Company cites support from government as key factor for sustained business growth Please use three words to describe China’s changes in the past 40 years. Earth-shaking, leapfrog and touching. What are the biggest achievements in China since the introduction of the reform and opening-up policy 40 years ago? Compared with 1981, when I first came…
German chemical giant BASF and China Petrochemical Corp – also known as Sinopec – one of the country’s leading oil and gas companies, signed a memorandum of understanding on Oct 29 to further strengthen their partnership in upstream and downstream chemical production. The partners intend to build an additional steam cracker and expand their joint…
Renminbi has slid to its weakest level since the global financial crisis in 2008 Allowing the renminbi exchange rate to float more freely could be a wise choice for China in the face of trade conflicts and economic downside risks, according to experts. By analyzing recent signals from the authorities, as well as market performance,…
Jim Rowan leads British tech firm Dyson’s efforts to offer smart appliances to Chinese consumers Jim Rowan, CEO of British technology company Dyson, plans to grow the number of stores from 710 in 50 Chinese cities this year to 1,000 by 2020. There’s growing demand in China for smart, connected household appliances, he says. Responding…
In its efforts to rebuild an economy that has been stagnant for decades, South Africa is looking to attract foreign investment from China and other countries. According to Rob Davies, South Africa’s minister of trade and industry, the country is keenly looking to its biggest trade and investment partner. “We are looking at growing a…
Humans will always be smarter and wiser than machines and will never be replaced, Ma says For any country to realize development, it must pay keen attention to education, entrepreneurship, and efficient and transparent governance, Jack Ma, the Chinese business magnate, investor and philanthropist told South Africans recently. Ma, the co-founder and executive chairman of…
Sunmaker training institute boosting skill levels and bringing employers, jobseekers together As Uganda prepares to begin oil production in the Albertine Graben region, where crude oil reserves are estimated at 6.5 billion barrels, a startup founded by four Chinese students is helping the country address its skilled labor shortage. Lyu Jian, a master’s students from…
‘It is time for politicians to stop spreading hate and fear,’ says Alexander Stubb Alexander Stubb, who is running to be the next chief executive of the European Union, has called on the EU to defend the multilateral system and deepen cooperation with China, with a particular focus on trade and climate. “Europe has an…
President Xi Jinping made clear in a keynote speech that China is now strong enough to ride out any storm against a backdrop of increasing trade tensions. He was speaking at the opening ceremony on Nov 5 of the China International Import Expo in Shanghai, one of the biggest events to be held in China…
Policy recipe offered by Xi at import expo will help to solve trade disputes and rebalance China’s economy The China International Import Expo started in Shanghai on Nov 5, and the inaugural event, announced more than a year ago, stands in stark contrast to the escalated trade tension between China and the United States. The…