3 h. ago EU firms need to abandon overreliance on China and US, chamber report warns

A new report recommends European companies diversify away from overreliance on China and the US, as companies find themselves squeezed between Beijing’s preferential policies for local companies and Washington’s trade volatility. The European Union Chamber of Commerce in China advised companies to “eliminate single-source dependencies on both China and the United States where possible” in a report on supply chain dependencies released on Wednesday. “We are probably only seeing the very tip of...

Events

3 h. ago ‘Toothpaste without China’? EU firms must stop Beijing, US overreliance: report

A new report recommends European companies diversify away from overreliance on China and the US, as companies find themselves squeezed between Beijing’s preferential policies for local companies and Washington’s trade volatility. The European Union Chamber of Commerce in China advised companies to “eliminate single-source dependencies on both China and the United States where possible” in a report on supply chain dependencies released on Wednesday. “We are probably only seeing the very tip of...

Politics

7 d. ago Beijing woos foreign firms as China seeks bigger role in global shipbuilding supply chain

Beijing is extending an olive branch to overseas companies as it seeks to build a more integrated global supply chain for the shipbuilding industry, in its latest push to project goodwill and support free trade. Gao Dongsheng, chief economist at the Ministry of Industry and Information Technology (MIIT), said on Tuesday that China was committed to further opening up its shipbuilding sector. Mainland shipyards, which currently have a capacity to build about 65 million deadweight tonnes of large...

Politics

7 d. ago U.S. firms race to seize Europe’s rare earths as Beijing tightens defense

U.S. firms race to seize Europe’s rare earths as Beijing tightens defense-linked supply  MSN

Events

8 d. ago Beijing aims to harness state, private sectors to build ‘world

China’s state-asset watchdog has urged the country’s state-owned enterprises to act as an anchor for strategic industries, while also calling for a predictable, level playing field for private firms – a combination it said was essential for building world-class businesses. Zhang Yuzhuo, chairman of China’s State-owned Assets Supervision and Administration Commission (SASAC), outlined Beijing’s latest push to strengthen both the state and private sectors in an article published in Community Party...

Politics

1 week ago Xiaomi hires engineer from Tesla’s Optimus team to lead robotic hand development

Xiaomi has hired a former engineer from Tesla’s Optimus team, Zach Lu Zeyu, to join the Chinese tech giant’s robotics initiatives, as the talent grab in the industry intensifies. Lu, previously a senior robotics engineer focused on the Optimus humanoid robot, joined Xiaomi last month to lead the Beijing-based firm’s dexterous hand research and development operations, according to his LinkedIn page. During his two years at Tesla, Lu worked on the design for dexterous grasping and manipulation, as...

Politics

1 week ago U.S. Reviews Chinese Firms for Military Ties; Beijing Blocks NVIDIA Chips

U.S. Reviews Chinese Firms for Military Ties; Beijing Blocks NVIDIA Chips  조선일보

Events

1 week 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

2 w. ago 'We won't rely on China anymore': Beijing's seafood import ban disappoints Japan firms

'We won't rely on China anymore': Beijing's seafood import ban disappoints Japan firms  毎日新聞

Politics

2 w. ago Majority of firms on Beijing bourse report profits in first three quarters

Majority of firms on Beijing bourse report profits in first three quarters  Xinhua

Economics

3 w. ago Beijing: US patent rule revision a discriminatory curb on Chinese firms

Beijing: US patent rule revision a discriminatory curb on Chinese firms  chinadailyasia.com

Events

3 w. ago America is overreliant on China for drug ingredients, a report to Congress finds

America is overreliant on China for drug ingredients, a report to Congress finds  Endpoints News

Events

3 w. ago Market cap of listed firms at Beijing Stock Exchange exceeds 900 billion yuan

Market cap of listed firms at Beijing Stock Exchange exceeds 900 billion yuan  Global Times

Economics

last month China's internet firms cautiously revive lending as Beijing pushes consumer loans

China's internet firms cautiously revive lending as Beijing pushes consumer loans  Reuters

Politics