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23.04.26 - 09:00
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Mainland China′s ultra-wealthy numbers rise as Hong Kong tipped for faster growth (SCMP)
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Mainland China's population of ultra-high-net-worth individuals (UHNWIs) – those with assets exceeding US$30 million – has grown by 23 per cent over the past five years to 121,677, and is projected to expand a further 18.8 per cent to 144,602 by 2031, according to Knight Frank.
Despite that growth, China's share of global UHNWIs edged down by one percentage point to 17 per cent this year and was expected to fall further to 15 per cent by 2031, as rapid wealth creation in the United States......
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23.04.26 - 07:54
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One ship, three deaths: the shocking truth behind working conditions on a Chinese trawler (The Guardian)
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Damning testimony from the crew of one tuna-fishing vessel has lifted the lid on the treatment of workers in the fleets supplying fish to the UK and EUAbdul was the first to fall sick, in February 2025, four months into his first ever stint on a longline tuna fishing vessel in the Indian Ocean. Told he was “weak” and “overreacting” by other crew members, he forced himself to keep working, even when he could barely stand, his legs swollen and bruised.In the months that followed, other crew members of the Tia Xiang 5, a Chinese vessel belonging to Shandong Zhonglu Oceanic Fisheries, a large state-owned fishing company, allegedly began to suffer similar symptoms: swollen, painful limbs and debilitating weakness, with some becoming very short of breath. They were offered no proper medical care, claims Abdul, 36, nor rest from the gruelling 16-hour days, for which they earned 4.6m Indonesian rupiah (about £198) a month. Continue reading......
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23.04.26 - 07:36
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Explained: Why China′s AI computing power looks 6,000x bigger (Times of India)
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China reports a staggering 1,882 exaflops of AI computing power, vastly exceeding global benchmarks and raising questions about hidden capacity. While metrics differ, adjusted figures still show significant advancement. This development, coupled with China's withdrawal from global rankings amid geopolitical tensions, suggests a rapidly narrowing gap with the US in AI infrastructure and capability....
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23.04.26 - 06:54
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AI-driven Hong Kong stock inflows from mainland China slow as investor options multiply (SCMP)
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Mainland Chinese investors have slowed their purchases of Hong Kong-listed shares this year after last year's record inflows, as more artificial intelligence investment opportunities have emerged in mainland markets, according to BNP Paribas.
Southbound inflows via the Stock Connect cross-border system have reached about US$30 billion so far this year, a slower pace than 2025, when they hit US$180 billion for the full year, according to the French bank. The deceleration reflected changing market......
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23.04.26 - 06:48
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Chinas Chip-Erfolge verändern die globale Tech-Branche (DW)
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US-Restriktionen bei Chips haben China dazu gezwungen, ein eigenes Halbleiter-Ökosystem voranzutreiben. Obwohl China im Hightech-Bereich noch hinterherhinkt, treibt seine Technologie große Teile der Weltwirtschaft an....
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