Meet the futuristic personal transportation vehicle coming to China and U.S. soon

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Leo Liu still remembers the first time he saw a “personal transportation” machine.

“I was an industrial engineering student at University of Florida, and I saw a group of people ride around campus standing completely upright on giant wheels,” he recalls. “They were Segways. I thought to myself, ‘those are very cool, but they’re a bit bulky and unwieldy.”

Continue reading… “Meet the futuristic personal transportation vehicle coming to China and U.S. soon”

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China will experiment with using blockchain to collect taxes

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The Chinese government has announced that it plans to start using blockchain technology for collecting taxes and issuing electronic invoices. It’s currently unclear exactly how that will work, but it could dovetail nicely with other digitization plans in the country. We’ve previously reported that China’s central bank is testing its own digital currency, and while that won’t necessarily be based on blockchain, it could still be neatly combined with a new approach for issuing invoices and collecting payments.

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In Urban China, cash is rapidly becoming obsolete

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SHANGHAI — There is an audacious economic phenomenon happening in China.

It has nothing to do with debt, infrastructure spending or the other major economic topics du jour. It has to do with cash — specifically, how China is systematically and rapidly doing away with paper money and coins. Continue reading… “In Urban China, cash is rapidly becoming obsolete”

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Era of the robots

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Donald Trump tends to present the labor market as a zero-sum game: companies have shifted production to China and other emerging markets. He’s going to bring those jobs home. Put aside for a moment how moving jobs back to a country with high costs gives companies an incentive to automate. There’s a bigger problem: After displacing U.S. manufacturing workers, robots are poised to do the same in developing economies, too. It will be hard to re-shore jobs that no longer exist.

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This is The First Car That Could Challenge Tesla’s Electric Dominance

Chinese-backed Atieva plans to debut the Atvus sedan before the end of the year.

Over the last few months, we’ve been entertained by Edna, a Mercedes Metris work van with a 900-hp electric drivetrain developed by Chinese-backed electric car company Atieva. Edna notably beat a Ferrari 458 Speciale, Tesla Model S, and Nissan GT-R in a drag race, which has generated excitement around its mysterious creators.

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