Tag: Chinas

technology articles

Trump is targeting China’s national champions on his way out the door

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The Trump administration is continuing to inflict damage on China’s prized businesses in its final weeks, with actions that could make it harder for President-elect Joe Biden to rebuild relations once he takes office.



a man standing in front of a building: BINHAI, CHINA - OCTOBER 20: Workers at the construction site of a liquefied natural gas (LNG) terminal invested by China National Offshore Oil Corporation (CNOOC) on October 20, 2020 in Binhai County, Jiangsu Province of China. The first phase of Jiangsu Binhai LNG Terminal project has four same storage tanks, providing a total capacity of 880,000 cubic meters of LNG. (Photo by Li Gen/VCG via Getty Images)

© Li Gen/VCG via Getty Images
BINHAI, CHINA – OCTOBER 20: Workers at the construction site of a liquefied natural gas (LNG) terminal invested by China National Offshore Oil Corporation (CNOOC) on October 20, 2020 in Binhai County, Jiangsu Province of China. The first phase of Jiangsu Binhai LNG Terminal project has four same storage tanks, providing a total capacity of 880,000 cubic meters of LNG. (Photo by Li Gen/VCG via Getty Images)

The latest move came Thursday when the US Department of Defense added China’s top chipmaker SMIC, oil giant CNOOC and several other firms to a list of companies that the department claims are owned or controlled by the Chinese military. That means they’re

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new technology

Trump administration adds China’s SMIC and CNOOC to Defense blacklist

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By Alexandra Alper, Humeyra Pamuk

WASHINGTON (Reuters) – The Trump administration on Thursday added China’s top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.

The Department of Defense designated a total of four additional companies as owned or controlled by the Chinese military, also including China Construction Technology Co Ltd and China International Engineering Consulting Corp.

The move, first reported by Reuters on Sunday, brings the total number of companies blacklisted to 35. While the list did not initially trigger any penalties, a recent executive order issued by Republican President Donald Trump will prevent U.S. investors from buying securities of the blacklisted firms starting late next year.

The Chinese Embassy in Washington referred Reuters to prior remarks made by its Foreign Ministry spokesperson that “China firmly opposes the politicization of

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Pixellot Partners With China’s Earth Mountain Technology To Scale AI-Automated Sports Content Creation

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Success of the Nike Basketball Tournament led to long-term partnership, Exclusive content will be used to introduce new 5G tech

TEL AVIV, Israel (PRWEB) December 03, 2020

Pixellot, the world’s leading provider of AI-Automated™ sports production solutions, announced today they have partnered with Chinese tech company, Earth Mountain Technology to introduce AI-automated production and produce live sports content in China.

Earth Mountain Technology is a technological innovator focusing on broadcasting, graphics and digital video products. It has been producing content for the Chinese broadcasting and cable TV market as well as digital videos, for more than 20 years.

In July 2020 Pixellot and Earth Mountain provided AI production for the Nike High School Basketball Tournament which took place in two cities. More than 1,000 athletes competed in the 17-day tournament that was viewed by more than a million unique viewers on the Migu Sports App.

“The opportunity to work with

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science and technology

Chengdu spearheads western China’s science and technology industries

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CHENGDU, China, Dec. 2, 2020 /PRNewswire/ — Benefiting from its solid technological foundation and innovative culture, Chengdu is becoming a leader in the development of science and technology in western China.

The provincial capital of Sichuan has also been providing strong support for the Chengdu–Chongqing economic circle, which is the largest metropolitan area in western China.

Chengdu is home to 66 industrial zones and parks and has attracted large numbers of high-tech companies to set up branches and launch operations.

Beijing-based space technology startup Galactic Energy is one of the companies pushing forward the development of an aerospace industrial cluster in Chengdu.

On Nov 7, China’s new carrier rocket Ceres 1, designed and built by Galactic Energy, made its maiden flight.

The company is building a research and development base for next-generation commercial launch vehicles in Chengdu’s aerospace industrial zone. The zone,

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science

China’s Chang’e-5 spacecraft successfully lands on the moon to retrieve lunar rocks and soil

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Chinese state media reported Tuesday that the probe “successfully landed” at its targeted site, an area called Oceanus Procellarum. China did not immediately announce any other details about the landing.

On the lunar surface, the probe is expected to dig about seven feet deep, collecting as much as 4.5 pounds of rocks and lunar soil into the ascent vehicle, which would then meet up with the service capsule in lunar orbit and return to Earth.

Once the material is back on Earth, scientists would be able to calculate its age and examine it to determine its composition.

On Twitter, Thomas Zurbuchen, NASA’s associate administrator for the science mission directorate, congratulated China. “This is no easy task,” he wrote. “When the samples collected on the Moon are returned to Earth, we hope everyone will benefit from being able to study this precious cargo that could advance the international science community.”

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China’s Chang’e 5 lands on moon, gets readies to dig in the lunar dirt

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China’s Chang’e 5 mission has touched down on the surface of the moon, the country’s media reports. Next, the lander will drill to collect volcanic moon rock samples and scoop up some lunar dirt for return to Earth later this month.



a store inside of a building: The Long March rocket carrying Chang'e 5, prepared for launch. CNSA

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The Long March rocket carrying Chang’e 5, prepared for launch. CNSA

China’s space agency launched the Chang’e 5 mission atop of one of its Long March 5 rockets on Nov. 23. The lunar-sample return marks the first such mission by any country in decades.

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The landing came just before 7:15 a.m. PT on Tuesday. The gear is now expected to gather its samples and stow them in a small spacecraft atop the lander, which will then lift off in about 48 hours. After that, the ascent vehicle will transfer the samples to an orbiter now circling the moon that will transport them back

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China’s Chang’e 5 enters lunar orbit for historic attempt to return moon samples

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China’s Chang’e 5 spacecraft has entered orbit around the moon ahead of an historic attempt to collect samples from the moon and return to Earth.



a close up of the moon: An artist's illustration of China's Chang'e 5 moon orbiter entering lunar orbit for the country's first moon sample-return mission.

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An artist’s illustration of China’s Chang’e 5 moon orbiter entering lunar orbit for the country’s first moon sample-return mission.

The 18,100-lb. (8,200 kilograms) Chang’e 5 launched on a Long March 5 rocket on Monday (Nov. 23) from the country’s Wenchang Spacecraft Launch Site on Hainan Island and reached the moon today (Nov. 28) after an 112-hour journey. 

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The Chang’e 5 orbiter module fired its main engine at 7:58 a.m. EST (1258 UTC; 8:58 p.m. Beijing time) when 249 miles (400 kilometers) away from the moon, the China Lunar Exploration Program announced just under an hour later.  

In pictures: China on the moon! A History of Chinese lunar missions

The spacecraft fired its 3,000-Newton engine for around 17 minutes. This

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technology articles

China’s Danke Apartment is creating new internet economy victims

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a person standing in front of a store: Chinese millennial

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Chinese millennial

Online platform Danke Apartments was once a rising star in China’s fast-growing flat rental market. Now financial difficulties and a spate of evictions have prompted protests from its tenants and landlords.

Danke, whose Chinese name means eggshells, rents flats from landlords on long-term leases. It then slices up and furnishes the units before subletting them. The company, which listed on the New York Stock Exchange in January, gained investor interest by positioning itself not simply as a property management firm, but as a tech company that uses big data and apps to offer a seamless user experience.

Danke serves a class of tenants riding high on China’s booming internet economy. Fresh graduates and young professionals shut out by the country’s sky-high housing prices have flocked to the platform since its founding in 2015. By March this year, the company reported that it was managing

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new technology

China’s Xi congratulates Biden, hopes for ‘win-win’ ties

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Chinese President Xi Jinping is congratulating U.S. President-elect Joe Biden and expressing hope for “win-win cooperation” amid conflicts over trade, technology and security that plunged relations to their lowest level in decades

November 25, 2020, 3:36 PM

3 min read

BEIJING — Chinese President Xi Jinping congratulated U.S. President-elect Joe Biden on Wednesday and expressed hope for “win-win cooperation” amid conflicts over trade, technology and security that have plunged Sino-American relations to their lowest level in decades.

Biden is widely expected to try to resume cooperation with China on North Korea, climate change and the coronavirus following the confrontational approach of President Donald Trump, who launched a tariff war and sanctioned Chinese companies. But analysts expect few major U.S. policy changes due to widespread frustration with Beijing over trade, human rights and technology theft.

China

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Credit Suisse says regulatory risks are unlikely to stop China’s tech companies from growing in 2021

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  • China’s equity and bond markets are set to give investors progressively greater opportunities in 2021, according to Credit Suisse.
  • One of the main growth areas in China’s markets is the technology sector, according to Ray Farris, chief investment officer for South Asia at Credit Suisse.
  • The technology landscape in China is fiercely competitive where established tech giants regularly fend off new rivals trying to take away chunks of their market share.



a man looking at the camera: An investor looks at screens showing stock market movements at a securities company in Nanjing in China's eastern Jiangsu province on July 6, 2020.

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An investor looks at screens showing stock market movements at a securities company in Nanjing in China’s eastern Jiangsu province on July 6, 2020.

SINGAPORE — China’s equity and bond markets are set to give investors progressively greater opportunities in 2021, according to Credit Suisse.

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Chinese markets offer “high rates of growth at still attractive valuations,” the Swiss investment bank said in its 2021 outlook report. The world’s second-largest economy is predicted to

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