20230907 China News
Source: | Author:eacham | Published time: 2023-09-07 | 1338 Views | Share:


01

Share prices of Chinese semiconductor companies surged on Wednesday as a chip breakthrough in Huawei Technologies' new phone demonstrated the homegrown industry's resilience and innovation prowess amid restrictions by the United States government, experts said.

 

02

China aims to vigorously develop its electronics manufacturing and automobiles sector, the country's top industry regulator said on Tuesday, as it races ahead to bolster its sprawling industrial economy and consumption amid challenges and external uncertainties.

 

03

The 2 millionth vehicle produced by Tesla Gigafactory Shanghai rolled off the assembly line on Wednesday, reaching a new milestone, the company said. In January 2019, Tesla's Shanghai plant, the carmaker's first gigafactory outside the United States, began construction, and turned out the first vehicle in December of that year.

 

04

Chinese artificial intelligence startup Baichuan Intelligent Technology unveiled on Wednesday two open-source AI-powered large language models, as the company aims to promote the commercial applications of LLMs.The company said it will open-source two LLMs called Baichuan2-7B and Baichuan2-13B, with each model boasting 7 billion parameters and 13 billion parameters, respectively. The two models could be put into commercial use for free.

 

05

China could carry out further property market easing and introduce more sizable fiscal support for infrastructure investment, in order to help the country's economic growth to pick up from the fourth quarter of this year, experts said on Tuesday.

 

06

The approval of Xi'an as the home of a new "dual-center" is the latest step toward helping the country to create a national innovation hub to drive high-quality development in the northwest region. It will establish a comprehensive national scientific center and a nationally influential science and technology innovation center, making it the fourth "dual-center" city in the country, said Lv Laisheng, executive vice-mayor of Xi'an on Wednesday.

 

07

A bevy of China's listed firms in catering, retail, entertainment and other sectors have reported earnings and profit growth during the second quarter or the first half of this year, reflecting increasing demand and stronger recovery in consumer spending.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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