“We are proud to deliver, on time, … CRRC’s first subway cars built in the United States.” JIA BO, chairman and president of China Railroad Rolling Stock Corp. “Major bike-sharing participants like Ofo invested heavily in the rapid market expansion and left less room for refined management and maintenance, making it difficult to drive to…
Bernardo Cabot first arrived in Shanghai in 2010 when he was sent by the Spanish hotel group, Melia Hotels International, to establish a presence in the Chinese market. The city was hosting the World Expo and the senior hotelier sensed the direction of the country’s development. “China knew very well what it wanted to be…
Source EUROSTATHighlights China Trade Q1China’s trade surplus contribution from the EU-USA bloc combined increasesChina’s trade with the EU-USA bloc increases as a percentage of China’s total trade in Q1China’s imports from the EU-USA bloc decrease as a percentage of total imports to ChinaChina’s exports to the EU-USA bloc remain the same as a percentage of…
Automakers, tech giants and governments are all racing to new tech horizons The Chinese government said it is paying great attention to intelligent vehicles and considers their development vital to easing the burden on transportation, energy consumption and environmental pollution, a top official said. “By 2020, the market scale of the country’s intelligent connected vehicles…
EU27 imports from China were down 11% in February. In the first two months of 2024, imports from China decreased to €74 billion from €90 billion a year earlier, marking a 17%% drop in imports by value.EU27 exports to China were down 13% in February. In the first two months of 2024, exports to China…
If we recall correctly, Slovakia is the country with the highest car production per capita. About eight percent of the total car exports from Slovakia are aimed at China, with Volkswagen as the second-largest employer in the country. Sources claim that the Gotion group will open a battery factory in Šurany, approximately 100 km away…
Innovation, technology are bright spots for China, showing an increase of 11.8 percent year-on-year China’s economy can maintain steady and healthy development in 2019, although November’s economic data indicate that downward pressure is piling up, the spokesman for the National Bureau of Statistics said on Dec 14. The spokesman, Mao Shengyong, said at a news…
The name of the game is maintaining a deficit with suppliers of essential commodities while flooding the world with its own manufactures, whether other nations like it or not. The supply side will continue at full throttle to keep unemployment at bay.Source China CustomsAccording to Xinhua, the main agenda of the third plenum will focus…
Vice-President Dombrovskis at the opening of the High-Level Forum on Global Non-Market OvercapacityWhile temporary surpluses are a natural part of business cycles, harmful overcapacity linked to non-market policies, especially on a global scale, distorts markets and undermines economic stability across a range of sectors(…)Make no mistake about it. Global non-market overcapacity is a significant threat.The…
Chinese tourists are increasingly exploring options that combine health with their holiday experience As the serene northern city of Chiang Mai, Thailand, stirs from its slumber and the first wisp of sunlight shines on the famous Buddhist temple Wat Phra Singh, Lin Yi is ready to begin his early morning run. “The feeling you get…