China’s cross-border e-commerce sector has developed rapidly. In 2017, the transaction scale exceeded 8 trillion yuan ($1.15 trillion; 1 trillion euros; ￡891 billion), of which the cross-border retail market accounted for about 15 percent. Although the cross-border e-commerce import sector market only accounted for 111.3 billion yuan in 2017, its year-on-year growth of 49.6 percent…
Some European leaders seem prepared to cast off yoke of Trump’s ‘America first’ policy and negotiate deals outside of US approval After learning that my new assignment is to cover the European Union, an economist friend, who holds Dutch and US dual citizenship, told me that the EU, with all its current problems and uncertainties,…
Online shopping stats serve as a barometer for consumption trends Nov 11 may be just another day for most people, but it is unique and significant to the Chinese. Singles Day, as it is called, falls on Nov 11 every year and is a tremendously popular shopping holiday in China. Initiated by a group of…
Strict EU environmental regulations could pose challenges for auto manufacturers Chinese manufacturers of electric vehicles are well positioned to take advantage of a rapidly growing global market. According to the Organization for Economic Cooperation and Development, 3.1 million new electric vehicles were registered worldwide in 2017. This represents an increase of 57 percent from 2016…
Peaceful and inclusive partnerships are needed, not economic or military blocs, confrontation or containment A century ago, on Nov 11, 1918, at 11 am Paris time (the eleventh hour of the eleventh day of the eleventh month), the armistice confirming the total surrender of Germany to the Allies came into effect, putting an end to…
With news of Tencent Music Entertainment’s recent initial public offering activities hitting the headlines this month, the company’s 800 million Chinese listeners are part of a new generation of streaming audience who are, in turn, vital in contributing to a developing music industry that differs in significant ways from the traditional Western model. Despite Tencent…
Nearly half of world’s countries aren’t producing enough children to maintain their current populations in the long term When most of us hear warnings of a global population crisis, we think of the ever rising numbers of people across the world putting ever greater pressure on its finite resources. In the course of the 20th…
China’s top court orders more judicial protection for privately owned enterprises and entrepreneurs Judicial protection of private enterprises and entrepreneurs will be enhanced in accordance with the law to offer them more sense of security and prevent civil economic disputes from being solved by criminal penalties, a senior judge has said. Infringements of the legitimate…
Chinese representative calls for cooperation to safeguard world Xie Zhenhua, China’s special representative on climate change affairs, has called for the establishment of an international mechanism for technology cooperation and transfer as the world promotes technological innovation to curb climate change. He made the proposal when addressing a conference to commemorate the 30th anniversary of…
From being the host of the CIIE to expanding its free trade zone and launching a new innovation board at its stock exchange, the city will play a large and more integral role in China’s ongoing drive to further open its doors to the rest of the world The inaugural China International Import Expo may…