China has expressed strong opposition to the United States’ newly implemented investment restrictions targeting its high-tech sector, warning that it will take countermeasures if necessary. The U.S. Treasury Department finalized a rule on October 29 aimed at preventing U.S.-based individuals and companies from investing in a range of advanced technologies in China. A spokesperson for […]
China has strongly opposed the European Union’s decision to impose additional tariffs on electric vehicles (EVs) manufactured in its market, with the Ministry of Commerce pledging to take all necessary measures to protect the interests of Chinese companies. The tariffs, announced by the European Commission on Tuesday, will come into effect on Thursday and will […]
As economic cooperation deepens, Guangxi’s geographical advantages—its land and sea links to ASEAN—have significantly boosted its fruit exports. In 2023, Guangxi imported agricultural products worth 16.71 billion yuan ($2.34 billion) from ASEAN, marking a 43.1% year-on-year increase. Local specialties like orah mandarins and sweet tangerines are gaining popularity in these markets, prompting more companies to […]
Shen Ji, a UK-educated professional, has embarked on an exciting new journey after eight years of working in Hangzhou. Earlier this year, she and her husband, Xi Yang, made the bold decision to return to her hometown in Moganshan, Deqing County, Huzhou, in East China’s Zhejiang province, to launch their own refrigerator magnet business. The […]
Economists are calling for a robust and proactive approach to macroeconomic policies as China seeks to build momentum heading into 2025. They emphasize the importance of capitalizing on rising expectations and improving confidence to foster economic growth. With a recent stimulus package announced, China’s economy is expected to show improvement in the fourth quarter, which […]
Wonderful Pistachios and Almonds LLC, the largest pistachio producer in the United States by both production volume and sales revenue, is set to bolster its sales network and supply chain operations to capture a larger share of the Chinese market. The company’s strategy comes in response to the growing demand among Chinese consumers for Western-style […]
SUBA Capital, an innovative membership microfinance platform, is proud to announce its selection to participate in the highly converted Edo Innovates Challenge – a Co-creation HUB (CcHUB) program, in collaboration with the Bill & Melinda Gates Foundation and the Edo State Government aimed at strengthening Edo State’s digital solutions ecosystem. This opportunity marks a transformative […]
The internationalization of the Chinese yuan (renminbi) is entering a critical phase marked by substantial progress and a favorable global economic environment. This transformation is driven by both long-term strategic goals and immediate market opportunities. Long-Term Strategic Vision China’s leadership has emphasized the importance of a strong local currency as a cornerstone of its financial […]
October 28, 2024 — The People’s Bank of China (PBOC) has initiated the first operation of the Securities, Funds and Insurance Companies Swap Facility (SFISF) as part of its strategy to enhance the role of financial institutions in stabilizing the capital market. The operation, which was conducted on Monday, involved a scale of 50 billion […]
October 28, 2024 — The State Power Investment Corporation (SPIC) announced that China’s largest offshore wind project has successfully connected to the grid and commenced operations in Shandong. This milestone marks the full-capacity operation of the 900 MW U1 offshore wind project, with the latest phase contributing an additional 450 MW. Located on the Shandong […]
