The fallacious, dangerous logic of "Chinese overcapacity" rhetoric
China's booming new energy vehicle (NEV) sector recently drew scrutiny for purported "Chinese overcapacity" from certain Western nations.
Macro
From trade-ins to affordable housing plans, China's innovative approaches to destock housing inventory
China is actively exploring new ways to reduce its housing inventory, such as promoting trade-in programs and encouraging government-backed purchases of commercial apartments for affordable housing plans, as part of an effort to reignite the cooling property market.
In-depth
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Economic Watch: China enhances payment accessibility for int'l visitors
"Shanghai Pass," a multi-purpose prepaid card, has been launched this week. With around 800 cards sold so far, they have been used by foreigners at various locations in the metropolis.
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Economic Watch: China's new-energy sector draws interest of global investors
U.S. carmaker Tesla has become the latest international company to double down on investment in China's new-energy sector.
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Trade
Global demand for NEVs far exceeds current production capacity: Chinese official
The global demand for new energy vehicles (NEVs) far exceeds current production capacity, said He Hailin, an official with the Ministry of Industry and Information Technology, rebutting "overcapacity" rhetoric targeting China's NEVs.
China-Europe freight train trips surpass 90,000
A train fully loaded with diverse goods departed from Xi'an, the capital city of northwest China's Shaanxi Province on Saturday morning, bound for Malaszewicze, Poland, marking a significant milestone as the total number of China-Europe freight train trips has surpassed 90,000.
