BEIJING – The second China International Supply Chain Expo (CISCE) will take place from Tuesday to Saturday in Beijing, bringing together industry leaders, experts, and innovators from around the world to promote global cooperation in industrial and supply chains. The expo, the world’s first national-level exhibition focused on supply chains, aims to connect the world […]
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 […]
Experts at national think tanks have indicated that China’s economy is on track for a “V-shaped” recovery, driven by swift policy measures and upcoming spending plans aimed at consolidating momentum. Wu Sa, a senior researcher at the Chinese Academy of Macroeconomic Research, affiliated with the National Development and Reform Commission, expressed optimism that the combination […]
A green mobility revolution is taking place on the streets of Sao Paulo, Brazil, where the hum of traditional gas engines is being replaced by the silent glide of New Energy Vehicles (NEVs). At the forefront of this transformation are Chinese-made NEVs, which are rapidly gaining market share across Brazil and other Latin American countries. […]
Officials and industry experts emphasized the increasing importance of multilateral financial cooperation to tackle pressing global challenges, such as climate change, and drive economic growth amidst growing uncertainties. During the second G20 Finance Ministers and Central Bank Governors Meeting in April, ministers and governors stressed the need to reinforce the financing capacity of multilateral development […]
China’s fiscal revenue continued its upward trajectory in October 2024, with a 5.5% year-on-year increase, according to data released by the Ministry of Finance on Monday. The increase in revenue highlights the country’s sustained economic recovery, with tax revenue specifically rising by 1.8% from the previous year. Breakdown of Fiscal Performance Fiscal Expenditure On the […]
China’s parcel delivery sector has reached a monumental milestone in 2024, handling a record 150 billion parcels as of Sunday afternoon. This significant achievement underscores the country’s economic strength and the growing efficiency of its logistics and e-commerce infrastructure. The Milestone and Its Symbolism The 150 billionth parcel, a box of apples from Tianshui in […]
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” […]
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 […]