China’s total public and private sector spending on hi-tech research and development reached a record high of US$324 billion last year. Photo: AP
Hello, this is Bien Perez from the South China Morning Post’s Technology desk, with a wrap of our leading stories this week.
Amid rising tensions with Washington, Beijing has had to downplay some of the country’s technological catch-up efforts, such as the “Made in China 2025” policy road map. Sensing a threat to US global hi-tech dominance, the Trump administration had seized on the plan as an example of what it sees as unfair state intervention in China’s economy.
In reality, however, China’s pace of hi-tech initiatives has not slowed down. The country’s spending on research and development broke a record last year, reaching 2.2 trillion yuan (US$324 billion), according to data released in August by three Chinese government agencies, covering the private and public sectors. That
In Bejing, GAC Group showcased a new power technology: “Mega Wave Power”, creating a new generation of powertrain products with more power, more agile response and lower fuel consumption. After 12 years of R&D, the “Mega Wave Power” has pioneered a complete power product architecture. The fourth generation 2.0ATK engine was independently certified to have achieved 42.10% thermal efficiency, beating current gasoline engine benchmarks in the world. Based on this platform,GAC is planning to launch several new models to bring new energy-saving mobility solutions to consumers.
GAC Group’s convertible coupe ENPULSE’s debut at the auto show was highly anticipated. Designed at the GAC R&D Center, Silicon Valley, this fully electric sports car combines aerodynamic design and a sporty flair painted with a new “electric light-emitting” paint to achieve synergy between interior and exterior design. In addition, AR-HUD technology has been incorporated, creatively creating a gaming experience while
Volunteers collect garbage and disinfect recreational facilities at Lianhuachi Park in Beijing on May 1 (XINHUA)
At the 99 Giving Day, an annual charity event held on September 9, donations poured in from Internet users, enterprises and the Tencent Charity Foundation of technology company Tencent. They totaled more than 3 billion yuan ($443 million), marking a new high in the cause of charity in China.
On that day, various charitable activities were held across the country. Many charities live-streamed their projects on various social media platforms while viewers donated during the live shows.
The Changchun XinYu Volunteer Association in Jilin Province in northeast China received funding from several charitable foundations.
The association engages volunteers from local universities to raise funds for disabled children and children from poor households and offer them tutoring services and psychological counseling.
Launched in 2015 by Tencent, together with other organizations and celebrities, 99 Giving Day