Business

China and ASEAN Strengthen Ties Through Smart Machinery and Green Energy Cooperation

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At the China-ASEAN Expo in Nanning, China’s Guangxi LiuGong Machinery Co., Ltd. showcased its cutting-edge intelligent loader, a driverless machine operated via remote control, catering to the demands of mining and construction companies in ASEAN nations. This loader exemplifies LiuGong’s focus on electrification, digitization, and interconnectivity in construction machinery, a strategy that has driven the … Read more

Shenzhen’s Container Throughput Surges by 16.33%, Driven by NEV Exports and Cross-Border E-Commerce

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Shenzhen’s container throughput reached an impressive 20.25 million twenty-foot equivalent units (TEUs) from January to August this year, marking a significant 16.33% year-on-year growth, according to Shenzhen Customs. The city’s exports of new energy vehicles (NEVs) have also experienced notable growth, with the value of NEV exports hitting 15.15 billion yuan (US$2.14 billion) in the … Read more

Hong Kong to Consider Easing Restrictions on Japanese Seafood Imports Amid Beijing’s Gradual Lift of Ban

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Hong Kong authorities will seek further information from both Tokyo and Beijing to explore the possibility of easing the current restrictions on seafood imports from 10 Japanese prefectures. This comes after the central government announced plans to “gradually” lift its ban on Japanese seafood imports, which had been imposed in response to the discharge of … Read more

Nio’s Onvo L60 Set to Compete with Tesla Model Y in China

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Nio is gearing up to challenge Tesla’s dominance in the Chinese electric vehicle market with the launch of its new Onvo L60 SUV. Scheduled for release later this month, the L60 is set to make waves with its competitive pricing and innovative features. The Onvo L60 will be priced at 206,900 yuan (US$29,267), significantly undercutting … Read more

Chinese mainland suspends zero tariffs for 34 agro-products from Taiwan

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The Customs Tariff Commission of the State Council has announced that the policy of exempting import duties on 34 agricultural products, including fresh fruits, vegetables and seafood originating from China’s Taiwan region, will be suspended from September 25. The relevant import tariffs on these agricultural products will be applied in accordance with the current regulations, … Read more

Toy Giant Shuts Down After 75 Years in Hong Kong, Offering Inventory to Other Vendors

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After about 75 years in business, the Oriental Trading Company Hong Kong Limited, a long-standing toy giant, is shutting down, much to the sadness of Hong Kong residents who fondly remember the company for shaping their childhoods. The closure was announced through a social media post by reseller Tai Fook Hong, revealing that the toy … Read more

China’s Commerce Minister Meets with Italian Automotive Leader to Address EU Tariffs on Chinese EVs

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China’s Commerce Minister, Wang Wentao, met with Roberto Vavassori, President of the Italian Association of the Automotive Industry, in Italy on Saturday to discuss the European Commission’s (EC) tariffs on Chinese electric vehicles (EVs) and foster cooperation between China and Italy in the EV sector, according to the Ministry of Commerce (MOFCOM) on Sunday. This … Read more

DHL Expects Surge in China Exports, Plans €100 Million Investment for Q4 2024

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DHL, the global cargo forwarding giant, announced plans to invest €100 million (US$110.3 million) in anticipation of a surge in Chinese exports during the final months of 2024. The company foresees a significant increase in outbound transport from China to global markets, particularly as the year-end peak approaches. In a statement released on Thursday, DHL … Read more

Russian Petrol Station Operator to Support EV Travel from Moscow to China, Boosting Chinese EV Imports

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Moscow-based EuroTrans, a major Russian petrol station operator, is planning to install EV charging stations along an expressway linking Russia and China. This initiative aims to support electric vehicle (EV) drivers by enabling them to travel long distances across Russia and into China without running out of power. The charging stations would be built along … Read more

Apple Expands iPhone Production to India Amid Geopolitical Tensions

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Apple’s decision to produce its newly launched iPhone 16 series in India signals a strategic shift as the tech giant seeks to diversify its supply chains amidst growing geopolitical tensions. Traditionally, Apple relied heavily on China for the production of its high-end smartphone models, while India handled lower-end and older versions of the iPhone. However, … Read more