For over thirty years, Taicang has carved out a niche as a prime destination for German enterprises, driven by its dedication to creating a supportive business ecosystem. This commitment was recognized in November 2008 when Taicang was designated as a “Sino-German Enterprise Cooperation Base” by both China’s Ministry of Commerce and Germany’s Federal Ministry for Economic Cooperation and Development. It …
Are you sure about ‘Peak China?’ Why China still has room to grow
The world economy is experiencing what the World Bank calls “the slowest half-decade of GDP growth in 30 years.” As some of China’s key growth catalysts weaken against this backdrop, a few stakeholders in the Western economy have become defeatist and pessimistic. Some believe that China will soon get caught in the “middle-income trap” or even experience the “Japanization” of its economy, characterized by …
China now publishes more high-quality science than any other nation
By at least one measure, China now leads the world in producing high-quality science. My research shows that Chinese scholars now publish a larger fraction of the top 1% most cited scientific papers globally than scientists from any other country. I am a policy expert and analyst who studies how governmental investment in science, technology and innovation improves social welfare. …
China’s trade surplus surged 18% year-on-year in July 2022
China’s trade surplus unexpectedly surged to a fresh record peak of $101.26 billion in July 2022 from $55.89 billion in July 2021, far above market forecasts of $90 billion. Exports climbed 18% year on year, the most in six months, while imports grew much slower at 2.3%. China’s imports and exports totaled 23.6 trillion yuan ($3.49 trillion) during the first …
China is taking big step toward easing business travel by cutting quarantine time for international travelers
International travelers will only need to quarantine for seven days at a centralized facility, such as a hotel followed by three days of health monitoring at home, when they arrive in mainland China, according to the National Health Commission announcement on Tuesday. Before, arrivals from outside China typically had to spend 14 to 21 days in centralized quarantine, depending on …