Chinese companies, most of which lag behind their global peers in brand awareness, are seizing a chance for larger recognition at this year’s Olympic Games.
After years of rapid debt growth from local government financing vehicles, some of China’s struggling regions are finding it difficult to reverse course.
Shanghai will look to attract AI companies, build a humanoid robot manufacturing innovation centre and test low-altitude industrial logistics by 2027.
Traditionally a major regional economic growth engine for China, Guangdong province is now lagging behind the national average – and will likely need to make adjustments to retain its status.
The 2024 Summer Games may be French, but much of the equipment and related accoutrements were made in China, owing to a lack of ‘comparable competitors’ in global manufacturing.
Foxconn will splash out on EV projects and set up robotics industrial bases in mainland China amid geopolitical risks and supply-chain disruptions.
Consumers who replace their conventional cars with an EV stand to receive a subsidy of 20,000 yuan (US$2,770), up from 10,000 yuan announced in April.
Boeing Global president Brendan Nelson concluded a visit to Beijing on Tuesday, while deliveries of the troubled 737 Max jet to China also resumed this week.
Vice-Premier Ding Xuexiang made the comments at the Sixth China-Russia Energy Business Forum in Moscow on Tuesday.
Sales of panda bonds jumped to a record US$17 billion this year, beating the previous record for a comparable period of US$11.8 billion of sales established in 2023.
China cuts one-year medium-term lending facility and allocates 300 billion yuan (US$41.3 billion) in ultra-long-term treasury bonds on Thursday.
Measures being rolled out by local authorities across China could offer a glimpse at national policies expected at the midyear Politburo meeting.
Compared with China’s just concluded third plenum, a Politburo meeting in the coming days is expected to more directly impact market expectations.
Chinese firms ambitious about going abroad urged to embrace ‘technology for market’ strategy that allowed China to obtain technologies since the 1980s.
China’s top economic planner has encouraged qualified firms to borrow medium- and long-term debt abroad amid a slowdown of US dollar fundraising.
Asia sales of Louis Vuitton owner LVMH fell 13 per cent in the first half, while Chow Tai Fook’s plummeted 20 per cent in the second quarter.
With fewer options amid geopolitical strife and supply-chain disruptions, capitalising on China’s massive market requires a more inward-facing plan for foreign firms.
Demand for new homes in the Greater Bay Area rebounded last month after Beijing’s historic measures to rescue the property sector took effect. However, a meaningful recovery in prices will take time amid economic headwinds, says Cushman & Wakefield.
Shanghai and neighbouring provinces of Zhejiang, Jiangsu and Anhui will fine-tune their business environment to spur activity in the YRD region, official says.
Buying Chinese products online has become increasingly popular, and shopping platforms such as Temu and Shein are riding the e-commerce wave.
Growth of outstanding debt within China’s non-financial sectors fell to the lowest level in more than two decades in the second quarter.