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Time of India
11 hours ago
- Business
- Time of India
Alibaba launches new Qwen3 AI models for Apple's MLX architecture
The new models would be able to run on a range of Apple devices, including iPhone, iPad, MacBook and Mac, Alibaba said. Tired of too many ads? Remove Ads China's tech giant Alibaba has launched new Qwen3 artificial intelligence models for Apple's MLX architecture, Alibaba said in a statement on new models would be able to run on a range of Apple devices, including iPhone Mac Book and Mac, Alibaba said in a post on Wechat.
Business Times
18-05-2025
- Business
- Business Times
Timing not right yet for overhaul of China home sales market: state media
THE timing for a nationwide housing market reform that would only allow developers to sell completed properties is 'not mature', according to China Real Estate Business, an outlet managed by China's Ministry of Housing and Urban-Rural Development. At least 30 cities in China have released documents on testing the idea of only permitting sales once units are finished, but a rush to implement such an overhaul at a national level would put operational pressure on local builders and subdue interest in land auctions, the state media said in an article posted on its official Wechat account on Sunday (May 18) morning. The post was removed in the afternoon. Successful measures to boost home sales still require more testing in different cities, with support from the financial system and tax policies, the article added. Bloomberg reported earlier this month that China is mulling a dramatic shift in its current home-sales model across the country, requiring developers to offer only completed properties instead of using the pre-sales model that exacerbated the housing crisis, according to people familiar with the matter. The country has been trying to revive its property sector after a years-long meltdown, which has weighed on broader consumption and employment. While the housing sector has picked up modestly on the back of government support, upticks are mostly in the resale market, as buyers remain concerned about developers' ability to finish projects on time. BLOOMBERG
Business Times
18-05-2025
- Business
- Business Times
Timing not right for China home-sales overhaul: state media
THE timing for a nationwide housing market reform that would only allow developers to sell completed properties is 'not mature', according to China Real Estate Business, an outlet managed by China's Ministry of Housing and Urban-Rural Development. At least 30 cities in China have released documents on testing the idea of only permitting sales once units are finished, but a rush to implement such an overhaul at a national level would put operational pressure on local builders and subdue interest in land auctions, the state media said in an article posted on its official Wechat account on Sunday (May 18) morning. The post was removed in the afternoon. Successful measures to boost home sales still require more testing in different cities, with support from the financial system and tax policies, the article said. Bloomberg reported earlier this month that China is mulling a dramatic shift in its current home-sales model across the country, requiring developers to offer only completed properties instead of using the pre-sales model that exacerbated the housing crisis, according to people familiar with the matter. China has been trying to revive its property sector after a years-long meltdown, which has weighed on broader consumption and employment. While the housing sector has picked up modestly on the back of government support, upticks are mostly in the resale market, as buyers remain concerned about developers' ability to finish projects on time. BLOOMBERG
Straits Times
12-05-2025
- Business
- Straits Times
China's official media welcome US tariff deal, others sceptical
FILE PHOTO: A drone view shows shipping containers from China at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025. REUTERS/Mike Blake/File Photo China's official media welcome US tariff deal, others sceptical BEIJING/ HONG KONG - A tariff deal between the United States and China on Monday was greeted with scepticism on Chinese social media, while official commentary welcomed the news. Speaking after talks with Chinese officials in Geneva, U.S. Treasury Secretary Scott Bessent said the two sides had agreed a 90-day pause and tariffs would be reduced by over 100 percentage points to a 10% baseline rate. "I'm just afraid that Trump might change his mind at any time, after all he is not normal," one user called Qijie wrote on China's social media platform Weibo. "Those Americans, especially that fool Trump, are simply not trustworthy! Beware of their fickleness," said another user called Wu. Both posts generated thousands of likes. Since taking office in January, U.S. President Donald Trump has increased tariffs paid by U.S. importers for goods from China to 145%, in addition to those he imposed on many Chinese goods during his first term and the duties the Biden administration levied. China responded with export curbs on some rare earth elements, vital for U.S. manufacturers of weapons and electronic consumer goods, and by raising tariffs on U.S. goods to 125%. Behind closed doors, Chinese officials had grown alarmed about the economic impact of tariffs and the risk of isolation as China's trading partners started negotiating deals with Washington, according to three officials familiar with Beijing's thinking. As Chinese state media praised the deal, a commentary by public broadcaster CCTV said the meeting between China and the U.S. in Geneva was "balanced and beneficial to both sides". "The atmosphere of the talks was candid, in-depth and constructive and substantial progress was made and important consensus was reached," it said on Tencent's Wechat social media platform. Chinese commentator Hu Xijin, a former editor of state newspaper Global Times, said on his Wechat account the joint statement from China and the U.S. was historic. China and the U.S. "can handle major disputes in an equal and mutually respectful manner," he said, adding the result was "also a victory for international trade rules and due order". REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
12-05-2025
- Business
- The Star
China's official media welcome US tariff deal, others sceptical
BEIJING/HONG KONG (Reuters): A tariff deal between the United States and China on Monday (May 12) was greeted with scepticism on Chinese social media, while official commentary welcomed the news. Speaking after talks with Chinese officials in Geneva, US Treasury Secretary Scott Bessent said the two sides had agreed a 90-day pause and tariffs would be reduced by over 100 percentage points to a 10% baseline rate. "I'm just afraid that Trump might change his mind at any time, after all he is not normal," one user called Qijie wrote on China's social media platform Weibo. "Those Americans, especially that fool Trump, are simply not trustworthy! Beware of their fickleness," said another user called Wu. Both posts generated thousands of likes. Since taking office in January, US President Donald Trump has increased tariffs paid by US importers for goods from China to 145%, in addition to those he imposed on many Chinese goods during his first term and the duties the Biden administration levied. China responded with export curbs on some rare earth elements, vital for US manufacturers of weapons and electronic consumer goods, and by raising tariffs on US goods to 125%. Behind closed doors, Chinese officials had grown alarmed about the economic impact of tariffs and the risk of isolation as China's trading partners started negotiating deals with Washington, according to three officials familiar with Beijing's thinking. As Chinese state media praised the deal, a commentary by public broadcaster CCTV said the meeting between China and the United States in Geneva was "balanced and beneficial to both sides". "The atmosphere of the talks was candid, in-depth and constructive and substantial progress was made and important consensus was reached," it said on Tencent's Wechat social media platform. Chinese commentator Hu Xijin, a former editor of state newspaper Global Times, said on his Wechat account the joint statement from China and the United States was historic. China and the United States "can handle major disputes in an equal and mutually respectful manner," he said, adding the result was "also a victory for international trade rules and due order". – Reuters
