China Digest

Economics and policy from China’s newspapers

Friday October 13, 2017

Wuhan upgrades salary guide to make college students stay

Wuhan has recently introduced a minimum annual salary guide for college graduates, setting an undergraduate degree at 50,000 yuan (US$7,588), a master’s degree at 60,000 yuan, and a doctoral degree at 80,000 yuan, the 21st Century Business Herald reported.

Shares of Kweichow Moutai soar to new high

Shares of China’s liquor giant Kweichow Moutai hit 551.25 yuan (US$83.67) on Thursday, the first time it exceeded the 550 yuan mark and a new record high, the China Securities Journal reported.

Shenzhen marks first ‘rental only’ housing project

Following the lead of Shanghai and Guangzhou, Shenzhen has launched the city’s first “rental only” housing project on Wednesday, which required a local developer to not sell the property for 70 years, Caixin reported.

Qualcomm eyes artificial intelligence applications

The next major battle in the artificial intelligence sector is all about applications as industry players have spent enough money on competition hardware, Yicai.com reported, citing a senior executive at Qualcomm Corp.