BYD Co. has crossed a historic threshold, becoming the world’s first automaker to churn out a staggering 7 million new energy vehicles (NEVs). This milestone achievement was marked by the Denza N7, which triumphantly rolled off the production line at BYD’s Jinan factory in China’s Shandong Province. This feat signifies not only BYD’s dominant position...
A new United Nations report lays bare a truth as sobering as it is shocking: the world is mired in a colossal food waste crisis. This isn’t a matter of forgotten childhood lessons about finishing our meals; it’s a global problem with devastating consequences. The report throws a staggering statistic at us: a mind-boggling one...
A new report by the Hurun Global Rich List 2024 reveals a significant increase in the number of billionaires worldwide. The list identifies a staggering 3,279 billionaires. This surge reflects a growing concentration of wealth at the very top. The Hurun Research Institute likely surveyed 2,435 companies to compile this data on billionaires, compared to...
The United States government is pushing for the forced sale of TikTok, owned by Chinese tech giant ByteDance, citing security concerns. However, this narrative crumbles under scrutiny. Despite complying with US regulations, TikTok, valued at a staggering $300 billion, faces the possibility of a ban, raising questions about the true motives behind this push. There’s...
Apple’s commitment to China’s tech market deepens as Tim Cook, the company’s CEO, recently announced the arrival of the Vision Pro headset in the mainland this year. The news comes from Chinese state media, citing Cook’s response to a media query during the China Development Forum held in Beijing. CCTV finance, on its Weibo social...
Ping An Insurance, China’s largest insurer by market capitalization, reported its 2023 earnings, revealing a 23% year-on-year decline in net profit to 85.67 billion yuan (US$11.9 billion). This marks the company’s lowest earnings in five years, according to revised data reflecting new accounting standards. Despite the drop in net profit, Ping An’s core insurance business...
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...