China is the world’s largest manufacturer in terms of output and gained a reputation as the “world’s factory” shortly after its accession to the World Trade Organisation (WTO) in 2001. Lured by cheap labour, China’s new commitment to opening up its economy, and low tariff access to Western markets, all due to its WTO entry, foreign firms and investors rushed to do business in the world’s most populous country in the new millennium. Aided by state investment, China has since become a world leader in the manufacture of steel, car parts, chemical fertilisers, technology, robotics.
President Xi Jinping is right to make this call as the move is needed to stabilise the economy at a time of high youth unemployment in China.
China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 50.7 in November from 49.5 in October, data released on Friday showed.
Speakers at supply chain forums repeatedly brought up tech and innovation as ways for China to avoid uncertainties and maintain its place as the world’s manufacturing hub.
China’s official manufacturing purchasing managers’ index fell to its lowest reading since July, with the non-manufacturing gauge falling to the lowest level this year.
A leading Chinese semiconductor company has made the country’s first new-generation mobile memory chips, achieving key progress in catching up with foreign rivals.
As purchase orders for the C919 commercial jet continue to grow, overseas suppliers and services are rushing to join China’s aviation expansion, despite concerns over geopolitics and intellectual property.
It’s been one year since the public release of ChatGPT, kick-starting an AI race that is commanding vast resources by Chinese firms looking to cash in on ‘frontier tech’.
The Taiwanese company, formally known as Hon Hai Precision Industry, has been diversifying its business outside mainland China, as tensions rise between Washington and Beijing.
The company says it reached the milestone in the second quarter, with most devices sold outside China.
Pharmaceutical companies are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, industry insiders said.
Chinese server maker H3C Technologies will cut the pay of its mid-to-senior-level employees by up to 20 per cent, as the impact of US tech sanctions spreads to the digital infrastructure market.
The Conference Board think tank’s twice-yearly survey finds that confidence among dozens of polled CEOs has taken a big hit while Beijing struggles to stimulate the market and lure investors.
Volkswagen is developing a new platform for entry-level electric vehicles in China and use more local components to lower costs, as the German company seeks to regain lost ground in the world’s biggest car market.
After a prolonged delay, the Shanghai International Commercial Airshow has come in for a landing – and Chinese engines are powering its return.
China’s southern province of Guangdong pledged to build a so-called Digital Bay Area amid efforts to create a driving force for high-quality economic and social development.
Ex-Chongqing mayor Huang Qifan says China’s underinvestment in original innovation, as well as a services trade deficit, should be addressed.
The International Supply Chain Expo kicks off next week and is expected to show progress in China’s self-sufficiency drive as ‘de-risking’ becomes more prevalent in a time of geopolitical uncertainties.
Known for his critical assessments of China’s economy, Yu says there is ‘very big room’ for more expansionary fiscal policies, and time is of the essence in adopting them – or bigger risks could emerge.
Hopes for stronger copper consumption were raised by a pledge from China’s central bank to ensure financing support for the property sector, a major consumer of industrial metals.
New Delhi will provide subsidies under a scheme to boost domestic manufacturing and strengthen the South Asian country’s bid to become a major hub in the global electronics supply chain.
During a three-day tour of China’s northeast, a former centre of industry, Premier Li Qiang has placed seemingly deliberate focus on the country’s continuing efforts to break through bottlenecks.
American semiconductor equipment maker Applied Materials is under criminal investigation for potentially evading export restrictions on China’s top chip foundry SMIC, according to three people familiar with the matter.
Many businesses from across the Taiwan Strait are still hoping to cash in on the mainland Chinese market, but red tape and other legal requirements and checks make it a daunting challenge.
China’s retail sales rose in October, year on year, but real estate investment fell again in the first 10 months of the year, with the mixed economic data pointing to an uneven and precarious recovery.
The current production capacity for Huawei’s Mate 60 Pro 5G smartphone cannot meet demand, resulting in wait time for orders of up to three months.
It remains to be seen how much power the two-month-old division will wield as policymakers have failed to counteract the nation’s sluggish economic recovery and ongoing property crisis this year.
Chinese companies are flocking to Morocco as it positions itself at the heart of the electric vehicle revolution.
Apple supplier Luxshare Precision to invest an additional US$330 million in planned plant in Vietnam as US tech giant’s supply chain diversification continues.
A deepening of food-price deflation saw China’s consumer price index (CPI) fall in October from a year earlier, while the producer price index (PPI) fell for the 13th month in a row.
China’s largest chip maker helped Huawei build the advanced processor for the new Mate 60 Pro-series 5G smartphones.