China's private Caixin Manufacturing Purchasing Managers' Index (PMI) recorded a month-on-month expansion in February, pointing to robust business activities among small and private enterprises. The official manufacturing PMI, also released on Friday, indicated a better production outlook following the Chinese New Year holidays. As the first major economic barometer in February, the PMI showed that […]
US Secretary of Commerce Gina Raimondo and Ahn Duk-geun, the South Korean minister for trade, industry and energy, held a telephone conversation on Tuesday. In their conversation, Ahn expressed willingness to enhance industrial cooperation with the US and called for more support over the Inflation Reduction Act (IRA), CHIPS Act subsidies and other trade issues. […]
China's Commerce Ministry (MOFCOM) on Monday blasted the US government's distortion of facts by claiming that China's justified trade measures are "economic coercion," saying that China is firmly opposed to the US unilateralism and its bullying practice. Recently, the US Trade Representative Office published a report on China's WTO compliance, which denies China's achievements in […]
US chipmaker Nvidia has reportedly identified Chinese tech company Huawei as a top competitor in several categories including artificial intelligence (AI) chips, a move which industry observers said underscored the rapid climb-up of Chinese companies' tech prowess, fueled by their stepped-up research and development (R&D) investments and the explosive demand in homegrown markets. The naming […]
Officials from the National Financial Regulatory Administration (NFRA) on Thursday vowed to step up effort to support the property sector and meet the reasonable financing demand of real estate companies. Xiao Yuanqi, deputy director of NFRA, told a press conference on Thursday that the financial sector has an undeniable responsibility to provide strong support to […]
"Thanks to improved productivity, broad and deep industrial clusters, and well-established infrastructure, China was, is, and will remain the factory of the world. The combination of a broad local market and the strong legacy export base makes China difficult to replace," Global Managing Director of Roland Berger Denis Depoux said on Friday at the Roland […]
China’s National Association of Financial Market Institutional Investors (NAFMII) said on Tuesday that 10 more foreign-funded institutions have been approved as lead underwriters or underwriters of debt financing instruments for non-financial enterprises, in a major step for financial opening. Also on Tuesday, the Shanghai branch of the State Administration of Foreign Exchange (SAFE) announced the […]
US Secretary of State Antony Blinken embarked on a week-long trip to the west coast of Africa on January 22, while just four days prior, Chinese Foreign Minister Wang Yi concluded his annual New Year's first visit to Africa. It is worth noting the self-contradicting attitude of the West, represented by the US, toward China-Africa […]
China delivered the country’s first floating storage and regasification unit (FSRU) vessel for liquefied natural gas (LNG) on Tuesday, according to China Ship News. The vessel will serve China-EU energy cooperation under the Belt and Road Initiative in Cyprus, marking another breakthrough for China’s shipbuilding industry. The vessel was built by COSCO Shipping Heavy Industry […]
As a result of their economic shocks and social and political unrest, the US and the EU have drastically reduced financial support for Ukraine. Washington and Brussels fearlessly restate their commitments to Kiev and declare belief in the earliest possible victory over Russia, despite the obvious circumstances. Moscow calls for negotiations, but the fundamental objectives […]