Tesla Breaks Ground on Second Shanghai Gigafactory as China Boosts Foreign Investment
Tesla begins construction on its second Shanghai Gigafactory as China strengthens efforts to attract foreign investors, highlighting growing business ties.
Business
Insights on global markets, startups, tech giants, and economic trends shaping the G20 and beyond.
The Chinese Mainland: Powering Global Economic Growth
The Chinese mainland’s economy has surged from 59 trillion yuan in 2013 to $17.7 trillion in 2023, positioning it as a global growth leader.
Foreign Investors Show Resilience in China’s Market, Boost New Firms
Foreign investors remain optimistic about China’s market, despite a 28.2% drop in FDI. The rise in new foreign firms highlights enduring confidence amid ongoing reforms.
China’s Yuan Loans Soar to $1.86 Trillion in H1 2024
China’s yuan-denominated loans surged by $1.86 trillion in H1 2024, driven by a booming manufacturing sector and external demand, according to central bank data.
Boosting Competitiveness: Professor Lochel on Win-Win Trade
Professor Horst Lochel emphasizes that enhancing competitiveness is key to achieving mutually beneficial trade, in light of the EU’s new tariffs on Chinese electric vehicles.
Malaysia-China Palm Oil Trade Drives Green Development
In H1 2024, Malaysia-China palm oil trade surged, playing a pivotal role in advancing green development and sustainable practices in the industry.
EU Cracks Down on Elon Musk’s X for Breaching Online Content Rules
EU tech regulators rule that Elon Musk’s X breached online content rules, potentially leading to hefty fines and major operational changes.
Chinese Mainland’s Foreign Trade Soars 6.1% in H1 2024, Sets Record High
The Chinese mainland’s foreign trade surged by 6.1% in H1 2024, reaching a record high of ¥21.17 trillion ($2.9 trillion). Exports grew by 6.9%, and imports by 5.2%.
China’s Visa-Free Policy Spurs 152% Surge in International Tourism
China’s expanding visa-free ‘friends circle’ has led to a remarkable 152% increase in international tourists in the first half of the year, highlighting the nation’s growing appeal and improved accessibility.
China’s CPI Steady as Economy Shows Resilient Recovery in June
China’s June CPI rises 0.2% YoY as non-food prices bolster economic recovery, while food prices show mixed trends.