Chinese economy
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China’s economic expansion reaches 4.3%, marking one of its lowest growth rates in history.
China has reported disappointing economic growth figures for the second quarter ending in June, with an expansion of only 4.3%. This figure falls short of the government’s target range of 4.5% to 5% and marks one of the lowest quarterly growth rates since the introduction of official GDP reporting in the early 1990s. The last…
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China faces a surge of graduates as millions of young individuals navigate a job market that offers limited opportunities.
The graduation season in China has arrived, a time typically marked by emotional farewells and family gatherings as university students embark on their journey into adulthood. However, this period now also brings a sense of anxiety about the future. Each year, millions of new graduates enter an already overcrowded job market. The current cohort, which…
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UK Set to Reduce Tariff-Free Steel Imports by 50% to Address Overflow of Inexpensive Chinese Steel
The UK government has announced a significant reduction in the volume of steel imports that can enter the country without tariffs, aiming to address a surplus of inexpensive steel from China and support its struggling domestic steel industry. New protective measures, referred to as “safeguards,” are set to take effect on July 1 and will…
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UK poised to contest EU’s drastic proposal to significantly reduce tariff-free steel import allowances
Peter Kyle, the UK’s business secretary, is set to express his concerns regarding the European Union’s plans to significantly cut tariff-free imports of British steel during a meeting with EU trade commissioner Maroš Šefčovič in Brussels on Friday. The UK steel sector has previously indicated that the proposed new quota system by the EU could…
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Impostors in Action: Discover the ‘White Monkeys’ Hired to Give Chinese Companies a Global Facade
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Piers’s experience in China began in 2009 when he was unwittingly utilized as a “white monkey” shortly after arriving in the country. While attending a friend’s wedding in a village in Suzhou, Jiangsu province, he decided to sample a local crab dish at a small restaurant. A few weeks later, a wedding attendee informed him…
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Nissan considers manufacturing vehicles for competing Chinese brands at its Sunderland facility.
The CEO of Nissan has indicated a willingness to explore the possibility of manufacturing vehicles for other companies at the Sunderland plant, the largest automotive facility in the UK, amid ongoing discussions with China’s Chery Automotive. Ivan Espinosa stated that Nissan is currently evaluating options for the Sunderland site, which employs approximately 6,000 individuals, following…
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“Joybuy Pioneers Entry of ‘China’s Amazon’ into the UK Market, Emphasizing Global Competition”
Matthew Nobbs, the UK leader of Joybuy, has stated, “We are here to disrupt the UK e-commerce landscape.” This sentiment underscores the company’s ambitious goals as it enters the market, offering a wide range of products including home appliances, groceries, and cosmetics. Joybuy is a subsidiary of JD.com, a major Chinese retail conglomerate that is…