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CNBF Daily Brief 10.2.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China’s producer price index (PPI), which measures the cost of goods at the factory gate, decreased by 0.8% year on year in January 2023. The decrease expanded by 0.1% from that registered in December. On a monthly basis, China’s PPI edged down 0.4% in January. China’s automobile […]

China’s trade surplus surged 18% year-on-year in July 2022

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]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%. […]

Weixin retains top spot as the world’s most valuable and strongest brand in Brand Finance Global 500

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Leading brand valuation consultancy Brand Finance announced its annual report on the world’s most valuable and strongest brands Global 500 for 2022 on January 26. For the second consecutive year, Weixin was named the world’s strongest brand. Weixin (also known outside China as Wechat) is a multi-purpose […]

Huawei holds leadership in 5G RAN Portfolio for the third year in a row

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Huawei’s 5G Radio Access Networks (RAN) portfolio has been ranked as a leader for the third year in a row in GlobalData’s recent H2 2021 report 5G RAN: Competitive Landscape Assessment. This report is released every six months to evaluate the competitive advantages of 5G RAN products […]

Sinopec Completes First Megaton Scale Carbon Capture Project in China

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China Petroleum & Chemical Corporation (Sinopec) has completed the construction of the first megaton carbon capture, utilization, and storage (CCUS) project in China, the Qilu-Shengli Oilfield CCUS on January 29. This will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 […]

Gig economy platform Quhuo Commits to Ensure Disability-friendly and Inclusive Work Environment

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]The leading Chinese gig economy platform Quhuo has formed a special task force for food delivery workers who cannot ride electric scooters and can only deliver by walking due to their health conditions, in an effort to ensure an inclusive, accessible, and friendly work environment for all […]

Winners for China’s 2021 Employer Branding Creativity Awards Announced in Shanghai

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]The 2021 Employer Branding Creativity Awards received over a six-month period 1,482 creative entries from 549 domestic firms and foreign companies operating in China, including well-known brands like Mercedes-Benz, NIO, ByteDance, Tencent, Starbucks China, Unilever, and so on. The event, divided into four phases, initiation, registration, evaluation, […]

China Automotive Systems Signs Supply Contract with Scania to develop eRCB steering systems for Scania’s trucks and buses

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Leading Chinese power steering components and systems supplier China Automotive Systems announced on Tuesday, January 25, that it has entered into an agreement with Scania AB to develop eRCB steering systems for Scania’s trucks and buses. Built upon CAAS’ proprietary technology and innovative knowledge coupled with CAAS’ […]

OneConnect Recognized in the Patent Quality List of the World’s Top Ten Fintech Companies in 2021

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]OneConnect Financial Technology Co., Ltd., a key driver of fintech strategy for associate Ping An Insurance Group of China, has helped the group to top the list of the World’s Top Ten Fintech Companies in 2021 in Patent Quality, followed by Ant Group and Alibaba. The list […]

Zoomlion Push the Industry Towards Carbon Neutrality Goal with New Pioneering Carbon Fiber Composite Material Technology

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Zoomlion Heavy Industry Science & Technology Co., Ltd. released on November 26 at its Lugu Industrial Park in Changsha, China the latest innovative carbon fiber composite material technology and pump truck equipped with a carbon fiber boom. This is the first pump truck with a carbon fiber […]