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How technology is changing rural China

Alex Wong | Staff | Getty Images An Alibaba employee demonstrates ‘Smile to Pay’, an automatic payment system that authorize payment via facial recognition In a nation of nearly 1.4 billion, ensuring there’s efficient health care and education is a tall order for China. Especially in some of the more remoter parts of the country. At the East Tech West conference in Nansha, Guangzhou, this week, business leaders, investors and experts contemplated how the country can effectively “equalize” these services for the whole nation. Indeed, the number of internet users…

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Watsa Shuns China as Fairfax Looks for Investment in India, U.S.

(Bloomberg) — Prem Watsa, the billionaire head of Fairfax Financial Holdings Ltd., sees plenty of opportunities for investment in the U.S. and his native India. He’s less interested in the other Asian powerhouse. “In China, we are less invested,” Watsa said in an interview with BNN Bloomberg Television Friday. “We like democracy. We like business-friendly policies.” Watsa, who emigrated from India 46 years ago, is most excited about the opportunities being created there due to the policies implemented by Prime Minister Narendra Modi. “He’s very business friendly and he’s got a great…

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China warns Donald Trump against approving US-Taiwan travel bill

“The so-called bill you mention, though not legally binding, severely violates the ‘one China principle’ as well as joint US-China communiques,” Chinese Foreign Ministry spokesperson Lu Kang said. BEIJING: The Chinese government on Friday warned that the US-Taiwan travel bill, which would allow US officials to travel to Taiwan for diplomatic missions, would severely damage ties between Washington and Beijing. The warning coincided with the deadline for US President Donald Trump to sign the bill into law or reject the legislation, Efe news agency reported. “The so-called bill you mention, though not legally binding, severely…

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India replaces China as top retail destination in 2017: Study

India has replaced China as the numero uno retail destination in 2017 as part of the global retail development index, according to industry experts. “India has replaced China this year as the top retail destination as part of the study on global retail development index,” AT Kearney partner Subhendu Roy said on the concluding day of the two-day India Retail Forum 2017. The change in ranking was an outcome of four factors including increased consumer spending, beyond essentials, rising mobile and internet penetration, favourable foreign investment climate and bold action…

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Indian assistant prof and solar energy expert selected as ‘young scientist’ to address BRICS meeting in China

Hyderabad An assistant professor of a city-based University of Hyderabad (UoH) has been selected as young scientist to participate in the second BRICS meeting, scheduled from July 11-15, at Hangzhou in China. Murali Banavoth, who recently joined as an assistant professor at School of Chemistry in UoH, will be addressing on the theme titled Solar Energy in the BRICS meeting, a release from the University said today. After obtaining his Ph D, from the Indian Institute of Science, Banavoth moved to King Abdullah University of Science and Technology (KAUST) as post-doctoral…

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WeChat Seeks Even More China Clicks With New Mini-Apps

In a cluster of refurbished Mao-era industrial buildings in Guangzhou, developers at China’s top messaging app, WeChat, are redesigning key parts of its product to spread its tentacles to just about every aspect of Chinese life. Around 1,500 developers, mainly twentysomething males, have been tasked with increasing user engagement through new ‘mini-programs’ on WeChat that look and operate much like apps on Apple Inc’s iOS and Google’s Android operating systems – but are far less data-intensive. WeChat, owned by Tencent Holdings, says it’s not a direct challenge to the dominant…

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