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System-level certainty delivers confidence companies demand

People visit the exhibition area of Digital Technology during the Fourth China International Supply Chain Expo (CISCE) in Beijing, capital of China, June 23, 2026. [Photo/Xinhua] Throughout June, I traveled from Beijing to Urumqi in Xinjiang Uygur autonomous region to cover major trade events, including the fourth China International Supply Chain Expo and the ninth…

Severe cutbacks ahead as VW’s profits halved

Old VW power plant in Wolfsburg, Germany, on July 11, 2026. [Photo/VCG] Volkswagen plans to drastically cut its model lineup and further pare back capacity, as Europe’s largest automaker considers a far-reaching overhaul that sources say could cost around 100,000 jobs. Volkswagen is under unprecedented pressure to restructure the business model that underpinned its success…

A partnership through thick and thin — and primed to grow

There is a Chinese saying that sums up the partnership between the United Arab Emirates and China.”A long road tests a horse’s strength; time reveals a person’s heart.” In other words, the strongest partnerships take time to build, are tested by distance and are reinforced by results. The UAE and China have been building ours…

Heytea opens its first overseas teabar in NYC

With competition in the overseas new style tea market becoming increasingly fierce, Chinese brands are making every effort to win the hearts of consumers. In June, Heytea, a leading Chinese new style tea brand, opened its first overseas teabar in New York, following openings in the domestic market in Beijing, Guangzhou, and Shenzhen and Foshan…

Chinese firms reshape global industrial chains

AI Global industrial chains and structures are constantly evolving, alternating between periods of relative stability and of profound disruption. Industrial restructuring refers to periods of accelerated change, such as the one currently underway. The forces behind such restructuring can broadly be divided into two categories: geopolitical competition and technological change. The two are closely intertwined,…

GDP deflator likely to turn positive in Q2

China’s second-quarter GDP deflator is likely to turn positive for the first time in more than three years, sending the clearest signal yet that the country’s price dynamics are improving, helping support corporate earnings and consumer confidence, analysts and executives said. The GDP deflator is a tool that is used to measure price changes of…