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China to build smart automotive software industry through open source communities

China

China

China

China to build smart automotive software industry through open source communities

2024-06-19 16:10 Last Updated At:16:37

Automotive software plays a key role in driving the digital transformation of the auto industry, said an official with the Ministry of Industry and Information Technology (MIIT) on Tuesday in southwest China's Chongqing Municipality.

The city hosted the China's inaugural Intelligent Vehicle Software Ecology Conference from Monday to Tuesday, drawing to it over 500 experts, scholars and corporate representatives for in-depth discussions over topics such as automotive operating systems, chips, open source models, and the synergy of software and hardware.

"We plan to carry out open source projects in key areas such as intelligent driving, build high-quality open source communities, and establish an open source ecological community. We want to use open source models to promote the innovative development of basic software for smart cars," said Wang Yanqing, director of the MIIT's Department of Information Technology Development.

An official with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) pledged to promote the integrated development of the industrial chains of centrally administered state-owned enterprises (SOEs) and work with companies of all sizes that are involved in the supply chains and specialized and sophisticated small and medium-sized enterprises (SMEs) to build open source platforms.

"We will support the application of basic automotive software and automotive chips, accelerate iteration, and work with various entities to create an industrial ecosystem that is integrated and mutually beneficial to deliver win-win results," said Gou Ping, vice chairman of SASAC.

China to build smart automotive software industry through open source communities

China to build smart automotive software industry through open source communities

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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