China Digest

Economics and policy from China’s newspapers

Tuesday October 3, 2017

China to maintain neutral monetary course

China will continue to implement a steady and neutral monetary policy, officials at the People’s Bank of China said at a regular meeting on September 30, the 21st Century Business Herald reported.

Xiongan lands R&D bases for metamaterial and new engines

Kuang-Chi Group, a diversified technology conglomerate in China, plans to establish two research institutions of metamaterial and new engines in the Xiongan New Area, and locate their industrial bases in Baoding city, Hebei province, reported.

New batch of green cars OK’d for China’s market

The Ministry of Information and Technology has given the go-ahead to a new batch of green energy automakers on Saturday, the Securities Times reported.Some 1,906 vehicles, including 1,813 automobiles, 79 motorbikes and 14 tri-wheel cars from 510 automakers have passed the technical review, the report said.

‘People’ still key to Artificial Intelligence success

Talented people remain the most essential element of an artificial intelligence firm, while a database is also very important, according to a Beijing-based computer engineer.