Increasingly, young professionals are making the jump from multinational companies to homegrown tech houses Multinationals are continuing to lose out to local companies when it comes to securing high-quality professionals in China, especially amid domestic tech firms’ surging success, according to the 2018 China Leadership Report. “Local Chinese companies are redefining our entire way of…
With the year 2024 wrapping up, China’s exports raise a legit question. Just 5% of export categories account for 60% of exports, and most go to advanced economies. Given current political turmoil, does China have time to build its Global South strategy while still relying on exports to the North?In 2024, China is projected to…
The opening-up of the services sector and rising investor confidence in the stock market will aid China in achieving stable economic growth next year, according to analysts . At a meeting held on Dec 13 by the Political Bureau of the Communist Party of China Central Committee it was decided to uphold “speeding up all-around…
Visitors try out a BYD car during an expo in Tokyo, Japan. [Photo/Xinhua] JERUSALEM — The Atto 3, an electric subcompact crossover from the Chinese carmaker BYD Auto, was the top-selling car in Israel in 2024, according to data released by the Israel Vehicle Importers Association on Thursday. A total of 10,607 units of the Atto…
The ice fishing culture has been passed on in Dorbod, Heilongjiang province, for over 1,000 years. [Photo/Xinhua] CHANGCHUN/HARBIN – A school of large fish thrashed about in a mile-long fish seine, hauled from an ice-covered Chagan Lake in Northeast China, as a cheering crowd watched in excitement. This spectacle was part of the millennium-old tradition…
Shanghai Disney Resort marks completion of the initial construction phase for its third themed hotel. [Photo provided to chinadaily.com.cn] Shanghai Disney Resort completed the installation of the final primary steel beam for its third themed hotel on Wednesday, marking the completion of the initial construction phase for the nine-floor, 400-room hotel. Inspired by Shanghai’s unique…
BEIJING – China’s investment growth is expected to kick off strongly in 2025, bolstered by early project approvals and debt relief measures for local governments, an official from a think tank under the National Development and Reform Commission said Wednesday. At a press event organized by the All-China Journalists Association, Yang Ping, head of the…
Over the past twenty years China increased its exports six-fold. The EU is the only advanced region where China maintained its share of exports despite its brutal growth while the rest of the advanced regions declined. The EU has consistently played a key role in absorbing China’s exports while Beijing used this time to pivot…
Member State origin/destination is according to China Customs.Roughly 2% of the drop in import prices can be linked to the EURO/yuan exchange rate, though this is likely offset by higher freight costs in 2024 compared to 2023. With the product mix remaining largely unchanged, it’s reasonable to conclude that factors like overcapacity and intense domestic…
Lv Yuan Er Hao (second from left) docks at a port in Haikou, Hainan province, on Jan 8. [LI TIANPING/FOR CHINA DAILY] The island province of Hainan is gearing up for an anticipated surge in visitors during the 2025 Spring Festival travel rush, especially an increasing number of new energy vehicles for self-driving tours. The…