What to expect from China’s Data Dump
23 June 2019 | 6:28 am
China is set to release May data on retail sales, investment, and production. In the data investors will look for how the Chinese economy has held up amid trade tensions and how successful the government's stimulus measures have been.
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The Evergrande Group filed for bankruptcy in order to safeguard its assets within the US. Many developers have been facing similar issues in China's expansive property industry.
Shares in Chinese real-estate company Evergrande have plunged after it resumed trading following a 17-month suspension. The big drop highlights China's current problems in the property sector.
The Facebook parent company said it purged thousands of accounts from a so-called "Spamouflage" campaign linked to Chinese law enforcement. The operation reportedly also targeted other platforms like YouTube and Reddit.
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China's artificial intelligence (AI) market is currently worth €20 billion, but that figure could more than double within two years. Beijing aspires to overtake the US to become the world leader in the sector by 2030. AI technology enables machines to imitate human intelligence to generate texts, images and videos or even create original art and designs. In China, AI is already profoundly transforming both personal and workplace life.
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