Digital economy and platforms spur growth in China
Despite downward pressure on the economy, prominent domestic high-tech and internet-based companies are promoting wide-ranging applications.
Despite downward pressure on the economy, prominent domestic high-tech and internet-based companies are promoting wide-ranging applications.
The large number of subscribers overwhelms the country’s two biggest telcos, causing their registration websites to crash.
This idea gained momentum during the pandemic as snarled supply chains highlighted the risks of relying on distant factories.
A research report shows that while TV’s reach is decreasing by nearly 10 percent, the internet’s has jumped by more than 20 percent.
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For various transactions, 71 per cent of respondents surveyed are in favour of using e-wallet rather than cash (49 per cent) or bank transfer (24 per cent).
The downturn began when the US Securities and Exchange Commission announced it would begin to impose regulations on crypto firms, setting the stage for a broad sell-off.
Reportedly, the decision was partly caused by the global macroeconomic situation.
The daily service will also be available at night and when it rains.
With the permits, the two companies will provide up to 10 autonomous vehicles respectively in a designated area of 60 square kilometers in Yizhuang, a southern suburb of Beijing.