China simply arrange Nationwide Knowledge Administration to mine information for financial development

3. A whole lot of Baidu staff are working across the clock and borrowing pc chips from different departments to prepare for the launch of Ernie Bot, Baidu’s reply to ChatGPT, this coming Thursday. (Wall Road Journal $)

4. Shou Zi Chew, TikTok’s CEO, has sought closed-door conferences with no less than half a dozen lawmakers in Washington, DC. He’s scheduled to look earlier than a congressional listening to relating to privateness and nationwide safety considerations about TikTok later this month. (Forbes $)

5. China could management 32% of the world’s lithium mining capability by 2025, the funding financial institution UBS AG estimates. (Bloomberg $)

6. China reappointed Yi Gang as the pinnacle of the central financial institution, signaling continuity in its financial insurance policies. (AP) 

7. The “996” overwork tradition in China, embraced by tech corporations just a few years in the past, shouldn’t be going away simply. An government at a Chinese language auto firm just lately requested its authorized division to determine “tips on how to keep away from authorized dangers” in asking staff to work on Saturdays. (Sixth Tone)

Misplaced in translation

In central China, a younger entrepreneur is reimagining retirement houses by instructing the senior residents tips on how to play e-sports. As Chinese language gaming publication ChuApp studies, Fan Jinlin, a 25-year-old in Henan province, took over his household’s retirement home-based business after faculty. He began creating video content material concerning the lives of the residents and rapidly attracted hundreds of thousands of followers on Douyin, the Chinese language model of TikTok. 

In February 2022, he started constructing an e-sports room in his fifth retirement dwelling and recruiting seniors who’re eager about video video games. Zhang Fengqin, a 68-year-old retired financial institution clerk, is considered one of them. She noticed the information on Douyin and utilized. Quickly, she grew from somebody who didn’t even know tips on how to use a mouse to a proficient participant of Teamfight Ways, a preferred recreation that doesn’t require fast reflexes as a lot as strategic pondering. Finally, Fan desires to construct an expert staff to play in tournaments, however to realize that, he would wish no less than seven contributors like Zhang. Proper now he solely has three.

Another factor

The quantity 2,952 has disappeared from China’s social media platform Weibo. Why? As a result of President Xi Jinping prolonged his rule for one more 5 years final week, having acquired 2,952 votes approving the extension—with zero opposed and 0 abstaining—in China’s ceremonial legislative physique, the Nationwide Individuals’s Congress. Whereas everybody knew Xi would get a 3rd time period, the truth that there was not a single opposition vote nonetheless bought individuals speaking about how pointless the process was. Just some days later, Weibo blocked search outcomes on the quantity.