Workers assemble wind turbine wheels at a factory in Lianyungang Economic and Technological Development Zone, East China’s Jiangsu province, Feb 28, 2023. [Photo by Geng Yuhe/for China Daily] BEIJING – China’s small and medium-sized enterprises (SMEs) saw improved business performances between October and December 2024, according to a report from the China Association of Small…
While China touts its so-called new drivers of growth, the reality is that ‘cheap China’ is back. Exports of electric cars, batteries, and laptops are overshadowed by the surge in affordable products shipped abroad directly via platforms like AliExpress, Temu, Shein, TikTok, and others. These affordable items, shipped directly to consumers, have already become China’s…
On December 6, European Commission president Ursula von der Leyen and her counterparts from Mercosur countries finalized negotiations for the EU-Mercosur Partnership Agreement.The agreement still requires ratification from EU Member States, and not all are fully satisfied with it. After reviewing the next steps and final ratification procedures—considering the population weight of each member state—we…
Huge investments, intensive R&D mark the race toward next-gen mobile technology It’s a high-stakes, high-tech race. Billions, maybe, trillions of dollars are up for grabs globally, and Chinese technology companies are vying to scoop up as much of the fifth-generation, or 5G, mobile telecommunication technology pie as possible as D-Day of commercial launch around 2020…
China has added seven United States companies to its unreliable entity list for their selling arms to China’s Taiwan region, the Ministry of Commerce said on Tuesday. Despite China’s strong opposition, several US companies, including Inter-Coastal Electronics, have participated in so-called military-technical cooperation with China’s Taiwan region, engaging in arms sales that seriously undermine China’s…
The northeastern port city of Dalian, Liaoning province, is making efforts to drive the accelerated development of its low-altitude economy. This helicopter is for sightseeing. [Photo by Wang Hua/for chinadaily.com.cn] The northeastern port city of Dalian, Liaoning province, is making efforts to drive the accelerated development of its low-altitude economy. During a conference held on…
The surplus for the period from January to November increased by a stunning 13.3% compared to the same period last year.China’s surplus with the EU rose to $219 billion in January-November, up 13% from $194 billion Last Year.While trade with the EU accounts for 13% of China’s total trade, the European Union contributes 25% of…
Increasingly, young professionals are making the jump from multinational companies to homegrown tech houses Multinationals are continuing to lose out to local companies when it comes to securing high-quality professionals in China, especially amid domestic tech firms’ surging success, according to the 2018 China Leadership Report. “Local Chinese companies are redefining our entire way of…
With the year 2024 wrapping up, China’s exports raise a legit question. Just 5% of export categories account for 60% of exports, and most go to advanced economies. Given current political turmoil, does China have time to build its Global South strategy while still relying on exports to the North?In 2024, China is projected to…
The opening-up of the services sector and rising investor confidence in the stock market will aid China in achieving stable economic growth next year, according to analysts . At a meeting held on Dec 13 by the Political Bureau of the Communist Party of China Central Committee it was decided to uphold “speeding up all-around…