27 h. ago Agencies, IT companies impacted by latest malware from China

Agencies, IT companies impacted by latest malware from China  Federal News Network

Events

41 h. ago As China’s companies become industry leaders, where in the world are they going?

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. The “Made in China” label has evolved considerably in recent decades. Mostly found affixed to low-cost goods of relative simplicity in China’s early years as a...

Politics

3 d. ago Factory of factories: China’s manufacturers join wave of overseas expansions

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. China, known as the “world’s factory” after decades spent manufacturing and shipping much of the world’s consumer goods, is now going a step further: as a number of...

Politics

4 d. ago 1 in 3 European firms in China hit by export controls plan to divert sourcing

Roughly one-third of European companies in China affected by Beijing’s expanding export control regime intend to diversify their supply chains, with firms concerned about supply chain disruptions, long delivery delays and rising costs, a new survey has found. The European Union Chamber of Commerce in China found in a flash survey of 131 member companies that more than half expected to be hit by Chinese export controls, with the group calling for policymakers to find a long-term solution to...

Events

5 d. ago Does tokenisation in China risk a repeat of the P2P lending crisis?

The rapid rise of tokenisation risks repeating China’s earlier boom-and-bust cycle in peer-to-peer lending unless clear industry standards are established to ensure discipline and innovation, according to a senior Chinese asset manager. Some multilevel marketing companies in mainland China have already started holding meetings discussing real-world asset (RWA) tokenisation projects over the past year, raising “genuine concerns” that the nascent industry might be heading towards a...

Events

5 d. ago China Used to Be a Cash Cow for Western Companies. Now It’s a Test Lab.

China Used to Be a Cash Cow for Western Companies. Now It’s a Test Lab.  The Wall Street Journal

Politics

7 d. ago Indonesian durian sellers smell big opportunity in China, world’s largest market

Indonesia is looking to take a bite out of the lucrative durian trade to China following stronger bilateral cooperation in the sector, according to the Indonesian Durian Plantation Association. Since Indonesia signed a frozen durian export protocol with China’s General Administration of Customs last May, eight local companies have passed the verification process, according to an Antara news agency report on Wednesday. This means that Indonesian producers can export directly to China, bypassing...

Politics

7 d. ago Chinese homeless man fakes wealth, hires women for companionship, lives luxury life

A homeless Chinese man deceived others by posing as a wealthy individual and, over a span of 10 days, managed to “hire” five women for companionship, using their money to fund visits to high-end establishments, buy new clothes, and even acquire the latest smartphone. The scam came to light in August when police in Putuo District, Shanghai, received a report from a woman using the alias Liu Qian. She claimed that she had been swindled by a 36-year-old man surnamed Chen, who pretended to be a...

Society

7 d. ago China’s top economic planning agency warns of rise of too many robots

Beijing has flagged risks of excessive duplication in China’s rapidly growing humanoid robot sector, vowing to strengthen guidance for an industry that officials have identified as an important engine of future growth. Driven by an influx of new capital, the number of humanoid robot companies in China has climbed to over 150 and is continuing to grow, National Development and Reform Commission (NDRC) spokeswoman Li Chao told a news conference in Beijing on Thursday. “More than half of them are...

Events

8 d. ago China, EU shift Nexperia strategy: let the companies work it out

Both China and the European Union have signalled that a dispute over semiconductor maker Nexperia should be resolved at the corporate level, according to China’s Ministry of Commerce, as affected countries continue to seek a solution to supply-chain disruptions. The push for a corporate resolution came after two separate video conferences that Chinese Commerce Minister Wang Wentao had on Wednesday – with German Economy Minister Katherina Reiche and European Commissioner for Trade Maros...

Politics

8 d. ago Despite debt fears, one of China’s largest companies has refused to leave Africa

Despite debt fears, one of China’s largest companies has refused to leave Africa  Business Insider Africa

Politics

8 d. ago PetroChina, PipeChina set up two gas storage companies in China

PetroChina, PipeChina set up two gas storage companies in China  Reuters

Politics

9 d. ago China’s private defence firms; Beijing sets yuan fix: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s private defence companies see opportunities amid growing conflicts Escalating global conflicts could create opportunities for China’s private defence companies as customers, both at home and abroad, seek affordable and reliable military equipment, according to industry insiders. 2. Why China’s space sector is grabbing attention – including from Elon...

Economics

9 d. ago China’s private defence companies see opportunities amid growing conflicts

Escalating global conflicts could create opportunities for China’s private defence companies as customers, both at home and abroad, seek affordable and reliable military equipment, according to industry insiders. “The international landscape is highly favourable for our private enterprises’ participation in the defence industry,” said Li Yi, a researcher with Beihang University’s Shenzhen Research Institute. Li made the comments on Monday at a military exhibition in the southern city of...

Events

1 week ago China’s Top Companies Focus on AI Agents as Next Battleground

China’s Top Companies Focus on AI Agents as Next Battleground  Bloomberg.com

Events

1 week ago China’s cruise industry makes waves as new deal creates Asia’s largest fleet

China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive. China Tourism Group – one of the four companies – was designated as the operator of the venture at a signing ceremony hosted by China’s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV. After the deal goes through, the venture will operate Asia’s...

Politics

1 week ago China Tourism Group to chart new course in bid to dominate Asia’s cruise market

China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive. China Tourism Group – one of the four companies – was designated as the operator of the venture at a signing ceremony hosted by China’s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV. After the deal goes through, the venture will operate Asia’s...

Politics

2 w. ago China’s aerospace giants seek to boost arms sales abroad at global air shows

China’s aerospace manufacturers have become a growing presence at overseas air shows as the country seeks to expand its arms sales abroad, bolstered by technological advances in the defence and aviation industries. More than 1,500 companies took part in this year’s Dubai Airshow, the largest air show in the Middle East, including around 80 Chinese companies, such as China National Aero-Technology Import & Export Corporation (Catic). Catic is the international arms sales subsidiary and the global...

Politics

2 w. ago US$44 million sale of Hong Kong luxury home linked to mainland Chinese investor

A buyer bearing the same name as veteran investor Xu Liusheng is the latest owner of a luxury home in Hong Kong after acquiring a HK$342 million (US$43.9 million) unit in the affluent Southern district, with the transaction adding to a growing list of prime assets being snapped up following years of falling prices. The buyer shares the name of the owner of Shenzhen Kaifu Investment, who is known for acquiring shares in public companies in mainland China. Shenzhen Kaifu was recently deregistered,...

Economics

2 w. ago As China’s tech rises, companies must rethink their R&D strategy

For years, many foreign companies treated China as a vast consumer base or a low-cost manufacturing hub. Now that paradigm is shifting dramatically. China is not just where multinationals scale production or sell at volume; it is increasingly where they make strategic decisions, engage in serious research and development and innovate in ways that will have a global impact. For example, take Toyota’s R&D centre in Changshu, Jiangsu province. Led by local engineers, it has helped develop electric...

Politics