A cargo train carrying 30 TEUs departed on June 25 from Huanghua Port in Cangzhou, Hebei Province, to Moscow, marking the regular monthly operation of a new China-Europe freight train route. This 8,000-kilometer journey, expected to take 15 days, exemplifies the “Belt and Road” initiative, enhancing cooperation between China and Europe. The train connects several Chinese cities and carries diverse …
China’s Retail Market Poised for Rapid Growth Through 2028
The retail market in China is projected to expand by USD 1192.7 billion between 2024 and 2028, growing at a compound annual growth rate (CAGR) of nearly 8.09%. This surge is fueled by the premiumization of products and a shift towards online and omni-channel trade. However, challenges such as rampant counterfeiting in the premium segment persist. Key players in this …
China Leads in Generative AI Adoption, Survey Reveals
Generative AI is rapidly transforming industries worldwide, with China at the forefront, according to a recent global study by SAS and Coleman Parkes Research Ltd. The study highlights that 83% of Chinese organizations have adopted Generative AI (GenAI), outpacing the UK (70%), the US (65%), and Australia (63%). Despite leading in adoption, the US is ahead in GenAI maturity, with …
China General Chamber of Commerce-USA Launches 2024 Annual Business Survey Report on Chinese Enterprises in the U.S.
On June 24, 2024, the China General Chamber of Commerce-USA and CGCC Foundation unveiled their 2024 Annual Business Survey Report on Chinese Enterprises in the U.S. at the Omni Shoreham Hotel in Washington D.C. Over 300 guests from various sectors attended to discuss the U.S.-China economic relationship and share insights on Chinese investments in the U.S. Peter Reisman, Co-Chair of …
China Economic Daily Brief – July 8, 2024
Airbus Delivers 700th A320 from Tianjin Airbus has delivered its 700th A320 family aircraft from its Tianjin assembly line to Chengdu Airlines. This milestone underscores the strong partnership between Airbus and China, with Airbus’ market share in China exceeding 50% this year. The Tianjin Final Assembly Line Asia (FALA), operational since 2008, has been a model of successful China-Europe cooperation. …