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Western China fair signs deals worth $49.3 billion
Western China fair signs deals worth $49.3 billion

Yahoo

time28-05-2025

  • Business
  • Yahoo

Western China fair signs deals worth $49.3 billion

CHENGDU, China, May 28, 2025 /PRNewswire/ -- The ongoing 20th Western China International Fair, which began Sunday in Chengdu, the capital of Sichuan province, has seen the signing of 416 investment projects totaling 354.3 billion yuan ($49.3 billion) in value, according to the organizing committee. The five-day event attracted over 3,000 exhibitors, with a total exhibition area of 200,000 square meters. The exhibitors come from 62 countries and regions and 27 domestic provincial-level administrative regions, including 61 Fortune Global 500 companies, according to the organizing committee. All 12 provincial-level regions in western China are jointly presenting over 2,200 investment projects worth more than 3.7 trillion yuan under the "Invest in Western China" brand. Chen Ping, director of the Hungarian Export Promotion Agency's southwest China branch, said her office organized over a dozen Hungarian companies to showcase their products at Hungary's national pavilion, including wines, condiments, snacks, and cosmetics. "China's western region has shown remarkable development momentum and strong market potential," she said. "We look forward to further expanding the market for Hungary's high-quality products through the fair." On May 25, the signing and launching ceremony of the 15th Western China International Sourcing Fair was held at the Western China International Expo City. With the theme "Deepen Reform for More Momentum, Expand Openness for Greater Growth", the event invited government representatives from over 60 countries and regions, including the United States, Australia, Spain, Uruguay, Thailand, and Iceland, as well as representatives from embassies and consulates in China, overseas business associations, multinational corporations, and leading enterprises. More than 30 projects were signed on-site, with a total intended procurement amount of nearly 7 billion yuan, covering areas such as new energy, energy storage projects, and agricultural and sideline products. View original content to download multimedia: SOURCE WCIF Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Chinese Commentator Chen Ping: Through DeepSeek, I See the future of Socialism; Chinese Artificial Intelligence Must Uphold Socialism
Chinese Commentator Chen Ping: Through DeepSeek, I See the future of Socialism; Chinese Artificial Intelligence Must Uphold Socialism

Memri

time13-02-2025

  • Politics
  • Memri

Chinese Commentator Chen Ping: Through DeepSeek, I See the future of Socialism; Chinese Artificial Intelligence Must Uphold Socialism

In a February 8, 2025 video discussing the Chinese artificial app DeepSeek, Chinese commentator Chen Ping presents a socialist vision for integrating artificial intelligence and big data into China's socialist system to optimize resource distribution. He argues that rather than exporting surplus goods to subsidize American consumption, China should use its technological capabilities to redistribute these resources domestically. Ping stated that by prioritizing the development of rural areas and small and medium-sized cities, as well as reforming unsustainable urban lifestyles, China can enhance its national livelihood while addressing financial concerns such as inflation. He further suggests that this AI-driven socialist model could have global implications. Through initiatives like the Belt and Road and the "Community of Shared Future for Mankind," China could share its experiences with other nations, offering an alternative approach to economic development. This framework, he believes, would allow both ordinary citizens and elites worldwide to voluntarily learn from China's resource management strategies and socialist governance. Chen Ping is a well-known online commentator primarily active on social media. In his early years, he studied in the Department of Physics at the University of the Chinese Academy of Sciences and later received a government-sponsored opportunity to study abroad. He has served as a senior researcher at a Chinese research institute and has taught at prestigious universities such as Peking University and Fudan University. Chen Ping created several social media accounts, where he publishes international commentary videos, criticizing the cultural, political, and economic systems of the United States while praising certain aspects of China. His views are highly opinionated, drawing a substantial audience. Chen Ping's real-life activities have sparked controversy. It was discovered online that he resides in the United States and exposed his American villa on social media. Many Chinese and American viewers find this hypocritical.

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