China’s firms are taking flight, worrying its rulers
1 week, 2 days ago

China’s firms are taking flight, worrying its rulers

Live Mint  

FOR DECADES China has put foreign capital to work. China’s firms have so far resisted hiring local workers, buying from local suppliers or sharing technology, leading recipient countries in Asia and Europe to press for more tech transfer. Tariffs introduced by Donald Trump during his first term as president encouraged Chinese firms to move production in order to change their goods’ country of origin and thereby skirt duties. Local workers “rarely make up more than half" of the workforce on Chinese-owned projects, says Ong Kian Ming, Malaysia’s former deputy minister of investment. An official in Jinjiang, the “zipper capital" of China, told state media that migrating firms will fail to replicate the city’s supply chains.

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History of this topic

Beijing pushes to use China-made chips in its EVs
1 week, 1 day ago

Beijing pushes to use China-made chips in its EVs

Live Mint  

SINGAPORE—China isn’t satisfied with becoming the world’s dominant maker of electric vehicles. U.S. Trade Representative Katherine Tai said there was evidence China used “extensive anticompetitive and non-market means" to achieve self-sufficiency, and the Commerce Department has said subsidized low-cost Chinese chip makers might flood the global market and drive down prices. Earlier in 2024, officials from China’s Ministry of Industry …

US, EU can ride the tide of China's EV success
1 week, 6 days ago

US, EU can ride the tide of China's EV success

China Daily  

JIN DING/CHINA DAILY The rise of Chinese-made electric vehicles in the global market has drawn both admiration and criticism. China's leadership in promoting sustainable development through EVs has contributed significantly to international efforts to address climate change. At a time when climate change and geopolitical tensions are creating divisions in the international community, the Chinese EV industry presents a unique …

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs
2 weeks, 2 days ago

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Live Mint  

-- Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in November, down from 8.2% in October, according to automotive researcher …

Chinese chip firms say they can withstand new US export curbs
1 month ago

Chinese chip firms say they can withstand new US export curbs

Deccan Chronicle  

Beijing/Seoul: Chinese chip companies targeted by Washington with fresh export controls have vowed to speed up supply chain localisation and said they would be able to continue production thanks to recent efforts to build equipment stockpiles. While Chinese authorities called the move "economic coercion", the measures appeared to have little impact on chip-making stocks, which rose slightly on Tuesday as …

Riding toward a cleaner, greener world
1 month, 2 weeks ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Riding toward a cleaner, greener world
1 month, 2 weeks ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

China's door opening even wider to foreign visitors, businesses
2 months ago

China's door opening even wider to foreign visitors, businesses

China Daily  

The skyline of Beijing. On top of the national level import-themed expo, China has recently unveiled a series of initiatives, including broadened visa-free policies and eased investment restrictions, to open its doors even wider to foreign visitors, investors and business doers. This year's CIIE, running on Nov 5-10 in China's commercial hub of Shanghai, brings together participants from 152 countries, …

China's door opening even wider to foreign visitors, businesses
2 months ago

China's door opening even wider to foreign visitors, businesses

China Daily  

The skyline of Beijing. On top of the national level import-themed expo, China has recently unveiled a series of initiatives, including broadened visa-free policies and eased investment restrictions, to open its doors even wider to foreign visitors, investors and business doers. This year's CIIE, running on Nov 5-10 in China's commercial hub of Shanghai, brings together participants from 152 countries, …

China holds wide appeal for investors
2 months ago

China holds wide appeal for investors

China Daily  

Motivated by China's complete removal of market access restrictions for foreign investors in the manufacturing sector, executives from multinational corporations attending the seventh China International Import Expo said they will deploy more resources in the country, with a particular focus on high-end manufacturing. Attracted by China's innovation capability, business model transformation and bilateral and multilateral free trade deals, many global …

Global Manufacturers Embracing China's Manufacturing Revival: CIIE 2024
2 months ago

Global Manufacturers Embracing China's Manufacturing Revival: CIIE 2024

China Daily  

Motivated by China's complete removal of market access restrictions for foreign investors in the manufacturing sector, multinational corporations attending the seventh China International Import Expo are expected to deploy more resources in the country, with a particular focus on high-end manufacturing.

Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report
4 months ago

Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report

Firstpost  

China has spent a record $25 billion in buying chipmaking equipment so far this year and is expected to spend $50 billion by the end of the year Amid an escalating trade war with the West, China has emerged as the top buyer of chipmaking tools this year, according to a report. Amid such a conflict, the Semiconductor Equipment and …

Foreign direct investment in China optimizes, upgrades
4 months, 1 week ago

Foreign direct investment in China optimizes, upgrades

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. According to the United Nations Conference on Trade and Development's Global Investment Trends Monitor, excluding higher values in a few European conduit economies, global FDI flows had dropped by 18 percent in 2023, …

Chinese EV giant BYD posts 24.4% rise in profit
4 months, 1 week ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Chinese funds help energize Global South
4 months, 1 week ago

Chinese funds help energize Global South

China Daily  

An employee works on an assembly line of electric buses, whose components are imported from China, in Addis Ababa, Ethiopia, in March. Today, Chinese firms, especially those engaged in sectors like high-end manufacturing and trade-in services, are adapting their strategies to better align with the changing global market environment. Over the past five years, with the global landscape evolving rapidly, …

Chinese electric cars will be dumped in Britain, experts warn
4 months, 3 weeks ago

Chinese electric cars will be dumped in Britain, experts warn

The Telegraph  

Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of EVs. “The UK is …

Foreign investors pull record money from China. Here's why
4 months, 4 weeks ago

Foreign investors pull record money from China. Here's why

Hindustan Times  

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy. China’s direct investment liabilities in its balance of payments dropped almost $15 billion in the April-June period, marking only the second time this figure has turned negative, according to data from the State Administration of Foreign Exchange released Friday. …

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
5 months ago

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

Associated Press  

WASHINGTON — It was billed as the “biggest ever economic development project” in north Michigan when Gov. “The main reason is U.S.-China rivalry, and the U.S. government prioritizes ‘national security’ over economic interests in dealing with China.” Lizhi Liu, an assistant professor of business at Georgetown University, said the trend, along with the decline of U.S. investments in China, could …

Tariff hike fears drive Chinese EV sales
5 months, 1 week ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Nation's opening to further intensify
5 months, 3 weeks ago

Nation's opening to further intensify

China Daily  

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

Efforts to draw more foreign investment
5 months, 3 weeks ago

Efforts to draw more foreign investment

China Daily  

chinadaily.com.cn| Updated :2024-07-17 Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer …

Efforts to draw more foreign investment
5 months, 3 weeks ago

Efforts to draw more foreign investment

China Daily  

Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological …

Efforts to draw more foreign investment
5 months, 3 weeks ago

Efforts to draw more foreign investment

China Daily  

Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological …

Efforts to draw more foreign investment
5 months, 3 weeks ago

Efforts to draw more foreign investment

China Daily  

JIN DING/CHINA DAILY China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological advancements are strong incentives for foreign businesses seeking opportunities to …

New advantages, new challenges
6 months ago

New advantages, new challenges

China Daily  

MA XUEJING/CHINA DAILY As more Chinese enterprises go global and invest in developed economies, they should be prepared to encounter more barriers and face fiercer competition Data from the State Administration of Foreign Exchange show that China's outbound direct investment amounted to $185.3 billion in 2023, and the importance of ODI is expected to grow in the coming years. As …

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
6 months ago

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Associated Press  

TANGIERS, Morocco — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. “We have flexibility to be able to comply with all the changes in interpretation or rules.” The Chinese battery projects include at least three joint ventures and …

Nation vows to further deepen opening-up
6 months, 1 week ago

Nation vows to further deepen opening-up

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired by Premier Li Qiang, …

Nation vows to further deepen opening-up
6 months, 1 week ago

Nation vows to further deepen opening-up

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired …

Nation vows to further deepen opening-up
6 months, 1 week ago

Nation vows to further deepen opening-up

China Daily  

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

Nation vows to further deepen opening-up
6 months, 1 week ago

Nation vows to further deepen opening-up

China Daily  

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

The brutal truth about the West’s war on Chinese electric cars
6 months, 3 weeks ago

The brutal truth about the West’s war on Chinese electric cars

The Telegraph  

Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Western manufacturers such as Tesla and BMW – which make cars in China and then ship them to Europe – risk being the biggest losers from the EU’s tough new tariffs crackdown on EV imports. At least, that’s the counter-intuitive conclusion being drawn by …

Chinese autos looking to meet global demand
7 months, 1 week ago

Chinese autos looking to meet global demand

China Daily  

Visitors check out SW products during a machine expo in Shanghai in April 2018. Norbert Wiest, general manager of SW China, the Chinese branch of German machine tool maker SW, said, "It is logical for China's car industry to go global." Wiest said SW's Hungary branch saw a business boom in the past two years, largely due to orders from …

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels
7 months, 1 week ago

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels

ABC  

Australia's roads have long been dominated by the auto giants of Japan, Germany and the United States but China is fast earning its spot in the garage of glory. Marina Zhang, from the University of Technology Sydney's Australia-China Relations Institute, said while "substantial industrial policies and financial subsidies" had helped its EV industry mature, China also had several competitive advantages. …

China's new-energy sector draws interest of global investors
7 months, 2 weeks ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

Multinationals still invest big in China's green drive
8 months, 1 week ago

Multinationals still invest big in China's green drive

China Daily  

Amid foreign media's report that China's green-tech manufacturing boom draws concerns about overcapacity, multinational corporations in China are still investing big in the country's green economy drive, voting with their feet. At the end of April, Milwaukee, United States-based industrial automation company Rockwell Automation said that the company is planning to drive more collaborations in China's strategic emerging industries, such …

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
8 months, 2 weeks ago

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. Price cuts across various brands after Xiaomi's launch, from the Huawei Aito M7 to the 2024 Xpeng G9, demonstrate the dynamic nature of China's EV market. However, the fierce competition in China's new energy vehicle market, including price wars …

Chinese automakers redefine the car as a living space at Beijing Auto Show
8 months, 2 weeks ago

Chinese automakers redefine the car as a living space at Beijing Auto Show

Associated Press  

BEIJING — How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? The seemingly never-ending efforts of China’s electric car makers to redefine the automobile went on display Thursday at the opening of the nation’s largest annual auto show. …

How Beijing buried Western industry under a wave of cheap electric cars
8 months, 2 weeks ago

How Beijing buried Western industry under a wave of cheap electric cars

The Telegraph  

China’s EV industry is benefiting from low labour costs, economies of scale from a large home market and a command economy that made battery and EV production a focus of China’s five-year plan introduced in 2021. BYD, which last year briefly eclipsed Tesla as the world’s biggest EV maker, plans to start production in Thailand this year with an annual …

Policies can create growth momentum
8 months, 2 weeks ago

Policies can create growth momentum

China Daily  

MA XUEJING/CHINA DAILY Foreign investments have had a long history of facilitating industrialization in China. In the early 1980s, China expanded its preferential policies to attract foreign investment, and the inflow of much-needed foreign equipment and capital at that time helped expand China's industrial capacity and sophistication. In that context, China's need for foreign investments for pushing forward new quality …

Policies can create growth momentum
8 months, 2 weeks ago

Policies can create growth momentum

China Daily  

MA XUEJING/CHINA DAILY Foreign investments have had a long history of facilitating industrialization in China. In the early 1980s, China expanded its preferential policies to attract foreign investment, and the inflow of much-needed foreign equipment and capital at that time helped expand China's industrial capacity and sophistication. In that context, China's need for foreign investments for pushing forward new quality …

Are Chinese electric vehicles taking over the world?
8 months, 2 weeks ago

Are Chinese electric vehicles taking over the world?

Al Jazeera  

Western car makers, already bruised by the scramble among themselves for a share of the electric vehicle market, are facing a much more fearsome foe – China and its aggressive investment into the sector. According to Adamas Intelligence, a Canadian independent research and advisory firm: “From 2024, Chinese buyers would not have to pay tax on a full electric vehicle …

China’s highflying EV industry is going global. Why that has Tesla and other carmakers worried
8 months, 3 weeks ago

China’s highflying EV industry is going global. Why that has Tesla and other carmakers worried

LA Times  

Staff members stand near a logo for BYD, China’s largest maker of electric vehicles, as they wait for visitors at the Beijing International Automotive Exhibition in 2016. “With Chinese automakers making inroads for most of the market share, that’s a huge challenge for foreign automakers.” China’s rapid expansion domestically and abroad has added fuel to a series of clashes between …

German firms vow to scale up investment in China
8 months, 3 weeks ago

German firms vow to scale up investment in China

China Daily  

A BMW Vision Neue Klasse is displayed next to the company's logo during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, Sept 4, 2023. BMW is confident of China's economic prospects and will scale up its investment in the country, said Oliver Zipse, board chairman of the German …

China Business Risks: Uncertainty for Foreign Firms
9 months, 2 weeks ago

China Business Risks: Uncertainty for Foreign Firms

The Hindu  

Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said. EU Chamber officials said China’s changing business environment partly reflects moves by Beijing to minimise risks due to trade friction and dependence on imports of key commodities or industrial products. “The number and severity of risks companies find themselves …

Foreign investors sanguine on China's economic potential, prospects for profits
9 months, 3 weeks ago

Foreign investors sanguine on China's economic potential, prospects for profits

China Daily  

The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Addressing the Guangdong Provincial High-quality Development Conference in Shenzhen recently, Jean-Marc Taton, chairman of ExxonMobil China, said ExxonMobil has already invested over 30 billion yuan in the first phase of its Huizhou ethylene …

Vantage | Why even the Chinese don't want to invest in China now
10 months ago

Vantage | Why even the Chinese don't want to invest in China now

Firstpost  

A woman reacts in front of an electronic screen displaying stock prices at a brokerage house in Hangzhou in east China's Zhejiang province, on 5 February, 2024. Chinese investors rush abroad For decades, China’s economy resembled a glamorous cruise liner, attracting investors from around the globe eager to partake in its prosperity. However, recent headlines from Beijing tell a different …

Chinese Investors Are Pouring Into the U.S., Japan
11 months, 2 weeks ago

Chinese Investors Are Pouring Into the U.S., Japan

Live Mint  

Chinese individual investors are desperate to shift their money out of the country—and they are willing to pay a big premium to do so. An exchange-traded fund launched by China Asset Management Co. traded at a 14% to 20% premium to its indicative net asset value over the first three days of the week. “The current craze for U.S. and …

Resilient made-in-China aims for higher ground
11 months, 3 weeks ago

Resilient made-in-China aims for higher ground

China Daily  

An employee works on the production line of an auto parts plant in Shenyang, Liaoning province. SHOWING GREAT RESILIENCE Pressurized by some nations' push to decouple and sever supply chains under the pretext of security and impose trade restriction measures in the name of "de-risking," China's manufacturing industry has maintained resilience and made advancement through persistent technological innovation, continuing to …

Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas
11 months, 4 weeks ago

Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas

Associated Press  

BEIJING — China’s auto exports surged 63.7% in 2023 while domestic sales, boosted by year-end incentives, rose 4.2%, an industry association said Thursday. They have also pushed into electric vehicles as government subsidies transformed China into the world’s largest EV market, even as car sales have stagnated overall. “What China is doing with the EV is it’s using its domestic …

The Wall Street Journal: Western anxiety about Chinese EVs could prove self-defeating
11 months, 4 weeks ago

The Wall Street Journal: Western anxiety about Chinese EVs could prove self-defeating

China Daily  

Workers inspect the charging equipment at a charging station at Dream Sea tourist resort in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY US "China hawks" should be cautious about overplaying their influence on electric vehicles in their political battle, according to a report by The Wall Street Journal. "The Biden administration is considering an increase in import taxes on Chinese …

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