1.From January to October 2023, Profits of National Large-Scale Industrial Enterprises Decline by 7.8% From January to October 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 107.78 trillion (approximately $16.83 trillion), up 0.3% year-on-year. Operating costs reached CNY 91.63 trillion (approximately $14.29 trillion), up 0.6%; operating income profit margin was […]
1. China launched a unilateral visa-free initiative for six nations: France, Germany, Italy, the Netherlands, Spain, and Malaysia “From December 1, 2023 to November 30, 2024, citizens from the six countries-France, Germany, Italy, the Netherlands, Spain and Malaysia-holding ordinary passports can be exempted from visa to enter China and stay for no more than 15 […]
1. According to the M2 performance, Chinese government will persist with its supportive monetary policy and a low interest rate On November 13, the People’s Bank of China (PBOC) released statistics indicating that as of the end of October, M2 stood at CNY 288.23 trillion, reflecting a 10.3% year-on-year increase. This growth rate remained consistent […]
1. Shenzhen State-owned Assets Supervision and Administration Commission (SASAC): we will assist Vanke in responding positively On November 6, Vanke, in conjunction with both domestic and international financial institutions, held a briefing regarding their third-quarter results. The meeting included Vanke’s leadership, as well as shareholders Shenzhen Metro and the Shenzhen State-owned Assets Supervision and Administration […]
1.The 6th China International Import Expo will be held in Shanghai from November 5th to 10th The 6th CIIE will be held in the National Convention & Exhibition Centre (Shanghai) from November 5 to 10, 2023. The 6th CIIE, according to Liu Fuxue, a deputy director-general of the CIIE Bureau, aims to create more potenitals […]
1.From January to September, profits of industrial companies above 20mn revenue fell by 9.0% During the first 3 quarters, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 96.35 trillion (approximately $13.17 trillion), same as last year. Operating costs reached CNY 81.96 trillion (approximately $11.2 trillion), up 0.3%. During the first 3 […]
1. The Munich Motor Show witnessed the emergence of Chinese-made cars On 4th September 2023, the IAA MOBILITY 2023 commenced. The Munich Motor Show has traditionally been the domain of European auto industry leaders like Volkswagen, Mercedes-Benz and BMW, but this year saw the emergence of an influential “new force” – an alliance of Chinese […]
Last week, General Administration of Customs of China released the data for April 2023, and I was rather shocked by the results. So lets have a look at the data and what it implies. In April 2023, China’s exports reached 2.02 trillion yuan, an increase of 16.8%, while imports were 1.41 trillion yuan, a decrease […]
What does the Auto Industry and Mobile Industry have in common? They are both gigantic, the global automotive market is around 2.9 trillion USD, while the global mobile phone market is around 0.5 trillion USD. They both have some of the most iconic brands in the world, like Apple, Samsung, Huawei or BMW, Tesla, Toyota. […]
In 2022, the Chinese Auto Market recorded another year of positive growth after 3 consecutive years of decline since 2017. Although growth in 2022 was limited, it’s still a remarkable achievement considering the microchip crisis, COVID crisis and higher battery costs in the year. However, the Chinese Auto Market is hugely complicated with more than […]