Big Money Heads to China
China remains a popular destination for overseas investors, with a surge in foreign direct investment (FDI) during the January-April period.
FDI into the Chinese mainland, in actual use, rose 38.6 percent year on year to 397.07 billion yuan (about 61.45 billion U.S. dollars) in the first four months of this year, the Ministry of Commerce said on Thursday.
The volume increased 30.1 percent from the same period in 2019.
Foreign investment in the services industry soared 46.8 percent year on year to 312.94 billion yuan, with foreign investment in the high-tech services sector up 34 percent.
From January to April, investment from the Association of Southeast Asian Nations expanded 65.2 percent year on year, and investment from countries along the Belt and Road and the European Union respectively rose 62.8 percent and 9.2 percent.
The foreign investment actually used by China's eastern, central and western regions increased by 39.1 percent, 37.5 percent and 30.3 percent, respectively.
Industry professionals attributed the sustained upward momentum in foreign investment to the country's solid economic base and consistent opening-up measures, showing foreign investors' confidence in China's economic development.
They suggested China should open up further and stabilize foreign investment, given the changes in the external environment.
AI is the Neat Handwriting of the Illiterate
A model in the hands of someone who has read the filing and walked the plant is a clerk. The same model, speaking for someone who has done neither, is a disguise. On AI slop, phantom citations and factslop, why finish stopped being evidence of work, and the containment layer KXCO built so a machine cannot speak as the institution until a source is attached.
Worthship: Do Not Conform to the Age
Worthship is the older English word for worship, and it means to ascribe worth. Bishop Robert Barron preached Romans 12 on 30 August. This essay follows the text into the prison letters, and puts two questions to a graph: do the four readings of that Sunday agree, and was Paul free or in chains when he wrote about despair?
The Truth in All Its Ugliness Must Survive
A majority vote does not determine the truth. Consensus is a mood, gossip is a sport, and a model will write the pretty version for free. Why the ugly number has to survive, why a record beats a dashboard, and what KXCO was built to keep standing when the room changes its mind.
Don't Be the Best, Be the Only: Winning in an AI World
AI is repricing competence downward. What it cannot reproduce is a life. The case for remaining non-fungible, why friction still produces the best ideas, and what it means to build AI systems that keep the human intellect in them.
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.