20231010 China News
Source: | Author:eacham | Published time: 2023-10-10 | 211 Views | Share:


Chinese tech company Meitu Inc, which is known for its popular image-editing app and content sharing software, unveiled its latest artificial intelligence-powered visual large model called MiracleVision 3.0 on Monday, as it is banking on the fast-growing AI-generated content segment.



Under the dark-blue sky and dazzling fireworks, Nanchang, capital of Jiangxi province, held a grand firework gala titled "The Scenery is Better Here" on China's National Day to celebrate the 74th anniversary of the Founding of the People's Republic of China.



Great Wall Motor, China's largest SUV and pickup truck maker, said on Sunday that it sold 121,632 new vehicles in September, up 29.89 percent year-on-year.The company, headquartered in Baoding, Hebei province, delivered 864,045 vehicles under its five marques in the first nine months this year.



China's eight-day Mid-Autumn Festival and National Day holiday has brought a tourism consumer market boom that highlighted the vitality and resilience of China's economic development. Although certain Western media organizations and analysts take a pessimistic view on China's economy, the consumer market data from the country's exuberant consumer market during the "super golden week" has demonstrated convincingly that their gloomy sentiment is unnecessary.



China's industrial structure has a new linchpin — trade in services — and it's injecting vitality into its value-added dimension. That's the consensus which emerged from the halls and conference rooms of the 2023 China International Fair for Trade in Services, which took place in Beijing in early September.



China's services consumption potential will continue to be released in the fourth quarter, according to a report issued by the Bank of China Research Institute on Sunday. In the third quarter of this year, the structural highlights of the economy have been reflected mainly in the fact that booming supply and demand in the services industry have been supporting sustained economic recovery, in the enhancement of employment in the services sector, and in the rapid growth of the kinetic energy field, said Zhou Jingtong, deputy head of the institute.



China announced on Monday that it has reached an agreement with Citi China to acquire the latter's consumer wealth management business, a move seen as a boost HSBC's investment in China. The deal covers assets under management and deposits of about $3.6 billion in 11 Chinese cities as of August. Citi China's consumer wealth management business employees are expected to be invited to join HSBC China.

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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