Read more: Strict domestic rules drive Chinese metaverse entrepreneurs and investors to go abroad
Both startups and Chinese tech giants Tencent Holdings, Alibaba Group Holding and ByteDance. are investing in metaverse and web3 projects.
However, it is difficult to develop metaverse and web3 projects in China due to the government’s tough stance on cryptocurrencies. China has banned the issuance and trading of cryptocurrencies due to concerns over financial risks such as money laundering and illegal financing. As a result, many have sought opportunities in overseas markets, in markets such as Southeast Asia, where governments typically take a relatively lax stance on cryptocurrencies.
Experts confirm that not all Covid deaths are included in official tallies
infectious disease specialist Verified Not all deaths of Covid patients count as Covid deaths in China.
Covid-19 patients who died suffering from underlying conditions such as cardiovascular disease will not be included in the Covid-19 death toll if their condition is found to be the main cause of death, Beijing said. Wang Guiqiang, director of the Department of Infectious Diseases of the University’s First School, said. hospital.
where is everything Are China-made antigen test kits gone?
China increases supply Pfizer’s Covid Pills See Demand Soaring, Experts Say
finance and economy
World Bank cuts China growth forecast, real estate downturn, reopening complexities
world bank China’s growth forecast lowered For this year and next, he points to the possibility of longer-than-expected economic turmoil amid a surge in reopening Covid cases and a prolonged downturn in the real estate sector.
China’s real GDP growth is expected to slow to 2.7% in 2022 and recover to 4.3% in 2023, the World Bank said in a report on Tuesday. In September, the bank predicted that China’s economy would expand by 2.8% in 2022 and 4.5% next year. country’s GDP 8.1% increase Because last year the standard of comparison was low.
China budget deficit ‘Zero Covid’ slump hits record $1.1 trillion
business and technology
Xiaomi cuts 10% of its workforce amid falling revenue
Xiaomi Co., Ltd. Verified The Chinese smartphone maker announced on Tuesday it will cut jobs and streamline operations at the end of the year as it faces declining revenues amid weak consumer demand.
A Xiaomi official said the company would lay off nearly 10% of its workforce, or 3,500 people. This total is less than previous media reports that the company will cut his 15% of its workforce.
Electric car /
EV makers Arcfox and Huawei unveil urban navigation system for drivers in Shanghai
Arcfox is a premium brand owned by BAIC BluePark New Energy Technology Co. Ltd., an electric vehicle company based in Beijing. Started city navigation support function The vehicle was jointly developed with Huawei Technologies Co., Ltd. and will be used in Shanghai.
A new feature called Navigation Cruise Assist (NCA) is built into the Alpha S vehicles that come with the Huawei Inside, and it helps the driver navigate urban traffic situations such as overtaking, changing lanes, and maintaining a proper following distance from the vehicle in front. Arcfox said it will help you deal with it. Monday.
Neo blackmailed for millions of dollars Bitcoin by hacker stealing data
Demand for lemons soars As Chinese seek immunity against Covid
long lead /
there is more China’s Personal Consumption Slumps More than Covid-19
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