The TECH86 Roundup (Feb. 15 – Feb. 28)
Every fortnight we compile a list of important news updates and events covering the Chinese FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.
People’s Bank of China Claims to Be World’s Leading Central Bank for Blockchain Patents, Via China Banking News.
The blockchain team from PBOC’s Digital Currency Research Institute recently released a report that PBOC currently ranks first among the world’s central banks in terms of blockchain related patent numbers.
Virus could hasten digital currency launch, Via China Daily.
Amid the outbreak, more people are choosing electronic payment rather than actual cash. Taking this opportunity, digital currency will accelerate its issuance and applications of government-backed digital currency in China.
China’s effort into launching digital currency takes the ramp with new patents, Via Fintechnews.
New reports have shown that China is ramping up developments in the Fintech sector with its central bank filing 84 CBDC-related patents.
China Aims to Transform Shanghai into International Finance Centre, Key Trials to Take Place in Lingang New Area, Via China Banking News.
The Chinese government has issued a new directive calling for the acceleration of Shanghai’s transfor mation into an international financial hub, with an especial focus on trials in the Lingang New Area.
China sees more banks using blockchain platform: central bank, Via Xinhua.
China saw more banks using the official blockchain platform for trade and finance as the country increased efforts to research and promote this frontier technology, said China’s central bank.
China’s digital revolution in bank lending, Via Fintechnews.
China has long recognized the importance of increasing small and medium-size enterprises’ access to finance; now, online banks have found the solution the country needs. This could be a boon not only for growth and innovation, but also for broader financial inclusion – in China and beyond.
China’s ecommerce giants deploy robots to deliver orders amid coronavirus outbreak, Via Techinaisa.
Chinese ecommerce giants are ramping up their deployment of robots to deliver orders in an effort to prevent the spread of the deadly Covid-19 disease through human-to-human contact.
Chinese manufacturers popular at global solar expo in Kenya, Via Xinhua.
Chinese solar product manufacturers were the main attraction for consumers at the 2020 global off-grid solar forum and expo that opened at Kenyan capital Nairobi on Tuesday.
Opportunity blows for offshore wind in China, Via CGTN.
U.S. and Chinese researchers have found that China’s offshore wind could significantly increase its wind capacity.
China to boost industry integration in rural areas in 2020, Via Agro News
China vowed to enrich commercial activities such as digital and smart agriculture with new technologies, including the internet of things, blockchain, artificial intelligence, 5G, and biotechnology.
China aims to achieve 50 pct husbandry mechanization rate by 2025, Via Xinhua.
China will fast-track the mechanization development of the husbandry sector, with an aim to achieve a 50 percent overall mechanization rate by 2025