Biz Today
Biz Today
China Plus
It's a weekly business talk show, discussing most important economic and business events both in China and around the world.
OpenAI reveals new Artificial Intelligence tool “Sora”
China’s central bank has cut its benchmark five-year mortgage rate by 25 basis points. What does it mean for the property sector? And what does it mean for the economy this year (00:38)? Open AI has revealed a new Artificial Intelligence tool called “Sora.” What does the latest leap in AI mean for different industries? How should people prepare for it (17:57)?
Feb 23, 2024
27 min
What are the main drivers for China's digital finance and digital economy?
Chinese consumers have flexed their spending power during this year’s Spring Festival holiday (00:40). China's digital finance has gone global, enabling tourists to travel abroad with "one wallet.”So, what are the main drivers for China's digital finance and digital economy? What does this growth say about China’s economic policy (15:20)?
Feb 15, 2024
27 min
What are the new trends in China’s Spring Festival consumption?
Across China, vibrant Spring Festival celebrations are underway as the nation reaches the pinnacle of its most important holiday season. The Chinese Lunar New Year is about homecomings. This year, Chunyun, or the Spring Festival travel rush, is expected to set a new record of nine billion passenger trips during the 40-day travel peak. Meanwhile, China's leading online shopping platforms also capitalize on the traditional high-spending season. So, what are some of the new trends in China’s Spring Festival tourism and consumption? What does all this say about the country's economy (00:38) ? We also take a look at global AI governance (19:40).
Feb 9, 2024
27 min
Can global economy avoid “hard landing” in 2024?
The International Monetary Fund has revised its outlook for the global economy this year. It now predicts global growth will hit 3.1 % in 2024. What’s the current situation of the global economy? What are some of the main challenges lying ahead? Can the international economy avoid a “hard landing"?(00:43) China urges breakthroughs in GPUs, robotics, and quantum computing to drive “future industries".(20:12)
Feb 2, 2024
27 min
Global shipping prices rising as Red Sea crisis deepens
Global shipping rates are rising as Houthi forces continue to attack ships in the Red Sea. Data shows that the cost of shipping from Asia to Northern Europe has surged 460% compared to mid-October. The IMF says maritime traffic through the Suez Canal is down 37% this year. What is the impact of the Red Sea crisis on global logistics and the economy (00:40)? The World Tourism Organization says global tourism will fully recover from the pandemic in 2024. What’s the driving force behind the rebound of tourism activity (18:38)?
Jan 26, 2024
27 min
China's economy grows by 5.2% in 2023
Chinese Premier Li Qiang has addressed the World Economic Forum, highlighting China's contribution to global economic growth (00:45). China's 2023 economic performance exceeded expectations, with GDP increasing 5.2%. What does this figure reveal about the overall economic landscape in China, and can we infer any specific trends or opportunities from this growth rate (17:58)?
Jan 19, 2024
27 min
What is behind tourism miracle in Chinese "ice city" Harbin?
China's "ice and snow city" Harbin is seeing an unprecedented influx of tourists. Many people from warmer parts of the country flock to the frosty North. What is behind this tourism miracle in Harbin? Is it part of a new driving force for the revival of China's Northeast region (00:39)? China plans to facilitate common prosperity through the digital economy (15:50).
Jan 12, 2024
27 min
China’s first home-built cruise ship sets sail on maiden voyage
China’s Caixin manufacturing PMI rose to 50.8 in December from 50.7 in November. Meanwhile, China's official PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.3 in December. How is Caixin manufacturing PMI different from the official PMI? What can it tell about China's manufacturing sector? And what’s the current situation of China’s economy (00:44)? The first home-built cruise ship in China sets sail on its maiden voyage (19:55).
Jan 5, 2024
27 min
What to expect for the world economy in 2024?
The world economy has weathered a lot of challenges this year. Many international institutions expect global growth to slow in 2024 due to elevated interest rates, higher energy prices, and geopolitical uncertainties. What has been happening for the global economy in 2023? What are the challenges expected ahead? Can technological advancements deliver new drivers for the global economy?
Dec 29, 2023
27 min
China's reform and opening-up 45 years on
This year marks the 45th anniversary of China's reform and opening up. It's also been ten years since China decided to deepen reforms. China is now the world's second-largest economy and the largest manufacturer. What does it mean when we talk about reform and opening-up? How has China's economy developed over the past 45 years(00:43)? We'll also look at ChatGPT. Nature magazine has included it among the top 10 most influential researchers of the year (16:43).
Dec 22, 2023
26 min
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