China is making a significant push to attract foreign investment by offering greater access to its markets. An action plan released by the government outlines a series of reforms aimed at boosting economic growth, technological advancement, and global competitiveness. The plan focuses on two key areas: shortening the negative list for foreign investment and implementing...
The future belongs to robots, and China’s Robot Revolution is determined to be at the forefront of this transformation. While companies like Tesla have grabbed headlines with humanoid robots, China’s state-backed push promises a tidal wave of robotic workers unlike anything the world has seen. China’s Ambitious Roadmap In November 2023, the Chinese government laid out a...
Futurist Tony Seba and his disruptive predictions have sent shockwaves through the transportation industry. His central theory hinges on the rapid rise of electric vehicles (EVs) and the subsequent decline of gasoline-powered cars, ultimately leading to a paradigm shift towards Transportation as a Service (TaaS). China, a global manufacturing powerhouse with a keen eye on...
Renowned technological hub Shenzhen is strategically expanding its focus to solidify its position as a leader in healthcare manufacturing. To accelerate this growth, the city government is joining forces with Fosun Pharma, one of China’s biggest pharmaceutical producers, to establish a massive US$700 million healthcare fund. This 10-year initiative, spearheaded by the Shenzhen Guidance Fund...
Japan, a nation synonymous with car manufacturing, faces a surprising challenge: a lack of competitive electric vehicles (EVs) from its own domestic brands. This irony is highlighted by the recent “2023 Japan Electric Car of the Year” award, where a Chinese-made BYD Dolphin EV secured the top spot, with another BYD model and a Hyundai...
Following China’s recent emphasis on developing “new quality productive forces” in its Government Work Report, Premier Li Qiang has urged a coordinated effort to promote the application of artificial intelligence (AI). This push for AI development comes after a series of visits by Li to key players in China’s technological landscape. Li’s remarks were made...
China Southern Airlines is poised to take to the skies with a history-making flight! Buckle up for China’s longest international route yet, connecting the bustling metropolis of Shenzhen with the vibrant heart of Mexico City. This epic journey, featuring a convenient layover in Tijuana, will take its inaugural flight on April 17th. But the excitement...
China’s auto industry kicked off 2024 with positive momentum, recording an 11.1% year-on-year increase in total vehicle sales to nearly 4.03 million units in the first two months, according to data from the China Association of Automobile Manufacturers (CAAM). This growth was mirrored in production, with auto output climbing 8.1% year-on-year to 3.92 million units...
China is taking steps to address the growing issue of “invisible overtime,” where employees are expected to respond to work messages and handle tasks outside of regular working hours. This follows a recent Supreme Court ruling recognizing such work as compensable overtime. Lyu Guoquan, head of the trade union federation, proposed a legal framework for...