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EU Member States Projected to Reach €300 Billion Trade Deficit with China in 2024

Member State origin/destination is according to China Customs.Roughly 2% of the drop in import prices can be linked to the EURO/yuan exchange rate, though this is likely offset by higher freight costs in 2024 compared to 2023. With the product mix remaining largely unchanged, it’s reasonable to conclude that factors like overcapacity and intense domestic…

Hainan stretches ferrying legs for Spring Festival travel rush

Lv Yuan Er Hao (second from left) docks at a port in Haikou, Hainan province, on Jan 8. [LI TIANPING/FOR CHINA DAILY] The island province of Hainan is gearing up for an anticipated surge in visitors during the 2025 Spring Festival travel rush, especially an increasing number of new energy vehicles for self-driving tours. The…

Industrialized patents of Chinese enterprises continue to rise

BEIJING – The industrialization rate of invention patents among Chinese enterprises has been steadily rising, with medium and small-sized enterprises making a growing contribution, China’s top intellectual property regulator said on Wednesday. According to the China National Intellectual Property Administration (CNIPA), Chinese enterprises in 2024 achieved an industrialization rate of 53.3 percent for effective invention…

Guangdong carbon market closes flat

The China Emissions Exchange (Guangzhou), the largest local carbon market in China. [Photo/Sipa] GUANGZHOU – Carbon emissions allowances closed at 37.61 yuan ($5.23) per ton on Tuesday, kept flat as Monday, at Guangzhou Emissions Exchange, the largest local carbon market in China. A total of 2 tons of allowances were transacted on Tuesday with a…

Xiaohongshu-related Chinese shares continue to surge

BEIJING – Share prices related to Xiaohongshu surged in the morning session on Wednesday after the Chinese Instagram-style app reached the top of the Apple App Store chart in the United States. Investors appear to be focusing on companies with business models that could align with Xiaohongshu’s ecosystem. Hangzhou Onechance Tech Corp and Inly Media…

Innovation empowers new consumption trends in Chengdu

A woman takes a picture of an artistic sculpture inspired by Hugo Award-winning author Liu Cixin’s sci-fi trilogy The Three-Body Problem in Jiaozi avenue, Chengdu, Sichuan province, Jan 5, 2025. [Photo/Xinhua] As China’s consumer market continues to evolve, the emotional experience and customized products are becoming an increasingly prominent trend for consumption nowadays, Xinhua reported…

Industrial production up by 0.2% in the euro area and by 0.1% in the EU

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Temporary protection for 4.2 million people in November

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Tesla’s Shanghai megafactory kicks off trial production

An aerial drone photo taken on Sept 26, 2023 shows the Tesla Gigafactory in Lingang new area of the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] SHANGHAI – US carmaker Tesla’s megafactory in Shanghai has kicked off trial production seven months after its construction started, according to Tesla China on Tuesday.…

China’s burgeoning autonomous driving industry fuels robotaxi use, development

Driverless cars of Pony.ai are displayed at an expo in Shanghai. [Photo/VCG] BEIJING – Whenever she works late into the night in Wuhan, Central China’s Hubei province, Wu You ends up hailing an “unmanned cab,” or robotaxi, via her smartphone to take her home. This futuristic way of travel has now become part of Wu’s…