20200120 China News

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China News

1The Chinese monetary authority has identified digital currency as one of the nation's most important infrastructure areas in the coming years, and the global community is expecting the birth of a digitalized renminbi this year.


The central bank injected total funds of 400 billion yuan ($58 billion) into the financial sector on Wednesday, to keep sufficient liquidity before the Chinese Lunar New Year.



Corporate venture capital (CVC) in China grew rapidly with 20.3 billion yuan ($2.94 billion) funding in 2018, accounting for 17 percent of the total venture capital investments, and tech giant firms ruled the top five most active CVC investors, according to a new industrial report.


Volkswagen Group China, together with its Chinese joint venture partners, delivered 4.23 million vehicles in the Chinese mainland and Hong Kong market in 2019, up 0.6 percent from the previous year, according to the company.


Large-scale commercial use of self-driving technologies could become a reality sooner than expected, as tech companies are beefing up efforts to conduct passenger tests on unmanned vehicles, build out vehicle-to-everything infrastructure, and promote the application of superfast 5G technology.


From carrying out test runs on closed roads to transporting passengers in cities, China's self-driving industry took a big step forward in 2019, attracting more foreign manufacturers.


Volvo Cars has signed an agreement with telecom giant China Unicom to promote Vehicle to Everything (V2X) technology in China based on 5G technology.


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SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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