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China Sets Ambitious Goal in Cloud Computing
The scale of the cloud computing industry is expected to expand to 430 billion yuan (US$62.29 billion) by 2019, making breakthroughs in core technologies and strengthening Chinese cloud computing’s global influence, according to an action plan for 2017-2019 issued by the Ministry of Industry and Information Technology.
In the Blood Red
A recent tragedy has put loan sharks in the public eye. Sympathy or anger are not the solutions to avoiding further incidents. Legal process and exit mechanisms are
Development Chief: No “Stimulus Plan” for China
China will not adopt a “flooding” stimulus plan to propel economic growth, said Li Pumin, secretary general of the National Development and Reform Commission, at a recent news conference.
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Slaying Zombies
Progress on corporate deleveraging is limited, says former minister Li Yizhong. Enterprises need more self-discipline and incentives, not just administrative orders
Driving Prosperity
While there is consensus to keep the real economy thriving – the part that produces actual goods as opposed to financial markets – persuading investors to be patient enough to wait for returns remains a challenging task
Tangled Road
Sharing a car is cool – but the sector has lots of problems to solve before it is also profitable