China’s economy is poised to maintain its recovery momentum through the remainder of 2024, with the National Development and Reform Commission (NDRC) expressing confidence in the country’s policy toolkit to support sustained growth. The NDRC, China’s top economic planner, stated on Tuesday that the government’s strategic measures are helping the country stay on track to […]
China is accelerating its capital market opening-up efforts with a renewed focus on deepening connectivity programs between the Chinese mainland and Hong Kong. The goal is to inject greater vitality into the markets and support the country’s high-quality economic growth, according to officials and industry experts. New Round of Reforms for Deeper Integration During a […]
China’s parcel delivery sector has reached a monumental milestone in 2024, handling a record 150 billion parcels as of Sunday afternoon. This significant achievement underscores the country’s economic strength and the growing efficiency of its logistics and e-commerce infrastructure. The Milestone and Its Symbolism The 150 billionth parcel, a box of apples from Tianshui in […]
The Carol & Prince Arheghan Foundation, in partnership with the Bank of Industry, is proud to announce the upcoming Business Summit ’24, themed “Building a Sustainable Business Model in a Challenging Economy.” This transformative event is scheduled to take place on November 30th, 2024, at the Emmunah Conference Center, 53 Oguntade Road, off Shasha Road, […]
GENEVA — China’s rate of innovation is rapidly accelerating, cementing the country’s position as a global leader in the tech industry, according to Paddy Cosgrave, CEO and co-founder of the Web Summit. In a recent interview with Xinhua, Cosgrave highlighted that despite a decline in venture capital investment globally, Chinese startups continue to thrive and […]
China State Shipbuilding Corporation (CSSC) Shanghai Waigaoqiao Shipbuilding Co Ltd has made history by becoming the first Chinese shipbuilder to surpass 100 million deadweight tons (DWT) in total ships completed. The milestone was achieved with the delivery of the Floating Production, Storage, and Offloading (FPSO) vessel “Jaguar” to Netherlands-based SBM Offshore on Thursday. The “Jaguar” […]
At the 2024 Global Digital Trade Conference held in Wuhan, Hubei province, Wei Jianguo, China’s former vice-minister of commerce, called for China to accelerate its efforts to lead global digital trade. He emphasized the importance of further opening up the economy, enhancing innovation capabilities, and strengthening international cooperation to capture a larger share of the […]
Three or four decades ago, multinational corporations (MNCs) adopted a relatively straightforward approach when expanding into China. They would import successful products from international markets and have local factories produce them for the Chinese consumer. This model was effective due to the massive scale of the Chinese market, which offered substantial growth opportunities. Over time, […]
The G20 Summit in Rio de Janeiro has been highlighted as an important venue for fostering global consensus and bridging differences, particularly in the context of entrepreneurship and sustainable development. According to Gao Jian, director of the Entrepreneurship Research Center on G20 Economies at Tsinghua University, the summit will play a crucial role in creating […]
United States-based smart building solutions provider, Johnson Controls, has reaffirmed its dedication to China, highlighting the significant growth opportunities emerging from the country’s ongoing digital transformation and its drive toward green, sustainable development. As the company marks nearly three decades of operations in China, it sees a bright future in the rapidly evolving market. A […]