China’s economic challenges deepened in August, with consumption, industrial activity, and investment all showing signs of continued softening. Economists are increasingly warning that time is running out for significant government stimulus to revitalize growth and ensure the nation meets its annual economic targets. The urgency for action has been heightened by the new barriers facing...
A special trade exchange meeting was held at the Sky Museum in Shenzhen’s Futian District, blending business discussions with a showcase of China’s rich cultural heritage. Organized by the China Council for the Promotion of International Trade (CCPIT) Shenzhen, the event themed “Moon Shine in Shenzhen, Friendship Links the World” brought together over 100 participants...
Moscow-based EuroTrans, a major Russian petrol station operator, is planning to install EV charging stations along an expressway linking Russia and China. This initiative aims to support electric vehicle (EV) drivers by enabling them to travel long distances across Russia and into China without running out of power. The charging stations would be built along...
China has tested a new type of warplane on the Liaoning, the first aircraft carrier of the People’s Liberation Army (PLA) Navy, sparking widespread speculation that the jet could be the J-35, a next-generation carrier-borne stealth fighter. According to state broadcaster CCTV, Zhang Naigang, a seasoned pilot, flew the new aircraft earlier this year. Experts...
Hong Kong businesses operating in mainland China are adjusting to new legislation that gradually increases the retirement age, which could lead to higher manpower costs but also a more stable workforce. China’s top legislative body passed the law to extend the retirement age from 60 to 63 for male workers and from 55 to 58...
The Meizhou-Longchuan section of the Longyan-Longchuan High-speed Railway is set to open on Saturday, reducing travel time between Shenzhen and Meizhou in northeastern Guangdong Province to just 1.5 hours, according to Shenzhen North Station. This 94-kilometer section is part of the larger 290-kilometer Longyan-Longchuan High-speed Railway, linking Longyan in Fujian Province with Heyuan in Guangdong....
The Cyberspace Administration of China (CAC) has introduced a draft regulation aimed at standardizing the labeling of AI-generated synthetic content to safeguard national security and public interests. This draft, titled “Measures for Identifying AI-Generated Synthetic Content,” is open for public feedback until October 14, 2024. The regulation defines AI-generated synthetic content as any text, image,...
Apple’s decision to produce its newly launched iPhone 16 series in India signals a strategic shift as the tech giant seeks to diversify its supply chains amidst growing geopolitical tensions. Traditionally, Apple relied heavily on China for the production of its high-end smartphone models, while India handled lower-end and older versions of the iPhone. However,...
Three prominent industry groups in Hong Kong are urging the government to reduce the liquor tax rate from the current 100 per cent to 20 per cent in an effort to stimulate the city’s economy. The Hong Kong General Chamber of Wine and Spirits, the Hong Kong and Kowloon Provisions, Wine and Spirit Dealers’ Association,...
The inaugural China-Latin America and Caribbean (LAC) States Roundtable on Human Rights took place in Rio de Janeiro, Brazil, marking a historic milestone in cooperation between China and LAC nations. More than 120 senior officials, scholars, and experts from both regions gathered to discuss pathways to advancing human rights, emphasizing the importance of peace and...