Manhattan island.
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