Page 8 - Peng News Today

China has pinned its hopes on innovation and technology to power its economy as it seeks to find new growth engines, but output from its hi-tech manufacturers posted the lowest level of expansion on record last year.

A Post review of annual reports by Chinese universities offers insight into the current state of youth joblessness as official figures resume, and 2024 looks to be rife with challenges.

With cross-strait relations at their frostiest in years, Taiwan reported historic lows for two-way investment with mainland China – but some companies are still attempting to set up or continue operations.

The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.

After a slew of promises made by the Chinese government to the country’s private businesses, growth and recovery have been weaker than expected – and experts are saying the solution to industry uncertainty is bold, consistent action in the sector’s favour.

The southern export city of Dongguan is offering firms hundreds of thousands of yuan to maintain production during the Lunar New Year holiday, typically a time of low economic activity.

China should make ‘groundbreaking changes’ to its industrial policymaking amid its push to become a global technological and economic leader, analysts said.

China’s leading EV makers are battling for supremacy in the MPV segment, targeting wealthy families amid sluggish sales and looking to grab a bigger share of the market from traditional carmakers like GM.

The cloud gaming car specific service provides high quality games at 60 FPS and in Full HD for the whole family, directly from the app...

The Shanghai-based maker of Neta-branded cars aims to deliver 100,000 units in 60 overseas markets this year, mainly in Southeast Asia.