Car sales rose 11.6% year-on-year to 2.8 million in January, according to statistics published by the China Association of Automobile Manufacturers (CAAM), Caixin reports. The fast growth took analysts and industry insiders by surprise, as many expected the auto industry to experience weak growth in 2018 due to the phasing-out of tax incentives for car purchases by […]
Category: Brief
The Chinese government aims to create millions of new jobs in 2018 by promoting ‘new growth engines’ of services and technology, according to Reuters, with unemployment a key focus of the year’s agenda. The National and Development Reform Commission (NDRC) reports that China must provide jobs for 9.7 million unemployed and over 8 million leaving […]
Chinese investors are vying to entice China-born tech executives and scientists back to the mainland to set up startups in their home market, the Financial Times reports. A slew of venture capital funds backed by both private and state investors have been set up, which target Chinese executives and senior researchers working abroad at top companies like […]
China’s state planning body added industries including news media and weapons development to a list of “sensitive” sectors for offshore investment on Sunday, meaning that it will increase its oversight of any deals in those areas, Reuters reports. Development of cross-border water resources has also been classed as “sensitive,” a decision that was first proposed when draft guidelines […]
Chinese electrical equipment manufacturer Foxconn has hopes to expand into the digital film sector, Nikkei Asian Review reports, revealing plans for a Shanghai-based IPO. Foxconn, a major assembler of Apple products, will work together with RED Digital Cinema to produce high-market film equipment, giving the company an additional revenue stream alongside its core-business of manufacturing […]