China Economic ReviewAs China and the US navigate through turbulent trade waters the EU and China are calmly expanding their relationship China and Europe are moving closer together, with the synergies between the two ends of the Eurasian landmass becoming more apparent and China's newfound confidence as a global player balancing off the European Union's power as […]
Technologies, China’s largest telecoms supplier, will launch its flagship products in the US next year as it ramps up its overseas expansion plan. The company is seeking a US partner to distribute its products and predicting an 81 percent jump in overseas sales to US$1 billion this year. Huawei provides equipment to Russia, Thailand and […]
Caterpillar, the world's largest construction equipment maker, announced it had signed a cooperation agreement with Shandong Equipment Machinery Co. No details were revealed of the deal but the company said it was in discussions with other Chinese producers that could result in further investments in the future. Caterpillar now operates eight manufacturing JVs and wholly-owned […]
Consumer prices in China rose at their fastest annual rate in six years in October, according to the country's National Bureau of Statistics (NBS). China's consumer price index (CPI) grew by 1.8% year-onyear in October. The Chinese CPI rose 0.8% in the first 10 months of the year, and 1.1% in September. The NBS attributed […]
Household savings reached a new high of RMB 10.86 trillion at the end of October, RMB 1.42 trillion more than at the end of 2002, according to the PBOC. But government officials, who are hoping to increase consumer spending, pointed out that the savings growth rate had slowed from a year-on-year increase of 19.9 percent […]