Sunday, October 24, 2021
Deeper cooperation between China and the Association of Southeast Asian Nations (ASEAN) in the digital economy will benefit Wuhan, Central China's Hubei Province, which was hit hard by the COVID-19 pandemic, and accelerate its economic transformation and industrial upgrade amid a post-pandemic recovery, analysts said on Sunday (Jul 18). At...
China's businesses and consumers are not as optimistic on the economy as overall data might indicate, according to an independent study by the China Beige Book released Tuesday. In its latest quarterly survey, the U.S.-based firm found that a measure of Chinese corporate borrowing fell to its lowest in the...
China will allow each couple to have three children in a major policy overhaul to address the challenges of its ageing population. The decision was announced after a Communist Party Politburo meeting chaired by President Xi Jinping on Monday. The statement said major steps were needed to address the deepening problem of...
China, home to 1.4 billion people and a country with a huge reliance on its workforce made its way to become an economic giant with the help of their massive population. Their demographics has made them what they are today. Nearly 40 years ago, before the initiation of economic reforms...
Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company disclosed on Thursday. The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance...
China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery. That’s the outlook of an aggregate index combining eight early indicators tracked by Bloomberg, which remained unchanged from March in strong expansionary territory. Some of...
China announced tax breaks Monday to spur growth of its semiconductor industry following US sanctions that cut off access to American processor chips for tech giant Huawei and some other companies. Leaders declared accelerating efforts to transform China into a self-reliant “technology power” to be this year’s top economic priority...
China’s manufacturing recovery weakened for a third month in February as exports and new orders declined, according to two surveys released Monday. A monthly purchasing managers’ index (PMI) issued by business magazine Caixin, declined to 50.9 from January’s 51.5 on a 100-point scale on which numbers above 50 show activity...
China's public and private sectors are set to spend 10.6 trillion yuan (US$1.6 trillion) through 2025 to develop next-generation infrastructure, including the 5G network and electric-vehicle charging stations. This is especially important for the economic juggernaut as trade friction with the US looks likely to continue despite the change...
Despite all the hardships and logistical cartwheels that were caused by the Covid-19 pandemic, China’s economy grew at a faster than expected pace in the fourth quarter of 2020, ending a rough coronavirus-stricken 2020 in remarkably good shape and remained solidly poised to expand further this year. The country’s GDP...
Chinese companies are making waves in global earnings. Chinese companies involved in electric vehicles, healthcare, and e-commerce, in particular were among the world’s 500 most valuable non-state-controlled companies last year, in terms of both market value and numbers, according to Shanghai-based Hurun Research Institute. Led by Tencent Holdings and Alibaba...
Recently, NIO, a Chinese automobile manufacturer, has launched a mass production electric car with what could be the world’s farthest driving range, as it ups the ante with Tesla for customers in the largest market for new-energy vehicles on the planet. The competition is truly heating up now in China’s...

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