Automakers, tech giants and governments are all racing to new tech horizons The Chinese government said it is paying great attention to intelligent vehicles and considers their development vital to easing the burden on transportation, energy consumption and environmental pollution, a top official said. “By 2020, the market scale of the country’s intelligent connected vehicles…
EU27 imports from China were down 11% in February. In the first two months of 2024, imports from China decreased to €74 billion from €90 billion a year earlier, marking a 17%% drop in imports by value.EU27 exports to China were down 13% in February. In the first two months of 2024, exports to China…
If we recall correctly, Slovakia is the country with the highest car production per capita. About eight percent of the total car exports from Slovakia are aimed at China, with Volkswagen as the second-largest employer in the country. Sources claim that the Gotion group will open a battery factory in Šurany, approximately 100 km away…
Innovation, technology are bright spots for China, showing an increase of 11.8 percent year-on-year China’s economy can maintain steady and healthy development in 2019, although November’s economic data indicate that downward pressure is piling up, the spokesman for the National Bureau of Statistics said on Dec 14. The spokesman, Mao Shengyong, said at a news…
The name of the game is maintaining a deficit with suppliers of essential commodities while flooding the world with its own manufactures, whether other nations like it or not. The supply side will continue at full throttle to keep unemployment at bay.Source China CustomsAccording to Xinhua, the main agenda of the third plenum will focus…
Vice-President Dombrovskis at the opening of the High-Level Forum on Global Non-Market OvercapacityWhile temporary surpluses are a natural part of business cycles, harmful overcapacity linked to non-market policies, especially on a global scale, distorts markets and undermines economic stability across a range of sectors(…)Make no mistake about it. Global non-market overcapacity is a significant threat.The…
Chinese tourists are increasingly exploring options that combine health with their holiday experience As the serene northern city of Chiang Mai, Thailand, stirs from its slumber and the first wisp of sunlight shines on the famous Buddhist temple Wat Phra Singh, Lin Yi is ready to begin his early morning run. “The feeling you get…
Workers assemble wind turbine wheels at a factory in Lianyungang Economic and Technological Development Zone, East China’s Jiangsu province, Feb 28, 2023. [Photo by Geng Yuhe/for China Daily] BEIJING – China’s small and medium-sized enterprises (SMEs) saw improved business performances between October and December 2024, according to a report from the China Association of Small…
While China touts its so-called new drivers of growth, the reality is that ‘cheap China’ is back. Exports of electric cars, batteries, and laptops are overshadowed by the surge in affordable products shipped abroad directly via platforms like AliExpress, Temu, Shein, TikTok, and others. These affordable items, shipped directly to consumers, have already become China’s…
On December 6, European Commission president Ursula von der Leyen and her counterparts from Mercosur countries finalized negotiations for the EU-Mercosur Partnership Agreement.The agreement still requires ratification from EU Member States, and not all are fully satisfied with it. After reviewing the next steps and final ratification procedures—considering the population weight of each member state—we…