An ancient Chinese stratagem advises military leaders: “Loot a burning house.” The trick is easy and self-explanatory — attack when your opponent is most vulnerable. China has given, this and many other hideous ancient wisdom, paramount importance in the quest for… Read More ›
China’s push for self-sufficiency in a wide range of industries is dividing foreign companies, with some welcoming it as another chance to invest there while others worry that it will cause risks to the country’s trading partners and its own… Read More ›
It’s fast, very fast. In fact, it is the fastest train the world. Capable of speeds up to 600 km/h ( (373 mph), China’s high-speed Maglev electric bullet train could very well close the gap between rail-based trains with a maximum… Read More ›
The State Council, China’s cabinet, has made arrangements to optimize the country’s business environment by streamlining administrative procedures and strengthening regulation. A better business environment will further vitalize market entities, and play a crucial role in facilitating steady economic recovery… Read More ›
For decades, most Southeast Asian economies climbed the income ladder by pursuing a growth strategy based on ramping up investment in export-oriented manufacturing and services, relentlessly upskilling their domestic workforces, and leveraging technological advances. Today, the ASEAN+3 countries — the… Read More ›
A bullet freight train with a maximum operational speed of 350 km per hour rolled off the assembly line in Tangshan, north China’s Hebei Province, on Wednesday morning. Delivered by Chinese train maker CRRC Tangshan Co., Ltd., it is the… Read More ›
The Trump administration is willing to pay for U.S. companies to uproot their supply chains and bring them home from China, according to the president’s top economic adviser. The COVID-19 pandemic has caused supply chain disruptions and elevated concerns the… Read More ›
Japan’s decision to offer an initial group of 87 companies subsidies totalling US$653 million to expand production at home and in Southeast Asia has sparked debate whether the world’s third largest economy is trying to gradually decouple from China. The… Read More ›
China’s small and medium-sized banks are stable and the risks they face are manageable, according to the China Banking and Insurance Regulatory Commission (CBIRC). With sound fundamentals of capital, provision and profit, city commercial banks have the capability to fend… Read More ›
Now that Vietnam appears to have won its health war against Covid-19 after recording zero deaths and winning international praise for its crisis management, speculation is rising the nation could also be an economic winner of the pandemic. According to… Read More ›
Three of the world’s four largest economies, the United States, Japan and the European Union, are drawing up separate plans to lure their companies out of China. Over the space of two weeks, powerful figures from three of the world’s… Read More ›
Japan has earmarked US$2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China, as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the… Read More ›
China’s factories were dealt a devastating blow in February as the coronavirus epidemic triggered the sharpest contraction in activity on record, a private survey showed on Monday, with the health crisis paralyzing large parts of the economy. The Caixin/Markit Manufacturing… Read More ›
Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping… Read More ›
More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources… Read More ›
In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Nearby, staffers with cartons of instant noodles on their desks tap away at laptops, messaging suppliers and customers. Here at the Shenzhen offices of e-cigarette… Read More ›
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Canada will resume shipments of pork and beef to China, ending a ban imposed in June, as the Asian nation strives to… Read More ›
Factory activity in China shrank for the sixth straight month in October and by more than expected, while service sector growth eased as firms grapple with the weakest economic growth in nearly 30 years. The world’s second-largest economy is facing… Read More ›
The more than yearlong trade war between the United States and China is shaking up supply chains all over the world. An analysis by the Tokyo-based investment bank Nomura looked at a sample of more than 50 manufacturers that have… Read More ›
As the trade war with the United States continues to gather pace, manufacturers in China remain gloomy about their prospects, with the sector activity contracting for the fourth successive month in August. The manufacturing purchasing managers’ index (PMI), released by… Read More ›
White House economic adviser Larry Kudlow asserted President Trump’s threat to block trade between private Americans businesses and China, saying he has “emergency economic power authority” to do so. “Do you believe that the president does have the authority to block… Read More ›
Transsion, a little known Chinese smartphone manufacturer, outsells Samsung and Huawei in Africa by grapping 40 percent of the market with its two brands — Tecno and itel, here. There are two reasons: “Everyone in the world loves selfie, and… Read More ›
Activity in China’s manufacturing industry has been shrinking at a quick pace in the last four years, missing also the market expectations in the last news reported on January. The official purchasing managers’ index (PMI) registered a weak level of… Read More ›
China’s steel industry, the world’s biggest, is in crisis. The disaster is the result of a combination of factors, including a slowing Chinese economy, falling commodity prices, and an industry loaded with debt. Earlier this month, state-owned enterprise (SOE) Sinosteel… Read More ›
Among shoppers in the West, the notion persists that “Made in China” indicates—to put it bluntly—junk. Many still prize labels boasting a product was made in, say, Italy—even if a growing number of Italian products come from factories that are… Read More ›
By making things and selling them to foreigners, China has transformed itself—and the world economy with it. In 1990 it produced less than 3% of global manufacturing output by value; its share now is nearly a quarter. China produces about… Read More ›
Every parent assumes the plush doll they bought for their child at the mall is safe, but if it has a “Made in China” label, you should think twice. A European Watchdog agency issued 2,435 notifications of unsafe products in 2014, which… Read More ›
Microsoft will close two Chinese factories that it acquired when it bought Nokia’s handset business in April 2014, cutting 9,000 jobs.. The report by MarketWatch said the two factories were in Beijing and Dongguan, and that some equipment and production… Read More ›
In the shadow of a group of giant smokestacks and deserted foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park. But in the nearby village, the working-age men and many of the women have gone, leaving only… Read More ›
Additive manufacturing (aka. 3-D printing) has triggered a revolution in fabrication, with applications ranging from consumer goods to artificial bones and organs. However, it is in the field of construction that the technology is making what may prove to be… Read More ›
Business conditions for China’s manufacturers worsened in January as output and new order growth weakened, a private survey showed on Thursday, pointing to a weak start for the economy in 2014. The Markit/HSBC final manufacturing PMI for January dipped to… Read More ›
China became the world’s largest trading nation in 2013, overtaking the US in what Beijing described as “a landmark milestone” for the country. China’s annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to… Read More ›
Bloomberg recently reported that China, in order to aid its own cotton farmers by supporting cotton prices, has been buying up excess production into government stockpiles. The world’s biggest producer and user of cotton will have 12.7 million metric tons… Read More ›
Apple’s grip on China’s tablet market has loosened as Asian tech companies increase sales with cheaper Android tablet computers, a market report showed Thursday. Dickie Chang, senior market analyst at research firm IDC, said Apple supplied 28 percent of tablet… Read More ›
Toyota and its dealers are quietly manoeuvring to allay risks from periodic eruptions of anti-Japan sentiment in China, even as recent sales data suggest a slow but steady recovery for Japanese automakers since the latest flare-up last year. China sales… Read More ›
The company that makes Japan’s legendary Shinkansen bullet trains certainly regrets working in China. One China defender recently claimed his countryman’s “bandit innovators” could be good for the world. That was small consolation for the Japanese, who say that China… Read More ›
China’s surging wages and costs are showing signs of undermining the competitiveness of the nation’s economy, threatening its growth potential, the Asian Development Bank said. Average inflation-adjusted wages have more than tripled in a decade and non-wage costs for procedures… Read More ›
Italy decided to boost its export of design and furniture products towards the Chinese market, with an official trade promotion programme “La Cina Arreda Italiano” organised by the Italian Trade Commission and the main industrial associations (Federlegno/Arredo – COSMIT, Confartigianato,… Read More ›
Chinese and Malaysian companies agreed to invest 10.5 billion Ringgit ($3.4 billion) on an industrial park in the Southeast Asian nation, which will include steel and aluminum plants as well as a palm oil refinery. This comes just a few… Read More ›
Inside a gleaming white-and-blue garment factory in Cambodia stand rows of second-hand Singers — weathered sewing machines transported from a plant in China that closed last year. The Hong Kong-headquartered Top Form, which has 700 workers at the plant, is… Read More ›
One of Beijing’s economic planning agencies, the National Development and Reform Commission (NDRC), said Friday that the aforementioned South Korean firms plus Taiwanese companies Chimei, Chunghwa Picture Tubes, AU Optronics and HannStar were being fined for their actions between 2001… Read More ›
Caterpillar Inc, Komatsu Ltd and other construction-equipment makers have built enough capacity in China to satisfy global demand twice over while sales in the country are falling, according to a research company. Manufacturing capacity in China is almost 600,000 excavators a… Read More ›
It’s a very difficult winter for the toy industry in Guangdong province. You could say it is an extremely harsh winter, if such occurred in the southern province of China. But more than 50% of all Chinese toy factories are… Read More ›
Suzhou Studio is a video featuring the traditional Chinese art of weaving, filmed by Chris H. Lynn. Set in Suzhou.
Japan‘s Toyota Motor Corp, Nissan Motor Co and Honda Motor Co plan to slash production in China by roughly half, the Nikkei newspaper reported on Monday, as a territorial row between Asia’s two largest economies cuts sales of Japanese cars… Read More ›
Not long ago, Mexican factories couldn’t compete with the “China price,” the ridiculously low cost of production in the Asian nation. But sometime this year, with rock-bottom wages soaring in China, the average cost of factory labour in the two… Read More ›
China is ramping up its global exports of cheap steel, sometimes at a loss, as bulging stocks of the alloy give way to a worsening domestic demand picture for the commodity consuming giant. Slowing construction and industrial activity has hit… Read More ›
A growing number of U.S. companies plan to shift some operations from China to Southeast Asia in the next two years as confidence in countries such as the Philippines improves, a survey by the American Chamber of Commerce in Singapore… Read More ›
Forbidden opulent, provocative yet elegant. With that as their motto, Mary Ching, a Shanghai based shoes and accessories brand show case a blend of their owner’s, Alison Yeung, Chinese and British heritage. Mary Ching is proud to be “made in… Read More ›
Hong Kong’s Singtao Daily reports today, “World sports clothing leader adidas confirms that it has decided to close the only factory directly under it in China and may move it to Myanmar. The company explains that the closure is its… Read More ›
China News 