China
New Chinese Investment in Kaposvár Worth around €60 Million On Monday, the executives of Chinese company Jiecang Linear Motion Technology Co. Ltd. announced the construction of a new plant in Kaposvár (a city in Southern Transdanubia), at a press conference presenting the project planned in the Somogy county seat.
China, EU remain major trading partners despite decoupling, de-risking talks
Trade between the European Union (EU) and China has grown in recent years despite talks of “decoupling” from or “de-risking” economic links with China, a sign that China’s market still maintains an allure for European businesses due to its vast potential and size.
Visualizing All of China’s Trade Partners
China stands as a formidable player in the global trade arena, wielding its influence as the world’s largest goods exporter.
With a complex network of trade partnerships spanning more than 200 countries, regions, and territories, the world’s second-largest economy has significant economic relationships with both allies and adversaries.
By using 2022 trade data from China’s General Administration of Customs, this visualization from Truman Du breaks down the nation’s top trading partners through imports and exports by destination.
China moves to shore up investor confidence in the economy China on Friday unveiled a package of reforms to boost investment in its securities markets and stepped up its defence of the renminbi, in the latest efforts to shore up confidence in the world’s second-largest economy.
Xi Jinping skips speech defending China economy at BRICS business forum President Xi Jinping failed to attend a business forum in South Africa where he was expected to deliver a speech defending China’s economy and its support for emerging markets, as fears mount that the Asian nation’s struggles could cause global turbulence. According to a public schedule, the Chinese leader was set to address the BRICS Business Forum on Tuesday, after meeting with South African President Cyril Ramaphosa earlier that day. Instead, delegates were greeted on stage by Commerce Minister Wang Wentao, who read the speech without giving an explanation for Xi’s absence..
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