What are the key drivers behind Aptiv’s transition from “In China, for China” to “In China, for Global”? After over three decades of deep engagement in China, Aptiv views the nation’s evolving business landscape and rapid electrification as pivotal to its growth, according to Dr Simon Yang, president of Aptiv China and Asia Pacific. In…
Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE A new wave of stimulus policies launched in the past week by key Chinese cities including Shenzhen and Guangzhou, in Guangdong province; Tianjin; and Wuhan, Hubei province is expected to lower homebuying costs and boost market confidence, paving the way…
The Korean character Loopy once took the local market by storm, but nowadays, Chinese IP products like Labubu are flying off shelves worldwide. In an interview with China Daily Website, Roh Jae-heon, ROK ambassador to China, noted that (South) Korean youth are eager to get their hands on these newly popped-up Chinese character goods. Tanks…
China has imposed a ban barring any recognition, enforcement, or compliance with United States sanctions targeting five Chinese companies over their alleged involvement in Iranian petroleum transactions, according to a notice issued by the Ministry of Commerce on Saturday. The prohibition order took effect immediately and applies to sanctions imposed by US executive order 13902,…
BEIJING — China’s Ministry of Commerce on Saturday issued a blocking ban prohibiting any recognition, enforcement or compliance with US sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions. The five companies are Hengli Petrochemical (Dalian) Refining Co Ltd, Shandong Shouguang Luqing Petrochemical Co Ltd, Shandong Jincheng…
The United States’ sanctions on Chinese companies contravene international law and the basic norms of global relations, while Beijing’s blocking measure aims to safeguard the legitimate rights and interests of domestic firms and individuals, the Ministry of Commerce and analysts said. The ministry issued a ban on Saturday prohibiting any recognition, enforcement or compliance with…
China’s Ministry of Commerce expressed firm opposition on Friday to the US Federal Communications Commission’s proposed restrictive measures against Chinese entities, urging Washington to stop its wrongful practices and respect market rules. The FCC voted to advance measures on Thursday that would revoke the qualifications of testing and certification bodies from countries without a mutual…
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He Lifeng, China’s vice-premier and lead for China-United States economic and trade affairs, held a video call on Thursday evening with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, according to Xinhua News Agency. The two sides held candid, in-depth and constructive exchanges on implementing the important consensus reached by the two…