Tag: China

New Zealand PM Hikpins to visit China
News

New Zealand PM Hikpins to visit China

      New Zealand Prime Minister Chris Hipkins said on Monday that he will lead a trade team to China at the end of this month. Hipkins told a weekly media conference that the New Zealand team would include leaders from a variety of industries, including dairy, tourism, education, and gaming. “Today I can […]

US, EU forge alliance to address China's export control
News

US, EU forge alliance to address China’s export control

In a significant move to address mounting concerns about China’s non-market practices, Washington and the European Union are set to announce their commitment to joint action and coordinated export controls. The draft statement, providing a glimpse into the upcoming EU-U.S. Trade and Technology Council meeting, reveals a strategic alliance aimed at tackling economic coercion and […]

Chinese economy grows beyond predictions - Report
Economy

Chinese economy grows beyond predictions – Report

After the end of the pandemic curbs, recent economic figures indicate that China, the second-largest economy in the world is definitely on a recovery route. According to Aljazeera, in the first quarter of 2023, China’s economy expanded by 4.5 percent year over year, indicating that the country’s rebound from Beijing’s rigorous “zero-COVID” measures has begun. The […]

The Black, Red and Yellow Germany's National flag
Business

Germany to help mineral-rich countries with processing infrastructure

The Chancellor of Germany,  Olaf Scholz announced on Sunday that Germany aims to help mineral-rich countries such as Chile, Indonesia, and Namibia in establishing their processing infrastructure to decrease their dependence on China. Reuters reported that Berlin is seeking to balance its relationship with China and decrease reliance on China for crucial inputs such as […]

China's National Flag
Business

China’s home prices hit highest in March 

An official data released on Saturday showed that new home prices in China rose at the fastest pace in 21 months in March, indicating that the housing market is picking up due to a series of supportive policies. However, there is some uncertainty about the sustainability of this growth momentum. According to Reuters’ calculations based […]

Minister of Economy, Trade and Industry of Japan
Business featured

G7 to finance climate action in developing countries 

Japan’s economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries reduce emissions, including financing decarbonisation in “hard-to-abate” industries. Reuters reported that the G7 ministers are meeting in Sapporo on Saturday and Sunday for climate and energy talks. Meanwhile, Nishimura emphasized that it is […]

China
Business

China’s exports hits unexpected inrease first time in six months

China’s exports saw an unexpected increase in March, rising 14.8% from that of 2022 after close to six months of declines. This surprised economists who had predicted a 7.0% fall. According to Reuters, officials attributed the rise to increased demand for electric vehicles, solar products, and lithium batteries. However, analysts caution that the jump may […]

Car sales slump 14% in six months - Report
Business

Volkswagen to increase number of EV stations in China

A senior executive at Volkswagen AG in China has restated the company’s commitment to speeding up the process of vehicle electrification in China, by increasing charging posts. This is  despite facing challenges such as increasing competition and weak demand. Reuters reported that Volkswagen has plans to increase the number of charging stations for electric vehicles […]

News

Why Elon Musk plans to visit China, April

  By Christian George Tesla’s CEO, Elon Musk, is set to visit China in order to woo more foreign investment to help shore up an economy battered by three years of COVID curbs. It would be recalled that the World Richest Man visited the Asian country in the year 2020 to launch his internet business. […]

Energy

Global renewable energy hits 9.6% increase in 2022

The total amount of renewable energy capacity worldwide reached 3372 gigawatts, representing an increase of 295 gigawatts or 9.6 per cent at the end of 2022. A noteworthy 83 percent of the entire power capacity added last year was generated by renewable sources. Renewable energy has continued to grow at a remarkable pace  indicating a […]

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing
Business

China cuts bank reserve first time in 2023

China’s central bank announced on Friday that it will reduce the amount of cash that banks must retain as reserves for the first time this year. The aim of the reserves cut according to the bank is to to maintain a surplus of liquidity and to promote the country’s economic recovery. The second-largest economy in […]

Foxconn
Business

Apple supplier Foxconn plans $200m AirPod factory in India

Apple’s largest IPhone assembler, Foxconn has won an order to make AirPods for Apple and plans to establish the factory for the wireless earphones in India. This was according to the information Igotten from two individuals with direct knowledge of the company’s decision and told Reuters. This contract will make Foxconn an AirPod supplier for […]