Americans excel at making breakthroughs from nothing, which is often seen as the most important, while Chinese are skilled at applying them extensively. However, the world needs both the breakthroughs and their extensive applications.
Sep 24, 2024
Foxconn’s future headquarters in Zhengzhou will primarily focus on four sectors: electric vehicles (EVs), battery energy storage systems, digital health and robotics.
Sep 20, 2024
Cook’s trip to Shanghai, as well as the warm welcome from Apple’s Chinese fans, is a result of the deepening of China’s opening up.
Apr 1, 2024
An increasingly conservative U.S. contrasted with an ever more open China is a profound shift in the global trade landscape.
Mar 12, 2024
For months those who keep an eye on China (and the world economy, such is its reliance on China) have been told how domestic consumption is to act as a panacea of sorts as the country transitions from its previous model driven by exports and domestic consumption, yet it might be time to pump the brakes on that idea. At the end of September, the Westpac MNI China Consumer Sentiment Indicator was the highest it had been since May 2014, with MNI Indicators Chief Economist Philip Uglow saying “Our cross-section of urban Chinese consumers seems oblivious to the tirade of negativity that surrounds China at the moment.” Yet the very next month, Chinese consumer sentiment dropped to the lowest recording since the indicator came into effect in 2007, and just like that Huw McKay, senior international economist at Westpac, was saying, “This result openly questions the resilience of the Chinese consumer to the discouraging state of the real economy.” That is quite the swing. Source: Westpac, Deutsche Borse Group Earlier this week, Reuters published an article detailing how China’s economic slowdown was hurting the global wine industry, just one of the many industries that was once looking to China for the explosive growth that was going to carry the sector […]
Nov 10, 2015