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Search resuls for: "Yang Bo"


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On Monday, the central government announced 20 measures to support tourism, as well as spur consumption of electric cars and so-called smart appliances. The support measures announced included an entire section on spurring rural consumption. Specifics included subsidizing trade-ins for purchase of smart household appliances, improving delivery services and promoting rural tourism. Median disposable income for rural households rose by 6.1% in the first half of the year from a year ago, official data showed. But at 8,920 yuan ($1,245) in disposable income, rural households only had about 40% of what urban households had to spend.
Persons: Yang Bo, Xu Hongcai, Li Chunlin, Li, Nomura, Xu, Wang Jun Organizations: China News Service, Getty, China Association of Policy, National Development, Reform Commission, CNBC, Boston Consulting Group, U.S . Authorities, Huatai Asset Management Locations: Nanjing, China, BEIJING, Beijing, Hong Kong
Russia's scramble to find microchips for its weapons hints at struggles the US and China could face in a future war. Russian strikes and microchipsA Ukrainian military official with electronics from a destroyed Russian T-90M tank in Kyiv in March. Oleksii Chumachenko/Anadolu Agency via Getty ImagesWestern-made microchips and processors power many of Russia's weapon systems, even its most advanced missiles and aircraft. ASML is the only firm that produces extreme ultraviolet, or EUV, lithography machines, which are needed to make advanced microchips. A US-Chinese clash over Taiwan, or some other disruption, like a Chinese blockade, that halts exports of advanced semiconductors would affect numerous other industries.
Since China doesn't have a central social credit system, many local government agencies have been experimenting with what the system could look like. But the plan is for the social credit system to eventually be mandatory and unified across the nation, with each person given their own unique code used to measure their social credit score in real-time, per Wired. In fact, a national social credit system is currently being proposed. Companies will also be at risk if China passes on its Establishment of the Social Credit System law. Citizens with good social credit can also get discounts on energy bills, rent things without deposits, and get better interest rates at banks.
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