China’s export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI boom, reports Reuters. The growth has provided policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand. Exports expanded 19.4% from a year earlier in US dollar value terms, customs data showed […]
Author: will
BYD will start assembling cars at its new plant in Hungary in the fourth quarter of this year, reports Reutersciting a company executive. Meanwhile, the Chinese automaker has paused work on a plant in Turkey while it focuses on production in Europe. “Hungary is the number one priority right now,” Executive Vice President Stella Li told […]
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More massive megaprojects
China has just broken ground on the construction site for yet another gigantic megaproject, a series of mega ship locks–colossal structures also known as “water elevators” or “water staircases” built into the Three Gorges Dam on the Yangtze River. The project will take around a decade to build and cost $11.4 billion. The ship locks […]
Chinese Leader Xi Jinping will visit North Korea next Monday and Tuesday, reports the South China Morning Post. At the invitation of North Korean Leader Kim Jong-un, Xi will pay a state visit to the Democratic People’s Republic of Korea from June 8 to 9, according to a statement from the International Department of the Central Committee of the […]
China has reported a second consecutive decline in the number of students sitting the country’s national university entrance exams, reports the South China Morning Post. This comes as a graduate jobs crunch leads many teenagers to decide against pursuing an academic degree. A total of 12.9 million students have registered for this year’s National Higher Education Entrance […]