Soaring high at the Singapore Airshow, China’s domestically developed C919 single-aisle passenger jet secured a significant new order, marking a crucial milestone for the aircraft and China’s aviation ambitions. Tibet Airlines inked a deal for 40 C919s, signaling not just a successful sale, but several key developments: his landmark deal marks the C919’s official entry … Read more
China’s recent Spring Festival holiday witnessed a remarkable resurgence in travel, marking a 280% surge compared to the previous year with 13.52 million inbound and outbound trips. This translates to a daily average of 1.69 million journeys, bringing travel close to 90% of pre-pandemic levels. While the tradition of family reunions remains deeply ingrained, with … Read more
Shenzhen is surging ahead in the race for new listings. As of January 31st, 2024, 58 companies from the city had filed IPO applications, outpacing major competitors like Shanghai and Beijing. This puts Shenzhen in the driver’s seat for 2024, despite a significant drop in applications since stricter regulations were implemented in August 2023. However, … Read more
Beijing welcomed a staggering 17.4 million visitors during the recent eight-day Spring Festival holiday, a 37.4% increase compared to last year, according to the city’s tourism bureau. This influx led to a 40.6% jump in tourism revenue, reaching an impressive 28.65 billion yuan (about $4 billion). Traditional temple fairs were a major draw, attracting over 5.16 million … Read more
China’s intellectual property landscape is booming, with the number of high-value invention patents exceeding 1.66 million by the end of 2023. This represents a 25.7% increase year-on-year, showcasing the country’s growing commitment to innovation. This surge translates to an average of 11.8 high-value invention patents per 10,000 people nationwide, demonstrating the widespread impact of innovation … Read more
China continues to dominate the global market for new energy vehicles (NEVs), accounting for a staggering 63.5% of all sales in 2023. This represents a significant jump from the previous year, with China selling a whopping 8.87 million NEVs – an impressive 37% increase. NEV penetration within China itself is also soaring, reaching nearly 30% … Read more
Africa’s trade relationship with China, its largest partner for 15 years running, showed mixed results in 2023. While total trade volume edged up 1.5% to $282.1 billion, a worrying trend emerged: Africa’s trade deficit with China ballooned significantly. Chinese exports to the continent surged 7.5% to $173 billion, while imports from Africa dipped 6.7% to … Read more
Nvidia’s scorching rally shows no signs of abating. Just a day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well, solidifying its dominance in the tech sector. Fueled by an insatiable demand for its artificial intelligence (AI) accelerators, Nvidia’s stock price continues to climb, reaching a market capitalization … Read more
China’s foreign trade continued its positive trajectory in November, with total imports and exports increasing by 1.2% year-on-year, according to data released by the General Administration of Customs. This marks the second consecutive month of growth for the sector, further solidifying the trend of stability in foreign trade. November’s performance was driven by a 1.7% … Read more
The 61st edition of the “Car of the Year” in Europe already has the seven models that aspire to the most prestigious title in the world of the automotive industry and that, since 1964, has chosen the best car of the year in Europe. The jury made up of 59 specialized journalists from 22 countries … Read more