News

Economy

The COVID-19 epidemic causes house prices in Spain to plummet

According to the Spanish newspaper ABC, the new COVID-19 epidemic has aggravated the economic crisis in Spain, the most evident thing is that real estate prices have begun to fall.

According to a related report presented by the University of Pompeya Fabra and the Tecnocasa Group this Tuesday, the coronavirus has aggravated the fall in property prices in Spain in the first half of this year. House prices continued to fall for two consecutive quarters from January to June (the largest decrease in the drop since 2013). The price of second-hand housing fell by 4.94% to approximately 2,245 euros per square meter.

Economy

China lowers its commitment to the electric car

China has decided to temporarily reduce its quotas designed to increase the production of electric cars with the aim of helping manufacturers make more gasoline and / or hybrid cars to revive a market that has been badly affected by the coronavirus pandemic. This measure will be in effect from 2021 to 2023.

New technologies

Cómo es el sistema de navegación chino BDS

With the latest satellite in the Beidou-3 system going into orbit, China took the final step to achieve global coverage of its own navigation system, BDS.

The Asian country seeks independence from the Global Positioning System, known by its acronym in English GPS, created and managed by the United States government and used almost everywhere in the world.

New technologies

New high-speed magnetic levitation train

Performance tests of the Chinese-made magnetic levitation (maglev) prototype, with a top speed of 600 km / h, started in Shanghai today.

The single-car test prototype can review and optimize key technologies and essential components of the high-speed maglev train system and lay the technological foundation for the next engineering prototype, according to CRRC Qingdao Sifang Co., the train manufacturer Based in the eastern Chinese province of Shandong.

New technologies

China consolida su superioridad en comunicaciones cuánticas

Quantum technologies have strong emotions in store for us. Of that there is no doubt. In October 2019, Google claimed to have achieved quantum supremacy because one of its research teams had managed to solve with a quantum computer in just 200 seconds a problem that would have taken 10,000 years for a classic supercomputer. Months later this milestone is still being discussed by some competing researchers, but what is really interesting is that it brings to the table the enormous potential that not only quantum computing in particular has, but also quantum technologies in general.

Economy

China made loans to poor countries

When the coronavirus started spreading across the globe last month, Pakistan's foreign minister called his counterpart in Bejing to make an urgent request: the country's economy was plummeting, so the government needed to restructure thousands of millions of dollars in loans from China.

Beijing has received similar requests from Kyrgyzstan, Sri Lanka, and several African nations that want to restructure their debt, extend payments, or forgive tens of billions of dollars in loans due this year.

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