Le Journal

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. Chinese biotech companies are expected to make major international advances over the next decade, industry leaders said, but cautioned that weak patent...

Guangdong, China’s largest provincial economy, has vowed to double its economy by 2035 from 2022 levels, in line with the central government’s target of becoming a medium-level developed country by that year. “Looking ahead, from the 20th National Congress of the Communist Party (in 2022) to 2035, Guangdong aims to achieve socialist modernisation and build a modern, new Guangdong within 13 years,” provincial authorities said in their five-year plan proposals released on Monday. “By that time,...

China’s artificial intelligence developers are expected to welcome Washington’s go-ahead for Nvidia to ship its H200 AI chips to approved customers on the mainland, according to analysts, even as Beijing continues to drive the country’s tech self-sufficiency efforts. In a post on his Truth Social platform on Monday, US President Donald Trump said he had informed his Chinese counterpart, Xi Jinping, of that decision “under conditions that allow for continued strong national security”. Xi had...

International and Chinese consumer brands will be forced to maintain a low-price strategy in mainland China amid persistent deflationary pressures, while looking to lower-tier cities and emerging sales channels for growth, according to a study by global consultancy Bain & Co and market research firm Kantar Worldpanel. Companies in the fast-moving consumer goods (FMCG) sector would need to respond quickly to new market trends with a focus on product affordability to increase sales volume, said...