China Eyes New Growth Drivers Amid Global Economic Uncertainty
China seeks new growth drivers amid global economic uncertainty, focusing on manufacturing, domestic consumption, and green transformation to stabilize and grow its economy.
News & Insights Across Asia
China seeks new growth drivers amid global economic uncertainty, focusing on manufacturing, domestic consumption, and green transformation to stabilize and grow its economy.
Professor Bai Chong-en of Tsinghua University emphasizes the need for China to strengthen its services industries to drive future household consumption growth.
Accenture aims to focus on China’s manufacturing and R&D, consumer market, and talent transformation, said Asia Pacific COO Anoop Sagoo at the 2024 China International Import Expo.
The Chinese mainland will lift all restrictions on foreign investment in the manufacturing sector from November 1, reducing the negative list entries from 31 to 29 to achieve zero restrictions in manufacturing.
China’s first domestically produced 300-megawatt F-class heavy-duty gas turbine completed its ignition test in Shanghai, marking a significant advancement in the nation’s energy technology.
China intensifies efforts to attract high-quality foreign investment by removing restrictions in the manufacturing sector, fostering innovation, and aligning with international trade regulations.
China lifts all foreign investment restrictions in manufacturing and allows wholly foreign-owned hospitals in major cities, marking a significant step in its economic opening and offering vast opportunities for global investors.
China announced it will lift all foreign investment restrictions in manufacturing with the 2024 negative list, reducing restrictions from 31 to 29 and eliminating barriers for foreign investors.
German manufacturing leaders foresee a bright future in China as the country lifts foreign investment restrictions in the manufacturing sector, opening new opportunities for collaboration and growth.
China will lift restrictions on foreign investment in the manufacturing sector with the release of the 2024 negative list, aiming to attract more foreign capital and optimize investment structures.
China’s manufacturing PMI fell to 49.1 in August from 49.4 in July, indicating continued contraction in the sector, according to the National Bureau of Statistics.
LONGi Green Energy VP Zhang Haimeng emphasizes that technological innovation, not labor, should drive manufacturing upgrades, highlighting China’s leadership in photovoltaics and engineering technology.
Discover how ‘Made in China’ products and technology are shining at the Paris 2024 Olympics, with 80% of mascots produced by Chinese manufacturers and tech innovations enhancing the Games.
China’s steel industry accelerates green transformation and optimization, aligning with national restructuring efforts and embracing advanced technologies to meet evolving market demands.
Wuxi is transforming from a traditional manufacturing center to a hub of strategic emerging industries, embracing the Internet of Everything.
Economist Jeffrey Sachs discusses China's economic future amid global slowdown and rising China-U.S. tensions, highlighting the significance of China's manufacturing sector and the need for cooperation.
China’s general aviation manufacturing industry has seen remarkable growth in 2023, with a 60% year-on-year increase, bolstering the nation’s role in global aerospace innovation.
China’s integration into global value chains has propelled its economic growth and influenced global production networks. Despite challenges, China’s role remains pivotal in the evolving landscape.
China’s manufacturing PMI rose to 50.8 in March, indicating expansion after five months of contraction. Analysts attribute this to recovery momentum and effective policies boosting production and demand.
China’s economy showcases resilience and potential for long-term growth. With moderate per capita GDP and a dominant manufacturing sector, the nation is poised for significant economic expansion.