China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US and Europe, is set to receive a big boost from the government’s latest effort to accelerate growth. That’s one takeaway from what Beijing has revealed about its plan for incentives that will encourage Chinese businesses and households to adopt cleaner … Read more
China’s economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts’ expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 4.6% from … Read more
China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia’s largest economy moves to upgrade and strengthen its industrial chains. “China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China … Read more
BEIJING: Chinese manufacturing activity expanded steadily as both production and new orders grew faster in February, pushing business confidence to a 10-month high even as firms remained cautious on hiring, a private-sector survey showed on Friday. The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for … Read more
HEFEI, China: Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, local merchants are gloomy. Wu Junlin, a vendor of doors, has … Read more
Victor Li is determined to get married soon, but like many other young Chinese grappling with an uncertain economic outlook, the well-heeled Shanghai entrepreneur isn’t sure he can afford to. “It’s very expensive for us to get married, especially in a big city like Shanghai,” the 32-year-old said, as he took a break from a … Read more
