- January 9th, 2025
China's ambitious space plane program, known as Tengyun (cloud rider), is aimed at filling a gap in low Earth orbit operations. The Chinese space plane, also known as Chongfu Shiyong Shiyan Hangtian Qi, is an experimental, reusable unmanned spacecraft in...
Inflationary expectations are believed to cause general price increases, such as when oil prices rise sharply. The state of inflation expectations greatly influences actual inflation and the central bank's ability to achieve price stability. Central bank policies are believed to...
China's economic miracle was not possible without the advice from Japan and Singapore, which led to the country's current economic struggles. Deng Xiaoping, who was the second poorest country among 140 countries after Mao Zedong's death in 1976, sought reform...
The proposed preferential trade agreement between Australia and the European Union (EU) has been suspended after five years of negotiations. The failure is partly due to the current times, with liberal trade policy retreating and government-fueled industrial policy on the...
Kazakhstan's National Bank has introduced a digital analogue to the national currency, the tenge, to streamline financial transactions and reduce corruption. The Digital Tenge (DT) is a unique payment tool that is centrally issued by the National Bank, unlike cryptocurrencies....
China's population surpassed that of China in 2023, marking the first decline since 1961. However, the country's GDP growth slowed to 3% in 2022, partly due to COVID-19 lockdowns and energy demand. In 2023, weaker retail sales, industrial output, and...
The Biden administration's new National Cybersecurity Strategy aims to prevent cyber incidents from disrupting operations and avoid cascading impacts on the U.S. economy and national security. The strategy proposes two regulations: one from the U.S. Department of Defense, which provides...
AI-enabled programs like ChatGPT can be used for criminal purposes, with concerns raised by MI5 Director General Ken McCallum and FBI Director Christopher Wray at a Five Eyes Intelligence Summit in October 2023. The platform's safety mechanisms can be circumvented...
Since November 17, the Chinese yuan (RMB) against the U.S. dollar (USD) has shown a strong rebound trend, with the onshore RMB-to-USD spot exchange rate rising above the 7.13 level by one point, closing at 7.1338, marking a nearly four-month...
The rapid development of China's digital economy has generated a massive amount of data resources, which can be used to develop local economies and finances. Professor Zhu Yangyong of Fudan University introduced "data finance" in 2015, suggesting China may be...
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