Employees work on a production line of a foreign-funded lithium battery plant in Nantong, Jiangsu province. GU HUAXIA/FOR CHINA DAILY Fueled by advancements in high-tech manufacturing, green energy and consumer goods industries, foreign direct investment (FDI) into China will continue to recover this year, market watchers and business executives said. Despite challenges like disruptions in…
The Biden administration has recently resorted to a series of trade restrictions targeting China, which instead of slowing China’s advancement, will only motivate the country to further strengthen its self-reliance and drive for technological innovation, officials and experts said. Washington’s heavy-handed approach to contain China’s rise, despite pushbacks from US businesses and the international community,…
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The universal message that East and West can work together is a fundamental component of the relationship The unstoppable rise of Apple, which hit the $1 trillion mark in market capitalization in August, as an indisputable global tech superpower has no end in sight. As fashionable as it has been for Western journalists to list…
Chinese social media platforms should improve localized operations and optimize content and services to cater to the diversified needs of potential users in overseas markets, while complying with local laws and regulations, industry experts said. Their comments came as United States users of TikTok, an overseas social media platform owned by Chinese tech company ByteDance,…
Despite its benefits, project to bathe city in artificial nighttime glow raises concerns about consequences to people, animals Call me old-fashioned but I have to admit to feeling slightly queasy about plans to launch an artificial moon into the skies above Chengdu, the capital of Sichuan province. One is even left wondering what the Chinese…
Despite the slowdown in GDP, a deeper look at the statistics may provide reason for optimism At first glance, China’s third-quarter economic performance doesn’t grab much attention. According to the National Bureau of Statistics, GDP growth slowed to 6.5 percent year-on-year, the lowest since the first quarter of 2009, early in the global financial crisis.…
Economy expanded 6.7% in the first three quarters, with per capita disposable income rising by 8.8% China’s GDP growth eased to 6.5 percent year-on-year in the third quarter, the lowest in nearly 10 years, but the fundamentals remain stable, since the country has taken a series of measures such as tax cuts to revitalize the…
The intensifying trade and investment ties between China and partners in the Belt and the Road Initiative are likely to bring increased adoption of the renminbi as a trade and investment financing currency, an expert says. China and its BRI partners could reduce transaction costs by using the RMB, or yuan, as a trade settlement…
China Semiconductor Industry Association said on Thursday that it will firmly support both domestic and foreign semiconductor enterprises to safeguard their legitimate rights, including raising anti-dumping investigations in response to unfair competition from imported US products. The association said that the domestic mature-process chip sector has raised concerns with the Ministry of Commerce about unfair…