China’s low-altitude economy is experiencing rapid growth, with low-altitude tourism and air taxi services becoming increasingly popular among travelers. In recent years, the country has witnessed a surge in helicopter sightseeing trips, offering tourists unique perspectives of iconic sites like the Great Wall in Mutianyu and the Atlantis Sanya Hotel in Hainan. Low-altitude tourism has […]
China is aiming to foster the growth of a trillion-yuan ($138 billion) market for the low-altitude economy by 2030, with a focus on expanding business opportunities for companies involved in the sector. This ambitious plan includes the creation of over 20 replicable low-altitude economy application demonstrations by 2027, as outlined in a new guideline released […]
Despite global challenges in the electric vehicle (EV) market, Chinese startups are experiencing robust growth, particularly in their home market, the world’s largest and most competitive. Financial results from key new energy vehicle (NEV) startups—Li Auto, Nio, Xpeng, and Leapmotor—reveal strong performance in the third quarter of 2024, with optimistic projections for the future. Li […]
China is expanding its urban village renovation program to nearly 300 cities, up from 35, in a significant policy shift aimed at stabilizing the real estate sector and achieving the country’s annual growth targets, analysts said. The initiative, led by the Ministry of Housing and Urban-Rural Development and the Ministry of Finance, seeks to address […]
The 2024 Global Entrepreneurship Week (GEW) China is underway at Fudan University’s School of Management in Shanghai, attracting over 2,000 innovators worldwide to explore new avenues for transforming scientific and technological achievements into industry solutions. Running through November 24, the event, hosted by the Shanghai Technology Entrepreneurship Foundation for Graduates (EFG), features more than 50 […]
China is broadening its urban village renovation program to nearly 300 cities, up from the previous 35, in a major effort to stabilize the real estate sector and meet its annual growth targets. The policy, announced by the Ministry of Housing and Urban-Rural Development and the Ministry of Finance, will include a shift towards monetary […]
At the 2024 World Internet Conference Wuzhen Summit in Zhejiang province, the latest internet development reports highlighted China’s significant progress in the digital sector, solidifying its position as a global leader. According to the World Internet Development Report, China ranks second globally in internet development with a score of 69, just behind the United States. […]
Key Insights from Tech Leaders At the 2024 World Internet Conference Wuzhen Summit in Wuzhen, Zhejiang province, Chinese tech leaders and industry insiders are promoting artificial intelligence (AI) as the next transformative force in the country’s internet sector, with the potential to revolutionize industries and drive future economic growth. These discussions highlight AI’s central role […]
Qualcomm Inc. expressed confidence regarding its business prospects in China despite the incoming administration of President-elect Donald Trump. During an investor event on Tuesday, Qualcomm CEO Cristiano Amon stated that he did not foresee any major issues for the company’s operations in China, which represents 46% of its total revenue. Amon highlighted that previous U.S. […]
A new integrated refining and petrochemical complex in Fujian, China’s largest industrial investment in the province to date, marks a significant milestone in the growing energy collaboration between China and Saudi Arabia. The second phase of the Fujian Gulei project, a joint venture between China Petroleum & Chemical Corp (Sinopec), Saudi Aramco, and Fujian Petrochemical […]