Province Zhejiang Financial News

 

Lou, an associate professor affiliated with Zhejiang University’s School of Marxism, allegedly shared his preferences within a matchmaking chat group earlier this month, according to a report by the South China Morning Post, which cited Chao News. In his post, Lou, 35, provided a self-introduction, stating that he stands at 175 centimeters tall and weighs 70 kilograms. He holds a doctorate from a prestigious Chinese university and earns an annual salary surpassing one million yuan (approximately ₹1.16 crore). Additionally, he highlighted his enthusiasm for athletics and financial market investments. Lou further noted that he is the sole offspring of a prosperous family based in Yiwu, Zhejiang. Regarding his envisioned partner, Lou specified that she should have been born after the year 2000, making her at least ten years his junior. He delineated a preferred height range between 165 and 171 centimeters and underscored that she must possess a slender physique and an appealing overall appearance. Educational qualifications were another fundamental criterion, as Lou insisted that his potential girlfriend must have obtained at least a bachelor’s degree from one of nine distinguished Chinese universities.

DeepSeek's latest AI model gained global attention in the last two weeks, but now the company is maintaining secrecy about its next moves.

Subscribe to enjoy similar stories. In China, DeepSeek’s sudden shot to fame with artificial-intelligence models rivaling American ones has inspired a moment of national pride.

DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence.

Chinese economy looks like it is taking a major hit from certain provinces, that is making their possibilities of finishing on a high, even more difficult. The economic slowdown in China is slowly becoming a harsh reality, with the Asian country seeing five provinces going through a sharp downswing effect in recent days, with Tibet and Jilin taking centerstage in this doomsday scenario, according to a Bloomberg report.

Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949. The Category 1 typhoon, packing maximum sustained wind speeds near its centre of around 144 kilometres per hour (89 miles per hour), was about 500 kilometres southeast of Shanghai as of 1:00 p.m. (0500 GMT). It is expected to make landfall along China's eastern coast after midnight on Monday. The strongest storm to make landfall in Shanghai in recent decades was Typhoon Gloria in 1949, which tore through the city with gusts of 144 kph. Shanghai was last threatened by a direct hit in 2022 by the powerful Typhoon Muifa, which instead landed 300 km away in the city of Zhoushan, in Zhejiang province.

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tech push, Milken Institute's best performing cities China index showed Tuesday.

China's state media and authorities say a powerful explosion set off a fireball on a container ship loaded with hazardous goods at a major port on China’s Pacific coast

BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo Port, Taiwanese vessel owner Yang Ming Marine Transport Corporation told CNBC in a statement.

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

China), said the company's current focus is solely on its Bengaluru facility. “While we acknowledge the complexities surrounding ownership, that is an issue for the future. We will address it when the time comes," he said, replying to a question from Mint on the need for an Indian partner on the sidelines of a media interaction on Wednesday.

Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colours, pile up on a workroom floor. Jacket sleeves, collars and brand labels protrude from the stacks as workers feed the garments into shredding machines. It’s the first stage of a new life for the textiles, part of a recycling effort at the Wenzhou Tiancheng Textile Company, one of the largest cotton recycling plants in China. Textile waste is an urgent global problem, with only 12% recycled worldwide, according to fashion sustainability nonprofit Ellen MacArthur Foundation. Even less — only 1% — are castoff clothes recycled into new garments; the majority is used for low-value items like insulation or mattress stuffing.

Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla's cars have been made eligible for government purchases in China, the Paper added. China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government and public organisations in a government statement on June 6.

A criminal gang in China has been sentenced for money laundering using digital yuan in an international scheme.

purchase restrictions on Thursday to lure buyers and shore up their sagging real estate markets, raising the prospect of other megacities following suit. As of May 9, Hangzhou and Xian will no longer vet the eligibility of potential buyers, the cities' housing authorities said in separate notices, shedding requirements previously imposed to deter speculators and block buyers who are not legal residents of the cities or local tax payers.

The Beijing police, in collaboration with the Beijing Branch of the State Administration of Foreign Exchange, has uncovered a series of cases involving the illegal sale of citizen information using crypto.

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show

Chinese law enforcers say they have shut down a gang that was using digital yuan wallets to launder money.

OUR GUEST this week asks to be introduced properly as a hyper-SUV: The Lotus Eletre, assembled in Wuhan, China, is the first all-electric Lotus of its post-petroleum era. In 2017, Chinese conglomerate Zhejiang Geely Holding Group took controlling interest in the 75-year-old manufacturing concern, based in Hethel, England, and has since spent more than $2 billion turning smoky, drafty old Lotus into Lotus Technology, a luxury electric hothouse. To say Lotus got the better end of the deal is heroic understatement.