This narrative of Chinese entrepreneurs like Cao Fengze, Fang Jing, Li Yi, and Hu Zhenxing mirrors the adventure spirit seen in Robinson Crusoe, but applied to Africa’s burgeoning development scene under the Belt and Road Initiative (BRI). These young Chinese professionals have chosen to explore the dynamic African markets, seeing them as new “goldmines” brimming...
The People’s Bank of China (PBC), the country’s central bank, announced on Thursday that there remains room to reduce the reserve requirement ratio (RRR) for banks and pledged to continue its supportive monetary policies aimed at bolstering the economy. This move underscores the PBC’s commitment to fostering a favorable monetary environment to boost market confidence...
An orientation session aimed at helping newly arrived expats settle into life in Shenzhen was held on Saturday afternoon in Shekou, attracting around 40 participants from countries such as the U.S., Morocco, Ireland, Canada, and the Netherlands. The event was organized by the Shekou Management and Service Center for Expats (MSCE) and featured a variety...
China will initiate an anti-discrimination investigation in response to Canada’s decision to impose steep tariffs on electric vehicles (EVs), steel, and aluminum products imported from China, according to the Ministry of Commerce’s statement on Tuesday. This move follows Canada’s recent announcement of a 100-percent tariff on Chinese-made EVs, mirroring similar measures introduced by the U.S....
In August, Tesla, the U.S.-based electric vehicle (EV) giant, set a new sales record for 2024 in China, with its Shanghai Gigafactory seeing a significant rise in deliveries for the second consecutive month. This achievement signals China’s growing allure for foreign investors, especially in the EV sector, as the country accelerates its green transition and...
The upcoming Eighth Conference of Chinese and African Entrepreneurs, set to take place in Beijing as part of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), will host around 1,000 business representatives from both regions. The conference is a major platform for promoting investment, trade, and industrial collaboration, with participation exceeding expectations. Organized...
Over 700 years ago, Italian explorer Marco Polo embarked on a journey through China, chronicling his experiences and introducing the marvels of ancient China to Europe in his famed book. Today, a new wave of explorers—international YouTubers and vloggers—are following in his footsteps, using online videos to share their discoveries of modern China with the...
Zimbabwean President Emmerson Dambudzo Mnangagwa expressed keen interest in the innovative range of new energy vehicles (NEVs) during his visit to BYD Co.’s headquarters in Pingshan District, Shenzhen, on Friday. Mnangagwa, who led a delegation to Shenzhen from Thursday to Saturday, was on a mission to learn about the city’s advancements in scientific and technological...
Education authorities in Hong Kong have announced that they are investigating a complaint filed by a mother regarding the handling of an alleged bullying incident involving her son at the Canadian International School in Aberdeen. The complaint follows the school’s decision to dismiss the case after conducting preliminary investigations. According to a report by a...
Shenzhen Bao’an International Airport officially opened its Jiangmen terminal on Wednesday, providing a significant boost to travel convenience for residents on the western side of the Pearl River Delta. The new terminal, located in Xinhui District, Jiangmen, offers check-in services for flight passengers and is the second such facility established on the opposite side of...