China – Page 1084 – Prologue Journal

Alibaba logistics arm Cainiao rolls out half-day express delivery service in 8 major cities, as firm seeks to help stimulate consumption

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Cainiao’s express-service push underscores the high stakes involved in China’s vast package delivery market. https://www.scmp.com/tech/big-tech/article/3229893/alibaba-logistics-arm-cainiao-rolls-out-half-day-express-delivery-service-8-major-cities-firm-seeks?utm_source=rss_feed

China exposure to US dollar ‘weaponisation’ demands rethink on yuan internationalisation as geopolitical woes intensify, Yu Yongding warns

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Securing China’s overseas assets has become more difficult in a time rife with geopolitical wrangling that continues to alter the world’s currency-use landscape, outspoken Yu Yongding says. https://www.scmp.com/economy/china-economy/article/3229877/china-exposure-us-dollar-weaponisation-demands-rethink-yuan-internationalisation-geopolitical-woes?utm_source=rss_feed

Companies in China to conduct regular personal data compliance audits under new rules

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Internet regulator’s draft regulation requires all firms to carry out the audits, including security checks for personal information being sent overseas. https://www.scmp.com/news/china/politics/article/3229902/companies-china-conduct-regular-personal-data-compliance-audits-under-new-rules?utm_source=rss_feed

‘The capital’s moat’: thousands forced from homes in Hebei to ease flooding in Beijing

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Residents have been relocated to temporary housing but it could be some time before they can return to their properties. https://www.scmp.com/news/china/politics/article/3229896/capitals-moat-thousands-forced-homes-hebei-ease-flooding-beijing?utm_source=rss_feed

‘Saudi priorities’ steering science and tech cooperation with China, report says

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Despite the growing ties there is a strong preference among Saudi elites to work with the West, according to Washington-based think tank. https://www.scmp.com/news/china/diplomacy/article/3229885/saudi-priorities-steering-science-and-tech-cooperation-china-report-says?utm_source=rss_feed

From ‘coolies’ to robots: China is fast-tracking high-speed rail with AI-powered builders

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. AI-powered machines are taking on some of hardest jobs on the world’s biggest high-speed railway network. https://www.scmp.com/news/china/science/article/3229589/coolies-robots-china-fast-tracking-high-speed-rail-ai-powered-builders?utm_source=rss_feed

China’s household debt creeps upward, approaching warning line of International Monetary Fund

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Excessive levels of indebtedness and slow income growth among Chinese residents are constraining consumption, but for now China’s Politburo is relying more on domestic demand to fuel national growth. https://www.scmp.com/economy/china-economy/article/3229755/chinas-household-debt-creeps-upward-approaching-warning-line-international-monetary-fund?utm_source=rss_feed

China’s services activity expands at quicker pace in July, lifted by summer travel season

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Caixin/S&P Global services purchasing managers’ index (PMI) rose to 54.1 in July up from 53.9 in June, marking an expansion for the seventh straight month, data released on Thursday showed. https://www.scmp.com/economy/economic-indicators/article/3229800/chinas-services-activity-expands-quicker-pace-july-lifted-summer-travel-season?utm_source=rss_feed

Former HKEX CEO’s firm Micro Connect launches fundraising platform for small Chinese businesses after capital infusion

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The official launch on Thursday of Micro Connect’s Macau-based exchange comes a day after the company co-founded by Charles Li announced US$458 million in new funding. https://www.scmp.com/business/article/3229791/former-hkex-ceos-firm-micro-connect-launches-fundraising-platform-small-chinese-businesses-after?utm_source=rss_feed

Chinese scientists calculate 1 billion-tonne carbon dioxide emissions cost of Canadian wildfires

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Canadian government figures suggest emissions from disaster nearly double that of country’s total greenhouse gases from human activity in 2021. https://www.scmp.com/news/china/science/article/3229730/chinese-scientists-calculate-1-billion-tonne-carbon-dioxide-emissions-cost-canadian-wildfires?utm_source=rss_feed