Vision, robotics and language are key areas where China is worldwide leading artificial intelligence, says Rupert Hoogewerf, chairman of the Hurun report on AI. The number of patent applications has been rising sharply over the past five years, he adds in the South China Morning Post. Huawei holds a top position.
China’s economic slowdown has mainly hit local VC’s, says William Bao Bean, managing director of the Chinaccelerator, at OZY.com. A government crackdown on risky investments and the fallout from the trade war is hitting the industry after the 2017-2018 boom. OZY.com: Local venture capital firms that raise money and invest
Many stories about China and the Chinese in Africa are simply myths, says journalist and author Howard French, of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa. He discusses how Chinese entrepreneurs ended up in Africa. “There was no big masterplan by the Chinese state to do so,” he says at The Columbia Global Centers in Nairobi.
One of the major global initiatives by China was the massive Belt and Road Initiative, reviving the old silk roads. In May 2017 a major international conference showed what our experts were already expecting: now all roads lead to China. Even countries who suffered from difficult relations with China, including both Koreas, appeared in Beijing.Larger than the former Marshall Plan after the Second World War, OBOR is going to redefine global trade.
The trade war between China and the US is taking another casualty, says super-investor Jim Rogers: the US dollar. He will no longer bet on the US currency, as a downturn is nearing fast in a few years’ time, he tells according to News Max. Although for gamblers, buying US dollars for the short run might be an opportunity. In the long run he will switch to China’s renminbi or gold.
The threat to delist Chinese companies from US stock exchanges has shocked observers, even though it is not yet clear whether the White House is moving forward. Financial analyst Sara Hsu warns the reputation of US financial institutions might be at stake. And also: her latest viewpoint on what the consumers might feel from the ongoing trade war.
China’s competitive landscape is changing fast, and the blooming incubators for startups offer multinational a much-needed edge in local competition, says William Bao Bean, managing director of the Chinaccellator in Shanghai to Forbes. “When you’re under pressure and local players are taking market share from you, you look to innovation.”
China is nowadays even compared with former colonial powers when it comes to its economic rise in Africa. Journalist Howard French, the author of China’s Second Continent, takes a step back and looks at how it all started in the 1960s for Worldpoliticsreview, and how it relates to South Africa.