DIANA RULKE, PROFESSOR, TEPPER SCHOOL OF BUSINESS, CARNEGIE-MELLON UNIVERSITY: “Instead of consumers coming out of COVID restrictions spending, as happened in the United States, China’s property …
BUSINESS
China fostering new competitive edges to bolster foreign trade in 2024
In 2023, China’s cross-border e-commerce imports and exports reached 2.38 trillion yuan, an increase of 15.6 percent from a year ago. China’s trade prospects for this year will also be enhanced, …
China weighs stock market rescue package backed by $278 bln – Bloomberg News
Chinese authorities are considering a package of measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday, citing people familiar with the matter.
China races to buy chip-making equipment as US cracks down on exports
China rushed to buy up chip-making equipment ahead of the export controls imposed by the U.S, Japan, and the Netherlands in recent months, as Washington and its allies crack down on exports of the …
Enforcement of China Forced-Labor Import Ban Needs to Be Much Tougher, Say U.S. Lawmakers
The leaders of a bipartisan committee said the Biden administration should consider using criminal prosecutions and closing a trade loophole.
US and China climate envoys unlocked milestones, yet retire with unfinished business
Substantive issues, from coal and renewable energy use to methane emissions reduction, have yet to be resolved. Read more at straitstimes.com.
China’s Metaverse Drive: Huawei, Tencent, and Baidu lead ambitious three-year plan
China’s Ministry of Industry and Information Technology (MIIT) has unveiled a initiative to propel the metaverse into mainstream prominence.
Foreign automakers hike exports as China sales slide
Tesla models wait to be shipped overseas near the Waigaoqiao Container Port in Shanghai on June 3, 2022. The U.S. EV maker in 2023 exported 344,000 light vehciles from a Shanghai plant, its biggest …
China’s Economy Has Picked Up Traits Reminiscent Of The Great Depression.
Signs that all stimulus efforts are failing hints that China faces the crisis of confidence, the root cause of America’s Great Depression in the 1930s.
China’s metal export curbs not ‘retaliation, but in line with global norm:’ analysts
China’s gallium exports fell 66 percent year-on-year to $8.47 million last year, while those of germanium edged down 8.2 percent to $48.42 million, data from Chinese customs showed, a trend that …
Foreign auto brands boost exports as China sales remain weak – data
China is estimated to have overtaken Japan as the world’s largest auto exporter in 2023, thanks largely to the strength of nimble local companies such as Chery, SAIC , Geely and BYD. But 18 foreign…
China is moving up the rare earth value chain. The West is trying to catch up
It used to provide cheap raw materials to Western nations to make high-end products for clean energy. Now China is importing upstream products, then exporting the downstream, value-added ones.
German exports to US, China fall sharply in December
Exports to Germany’s most important overseas trade partners, including the United States and China, fell significantly at the end of last year, according to statistics office data on Monday.In …
