Source: Xinhua UBS, Goldman Sachs, and Nomura have adjusted their forecasts for China’s economic growth in 2024 following a series of stimulus measures implemented since late September, predicting that Beijing will achieve its target of “around 5 percent.” International financial institutions have increased their projections for gross domestic product (GDP) growth in 2024—an otherwise […]
Photo: Wikimedia Commons, Partydoos, CC BY 4.0 Xiaomi is reportedly on the brink of a significant technological breakthrough, having successfully completed the “tape-out” of its first 3-nanometer system-on-chip (SoC) processor, which is set to enter mass production in the first half of 2025. This milestone represents a notable comeback for the company, which had […]
According to a report from S&P Global published on September 19, India is set to emerge as the third-largest global economy by the fiscal year 2030-31. This projection is based on an anticipated annual growth rate of 6.7%, which would also elevate India into the upper-middle-income category. The report forecasts that India’s nominal GDP will […]
India is set to become the third-largest economy globally by the fiscal year 2030-31, with projections indicating its nominal GDP will nearly double from $3.6 trillion to over $7 trillion. This anticipated growth rate of 6.7% would also elevate India to the upper-middle-income category. Economic Performance and Growth Outlook India’s economy has demonstrated remarkable resilience, […]
The race for nuclear fusion energy has intensified, particularly between the United States and China, as both nations recognize its potential as a transformative clean energy source. In Shanghai, the start-up Energy Singularity exemplifies China’s rapid advancements in fusion technology, having constructed its own tokamak in just three years. This contrasts sharply with the aging […]
Xiaomi, the Chinese smartphone manufacturer, surprised the automotive industry by introducing its first electric car, the SU7, in March 2024. This move was unexpected, as many doubted that an electronics company without experience in car manufacturing could successfully enter auto production. Xiaomi’s EV Factory Xiaomi built a dedicated facility on the outskirts of […]
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Despite global economic challenges and escalating tech tensions, China’s integrated circuit (IC) industry has become a surprising powerhouse for unicorn startups. The semiconductor sector is outpacing all others in creating billion-dollar companies, bucking the overall trend of declining unicorn births in China. Shifting Landscape The number of new Chinese unicorns has dropped significantly in recent […]
Recent reports indicate a significant shift in consumer preferences in China, particularly towards sustainable and ethically sourced products. This change is driven by a growing awareness among Chinese consumers, especially the younger demographic, regarding sustainability and social responsibility. Key Insights on Consumer Behavior in China 1. Sustainability Awareness Chinese consumers increasingly associate sustainable products with […]
China challenges Tesla with low-cost humanoid robots. State support is driving development, but it remains to be seen who will win the race for artificial helpers. China’s Push into the Robotics Industry At this year’s World Robot Conference in Beijing, over two dozen Chinese companies presented humanoid robots designed for use in factories and warehouses. […]
