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The combination of higher input prices, uncertainty about export prospects and a weak recovery in domestic consumer demand meant Chinese manufacturing investment from January to April was 0.4% below the same period in 2019, according to official statistics.
BusinessWorld May 27, 2021 | 6:39 pm REUTERS ERIC LIâs factory making glass lampshades for companies including Home Depot, Inc. is being stretched to its limits with sales doubling their pre-pandemic level. But like many Chinese manufacturers, he doesnât plan to expand operations â a reticence that could slow the pace of Chinaâs economic growth this year and prolong a shortage of goods being felt around the world as demand picks up. Surging prices of raw materials means âmargins are compressed,â explains Mr. Li, owner of Huizhou Baizhan Glass Co. ...
Blog Blog Blog Six trends shaping the industries and sectors we cover in 2021 1 Feb, 2021 Author Soon Chen Kang Tesla Inc. enjoyed a breakout 2020 in China on the back of record sales and the rollout of locally produced electric vehicles, but the company faces a stiffer challenge in the country in 2021 from rivals including Volkswagen AG. The California-based electric-car maker delivered 499,550 vehicles worldwide in 2020, slightly behind its target of 500,000 units. It does not break out sales by market but data from the China Passenger Car Associa...