In China's Hunan province, geologists have discovered an extraordinarily large gold deposit containing more than 1 000 tonnes of the precious metal. The discovery could have a major impact on the global gold market, as estimates suggest that the value of these reserves exceeds USD 87 billion. The discovery, reported by the Chinese media and conf...
It has long been talked about, but many hoped that it would eventually be avoided. But now the reality is inevitable. The German car companies are facing serious problems, which is negatively affecting not only the German economy, but also the Czech economy. According to some experts, the impact on the economy could be worse than originally expe...
China's dairy industry is in a severe crisis caused by various factors, including a declining birth rate, a slowing economy and overproduction of milk. This situation has serious implications for farmers, importers and consumers. Falling milk prices and farm closures Milk prices in China have fallen below the cost of production, which is a...
China is the leader in the number of patents related to generative artificial intelligence (AI), according to a UN report. Between 2014 and 2023, more than 38,000 patents on generative AI came from China, about six times the number of patents filed in the United States, which came in second place. Overall, more than 54,000 patents related to ...
According to a UN report, China is the world leader in the number of patents related to generative artificial intelligence (AI). Between 2014 and 2023, over 38,000 patents in this area were filed in China, about six times more than the United States, which is in second place. In total, more than 54,000 patents related to generative AI were filed...
The rapid rise of Chinese fast fashion e-tailers such as Shein and Temu is turning the world's air freight industry on its head. E-shops are competing for limited air freight space to meet consumer demands for the fastest possible delivery of goods from factories in China. Citing more than a dozen industry sources, Reuters reported on Wednesday....
The first cargo ship designed to export cars to Europe sets sail from China. Chinese electric car manufacturer BYD has chartered a vessel capable of carrying up to 7,000 cars. The initiative follows BYD's success in its home market and its drive to expand rapidly abroad. In the last quarter, BYD even became the world's largest electric car ma...
Elon Musk once scoffed at the idea that a Chinese carmaker could compete with his Tesla. Now, the Chinese brand BYD, previously unheard of by many, is on track to become the world leader in electric vehicle sales. In the third quarter, the American Tesla sold 435,000 electric vehicles, while BYD, in which American billi...
In Chengdu, China, scientists from the Institute of Urban Agriculture at the Chinese Academy of Agricultural Sciences there have created a fully automated indoor vegetable farm with an impressive 20 floors, billed as the largest automated facility of its kind in the world. Vertical farms are an effective means of introducing agricultural product...
