Latest news with #hi-tech
South China Morning Post
10 hours ago
- Business
- South China Morning Post
China's shipments of hi-tech goods to EU surge as its exports to US plunge
China's shipments of hi-tech goods to the European Union went into overdrive last month, coinciding with a big drop in exports of the same goods to the US, suggesting that the superpower trade and tech wars could be affecting trade with Europe. Calculations based on recently published Chinese trade data showed that China in May exported huge amounts of batteries, laptops, smartphones and solar panels to the 27-member bloc, sending import numbers for some countries to unprecedented levels. China's exports to Estonia soared 79.4 per cent in May compared to last year, and for Cyprus the number was 70.5 per cent, with 46.7 per cent in Bulgaria and 42 per cent in Hungary. The boom continued in bigger EU markets as France's imports shot up 24.2 per cent, Germany's 21.72 per cent and Sweden's 20.4 per cent. With many EU markets enduring falling exports to China, the cumulative impact was a 22 per cent increase in the union's trade deficit with the world's second-largest economy in May. Lithium-ion battery exports across the EU surged by 52 per cent from a year earlier. Photo: Shutterstock
South China Morning Post
11-06-2025
- Business
- South China Morning Post
China plans to turn Shenzhen into AI and aviation hub amid US sanctions
China has outlined a string of reforms to accelerate the development of hi-tech emerging industries in the city of Shenzhen, as the tech hub in southern China grapples with a barrage of US trade restrictions. The plan focuses on boosting Shenzhen's ability to create scalable business models in industries such as artificial intelligence and aviation that can be replicated across China, by helping the city cultivate a larger talent pool, expand local companies' access to financing, and speed up the deployment of cutting-edge technologies. 'We will deepen reforms and expand openness from a higher starting point, with elevated standards and more ambitious goals, to create fresh, replicable experiences for broader adoption,' stated a document jointly released by top organs of the Chinese government and ruling Communist Party on Tuesday. Shenzhen has been at the forefront of China's economic development for decades, leading the country's first wave of economic liberalisation in the late 1970s before evolving into a factory hub and then an incubator for hi-tech start-ups. The former fishing village is now home to nearly 18 million people and a string of powerhouse companies, including telecoms giant Huawei Technologies, drone maker DJI, electric vehicle leader BYD and internet behemoth Tencent.
Daily Mail
16-05-2025
- Daily Mail
Shocking moment car thieves use hi-tech gadget to steal £44,000 Mercedes from outside owner's home - as keyless raid is caught on doorbell camera
A £44,000 Mercedes was stolen off the driveway of the owner's home after two thieves used a hi-tech gadget to start the motor. The innovative duo used a signal relay device to steal the Mercedes S Class in the middle of the night. Doorbell footage shows one of the men making his way towards the house while the other stood by the car. Mindaugas Grizas, 36, and Lukas Zvirgzdys, 18, successfully stole the car for a mere 12 minutes. When breaking into the vehicle a large engine noise alerted the owner to the theft. The owner of the car called the police from their home located in Breckland, west of Norwich, Norfolk. The call was made at 2:30am on April 7, 2025. Officers for the Norfolk Constabulary stopped the car just 12 minutes later where they found the passenger still wearing a balaclava. Mindaugas Grizas, 36, was sentenced to one year and four months imprisonment and a two year disqualification from driving The device was found in the footwell alongside a GPS jammer that was still transmitting. The duo were arrested at the scene and charged later that day with multiple offences. Grizas from Thetford and Zvirgzdys of Hillburn Road, Wisbech were charged with stealing the car and using apparatus to interfere with wireless telegraphy. The 36-year-old was also charged with driving without insurance and driving while disqualified. The pair appeared at Norwich Magistrates Court the following day where they both pleaded guilty. On May 12, both men appeared in Norwich Crown Court for sentencing. Grizas was sentenced to one year and four months imprisonment and a two year disqualification from driving. Zvirgzdys was jailed for a year, suspended for 18 months, and ordered to carry out 200 hours of community service. Sergeant Gary Morris, of Norfolk Police's Breckland District Crime Unit said: 'This is a timely reminder to take simple steps to keep your vehicle safe.' Keyless technology, once the preserve of expensive high-end vehicles, has become commonplace among more affordable family cars. These gadgets let criminals pick up the signal from a car's keyless fob lying inside the owner's home, and extend this signal to unlock the car and start it. The vehicle's security system is tricked into thinking the key fob is present. He added: 'The easiest thing to do if you have "keyless" technology is to buy a faraday box or pouch which you can get cheaply and easily online. 'This blocks the signal from the keys meaning it can not be picked up by a relay device outside your home.'
