Shenzhen Post

Shanghai Embraces Global Collaboration: Two New Sino-Foreign Universities on the Horizon

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Following the success of Shanghai New York University, the city is taking another leap forward in international education with the launch of two new Sino-foreign joint venture universities. These exciting collaborations aim to cultivate highly skilled and interdisciplinary talent, not only boosting Shanghai’s economy but also strengthening its global standing. The Sino-German University of Science … Read more

EU Probes TikTok for Potential Breaches of Digital Services Act: Fines Loom Large

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The European Union has launched a formal investigation into TikTok, raising the potential for hefty fines if the popular video app is found to have violated the bloc’s new Digital Services Act (DSA). This move follows concerns about potential breaches in areas related to child safety, advertising transparency, and algorithmic practices. The investigation, announced by … Read more

China Slashes Mortgage Rates in Boldest Move Yet to Rescue Ailing Property Market

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In a bid to revitalize the struggling property market and bolster the overall economy, China has implemented its biggest-ever reduction to a key mortgage rate. This move comes amidst a deepening crisis in the sector, marked by declining sales and financing challenges. The five-year Loan Prime Rate (LPR), a benchmark for banks’ set by the … Read more

BYD Shakes Up Market with Ultra-Affordable Hybrid: Targeting Budget-Conscious Drivers

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China’s EV leader, BYD, is making waves with the launch of its new Qin Plus DM-i Glory Edition, a plug-in hybrid priced significantly lower than popular petrol cars like Volkswagen’s Lavida and Toyota’s Corolla. This strategic move aims to accelerate the transition from fossil fuels to EVs in a slowing economy, particularly attracting young, budget-conscious … Read more

Brrr! Brace for Frigid Blast as Powerful Cold Front Sweeps Through Guangdong

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Hold onto your hats, Guangdong residents, because winter is roaring back with a vengeance! From February 22nd to 25th, a powerful cold front is set to descend upon the province, bringing not just a significant drop in temperatures, but also rain, and even a taste of sleet in some areas. Get ready for a taste … Read more

Spring Festival Travel Bonanza: Families, Fun, and Future Growth

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China’s recent Spring Festival holiday witnessed a remarkable resurgence in travel, marking a 280% surge compared to the previous year with 13.52 million inbound and outbound trips. This translates to a daily average of 1.69 million journeys, bringing travel close to 90% of pre-pandemic levels. While the tradition of family reunions remains deeply ingrained, with … Read more

Shenzhen holds the lead in IPO applications

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Shenzhen is surging ahead in the race for new listings. As of January 31st, 2024, 58 companies from the city had filed IPO applications, outpacing major competitors like Shanghai and Beijing. This puts Shenzhen in the driver’s seat for 2024, despite a significant drop in applications since stricter regulations were implemented in August 2023. However, … Read more

Chinese breakthrough turns CO2, the top GHG, into a resource

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Scientists may have finally cracked a decades-old challenge in converting harmful carbon dioxide (CO2) into valuable chemicals while tackling climate change. Existing systems struggled to operate for sustained periods, limiting their practicality. Researchers at Huazhong University of Science and Technology (HUST) developed an electrolysis system that converts CO2 into formic acid with over 93% efficiency, … Read more

Predicting Dementia 15 Years Early: Chinese Scientists Make Major Breakthrough

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Chinese scientists have achieved a potentially groundbreaking feat: predicting a patient’s risk of dementia up to 15 years before symptoms appear. This breakthrough involves analyzing blood samples and leveraging the power of artificial intelligence. Using a massive database of over 50,000 people, researchers pinpointed proteins linked to various dementia types.  An AI model was trained to … Read more

Beijing Booms with Tourists During Spring Festival Holiday

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Beijing welcomed a staggering 17.4 million visitors during the recent eight-day Spring Festival holiday, a 37.4% increase compared to last year, according to the city’s tourism bureau. This influx led to a 40.6% jump in tourism revenue, reaching an impressive 28.65 billion yuan (about $4 billion). Traditional temple fairs were a major draw, attracting over 5.16 million … Read more