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Search resuls for: "Jihye Lee Evelyn Cheng"


3 mentions found


☆ China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say
  + stars: | 2023-03-24 | by ( Jihye Lee Evelyn Cheng | Jihye Lee | Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world's biggest automated container terminal, on May 21, 2021 in Shanghai, China. Policy support"China could at least be a relative 'safe haven' given its growth premium, financial soundness, policy discipline and the new political economy cycle," Citi economists said. The RRR is a measure of how much cash banks in China need to have on hand. Since the pandemic started, mainland China has kept relatively easy monetary policy while not announcing major stimulus packages — such as large cash handouts to consumers. "With the unintended and undesirable from aggressive interest rate hikes surfacing abroad, capital inflows into China could resume after the reopen trade if the recovery thesis plays out and political rerating is steadily ongoing," Citi economists wrote.
☆ China denies Mark Mobius' claims that its government is restricting capital flow
  + stars: | 2023-03-07 | by ( Jihye Lee Evelyn Cheng | Jihye Lee | Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Chinese authorities have denied claims by billionaire investor Mark Mobius, who said he is unable to wire funds out of China due to government restrictions on capital flow. Asked in an interview with Fox Business last week about whether he's reduced his exposure to China, Mobius said, "the government is restricting the flow of money out of the country." He warned investors of "all kinds of barriers" imposed by the government. "I'm personally affected because I have an account with HSBC in Shanghai," he told Fox Business. They did not name HSBC .
☆ Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style 'Ernie Bot'
  + stars: | 2023-02-07 | by ( Jihye Lee Evelyn Cheng | Jihye Lee | Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
Robin Li (or Li Yanhong in Chinese), founder, chairman and CEO of Baidu, introduces the new AI-powered digital assistant "Duer" during the 2015 Baidu Technology Innovation Conference on September 8, 2015 in Beijing, China. Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia's morning trade. Google recently announced a similar service, Bard A. I.Ernie stands for "Enhanced Representation through Knowledge Integration," Baidu said, describing it as a "large language model" that was introduced in 2019. "What distinguishes ERNIE from other language models is its integration of extensive knowledge with massive data, resulting in exceptional understanding and generation capabilities," Baidu said.
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