China and the European Union are reportedly nearing an agreement on the EU’s imposition of additional tariffs on Chinese-made electric vehicles (EVs), a development that analysts believe could help prevent further escalation of trade tensions between the two economic giants. A potential compromise would benefit the EV industry on both sides while strengthening the broader […]
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’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 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 […]
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 […]
The seventh China International Import Expo (CIIE), which concluded in Shanghai on Sunday, served as a critical platform for multinational corporations seeking business opportunities in the world’s largest consumer market. The event also provided a space to foster innovation and collaboration, underscoring China’s commitment to providing new growth opportunities through reform-driven development. Key Highlights of […]
China’s National Development and Reform Commission (NDRC) has announced that work-relief programs implemented by local governments have successfully created 2.45 million jobs for low-income workers in the first three quarters of 2024. This marks a 30.2% increase year-on-year, demonstrating the effectiveness of these initiatives in boosting employment amid ongoing economic challenges. The programs, which focus […]
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 […]
Beijing, China — The express delivery sector in China has reported remarkable growth in the first three quarters of 2024, with revenue exceeding 1 trillion yuan ($140 billion), marking a year-on-year increase of 14.1%, according to the State Post Bureau. During this period, the volume of express deliveries reached 123.77 billion packages, reflecting a significant […]
Beijing, China – October 16, 2024 – China’s Ministry of Finance is set to roll out a comprehensive package of targeted policy measures aimed at stabilizing economic growth, expanding domestic demand, and mitigating financial risks. The new policies will primarily focus on supporting local governments, revitalizing the property market, and enhancing the credit capacity of […]