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 […]
As China continues its economic rebound and focuses on innovation, the country is emerging as a key market for advanced manufacturing technologies, offering vast opportunities for global players like KraussMaffei, a leading provider of plastics and automation solutions. The company’s strong growth prospects in China are driven by the country’s expanding automotive, medical, and electronics […]
During the 29th Asian EXIM Banks Forum annual meeting held in Shanghai on Wednesday, officials and industry experts called for a more prominent role for Export-Import (EXIM) banks in driving economic growth across Asia, particularly amid the complex challenges of global market uncertainties and the region’s green transition efforts. The meeting, attended by top executives […]
China’s ongoing transformation and upgrade of traditional industries, combined with the expansion of emerging sectors, is creating significant growth opportunities for US manufacturers, according to executives from major US corporations. Despite geopolitical tensions and slowing global demand, these developments are seen as opening new avenues for American businesses to innovate and expand within China’s market. […]
China’s economy showed continued signs of recovery in October, bolstered by a series of incremental policy measures aimed at boosting market confidence, according to key economic data released by the National Bureau of Statistics (NBS) on Friday. Industrial output, a key indicator of activity in manufacturing, mining, and utilities, grew by 5.3% in October compared […]
