Search results for Guangdong
Crypto
China steps up digital yuan expansion, puts steady rollout in next five-year plan
The People\'s Bank of China has formalised a policy to develop the digital yuan steadily over the next five years, naming it a key task in its 15th five-year reform and development plan. The plan puts the digital yuan among priorities for financial infrastructure and central bank services reform, alongside payment-system improvements and tighter anti-money laundering rules. It also sets out steps to expand cross-border use, build payment networks and develop offshore yuan markets.
Industry
BYD to hire 9,000 at two China plants as overseas sales outpace domestic demand
BYD is hiring about 9,000 new workers at production bases around Shenzhen and Shantou in China’s Guangdong province, as it moves to expand capacity amid rapidly growing overseas sales. Recruitment will cover an Ebu parts plant and a Xiaomo vehicle plant, including multiple business divisions and production roles. The Sanshan auto industrial park is a key BYD hub producing models for domestic sales and exports. BYD’s June overseas sales rose 94.7 percent from a year earlier to 175,349 vehicles.
AI & Enterprise
China removes 14,000 AI products in sweeping cleanup amid race for AI dominance
China has begun a broad overhaul of artificial intelligence services, removing about 14,000 products from domestic networks for failing safety standards and regulatory requirements. Regulators also deleted more than 6 million items of illegal or harmful information and suspended over 26,000 accounts. Authorities are tightening pre-registration and safety obligations for AI services and preparing a second enforcement phase targeting misinformation, impersonation and other abuses. New rules on AI companion services take effect from July 15.
