Category: Economics

Economics News

Chinese Netizens Compare AI Development Between China and the US: While the US Advances in Technology, Tsinghua PhD Li Yizhou Sells AI Online Courses, Making 50 Million Yuan from a 199 Yuan Course

Posted on February 22, 2024 by A Real World

The recent buzz around Li Yizhou, a Tsinghua PhD, selling an AI online course for 199 yuan and making 50 million yuan within a year, highlights a significant discussion in China regarding the development of AI between China and the US. While the US focuses on advancing technology, Chinese talents like Li Yizhou are capitalizing on the AI hype by selling educational courses. Despite his background in the Academy of Fine Arts and being unrelated to AI or deep learning, Li’s entrepreneurial success and ability to market his course reveal a trend where knowledge and expertise are packaged for mass consumption. This situation underscores a broader concern about the prioritization of quick profits over substantial technological development and research in China’s tech environment.

Apple Quietly Launches Vision Pro in Moscow Two Years After Exiting Russia

Posted on February 22, 2024 by A Real World

Two years after Apple halted sales in Russia due to the Russia-Ukraine conflict, its products, including the new Vision Pro, are still available in Moscow, contradicting official statements. This availability is partly due to parallel import mechanisms and high consumer demand, despite significantly higher prices. The situation highlights the complexities of global trade and sanctions, with certain products still reaching Russian consumers through alternate channels.

Malaysia’s High-Speed Rail Dilemma: Japan Withdraws from Bidding, Unwilling to Be the ‘Fall Guy’ Anymore

Posted on January 16, 2024January 22, 2024 by A Real World

Japan withdraws from bidding for the Kuala Lumpur-Singapore High-Speed Rail project amid concerns over financing and risks. The project, initially contracted to China and later halted by Malaysia for political reasons, faces uncertainties as Malaysia seeks private financing. Japan’s decision reflects its cautious approach following previous international railway project challenges.

The Plight of Chinese Entrepreneurs – Exclusive Interview with Hanhou Founder: Sold Over 300 Properties to Clear 1.5 Billion Debt

Posted on January 5, 2024January 22, 2024 by A Real World

Wang Guoan, founder of Hanhou, shares his tumultuous journey of dealing with 1.5 billion yuan in debt, including selling over 300 properties. Once living in luxury, Wang now faces the reality of his financial downfall, striving to keep his company afloat and maintain his entrepreneurial spirit despite being labeled a “deadbeat debtor.”

BYD Takes the Lead in Global Electric Vehicle Sales, Surpassing Tesla in Quarterly Deliveries

Posted on January 3, 2024January 22, 2024 by A Real World

BYD has overtaken Tesla in global electric vehicle sales, marking a significant milestone in the automotive industry. With 526,409 electric vehicles sold in the last quarter, BYD’s diverse and affordable product range in China played a crucial role in its success. Tesla, despite exceeding its annual target, did not meet the higher production potential projected by CEO Elon Musk.

United States Surpasses Australia and Qatar to Become World’s Largest LNG Exporter

Posted on January 3, 2024January 22, 2024 by A Real World

The United States has emerged as the leading global exporter of liquefied natural gas in 2023, overtaking Australia and Qatar. This milestone was achieved following the recovery of the Freeport LNG facility in Texas, which significantly boosted the country’s export capacity. Qatar’s reduction in exports marks a significant shift in the global LNG market dynamics.

BYD’s Modest Sales in Japan Raise Eyebrows Among Local Media

Posted on December 26, 2023January 22, 2024 by A Real World

BYD’s entrance into the Japanese market has been met with relatively low sales but significant media attention. The company’s success in Europe and its focus on technological innovation have raised its profile. Despite the current modest sales in Japan, BYD’s growth and strategic expansions indicate its potential to make a significant impact in the global automotive industry.

Challenges and Strategies in China’s Banking System

Posted on December 19, 2023January 22, 2024 by A Real World

The recent system malfunction at China Construction Bank (CCB), leading to service disruptions at various branches, has cast a spotlight on the broader challenges within China’s banking system. This incident underscores issues in digital transformation, service efficiency, and risk management that the sector faces. The article explores these challenges in detail and suggests strategic measures for improvement. These include strengthening technological infrastructure, enhancing customer service, bolstering risk management, and deepening employee training and cultural development. Addressing these challenges is crucial for the banking sector to support the ongoing healthy development of China’s economy.

Apple Analyst Ming-Chi Kuo Foresees Revolutionary AI Features in iPhone 16 Amid Rising Generative AI Trend

Posted on December 13, 2023January 22, 2024 by A Real World

Apple’s reorganization of its Siri team in the third quarter of this year aimed to integrate AIGC functionalities and large language models (LLMs).

Housing Vouchers Arrive in China’s First-Tier Cities

Posted on November 3, 2023January 22, 2024 by A Real World

Now, as multiple hotspot cities represented by Guangzhou and Zhengzhou roll out this regulatory measure once again, it has stirred up significant discussion.