Shenzhen Post

Fast Fashion Thrives During Crises, But France Fights Back

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[cmsmasters_row][cmsmasters_column data_width=”1/1″][cmsmasters_text] The 2008 financial crisis sent shockwaves through the global economy, with banking giants like Lehman Brothers collapsing. While many industries faltered, a surprising sector emerged as a winner: fast fashion. As consumers tightened their belts, they turned to affordable, mass-produced clothing, propelling fast fashion brands like Boohoo and Asos to new heights. This … Read more

South Korea’s Record-Low Fertility Rate Deepens Population Crisis

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South Korea recently shattered its own record for the world’s lowest fertility rate, falling to a dismal 0.72 births per woman in 2022. This represents an alarming 8% decline from the already concerning rate of 0.78 in 2021. This plummeting birth rate has triggered a full-blown population crisis in South Korea. With the population declining … Read more

China Opens Doors Wider for Foreign Investment and International Trade

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China, as evidenced by a recent government work report, has signaled a significant shift towards a more open and integrated economy. This report outlines a series of measures aimed at fostering a level playing field for foreign businesses by ensuring “national treatment” for foreign-funded enterprises, ultimately promoting mutual benefits. To achieve its goal of higher-standard … Read more

China Boosts Science and Technology Spending by 10%

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Science and technology has emerged as a top priority for China in 2024, with a significant 10% increase allocated to this sector in its annual budget. This translates to ¥379.8 billion (roughly US$52.7 billion), marking the largest percentage rise among all major government spending areas and a significant jump from last year’s modest 2% increase. … Read more

China Surpasses South Korea in Tech Race: Implications and Future Strategies

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The landscape of global science and technology is witnessing a shift in power dynamics, with China making significant strides and surpassing South Korea in advancements across 136 key technologies for the first time in 2022, according to a report by South Korea’s Ministry of Science and ICT. This report, which uses the US as the … Read more

EU Fines Apple €1.84 Billion for Anti-Steering Practices in Music Streaming Apps

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The European Union has levied a hefty fine of €1.84 billion (roughly $2 billion) on Apple for breaching antitrust rules in the market for music streaming services on its iOS platform. This penalty centers around Apple’s use of “anti-steering provisions,” which restrict music streaming apps from informing users about cheaper subscription options outside of the … Read more

China’s Mobile Phone Market Booms: Shipments Surge 68.1% in January, Driven by 5G and Domestic Brands

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China’s mobile phone market witnessed a remarkable surge in January, with shipments skyrocketing 68.1% year-on-year to reach 31.78 million units, according to data from the China Academy of Information and Communications Technology (CAICT). This significant growth suggests a robust market and strong consumer demand. The data revealed a clear shift towards 5G technology, with these … Read more

China Applauded for Progress in Rural Education: Incentives and Training Show Positive Impact

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A UNESCO official highlighted China’s positive contributions to improving education quality in rural areas, particularly through teacher incentives and training programs. Carlos Miguel Vargas, chief of UNESCO’s section for teacher development, praised China’s efforts during the launch of the United Nations Secretary-General’s high-level panel on education in Johannesburg, South Africa. This panel aims to address … Read more

Coleman Blazes to Gold in Glasgow: World Record Holder Reigns Supreme!

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American sprinter Christian Coleman, the current world record holder in the 60m dash, secured the gold medal at the World Athletics Indoor Championships held in Glasgow on Friday. He completed the race in a world-leading time of 6.41 seconds, showcasing his dominance in the event. Despite Coleman holding the coveted world record of 6.34 seconds … Read more

Mistral AI: The French David Taking Aim at the OpenAI Goliath

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The world of artificial intelligence is witnessing a fascinating David-and-Goliath scenario unfold. Mistral AI, a young yet ambitious French startup, is challenging the established dominance of OpenAI, a much larger and more well-funded player in the field. Founded in 2023 by a trio of tech veterans – Arthur Mensch (formerly Google DeepMind), Guillaume Lample (formerly … Read more