Car-hailing company Uber is planning to expand into dozens more Chinese cities within a year and invest $1 billion. While the firm dominates the US ride-hailing sector, it has struggled to make headway in China – despite backing from local Internet giant Baidu. Source: France24/AFP
- Leading researcher reveals new facility capable of simulating flight at 30 times the speed of sound will be ready ‘soon’
- Power produced by the JF-22 will be seven times more than the Hoover Dam in the US, almost as much as Three Gorges Source South China Morning Post
- Three developments have emerged from the survey: signs that cash flows have deteriorated quickly; new orders continue to fall; and the Chinese economy saw record levels of corporate borrowing.
- The rise in business loans is in part due to the comeback of shadow financing, according to the China Beige Book survey. Source: CNBC
MyDrivers reports that China’s homegrown Zhaoxin processors are now operational with its self-developed Unity Operating System (UOS). The news come on the tail of new Chinese government restrictions that force Chinese institutions to replace all foreign-powered PC hardware and software with domestically-produced products over a three-year span. Tongxin Software, the developer behind UOS, has been able to get the KaiXian processors to work on the desktop and server versions of UOS, respectively. The Chinese CPU maker has already laid out its ambitious plans for the company’s next generation of processors. Source: Tom’s Hardware
