China’s State-Owned Enterprises Lead in Innovation with Over $139 Billion Investment in R&D

China’s centrally-administered State-owned enterprises (SOEs) have significantly contributed to the nation’s technological advancements, investing over 1 trillion yuan (approximately $139 billion) annually in research and development (R&D) over the past two years, according to a recent report by the State-owned Assets Supervision and Administration Commission (SASAC). The report, which highlights the progress of SOEs in […]

CATL Considers US Plant if Trump Eases Investment Restrictions

Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle (EV) battery maker by installation, is open to building a manufacturing plant in the United States, provided that President-elect Donald Trump facilitates Chinese investment, according to media reports. In an interview with Reuters, CATL’s founder and chairman, Robin Zeng, revealed that the company had […]

Kenyan Farmers Turn to Bamboo for Flood Protection and Income Generation

In the flood-prone regions of western Kenya, farmers like Francis Mayobo are finding hope through an innovative solution: bamboo. For decades, Mayobo’s farm along the Nzoia River, which flows from Kenya’s northwestern highlands into Lake Victoria, was repeatedly devastated by floods, destroying his crops and pushing him to the edge of poverty. But four years […]

China to Strengthen Global Cooperation, Create Development Opportunities for All: Diplomat Li Hongwei

China to Strengthen Global Cooperation, Create Development Opportunities for All: Diplomat Li Hongwei At the First Asia-America-Europe Business Cooperation Development Forum in Bali on November 3, Li Hongwei, Minister Counsellor at the Chinese Embassy in Indonesia, emphasized China’s commitment to accelerating its modernization process, which, he said, will create more development opportunities for countries worldwide. […]

COMAC Secures Major Orders for China-Made Aircraft at Zhuhai Airshow, Paving the Way for Commercialization

Shanghai-based Commercial Aircraft Corporation of China (COMAC) has secured a series of new orders for its domestically developed aircraft at the 15th China International Aviation and Aerospace Exhibition (Zhuhai Airshow), marking a significant milestone in the industrialization and commercialization of China-made aircraft. The exhibition, which kicked off on Tuesday and will run through Sunday in […]

World Internet of Things Exposition 2024 Kicks Off in Wuxi, Highlighting IoT’s Transformative Role

November 12, 2024 — The World Internet of Things (IoT) Exposition 2024 opened in Wuxi, Jiangsu province, on November 11, drawing global industry leaders, tech innovators, and experts to explore the latest advancements in IoT technologies, applications, and future trends. The event serves as a key platform for showcasing the transformative potential of IoT across […]

Guangdong Province Shows Robust Import Demand, Bolstering China’s Foreign Trade Growth

November 12, 2024 — South China’s Guangdong province has demonstrated a significant demand for major imported products in the first 10 months of 2024, reinforcing its position as China’s largest foreign trader. Official statistics released by the Guangdong Sub-Administration of General Administration of Customs of China (GACC) on Monday revealed a strong year-on-year increase in […]

China-Finland Business Summit Highlights Green Technology Cooperation Amid Geopolitical Tensions

November 12, 2024 — Despite global geopolitical uncertainties and the rise of protectionism, China and Finland are intensifying their collaboration in green technologies, which officials say will play a crucial role in driving sustainable growth globally. This message was prominently echoed during the 2024 Finland-China Business Summit held in Shanghai in late October, where Finnish […]

Chinese Consumers Drive Economic Recovery with Strong Demand for Premium Electronics During Singles Day

November 12, 2024 — China’s Singles Day shopping festival, the world’s largest online shopping event, has once again proven to be a key driver of the country’s economic recovery, particularly in the consumer electronics and home appliance sectors. This year’s event, which began in mid-October and reached its peak on November 11, saw a surge […]