Although Chinese fast fashion platforms such as Shein and Temu are gaining pace in the US, they could be the target of stringent US regulations over a variety of concerns such as personal data risks and trade loopholes.
Economy
Economy
The diverging performance of China’s ports reflects a shift in trade for the world’s largest exporter. A growing proportion of shipments are destined for emerging markets such as countries in the Association of Southeast Asian Nations, the Middle East and Latin America, and an increasing share of exports consist of intermediate goods and capital items. Meanwhile, the shift in demand for Chinese exports is driving up prices for container shipping, squeezing margins for China’s small, private exporters.
Economy
Chinese businesses are flocking to Saudi Arabia, in what they see as the latter's "reform and opening up" period of opportunities. While bilateral trade and investment has increased, the Chinese also see Saudi Arabia as a gateway for the Middle East market, in emerging fields such as cloud services and artificial intelligence, and as a vibrant venture capitalist hub.
Technology
By 2024, the performance of Chinese autonomous smart cars will match that of Tesla at the end of 2022 and early 2023, say Chinese industry experts. But while the commercial prospects for autonomous vehicles are promising, the road leading to them is bumpy as automakers are still in search of effective, affordable technology solutions.
Technology
Major staff cuts at the metaverse units of ByteDance and Tencent have highlighted the sometimes disorganised ways that big tech firms have handled investments in new businesses. Now, grand development plans have been shelved, not so much because of a looming regulatory risk, but because of the difficulties of navigating a vaguely defined sector with patchy overall demand.
Technology
Chinese component suppliers are trying to curb their reliance on Apple, the latest American giant caught in the US-China tug of-war. In the early days, Chinese firms able to make it onto Apple’s supplier list were able to breathe a little easier. But with reliance comes exposure, and a need to adapt amid news of Apple's decreasing sales and rumoured plans of making production shifts to other countries.
Economy
China’s auto market has been rattled by a brutal price war since late last year amid slowing sales. Sales of electric vehicles have plunged since a government subsidy expired at the end of last year and as consumers remain hesitant about spending.
Economy
Two of China’s largest container truck yards near the major port city of Ningbo in Zhejiang province have been filled with nearly 3,000 idle vehicles with no cargo to haul since early March, and the situation could get even worse with the delivery of new vessels. Could overcapacity in the industry lead to a price war?
Economy
A fierce price war has erupted as China’s auto sector enters lean times, with sales plunging since a government subsidy on EV purchases expired at the end of last year. New energy and conventional fossil fuel car makers alike are battling it out to gain a larger slice of the pie to survive.