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 exports saw a steady increase last month. A total of 301,000 vehicles were …
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 …
Weixin retains top spot as the world’s most valuable and strongest brand in Brand Finance Global 500
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 instant messaging, social media, and mobile payment app developed by Tencent. The report …
Huawei holds leadership in 5G RAN Portfolio for the third year in a row
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 from major RAN vendors. In the H2 2021 report, Huawei’s product portfolio outclassed …
Sinopec Completes First Megaton Scale Carbon Capture Project in China
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 million trees and shutting down 600,000 economy cars. As China’s largest full industrial …