China is making a significant push to attract foreign investment by offering greater access to its markets. An action plan released by the government outlines a series of reforms aimed at boosting economic growth, technological advancement, and global competitiveness. The plan focuses on two key areas: shortening the negative list for foreign investment and implementing … Read more
Shenzhen is setting its sights on becoming a world leader in ultrafast broadband by the end of 2024. The city unveiled an ambitious action plan outlining its strategy to achieve this goal. The plan focuses on four key areas: expanding its 5G network, promoting data center construction, advancing satellite internet capabilities, and prioritizing applications for … Read more
Renowned technological hub Shenzhen is strategically expanding its focus to solidify its position as a leader in healthcare manufacturing. To accelerate this growth, the city government is joining forces with Fosun Pharma, one of China’s biggest pharmaceutical producers, to establish a massive US$700 million healthcare fund. This 10-year initiative, spearheaded by the Shenzhen Guidance Fund … Read more
Apple is further solidifying its presence in China by expanding its research and development (R&D) footprint. This move positions them to leverage the country’s manufacturing prowess and booming innovation scene to create even better products. The company isn’t alone in recognizing China’s growing appeal. Despite global economic uncertainties, China remains a magnet for foreign high-tech … Read more
Chinese tech giant Alibaba is injecting $640 million (HK$5 billion) into Hong Kong’s entertainment industry over the next five years, aiming to reignite the territory’s cultural and film scene. This significant investment goes beyond just cash. Alibaba’s digital media and entertainment arm is spearheading the initiative, allocating funds to support Hong Kong-produced television dramas, movies, … Read more
Africa’s bustling mobile phone market boasts a surprising leader – a Chinese company called Transsion, unknown to most in mainland China itself. Their secret? Deep understanding of the African market and a laser focus on affordability. Transsion’s success story began in 2008 on Nairobi’s Luthuli Avenue, starting small from a second-floor office. Today, their brands … Read more
Denmark may boast a GDP of approximately 430 billion dollars, but within its borders lies a pharmaceutical giant that dwarfs the nation’s economic output. Novo Nordisk, a Danish company specializing in healthcare, carries a market cap exceeding 604 billion dollars, surpassing even luxury powerhouse LVMH. This year alone, Novo Nordisk has soared past Tesla in … Read more
As of March 8, 2024, Zhong Shanshan reigns supreme as China’s wealthiest individual, boasting a staggering net worth of 62.7 billion U.S. dollars. Following closely behind is Zhang Yiming with an estimated 43.4 billion, solidifying his position as the second richest person in the country. Colin Zheng Huang and William Ding round out the top … Read more
[cmsmasters_row][cmsmasters_column data_width=”1/1″][cmsmasters_text] The 2008 financial crisis sent shockwaves through the global economy, with banking giants like Lehman Brothers collapsing. While many industries faltered, a surprising sector emerged as a winner: fast fashion. As consumers tightened their belts, they turned to affordable, mass-produced clothing, propelling fast fashion brands like Boohoo and Asos to new heights. This … Read more
China, as evidenced by a recent government work report, has signaled a significant shift towards a more open and integrated economy. This report outlines a series of measures aimed at fostering a level playing field for foreign businesses by ensuring “national treatment” for foreign-funded enterprises, ultimately promoting mutual benefits. To achieve its goal of higher-standard … Read more