THE ancient Silk Road was a route from China to Europe dating back more than 2,000 years, through which textiles and other good were brought - silky fabric to Europe and carrots for the Chinese. Ideas were also exchanged between the Asian and Roman and Middle Ages civilisations. Where is the Silk Road? The Silk Road was a network of trade routes connecting China and the Far East with the Middle East and Europe. It was not a road as such, rather a collection or network of tracts and sea routes on which goods were shipped by merchants. Few travelled the entire route because goods were mostly handled by middlemen. It stretched along the Originating in China the 4,000-mile road followed the Great Wall of China to the northwest, bypassed the Takla Makan Desert, climbed the Pamirs mountains before crossing Afghanistan and then on to the Levant. From there the merchandise was shipped across the Mediterranean Sea to Europe. What countries does the ancient route … [Read more...] about Where is the Silk Road, what countries does the ancient route run through and where does it begin and end?
China’s state planner said on Wednesday it has reached an agreement with a major Chinese policy bank to invest 100 billion yuan ($14.60 billion) in big data, cloud computing and smart city projects over the next 5 years, Reuters reports. The National Development and Reform Commission said its financial agreement with the China Development Bank (CDB) aims at heeding calls from the state cabinet for more financial support to China’s “digital economy”. Follow Trend on Telegram. Only most interesting and important news … [Read more...] about China to invest $15 billion in big data, cloud computing over next five years
Alibaba Group Holding Ltd will set up a dedicated chip subsidiary and aims to launch its first self-developed AI inference chip in the second half of 2019 that could be used for autonomous driving, smart cities and logistics, Reuters reports. The Chinese firm said at an event in Hangzhou on Wednesday that the new subsidiary would make customised AI chips and embedded processors to support the firm’s push into fast-growing cloud and internet of things (IoT) businesses. Alibaba’s aggressive drive to develop its own semiconductors comes as China’s government looks to raise the quality of home-made chips to help propel high-tech domestic industries from cutting-edge transport to AI healthcare systems. In April, Alibaba bought a Chinese microchip maker Hangzhou C-SKY Microsystems to help bolster its cloud-based “internet of things” (IoT) business. Jack Ma, Alibaba co-founder and chairman, said then that China needed to control its “core … [Read more...] about China’s Alibaba doubles down on chips amid cloud computing push
Bence Gaál Wednesday, September 19, 2018, 08:40 A regional "Marketing to China" conference will be held in Prague on January 29-30 next year, with the conferenceʼs main goal is to inform attendees how to attract Chinaʼs 1.4 billion customers to their brand, according to a press release sent to the Budapest Business Journal. The event offers opportunities to meet marketing professionals from China to share their experiences, alongside European companies that can tell how they managed to conquer the Chinese market. The conference also offers new qualifications with Baidu Certified Marketing Specialist Training. Early bird tickets are available for EUR 100 until the end of September at the eventʼs website. … [Read more...] about Marketing to China conference to be held in Prague
China will not engage in competitive currency devaluations, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies, Reuters reports. Addressing a World Economic Forum event in the port city of Tianjin on Wednesday, Li did not directly mention the trade conflict but he said talk of Beijing deliberately weakening its currency was “groundless.” “One-way depreciation of the yuan brings more harm than benefits for China,” he said. “China will never go down the road of relying on yuan depreciation to stimulate exports.” China will not do that to chase “thin profits” and “a few small bucks”. Li went on to say that the world’s multi-lateral trading system should be upheld, and that unilateral trade actions will not solve any problems. His remarks gave a lift to the yuan, which has lost about 9 … [Read more...] about China won’t weaken currency to boost exports