China has been Latin America’s second largest trading partner since 2012, and last year total bilateral trade reached a record high of US$486 billion. Against the backdrop of the ongoing friction between Beijing and Washington, and the latter’s push for nearshore trade, Mexico has been the biggest beneficiary.
Economy
Technology
China’s tech sector has been making mass layoffs, freezing hiring and cutting pay since 2022, and there is little sign of a bounce-back. Cost reductions, efficiency enhancement or talent structure optimisation are often the words these companies use. But what is really weighing on the job market are sluggish business growth, intensified market competition and the unprecedented challenges of the business landscape amid new technology.
Economy
The market for Chinese developers’ dollar-denominated bonds has seen a meltdown over the past two years, losing 87% of its value, sparking renewed calls for a fresh approach to stimulating the property market.
Society
More than 1.2 million Chinese studying overseas are expected to return home this year, but the hunt for a job this year could be tougher than in past years for these overseas graduates. In the countries where they studied, Chinese graduates are also finding it hard to secure a job. With global economic growth slowing and unemployment rising, some countries have accelerated the pace of stabilising their job markets this year, including tightening visa rules.
Economy
To maintain Huawei’s consumer products sales channels, Richard Yu, chairman of Huawei’s smart car unit, created Huawei Smart Selection model to partner with automakers to make cars and sell them at nearly 60,000 Huawei phone stores across the country. But the Smart Selection model is not without variables and risks from its partners. Caixin Global journalists tell us more.
Economy
China's economic boom has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses in the country. But many of these businesses are facing a challenge now: who will be their successor? Caixin journalists tell us more.
Economy
A broader depression has been weighing on the country’s supermarket sector, especially for big-box retailers that are fighting the rising tide of competition from online shopping platforms and smaller physical stores.
Technology
The Chinese national team won the first e-sports gold medal at the Asian Games, marking a landmark moment in the country’s gaming history. But with Beijing cracking down on youth gaming addiction and parents frowning upon it as a professional career path, what will it take for e-sports to go mainstream in China?
Society
Cybercrime scams and the related kidnappings have exploded since 2020, when the Covid-19 pandemic and subsequent economic downturn fuelled the number of such crimes, including fake online romantic ploys, bogus investment pitches and illegal gambling schemes. Scam centres were concentrated in Cambodia, but have now been found in Laos and Myanmar, and at least four other Asian countries have become human trafficking hubs.