China's high-standard opening up offers promising prospects for foreign investors
Tesla has announced that its new mega factory project in Shanghai was officially launched and scheduled to begin production within the next year, following the establishment of its Shanghai Gigafactory in 2019, which is the first wholly foreign-owned vehicle manufacturing project in China and Tesla's first Gigafactory outside the United States.
Macro
Gov't authorities set new policy course to navigate 2024 economy
Following China's tone-setting Central Economic Work Conference earlier this month, multiple government authorities have convened meetings, making specific arrangements to anchor the growth momentum of the Chinese economy in 2024.
In-depth
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Economic Watch: China's fireworks decorate overseas festivals
In the city of Liuyang, central China's Hunan Province, the fireworks industry is gearing up for its most vibrant season as holidays are approaching.
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Economic Watch: Made-in-China stuffed bears spread joy of Christmas overseas
During the Christmas season, Care Bears dressed in Santa Claus hats and other decorations, an adorable plush toy favored by kids, can be easily found on the shelves of shopping malls in the United States.
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Companies
Tesla's new mega factory project in Shanghai officially launched
U.S. carmaker Tesla Inc. officially launched its new mega factory project that is capable of producing 10,000 Megapacks a year in Shanghai.
China's first homegrown large cruise ship starts trial operation
China's first domestically-built large cruise ship, the "Adora Magic City," departed from a port in Shanghai on Sunday, starting its trial operation.
