Xiaomi, the Chinese smartphone manufacturer, surprised the automotive industry by introducing its first electric car, the SU7, in March 2024. This move was unexpected, as many doubted that an electronics company without experience in car manufacturing could successfully enter auto production. Xiaomi’s EV Factory Xiaomi built a dedicated facility on the outskirts of […]
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Despite global economic challenges and escalating tech tensions, China’s integrated circuit (IC) industry has become a surprising powerhouse for unicorn startups. The semiconductor sector is outpacing all others in creating billion-dollar companies, bucking the overall trend of declining unicorn births in China. Shifting Landscape The number of new Chinese unicorns has dropped significantly in recent […]
Recent reports indicate a significant shift in consumer preferences in China, particularly towards sustainable and ethically sourced products. This change is driven by a growing awareness among Chinese consumers, especially the younger demographic, regarding sustainability and social responsibility. Key Insights on Consumer Behavior in China 1. Sustainability Awareness Chinese consumers increasingly associate sustainable products with […]
China challenges Tesla with low-cost humanoid robots. State support is driving development, but it remains to be seen who will win the race for artificial helpers. China’s Push into the Robotics Industry At this year’s World Robot Conference in Beijing, over two dozen Chinese companies presented humanoid robots designed for use in factories and warehouses. […]
China’s growing influence in Latin America and the Caribbean has been marked by significant economic engagement and strategic partnerships. In 2021, China emerged as the second-largest trading partner for the region, with trade volumes reaching nearly $450 billion, a remarkable increase from just $12 billion in 2000—an increase of almost 40 times. This surge in […]
Danny Quah, a professor at the London School of Economics (LSE), studied the dynamics of the global economy’s centre of gravity in a 2011 paper. He defined the economic centre of gravity as the average location of the planet’s economic activity, measured by GDP generated across nearly 700 identifiable locations on Earth’s surface. In 1980, […]
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Introduction “Made in China 2025” is a strategic plan launched by the Chinese government in 2015 with the aim of transforming China into a global leader in high-tech manufacturing. The plan sets ambitious goals for China to move up the value chain and become a major player in industries such as information technology, aerospace, new […]
After eight years, the United States has replaced China as Germany’s most important trading partner, with significant shifts, particularly in imports. In the first half of the year, the trade exchange with the U.S. amounted to approximately 127 billion euros, surpassing the 122 billion euros with China, according to Reuters’ calculations based on preliminary data […]
