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Economic Watch: Int l businesses eyeing China s resilient consumer market - Buz & Tech News

2021-05-05 08:51:17 GMT2021-05-05 16:51:17(Beijing Time) Xinhua English BEIJING, May 5 (Xinhua) China s effective containment of the COVID-19 pandemic and progress in vaccination have greatly boosted people s enthusiasm for domestic travel during the May Day holiday lasting from Saturday to Wednesday. Viewing the travel rush as a clear signal of the country s economic recovery, especially a pick-up in consumers sentiment, international businesses are shifting to e-commerce to seek fortune in China s online market, given that the coronavirus has brought overseas travel to a standstill. POST-PANDEMIC COMEBACK Passenger trips on Chinese railways hit a new single-day high on the first day of the International Workers Day holiday, with nearly 18.83 million trips recorded, up by 9.2 percent from the 2019 level.

Serving Society Through Scholarship

Schools highlight just a few of the ways their faculty are making a difference and their strategies for making impactful research the norm, not the exception. How are business schools promoting research that improves business practice and changes society for the better? What does such research look like in real-world contexts? And how are schools quantifying its true impact? Business school administrators and scholars are still working out how to respond to these complex questions, but the answers are becoming clearer. Not only have revised accreditation standards encouraged schools to place stronger emphasis on engagement and societal impact, but the pandemic has underscored, on an even larger scale, the important role that business research can play in helping humanity solve seemingly intractable problems.

Can online platforms have a net positive effect on the economy and society?

Written by Mihalis Kritikos, © Adobe Stock Existing economic theories, based on foundational notions of ‘markets’ and ‘firms’, may not be sufficient to correctly interpret the behaviour of online platforms. This was one of the main conclusions of the study ‘Online platforms: Economic and societal effects’, which was carried out by Professor Annabelle Gawer of Surrey Business School, University of Surrey, at the request of the STOA Panel, following a proposal from Member of the European Parliament, Eva Kaili (S&D, Greece), Chair of the Panel for the Future of Science and Technology (STOA). Online platforms, such as Google, Amazon and Facebook, play an increasingly central role in the economy and society. They have grown to an unprecedented scale, propelled by data-driven business models. Their rapid growth has caused concerns about market dominance and the widening information and power asymmetry between platforms and citizens, businesses and regulators. Online platfor

North American crypto miners prepare to challenge China s dominance – Cointelegraph Magazine

Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the world’s hashing power. These new ventures are acutely aware of the need to minimize mining’s carbon footprint. In March, when Neptune Digital Assets and Link Global announced they would develop a new five-megawatt Bitcoin mining facility in Alberta, Canada, for instance, Neptune CEO Cale Moodie cited the “substantial global pressure to develop

Interview: Foreign investors to see great opportunities emerging from China, says scholar - China News

Interview: Foreign investors to see great opportunities emerging from China, says scholar - China News
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