The World Robot Conference 2016 has officially kicked off in Beijing with the theme "Collaborative Innovation toward the Building of an Intelligent Society." The 5-day event highlights the latest innovations, as a variety of specialized robots are on display. This year’s WRC2016 has attracted representatives from nearly 150 robotics companies from around the world.While some of the robots are specialized in industrial manufacturing, many others have entertaining skills like dancing, playing sports, doing household chores, or even helping with child care."Currently our products m...
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The Hangzhou government launched a new project, titled "City Brain," with Alibaba Group and Foxconn Technology Group at the 2016 Computing Conference in Hangzhou, Zhejiang province.City Brain, an artificial intelligence hub, will use big data to help the city "think" and make decisions. It aims to build Hangzhou into a smart city with the ability to self-regulate and even interact with human beings.The core of City Brain will use the ET artificial intelligence technology of Ali cloud, which can conduct overall real-time analysis of the city, automatically deploy public reso...
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2016
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There are now around 89,000 Chinese individuals worth more than 100 million yuan, said China Ping An Insurance Group.During the ongoing Ping An Family Wealth Management Summit held in Sanya, the company’s sales department manager Yang Jingdong pointed out that 60% of the China’s multi-millionaires have assets overseas.Due to reasons such as limited allocations to overseas shares and unfamiliar foreign markets, most of these individuals only invest some 10% of their total gross assets into properties outside of China.Based on analysis, the features of their investment can be characterized as a ...
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2016
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BEIJING, Oct. 21 (Xinhua) -- The central parity rate of the Chinese yuan weakened to a six-year low against the U.S. dollar on Friday.The central parity rate of the Chinese currency renminbi, or the yuan, weakened 247 basis points to 6.7558 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.It was the weakest level since September 2010 as increased market expectations for an interest rate hike in the United Statesled to a stronger dollar.In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each ...
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2016
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A Chinese firm will start researching and developing a magnetic levitation (maglev) train that can run 600 km per hour, which would be faster than any other maglev train currently in operation.CRRC Corp. Ltd., China’s largest rail transportation equipment maker, said it will build a maglev rail line no less than 5 km long to test the train.The company will also develop maglev trains that travel at 200 km/h, with the goal of establishing domestic technology and standard systems for new-generation medium- and high-speed maglev transportation that can be applied globally, said Sun Bangcheng, a CR...
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2016
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