BEIJING (Aug 16): China almost quadrupled the value of fixed-asset investment projects approved in July as Beijing looks to accelerate infrastructure spending to boost the cooling economy.
China gave the greenlight to 17 fixed-asset investment projects in July, worth a combined 77.69 billion yuan ($11.24 billion), Zhao Chenxi, an official at the National Development and Reform Commision (NDRC), told reporters on Thursday.
That compared with approvals for 20.8 billion yuan of spending in June, Reuters calculated from official data.
The joint venture with the Chinese healthcare unicorn aligns with the ride-hailing company’s ambitions to create an “everyday” app Southeast Asian ride-hailing giant Grab has partnered up with Chinese healthcare and insurance unicorn Ping An Good Doctor to provide online healthcare services on its platform. The joint venture will see GrabPlatform offer an array of […]
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The mysterious Satoshi Nakamoto is often credited with inventing blockchain – the tech behind the recent cryptocurrency and decentralization boom. But long before Nakamoto published his seminal paper that shaped Bitcoin as we know it, Ripple chief technology officer David Schwartz had already come up a similar concept. Almost 30 years ago on August 25, 1988, Schwartz filed a patent for a “multilevel distributed computer system” that would “preferably” run on “personal computers.” The technology was designed to leverage the combined processing power of numerous devices to accomplish singular tasks. Three years later, Schwartz was eventually granted the patent. While the… This story continues at The Next Web