Su said 87 percent of Kuaishou's users are of the post-90s generation. The app recommends personalized content to users based on their browsing history and preferences with the help of artificial intelligence technology and sophisticated algorithms.
Su Jia, president of CMC Pictures, pointed out that the Chinese film industry is still at its embryonic phase, which will pave the way into the North American market.
Such a move has prompted the banned Chinese tech companies to step up their push to nurture local chip suppliers and beef up their own semiconductor manufacturing prowess.
Subtly we are reaching a point where these barriers are dissipating and pretty rapidly. Most of the pieces are now coming into place to realize the commercial goals targeted by interactive television. Namely the easy transition from advertisement to sale.
Su Quanke, a national political advisor, said he is confident about realizing the goal, considering the remarkable progress made so far.
Such tainted products should be banned from sale in any form, says leading Chinese antique dealer Ma Weidu.
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Such actions were not to decouple from China's financial sector but to suppress Chinese companies that pose a challenge to US competitors. Washington aims to prevent Chinese enterprises from participating in areas related to the so-called national security, hoping to maintain the US companies' international competitiveness through improper means.
Still, there are other challenges ahead. Commercial satellite operators have to undergo a long process in accordance with China's Ministry of State Security and the United Nations' International Telecommunications Union for a designated signal frequency.
Such reforms will play a supporting role in increasing economic growth and employment opportunities, Li said at a national teleconference focused on administrative streamlining.
Students from Shanghai perform for “Happy Chinese New Year-Shanghai Week” in New York on Tuesday. HONG XIAO / CHINA DAILY