China continues to dominate the global market for new energy vehicles (NEVs), accounting for a staggering 63.5% of all sales in 2023. This represents a significant jump from the previous year, with China selling a whopping 8.87 million NEVs – an impressive 37% increase. NEV penetration within China itself is also soaring, reaching nearly 30%...
Africa’s trade relationship with China, its largest partner for 15 years running, showed mixed results in 2023. While total trade volume edged up 1.5% to $282.1 billion, a worrying trend emerged: Africa’s trade deficit with China ballooned significantly. Chinese exports to the continent surged 7.5% to $173 billion, while imports from Africa dipped 6.7% to...
Nvidia’s scorching rally shows no signs of abating. Just a day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well, solidifying its dominance in the tech sector. Fueled by an insatiable demand for its artificial intelligence (AI) accelerators, Nvidia’s stock price continues to climb, reaching a market capitalization...
China’s foreign trade continued its positive trajectory in November, with total imports and exports increasing by 1.2% year-on-year, according to data released by the General Administration of Customs. This marks the second consecutive month of growth for the sector, further solidifying the trend of stability in foreign trade. November’s performance was driven by a 1.7%...
The 61st edition of the “Car of the Year” in Europe already has the seven models that aspire to the most prestigious title in the world of the automotive industry and that, since 1964, has chosen the best car of the year in Europe. The jury made up of 59 specialized journalists from 22 countries...