We ran some back-of-the-envelope calculations of our own and concluded that, for EU manufacturers of budget-friendly tyres (e.g., the Kormoran brand) to compete with China-made brands such as Sailun, the factory-gate price in the EU would need to be about €7 lower per tyre.In 2024, China shipped 92 million tyres to the EU at an…
China Construction Shenzhen Decoration is strengthening its foothold in the Middle East as the firm sees business opportunities emerging from the region’s economic diversification push. The Shenzhen-based company recently signed a strategic partnership with JTA International Investment Holding, a Qatari investment company, in Doha. The collaboration, which focuses on modular architecture, green technologies and co-investment…
Commvault, a multinational corporation engaged in data protection for the hybrid cloud, is doubling down on its long-term commitment to China, citing the country’s robust economic growth and rapid advancement in digital innovation as key drivers of its future strategy in the market. “We believe that China’s economy holds tremendous growth potential. In 2024, China’s…
A patient undergoes an examination using equipment by Shanghai United Imaging Healthcare at a hospital in Manila on Jan 16. CHINA DAILY Shanghai United Imaging Healthcare has made significant strides in expanding its presence in Southeast Asia and has marked several “firsts” in local hospitals, said a senior executive of the company, which specializes in…
China has called on the United States to fully abandon its erroneous practice of unilaterally imposing additional tariffs, said the Ministry of Commerce on Thursday. Speaking at a news conference, spokesperson He Yongqian said China has noted the ruling of the US Court of International Trade on Wednesday, which found that the US government’s global,…
Airbus showcases the model of its latest passenger aircraft at the 7th China International Import Expo in Shanghai in November. YIN LIQIN/CHINA NEWS SERVICE BEIJING — Rolls-Royce’s first aero engine maintenance, repair and overhaul joint venture in the Chinese mainland is on track to begin operations by the end of 2025, said a senior executive…
A humanoid robot performs tai chi at the 2025 International Humanoid Robotics Skills Competition that kicked off in Shanghai on Thursday. GAO ERQIANG/CHINA DAILY More than 60 teams are participating in the 2025 International Humanoid Robotics Skills Competition that kicked off in Shanghai on Thursday. The teams will contest on 28 scenarios, such as lifting…
China is studying and formulating policy documents to cultivate a national integrated data market in accordance with new characteristics related to the development of the data market as part of a broader push to fully unleash the value of its massive data resources, said the National Data Administration, the country’s top data governance regulator. More…
“Protectionism is rising worldwide, and the global trading system is in a state of crisis. In these circumstances, broad-based free trade and economic partnerships are important,” said Atsushi Ijuin, lead economist at the Japan Center for Economic Research, at the 2025 RCEP Media & Think Tank Forum on May 25. He stated that the RCEP…
BMW i5 electric cars roll off the assembly line at the Dadong plant of BMW Brilliance Automotive in Shenyang, Liaoning province. [Photo/Xinhua] Over half of German enterprises surveyed plan to increase their investments in China within the next two years, according to a report issued at a three-day forum for Sino-German industrial cooperation and development…