Over Q1 2020, COVID-19 has developed from an emerging threat to a transformational reality with potentially long-lasting effects on economic growth. All optimism for commodity markets at the start of the year was quickly extinguished as the coronavirus emerged in Wuhan, China. Prices have been dragged down further by dire market fundamentals which were a result of government-imposed lockdowns in the major global economies. Both supply and demand have been lowered across the board, but demand has been harder hit and will be slower to make a recovery. Most commodities have further to fall from here. There has been a profound human cost to the pandemic and the economic fallout of governments’ responses is just starting to be counted. Read more
Sogou Inc. (NYSE: SOGO) (“Sogou” or “the Company”), an innovator in search and a leader in China’s internet industry, today jointly launched the world’s first 3D AI News Anchor with Xinhua News Agency, a national news agency in China. The 3D AI News Anchor features the latest generation of the Sogou AI Vocational Avatar technology, which employs 3D modeling and cutting-edge AI technologies to create true-to-life avatars of human beings. The breakthrough demonstrates comprehensive improvements in movement and flexibility, interaction capability, and applications, which will further drive innovation in the news industry. Read more
China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more
On May 18, Tencent’s WeChat, Tsinghua University’s Tsinghua China Data Center, and the Tencent Social Research Institute jointly released a report entitled “The 2020 Pandemic and the QR Code Economy Report”. The report points out that as an important part of the digital economy, the WeChat QR Code Economy has played an effective role in buffering the negative impact of the COVID-19 pandemic. Read more
WASHINGTON–(BUSINESS WIRE)–A new report by the Environmental Investigation Agency (EIA), Mukula Cartel, exposes how associates connected to Zambian President Edgar Lungu, including his daughter Tasila Lungu, onetime resident of the United States of America, are reportedly involved in the plunder of valuable, increasingly scarce, mukula rosewood trees; and hence the destruction of Zambia’s vulnerable forests. The investigation shows that despite public pledges to end the illegal mukula trade, several politicians are repeatedly named as key actors in an influential timber trafficking network that bypasses existing national bans on mukula harvest and export.
BEIJING, CHINA (REUTERS – The 31-year-old information security researcher and post-doctoral fellow at Austria’s Graz Technical University who discovered the Meltdown chip flaw said on Friday (January 5), said what he saw was scary. Continue reading
(INTERNET (NOVEMBER 22, 2017) (SOCIAL MEDIA WEBSITE, TWITTER VIA DONALD TRUMP) -President Donald Trump on Wednesday (November 22) reignited a feud with the father of one of the three UCLA basketball players who was detained in China on suspicion of shoplifting, calling him an “ungrateful fool” in a series of early morning tweets.
Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading
LIVINGSTONE, ZAMBIA (NOVEMBER 2013) (REUTERS) – U.S. conservation groups lashed out this week against a White House decision to allow trophy hunters who kill elephants in two African nations to bring home the endangered animals’ tusks or other body parts as souvenirs. Continue reading
BEIJING, CHINA (REUTERS) – If you cross the street in urban China these days, chances are you’re being watched. The country has built the world’s largest video surveillance network with tens of millions of cameras, and they are now increasingly capable of automatically identifying people’s basic information thanks to technological advances and big data. Continue reading