At an auto plant in Puebla, a historic city in central Mexico, a digital system introduced this year by a Chinese company has significantly improved production efficiency. The system’s provider is Black Lake Technologies, an industrial internet company based in Shanghai’s Changning district. Founded in 2016, Black Lake is currently developing industrial-grade artificial intelligence agents and actively expanding its overseas customer base, promoting a new “Made-in-China” model of intelligent manufacturing abroad. In the domestic market, the company also has big ambitions. “There are 5 million factories across China, but Black…
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Latest China business news covering companies, trade, manufacturing, technology, startups, exports, investments, and the rapidly changing Chinese economy.
China ranked first globally in reserves of 14 mineral types and in the production of 17 types last year, the Ministry of Natural Resources said at a news conference in Beijing on Wednesday. By the end of the 14th Five-Year Plan period (2021-25), China’s mineral resource reserves had increased significantly, with 14 minerals ranking first in the world. These include rare earths, tungsten, tin, molybdenum, antimony, gallium, germanium, indium, fluorite and graphite. The scale of China’s mineral production and metallurgical processing also led the world, with its position in the…
With the boosting of domestic demand a key priority during the 15th Five-Year Plan (2026-30) period, China will formulate and release an implementation plan to aid in accomplishing that goal, Wang Changlin, deputy head of the National Development and Reform Commission, said on Friday. “China’s advantages as a super-sized market have not been fully leveraged, and there remains enormous potential for consumption, especially service consumption,” Wang said, adding that the country will take further steps to boost consumption in the next phase. According to the NDRC, China will accelerate the…
Japanese beauty and cosmetics brand Shiseido is optimistic about China and is seeing new growth points in the country, its top China executive said, while assuring that the company would continue to invest in the domestic market. “China is no longer following the trend. China is creating a new trend under diverse lifestyles,” said Toshinobu Umetsu, Shiseido China and Travel Retail CEO. Umetsu noted that China has a diversified consumption market. Consumer values are increasingly diverse, with various orientations and preferences. Consumers have, meanwhile, also evolved from focusing on basic…
The International Monetary Fund on Tuesday projected China’s economy to expand by 4.4 percent in 2026, a forecast that underscores the country’s resilience amid global headwinds from the Middle East conflict. The forecast was unveiled during the 2026 Spring Meetings of the IMF and the World Bank Group, or WBG, held in Washington from April 13 to 19. The latest World Economic Outlook was released as the heads of the IMF, the WBG, and the International Energy Agency met on Monday to coordinate their response to the conflict, one day…
As consumption in China continues to evolve with new formats and policy support, the China International Consumer Products Expo is becoming an important window for multinational companies to track shifts in the Chinese consumer market and explore new business opportunities, analysts and executives said. The six-day expo, which kicked off on Monday, is a major international event being held in Hainan province since the free trade port launched its island-wide special customs operations in December, offering companies a closer look at the policy environment and new investment prospects. Speaking at…
Kazakh flag carrier adds Shanghai route as bilateral trade and travel soar. China’s push for high-standard opening-up and easier cross-border travel is creating fresh opportunities for international airlines seeking a larger share of the world’s second-largest travel market. For Kazakhstan’s flag carrier Air Astana, those policies are translating into a rapid expansion in China, highlighted by the launch of a direct Almaty-Shanghai route in late March, after nearly two decades of modest growth in the market. In an interview with China Daily, Air Astana Group CEO Ibrahim Canliel said the…
A Chinese motorcycle manufacturer, ZXMOTO, made history at the World Superbike Championship Portuguese round, which concluded on March 29. The relatively new team secured victories in both races of the World Supersport category, marking the first time a Chinese motorcycle manufacturer has won at this premier global competition. The achievement also broke the long-standing dominance of established brands such as Ducati and Yamaha in the class. Behind the breakthrough is Zhang Xue, whose journey from a workshop to the global racing stage has drawn widespread attention. Driven by his love…
World’s energy pain is far from over
Major shocks don’t happen in isolation. Like an earthquake followed by a tsunami, the deeper damage unfolds later. It’s the same with the US and Israel’s strikes against Iran. What began as an energy disruption is morphing into a severe and persistent economic shock, especially in the Global South. At the peak of the crisis, oil prices surged more than 50 percent to $110-116 per barrel before easing slightly to $90-100 after the temporary ceasefire. Liquefied natural gas took an even harder hit, soaring as much as 143 percent to…