China’s Ministry of Commerce has announced that seven European Union entities are being placed on the country’s export control list, banning them from receiving dual-use items which can have both civil and military applications. Chinese exporters are prohibited from shipping dual-use items to the listed entities, while overseas organizations and individuals are also barred from…
WeChat Pay logo seen at Frankfurt Airport in Germany. MA JIAN/FOR CHINA DAILY BEIJING — Chinese digital payment platform WeChat Pay has announced that users can now make payments in five countries — South Korea, Sri Lanka, Thailand, Malaysia and Singapore — by scanning local QR codes. This means that in these countries, users no…
China’s rapid transformation toward smart living and its edge in electric vehicle manufacturing and usage are factors that are reshaping the global automotive landscape and redefining market opportunities as well as industrial innovation pathways, industry experts said. “China is no longer just a market for deployment, but a critical hub for innovation and outbound growth,”…
WASHINGTON – The global energy supply disruption caused by the war in the Middle East has heightened Asia’s concerns about energy diversification, an International Monetary Fund (IMF) official has said. “I think the shock has brought to the fore concerns about energy security,” Thomas Helbling, deputy director in the IMF’s Asia and Pacific department, told…
Apart from the country’s innate consumption vitality, Chinese consumers have also played a big role in helping multinational packaging solutions company Sidel generate smart and high-performance solutions that will promote the evolution of the market, said its President and CEO Pietro Cassani. Consumption in China has completely changed, said Cassani, who recalled his first visit…
Chinese smartphone maker OPPO has unveiled two camera-focused flagship models, touting significant imaging upgrades while holding the starting price steady for one of the devices despite mounting industry-wide cost pressures. The launch comes as data from the International Data Corporation (IDC) shows that OPPO has cemented its position in the global premium smartphone market. In…
Consumers are seen at a Tesla store in Shijiazhuang, Hebei province, on Feb 19. TANG KE/FOR CHINA DAILY Tesla reported a 16 percent year-on-year revenue growth in the first quarter, driven by robust performance at its Shanghai Gigafactory and expanding infrastructure in China, while gearing up for the highly anticipated debut of its third-generation humanoid…
As China’s intense market competition makes it a “fitness center” for multinational companies, those that survive and thrive here can compete anywhere else in the world, said Li Jiaming, consulting businesses chief strategy officer for professional service provider Deloitte in Asia-Pacific. “The competition in China is very fierce. If you are in China and your…
A wave of renewed activity is sweeping through China’s property market, led by a recent surge in secondhand home sales in major cities such as Beijing and Shanghai — a sign that homebuyer confidence is gradually returning after a multiyear downturn, analysts said. In the near term, analysts expect the divergence to persist — prime…
China’s rising role in global innovation is increasingly reflected in the evolution of international patent ecosystems, with more technologies originating from the country and gaining global traction, said an executive. “We have seen a development where more and more innovations are basically made in China,” said Kasim Alfalahi, founder and CEO of Avanci, a United…