China already leads the world in industrial robots, accounting for 52% of all new robots installed in 2022. Now, the focus is on humanoid robots powered by artificial intelligence (AI). These robots look and move like humans; and are capable of doing tasks just like us - or even better.
Why is China betting big on robots? President Xi Jinping wants to boost the economy by focusing on new quality productive forces, which includes robotics, flying electric vehicles and biotech. With China’s shrinking labour force, could robots be the answer for future economic growth?
Being the gateway of China, Shanghai suffered during the Covid lockdowns. But it also benefited when the country pushed to re-engage with the world. As China offers longer visa-free entries to more countries, Shanghai’s attractions are filled with foreign tourists again. But the tourist numbers only tell half the story.
Since the draconian Covid lockdowns, Shanghai has been fully open for business for more than two years now. But the chunk of the expat community it lost has never really returned. Are Shanghai’s heydays on the international stage as a cosmopolitan global hub behind it?
Home-grown socks brand Talking Toes was once dead in the water. Its director Lucas Saw tells CNA TODAY how he revived the business by seeking to warm not just people's' feet, but their hearts as well.
As inflation cools considerably, prices for items like gasoline, used cars and energy have all declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. 86% of consumers reported feeling frustrated with rising grocery prices, and over a third said they have resorted to buying fewer items to save money. Despite campaigning on grocery prices, President-elect Trump also acknowledged it might be ‘hard’ to bring down grocery prices. So why are food prices still so high? And can anything be done to bring the cost down?