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Cover Story: How a Perfect Storm Created a Global Chip Shortage Globally, automakers cut production by nearly 1 million vehicles during the first quarter for lack of chips A chip shortage that has squeezed global automakers since late last year offered a snapshot of how the Covid-19 pandemic and geopolitical uncertainties have distorted supply chains in the highly globalized semiconductor industry. The question is: Will it lead to a reshaping of the industry’s global landscape? It’s a multibillion-dollar question involving massive investment flows and potentially sweeping economic and geopolitical consequences. As technology has advanced, semiconductors have come to dominate not only the auto industry but also almost every part of consumer goods manufacturing as the tiny electronic devices supply the brains for products ranging from computers to mobile phones to toothbrushes. ....
By Addison Gong 14 May 2021 In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns. China’s population hit 1.412bn last year, up from 1.4bn in 2019 and an increase of 72.06m from 2010, according to the National Bureau of Statistics (NBS). The average annual growth rate was 0.53% for the past decade, slower than the 0.57% recorded for the 2000-2010 period. Those aged 60 or above made up 18.7% of the population, which was 5.44 percentage points higher compared to 2010. The male to female ratio was 51.24 to 48.76. ....
By Addison Gong 10 May 2021 In this round-up, the China Securities Regulatory Commission plans to ask companies to include separate chapters for corporate governance as well as environmental and social responsibilities in their annual financial reports, and three Chinese telecommunications companies will be dropped from the New York Stock Exchange after an unsuccessful appeal. China’s foreign exchange reserves jumped by $28.2bn in April to $3.198tr, according to the State Administration of Foreign Exchange (Safe).
The country recorded a current account surplus of Rmb487.1bn for the first quarter of 2021, or $75.1bn in dollar terms, Safe data showed.
In April, foreign investors increased their holding of onshore Chinese bonds by Rmb64.87bn to Rmb3.22tr, according to data released by the China Central Depository & Clearing Co on Monday. ....
Share: GUANGZHOU, China, Dec. 10, 2020 /PRNewswire/ Supported by the People s Government of Guangzhou Municipality, World Intelligent Vehicle Conference 2020, co-sponsored by the International Cooperation Center of National Development and Reform Commission, Development & Reform Commission of Guangzhou Municipality, Tianhe District People s Government of Guangzhou Municipality, and IDG Asia, was closed in Guangzhou on December 4. In the past two days, more than 100 guest speakers, including leaders of domestic and foreign official institutions, academician-level experts and scholars, well-known entrepreneurs, and about 8 million online and offline audiences specializing in intelligent vehicle and related industries participated in the year-end feast of the intelligent vehicle industry in 2020. Focusing on the theme of The Future, Driving Now , the World Intelligent Vehicle Conference 2020 is centered on an opening ceremony and main forum, 10 parallel forums, 1 special e ....
Connecting World Intelligent Vehicle to Build Industrial Highway Supported by the People s Government of Guangzhou Municipality, World Intelligent Vehicle Conference 2020, co-sponsored by the International Cooperation Center of National Development and Reform Commission, Development & Reform Commission of Guangzhou Municipality, Tianhe District People s Government of Guangzhou Municipality, and IDG Asia, was closed in Guangzhou on December 4. In the past two days, more than 100 guest speakers, including leaders of domestic and foreign official institutions, academician-level experts and scholars, well-known entrepreneurs, and about 8 million online and offline audiences specializing in intelligent vehicle and related industries participated in the year-end feast of the intelligent vehicle industry in 2020. Focusing on the theme of The Future, Driving Now , the World Intelligent Vehicle Conference 2020 ....