China’s DeepSeek Sparks Global Debate on AI Costs
China’s DeepSeek has released the DeepThink R1 model, igniting a global debate on AI development costs by achieving groundbreaking results with a modest $6 million investment.
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Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
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Million? Billion? Trillion? China’s DeepSeek Sparks AI Cost Debate
China’s DeepSeek challenges the AI industry by achieving remarkable advancements with a modest budget, sparking a debate on AI development costs and strategies amid the global AI race.
DeepSeek Emergence Shakes US Tech Stocks as Trump Warns Companies
US tech stocks tumbled as the emergence of China’s AI chatbot DeepSeek shakes markets, with the Nasdaq plunging over 3%. Former President Trump warns companies to stay vigilant amid rising competition.
Eye-Scan Technology Redefines Identity and Privacy Boundaries
An ambitious project uses eye scans to verify identity, pushing the boundaries between human and machine. This technology challenges traditional notions of privacy and raises ethical questions.
Huangqiao’s Violin Industry Embraces Digital Transformation
Artisans in Huangqiao, China’s Jiangsu Province, are embracing digital trends in the traditional violin industry, enhancing lives and reaching global audiences through technology.
China’s 2025 Spring Festival Box Office Sets New Record with Soaring Domestic Demand
China’s Spring Festival 2025 box office hits a record 808 million yuan ($111.3 million), showcasing thriving domestic demand and high anticipation for new Chinese film releases during the festive season.
Half of U.S. Households Hold Only 2.4% of National Wealth, Federal Reserve Data Reveals
Recent Federal Reserve data highlights that half of American households hold just 2.4% of the nation’s wealth, with a median net worth of $192,000, underscoring significant wealth inequality in the U.S.
China’s Manufacturing Activity Contracts in January Amid Seasonal Factors
China’s manufacturing PMI fell to 49.1 in January due to seasonal factors like the Spring Festival holiday, indicating a contraction in factory activity, according to the National Bureau of Statistics.
China Reports Steady Growth in Foreign Investment and Cooperation in 2024
China’s Ministry of Commerce reports steady growth in foreign investment and cooperation in 2024, with significant increases in outbound investments, especially in ASEAN countries, and an expanding global workforce.
Chinese Provinces Unveil Ambitious Growth Plans at Local ‘Two Sessions’
Chinese provinces are setting ambitious economic growth targets at their local ‘two sessions,’ focusing on innovation and regional development ahead of the final year of the 14th Five-Year Plan.
Breaking the Deadlock: Global Green Recovery in the Trump 2.0 Era
Donald Trump’s inauguration as the 47th U.S. president marks a new chapter in climate policy, posing challenges to global green development and highlighting the need for international collaboration.
China’s Huangqiao Town Emerges as Global Violin Epicenter
China’s Huangqiao Town in Jiangsu Province has become a global hub for violin production, now making one-third of the world’s violins. Discover how this town earned the title ‘Cremona of the East’.
Huangqiao: The Chinese Town Shaping the Global Violin Industry
Huangqiao, a small town in China’s Jiangsu Province, produces one-third of the world’s violins, earning it the title ‘Cremona of the East’ and reshaping the global music industry.
China’s Global Outreach: Sharing Opportunities and Driving Sustainable Growth
China advances its commitment to opening up, fostering global partnerships, fueling economic growth through trade, digital innovation, and green development, sharing opportunities for mutual benefits.
Standard Chartered’s Benjamin Hung Discusses Global Trade at Davos
At the World Economic Forum in Davos, Benjamin Hung of Standard Chartered discusses global trade dynamics, investment trends, and China’s economic development with CGTN’s Wang Tianyu.
China Leads Global Green Transition: ERG CEO at Davos 2025
At Davos 2025, ERG CEO Shukhrat Ibragimov highlighted China’s crucial role in the global green transition, noting its $900 billion investment in alternative energy and calling for suppliers to meet its demand.
Sino BioPharm CEO Advocates Cross-border Healthcare Collaboration at WEF
At the World Economic Forum, Sino BioPharm CEO Eric Tse emphasizes the crucial need for cross-border healthcare collaboration amid shifting political dynamics during the Trump Administration.
Leaders Grapple with Tariff Implications as Trump Unveils Plan at Davos
Global leaders react to US President Donald Trump’s new tariff plan unveiled at the World Economic Forum 2025 in Davos, expressing concerns over potential impacts on the global economy.
CGTN’s Guan Xin Discusses Davos 2025 Themes on Heads Talk Podcast
CGTN anchor Guan Xin joins Elaine Pringle Schwitter on the Heads Talk podcast to discuss key themes from Davos 2025, focusing on collaboration in the intelligent age.
China Boosts Holiday Spending Through Successful Trade-In Programs for Spring Festival
China boosts holiday consumption during the first Spring Festival since Chinese New Year was added to UNESCO’s Intangible Cultural Heritage list, with successful trade-in programs driving consumer spending.