Business
For Jeffrey Lou, president and chairman of BASF Greater China, the inauguration early this month of the first plants of BASF's Verbund site in China, its largest overseas investment to date, was a hugely exciting moment.
China's factory activities returned to expansion territory in September, with most industries showing improved sentiment, as the recovery momentum of the world's second-largest economy continues to consolidate.
Chinese consumers have become more conservative regarding buying nonessential goods and are paying more attention to the quality of purchased products, with homegrown brands gaining increased popularity among millennial and Generation Z consumers amid the COVID-19 pandemic, according to a report released by global consultancy PwC.
STOCK INDICES
Shanghai Composite 2789.25 3.40% 16/03
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After driving a Chinese-made electric vehicle for nearly a year, Israel Aguilar from Mexico found that transitioning from a fuel vehicle to a new energy vehicle (NEV) has provided him with a different travel experience.
China is the world's largest market for industrial robot industry, which is known as "the crown jewel of manufacturing," with its production reaching about 366,000 units in 2021.
Companies listed on the A-share market reported better-than-expected performance in the first half of the year, a sign that the Chinese economy sustained its development momentum.
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