Companies
Smart city project transforms residents’ lives
Ambitious plan already creating Wuxi of the future
Wuxi has spared no efforts in developing itself into a smart city in recent years in an effort to deal with the challenges created by rapid urbanization and economic growth.
In 2014, the city in Jiangsu province was selected as a core city for the Smart Cities Initiative by the Institute of Electrical and Electronics Engineers, a renowned professional technological organization headquartered in the United States. It is the only Asian one among the five core cities.
Wuxi has advanced its smart city development since then, with the project seen widely as a key to the city’s future. Local policymakers said by 2020 Wuxi will become a safer, more convenient, more efficient and greener city by leveraging information communications technologies.
A smart city uses digital technologies to enhance performance and well-being, reduce costs and consumption of resources, and engage more effectively and actively with its citizens, according to the IEEE.
Visitors learn about a system that is used for a smart community in Wuxi. Pan Xiaoming / For China Daily
A smart city should be able to respond faster to local and global challenges than one that has a simple “transactional” relationship with its citizens, the institute said.
Since 2009, Wuxi has promoted the development of the internet of things to achieve world-class smart city status.
By leveraging ICT resources, the city established a sensor center for China and also created a State-level demonstration sensor network in 2009, which plays an important role in boosting IoT development.
A number of IoT technology projects have been applied in a wide range of fields, such as infrastructure construction, city management, safety operations, transportation, energy conservation and environmental protection, healthcare, housing, culture and education.
Wuxi has used IoT technologies to make several technological achievements in smart communities,…
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
(more…)Companies
Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
(more…)Companies
Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
(more…)- China’s November 2024 Economy: Navigating Mixed Signals and Ongoing Challenges
- Ukraine war: 10% of Chinese people are willing to boycott Russian goods over invasion – new study
- Australia Can Enhance China’s Credibility in the CPTPP
- Gordonstoun Severs Connections with Business Led by Individual Accused of Espionage for China
- China Dismantles Prominent Uyghur Business Landmark in Xinjiang – Shia Waves
- China Expands Nationwide Private Pension Scheme After Two-Year Pilot Program
