Latest news with #China-Europe
Yahoo
27-05-2025
- Business
- Yahoo
Global Times: Invest in China, invest in future: Foreign business leaders discuss opportunities in China
BEIJING, May 27, 2025 /PRNewswire/ -- Recently, Chinese President Xi Jinping has replied to a letter from the founder of the Danish Chamber of Commerce in China, encouraging the chamber and its member enterprises to make new contributions to enhancing China-Denmark and China-Europe friendship and deepening mutually beneficial cooperation. China has been and will remain an ideal, secure and promising destination for foreign investors. Believing in China is believing in a better tomorrow, and investing in China is investing in the future, Xi said in the May 22, the China Council for the Promotion of International Trade hosted the Global Trade and Investment Promotion Summit 2025 in Beijing. The event brought together over 800 participants, including representatives from foreign governments, international organizations, foreign commerce chambers and trade promotion agencies, and Chinese and foreign enterprises. The People's Daily interviewed the leaders of six foreign chambers of commerce in China to hear their perspectives on the opportunities China firms view China as positive marketOn May 12, China and the US released a joint statement on China-US Economic and Trade Meeting in Geneva. Michael Hart, president of the American Chamber of Commerce in China (AmCham China), said that the chamber believes the US and China should continue to trade, and it looks forward to finding ways to said that AmCham China has over 800 member companies in China, which believe the Chinese market has potential and hope to reach as many customers as possible in China. American companies still view China as a positive market and look forward to continuing trade with China, Hart said. US companies should remain in China for two key reasons: first, the Chinese market continues to grow and its scale cannot be ignored; second, China is continuously innovating, and businesses want to be able to see these innovations and participate in it, he noted. On April 25, AmCham China released the 27th edition of its American Business in China White Paper. The white paper pointed out that escalating tensions in US-China relations have been the top challenge for American companies in China for five consecutive years, surpassing compliance risks and competitive pressure from Chinese firms. Still, nearly half of the surveyed companies rank China among their top three global investment believes there is significant potential for US-China cooperation. China has advantages in advanced manufacturing and supply chain infrastructure, while the US has robust industrial strengths and wants to continue to export to China. Both sides need each other. Finding proper ways to cooperate serves the mutual interests of both sides, enabling businesses and consumers to continue to benefit, Hart of artificial intelligence (AI), Hart said that AI is the intersection of innovation between the two countries. Both countries have said that they want to find ways to cooperate. In this field, the world urgently needs to the US and China to find a path for cooperation because this technology may reshape almost all also emphasized that global supply chains are intricately interconnected, not only between China and the US but worldwide, adding that cooperation remains crucial for the world. He expressed hope that the US and China can reach consensus through negotiations and the two sides will lower tariffs as much as possible and expand opening-up. French firms eye long-term devt in ChinaSince its founding in 1992, the French Chamber of Commerce and Industry in China (CCI France Chine) has been committed to promoting China-France economic and trade cooperation. Currently, it has offices in Beijing, Shanghai, Guangzhou and Shenzhen, with over 1,700 member companies, the second-largest in terms scale among the CCI France's global network, said Rémi Paul, president of CCI France Chine. Paul noted that French companies invest in diverse sectors in China, and member companies are involved in aviation, energy, finance, pharmaceuticals, consumer goods, and more. These include traditional manufacturing as well as modern services and high-tech industries, with investments increasingly balanced, expanding from coastal regions to inland highlighted that French companies in China prioritize long-term development. Many member companies have operated in the country for decades, achieving commercial success, while participating deeply in China's economic and social development. Their localization efforts have intensified, establishing comprehensive R&D, production, and sales systems in China. As the global economic situation shifts, more member companies are adjusting strategies to seize new opportunities from China's consumption upgrades, digital transformation, and green development, Paul operated in China for many years, CCI France Chine agrees with the statement that "believing in China is believing in a better tomorrow, and investing in China is investing in the future." Paul said that this vividly captures the immense potential of the Chinese market and the broad prospects for China-France economic relations. Over the past 60 years since the establishment of diplomatic relations between China and France, enterprises from the two countries have created many examples of cooperation in the fields of aviation, energy and consumer goods. The success of French enterprises in the Chinese market fully demonstrates that "investing in China is investing in the future."Paul emphasized that in today's complex global environment, the importance of China-France economic cooperation is even more pronounced. Both nations have consistently upheld an open and inclusive spirit of collaboration, setting a model for international economic and trade ahead, CCI France Chine expects China to continue to promote high-level opening-up and create a better business environment for foreign-invested enterprises. CCI France Chine stands ready to continue to play a bridging role, promote the two countries' enterprises to deepen cooperation in new areas such as scientific and technological innovation and low-carbon development, and jointly write a new chapter in China-France economic and trade cooperation.A critical market for many German firms The German Chamber of Commerce in China has around 2,000 members in China, and is supporting Chinese-German business succeed through professional services and a strong network, according to Martin Hofmann, chairperson of the German Chamber of Commerce in North China. Many German companies have been operating in China for decades, establishing deep roots in the market. China's vast market size and strong innovation capabilities make it a critical market for many German firms, Hofmann said, adding that while recent China-US trade tensions have affected their business sentiment, over half of German companies plan to further invest in China, particularly in R&D and innovation. Faced with changing market dynamics and geopolitical uncertainties, German companies are accelerating their localization process in China, Hofmann said, noting that 75 percent of member companies focus on localization, with localization levels reaching between 75 percent and 100 percent. This phase involves building new, intelligent supply chain systems, with AI playing a pivotal role, he breakthroughs have been made in the application of innovative fields such as AI, big data, biotechnology, quantum computing, and electric vehicles, providing new opportunities for the global business community to also an executive vice president and board member of Volkswagen (China) Investment Co, said that German companies, especially in the automotive sector, need partnerships, adding that cooperation should expand from joint production to lifting the level of cooperation. For example, in the process of rapid technological development, new technologies such as AI, digital twins, and driverless cars are deployed, which are the new blue ocean for Germany-China is also a leader in innovation, and many member companies plan to or have already cooperated with local companies to combine their high-quality products and solutions with China's speed of innovation. Meanwhile, China's focus on high-quality development, low-carbon transition and innovation offers valuable opportunities for German companies, and the Chinese market is critical for enhancing German companies' global competitiveness, Hofmann firms full of confidence in China This year marks the 75th anniversary of the establishment of diplomatic relations between China and Denmark. President Xi's reply to the Danish Chamber of Commerce in China is not only a great honor for the chamber, but also for the Danish business community, said Simon Lichtenberg, the all China founding chairman of the Danish Chamber of Commerce in China. Danish companies in China are full of confidence in deepening their presence in the Chinese market, and the chamber will play a bridging role and actively provide advice and suggestions to the Danish and Chinese governments, Lichtenberg said. Having lived and worked in China for over 30 years, Lichtenberg has witnessed the transformative changes brought about by reform and opening-up. In recent years, China has focused on high-quality development, and has shown good development momentum in the fields of manufacturing infrastructure, supply chain, automation and talent. Lichtenberg believes that no other country matches China's advantages in efficiency, quality, and talent across most manufacturing has also witnessed steady improvement in China's business environment, with the commercial legal system constantly improving, the scale of manufacturing constantly expanding, and the negative list of market access constantly shrinking. Amid complex global dynamics, China, as a responsible major power, plays a stabilizing role, promoting cooperation among countries and regions and encouraging all countries to participate in said he opposes anti-globalization practices, hopes Denmark-China ties will get better and better, and believes that only by working together can the world develop better. "China is a very important market for European businesses. We are confident in this market in the long-term and will continue our commitment to it, serving as a bridge between China and Denmark, and China and Europe," Lichtenberg important market for many Japanese firms The Japanese Chamber of Commerce and Industry in China (JCCIC) was established in October 1980, and was the first foreign chamber of commerce in China. According to Tetsuro Homma, president of the JCCIC, a recent survey showed that 58 percent of member companies plan to significantly increase, increase or maintain their investment in China in 2025. Additionally, thanks to the Chinese government continuous efforts to optimize the domestic business environment, 64 percent expressed "satisfaction" or "high satisfaction" with China's business environment, marking an improvement from the previous is mainly due to the fact that China is opening its door wider and wider, the negative list for foreign investment in the manufacturing sector has been cleared, and the pilot program for opening up the service industry has been expanded in an orderly manner. A fair, competitive environment has also improved, with 79 percent of Japanese companies reporting "equal or better" treatment compared to domestic firms, according to also noted that relevant departments of the Chinese government attach great importance to the development of foreign-invested enterprises in China. The Ministry of Commerce has held many meetings with foreign-invested enterprises to inform them of the progress of relevant policies and listen to their requests. The survey showed that 53 percent of Japanese companies regard China as "the most important market" or "one of the three most important markets," which shows that Japanese companies have a firmer strategic positioning in the Chinese market and will continue to attach importance to the Chinese market in the believes that China has four irreplaceable advantages: a highly complete industrial and supply chain system, with companies like Panasonic having over 6,000 suppliers in China; an excellent innovation environment, with notable achievements in AI and new energy; a deep pool of technical R&D talent; and a vast and highly promising consumer said that the JCCIC will support member companies in two areas of investment in China: First, energy conservation and environmental protection, where Japan's decades of green technology experience can contribute to China's "dual carbon" goals; Second, health and elderly care, where Japan's expertise can support China's silver economy.A priority investment destination for Australian firmsThe Australian Chamber of Commerce in China (AustCham China), which was founded in 1996, currently has about 200 member companies, and has become the biggest non-governmental organization promoting Australian businesses' development in companies remain open to the Chinese market, Vaughn Barber, president of AustCham China said, noting that according to AustCham China's latest business report, 70 percent of Australian companies view China as a priority investment destination, with half planning to expand production and investment believes Australia-China economic relations are entering a new phase driven by innovation, green development, and high-value industries, which not only consolidates the advantages of traditional trade, but also opens up many emerging areas with great structural growth potential. For example, Australian and Chinese companies continue to strengthen the depth and breadth of cooperation in the field of new-energy vehicles, including the construction of charging infrastructure, battery recycling technology and circular economy solutions, so as to promote the construction of a more resilient green industrial addition, China is at the forefront in many aspects such as scientific and technological innovation, and its e-commerce platform is far ahead of Australia, providing a valuable reference model for Australian companies, hoping to learn from China and cooperate in this field, according to reshaping of global supply chains offers valuable opportunities for deeper Australia-China cooperation, boosting economic resilience, Barber said. Advancing resource processing and high-value supply chains is key to sustainable development. Investments in infrastructure and logistics will strengthen supply chain resilience. Australia hopes to be a reliable partner for China, providing safe, high-quality, sustainable products for each other, Barber said. Although many Australian companies are considering diversification, 40 percent of the companies surveyed are still focusing on the Chinese market, Barber said, adding that Australia welcomes Chinese investment in high-end manufacturing, and he remains confident that Australia-China cooperation in green supply chains and new energy will expand, fostering greater investment and deeper partnerships. View original content: SOURCE Global Times Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Largest China-Russia Land Port Reinvents Itself as Industrial Hub
HOHHOT, CN / / May 21, 2025 / As China's largest land port, Manzhouli is expanding beyond its traditional role as a "transit station." By promoting local processing of grain, oil and timber, the city is steadily evolving into a regional industrial hub. An aerial drone photo shows trains for China-Europe freight service at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region At Manzhouli Xinfeng Grain and Oil Industry Co., Ltd., freshly imported rapeseed from Russia is processed on intelligent production lines. From dehulling to pressing, the procedures run smoothly, as golden rapeseed oil gently streams into storage tanks. "As soon as the raw materials clear customs, we go straight into production, operating around the clock," said Yang Zhihong, deputy general manager of the company. He noted that Russian rapeseed oil, prized for its low acid value and high smoke point, is particularly popular among domestic downstream enterprises. This "Russian supply, Chinese processing" model is fueling a growing shift among local businesses, pushing them beyond mere trade toward more advanced, value-added processing. Yang crunched the numbers. "By importing raw materials through 'border trade', a special policy that allows residents in border areas to conduct small-scale cross-border trade under simplified customs procedures, we save an average of 500 yuan (about 69.5 U.S. dollars) per tonne. Since last year, that's added up to savings of over 8 million yuan," he explained. This model cuts traditional trade taxes and fees from around 18 percent to less than 4 percent of total costs. It enables enterprises to source raw materials at lower prices, while border residents earn income from the price difference, creating a win-win supply chain involving border residents, cooperatives and enterprises. As of April 2025, "border trade" in Manzhouli has surpassed 100 million yuan this year, with more than 3,600 border residents taking part, generating nearly 2 million yuan in tax revenue to the city. The roaring development of Manzhouli's timber processing industry goes hand in hand with the grain and oil sector. Since establishing an imported timber processing base in 2003, Manzhouli has continuously focused on deep and fine processing, showcasing the strong potential of its timber manufacturing industry. Located in the Inner Mongolia Manzhouli border economic cooperation zone, the import-export resource processing industrial park processes up to 5.6 million cubic meters of timber annually. It has developed a diverse product lineup, including solid wood furniture, doors and windows, wood pellets, and solid wood flooring. An aerial drone photo shows containers being loaded at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region In 2023, the city's timber import reached 1.88 million cubic meters, demonstrating the strong momentum of the industry's growth. Meanwhile, Manzhouli has planned the development of a 2.74-square-kilometer chemical industry cluster within the import-export resource processing industrial park. This cluster will primarily rely on the import of large quantities of liquefied petroleum gas, methanol, and alkanes from Russia to drive integrated new energy chemical utilization and related projects. The cluster will provide high-end, premium chemical intermediates for domestic advanced polymer materials and engineering plastics, injecting new momentum into the city's economic development. Bai Zhiping, an official from the Manzhouli municipal commerce bureau, said that Manzhouli's transformation from a "transit station" to an "industrial hub" reflects the development of the port-based processing model. An increasing number of enterprises are moving beyond the traditional "transit economy" and are leveraging the advantages of the border to create a new industrial ecosystem focused on deep processing. In the first quarter of this year, Manzhouli's import and export freight volume reached 6.53 million tonnes, a year-on-year increase of 10.6 percent. The value of imports and exports handled by the Manzhouli port reached 47.67 billion yuan, up 6.1 percent year on year. Media Contact Hao JianEmail: 7511258@ Number: 86-0471-6664059 SOURCE: Media OutReach View the original press release on ACCESS Newswire Sign in to access your portfolio
Arabian Post
21-05-2025
- Business
- Arabian Post
Largest China-Russia Land Port Reinvents Itself as Industrial Hub
An aerial drone photo shows trains for China-Europe freight service at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region HOHHOT, CHINA – Media OutReach Newswire – 21 May 2025 – As China's largest land port, Manzhouli is expanding beyond its traditional role as a 'transit station.' By promoting local processing of grain, oil and timber, the city is steadily evolving into a regional industrial hub. At Manzhouli Xinfeng Grain and Oil Industry Co., Ltd., freshly imported rapeseed from Russia is processed on intelligent production lines. From dehulling to pressing, the procedures run smoothly, as golden rapeseed oil gently streams into storage tanks. 'As soon as the raw materials clear customs, we go straight into production, operating around the clock,' said Yang Zhihong, deputy general manager of the company. He noted that Russian rapeseed oil, prized for its low acid value and high smoke point, is particularly popular among domestic downstream enterprises. ADVERTISEMENT This 'Russian supply, Chinese processing' model is fueling a growing shift among local businesses, pushing them beyond mere trade toward more advanced, value-added processing. Yang crunched the numbers. 'By importing raw materials through 'border trade', a special policy that allows residents in border areas to conduct small-scale cross-border trade under simplified customs procedures, we save an average of 500 yuan (about 69.5 U.S. dollars) per tonne. Since last year, that's added up to savings of over 8 million yuan,' he explained. This model cuts traditional trade taxes and fees from around 18 percent to less than 4 percent of total costs. It enables enterprises to source raw materials at lower prices, while border residents earn income from the price difference, creating a win-win supply chain involving border residents, cooperatives and enterprises. As of April 2025, 'border trade' in Manzhouli has surpassed 100 million yuan this year, with more than 3,600 border residents taking part, generating nearly 2 million yuan in tax revenue to the city. The roaring development of Manzhouli's timber processing industry goes hand in hand with the grain and oil sector. Since establishing an imported timber processing base in 2003, Manzhouli has continuously focused on deep and fine processing, showcasing the strong potential of its timber manufacturing industry. Located in the Inner Mongolia Manzhouli border economic cooperation zone, the import-export resource processing industrial park processes up to 5.6 million cubic meters of timber annually. It has developed a diverse product lineup, including solid wood furniture, doors and windows, wood pellets, and solid wood flooring. An aerial drone photo shows containers being loaded at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region In 2023, the city's timber import reached 1.88 million cubic meters, demonstrating the strong momentum of the industry's growth. Meanwhile, Manzhouli has planned the development of a 2.74-square-kilometer chemical industry cluster within the import-export resource processing industrial park. This cluster will primarily rely on the import of large quantities of liquefied petroleum gas, methanol, and alkanes from Russia to drive integrated new energy chemical utilization and related projects. The cluster will provide high-end, premium chemical intermediates for domestic advanced polymer materials and engineering plastics, injecting new momentum into the city's economic development. Bai Zhiping, an official from the Manzhouli municipal commerce bureau, said that Manzhouli's transformation from a 'transit station' to an 'industrial hub' reflects the development of the port-based processing model. An increasing number of enterprises are moving beyond the traditional 'transit economy' and are leveraging the advantages of the border to create a new industrial ecosystem focused on deep processing. In the first quarter of this year, Manzhouli's import and export freight volume reached 6.53 million tonnes, a year-on-year increase of 10.6 percent. The value of imports and exports handled by the Manzhouli port reached 47.67 billion yuan, up 6.1 percent year on year. Hashtag: #Manzhouli The issuer is solely responsible for the content of this announcement.
Globe and Mail
30-04-2025
- Automotive
- Globe and Mail
Redburn Atlantic: Time to Sell Tesla Stock (NASDAQ:TSLA)
Things have not been great for electric vehicle stock Tesla (TSLA) of late, nor for its various derivatives. And new word from analysts at Redburn Atlantic say it is time to pull out altogether. Investors, meanwhile, took Redburn's advice seriously, if only slightly, and shares of Tesla slipped fractionally in Tuesday afternoon's trading. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Word from Redburn Capital analyst Adrian Yanoshik calls for a mass exodus, as Tesla's recent history of declining sales volume and accompanying hurting cash flow is likely to carry on for the rest of the year. A combination of Mexico-US tariffs, China-Europe tariffs, and overall struggles with electric vehicle pricing are likely to produce troubles for Tesla through much of 2025. In fact, Redburn's projections on Tesla are downright pessimistic. Its estimates for free cash flow, and for earnings, are each 10% below Wall Street consensus, reports noted. And if the United States Inflation Reduction Act clean vehicle credits get pulled back as well, then that will take Tesla's sales down still another notch. Thus, Redburn's projected price target on Tesla stock stands at $160 per share. That represents a 44% drop against Monday's closing figures. Good Luck Buying One in New York And in New York, it may get tougher to even try to sell a Tesla to begin with. While state lawmakers have been previously seen working to bring more Tesla dealerships to New York under the guise of supporting green energy initiatives, that, somehow, changed. Now, New York is working to remove the five directly-operated Tesla dealerships in the state, because, apparently, Tesla cars are no longer green. Particularly when large amounts of them are being set on fire by 'protestors.' In fact, some Democrats in New York want to go farther still; instead of cutting off Tesla's ability to sell, they also want a 'comprehensive audit' of a deal that lets Tesla run a plant near Buffalo on a $1-per-year lease. Further, Dems also want clawbacks on previously-awarded subsidies, because again, somehow, Tesla electric vehicles just are not 'green' enough any more. Though, certainly, some have asserted that this is a matter of politics on Tesla's CEO's part rather than any issue with the vehicles themselves. Is Tesla a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 17 Buys, 10 Holds, and 12 Sells assigned in the past three months, as indicated by the graphic below. After a 55.58% rally in its share price over the past year, the average TSLA price target of $284.74 per share implies 0.5% upside potential. See more TSLA analyst ratings Disclosure Disclaimer & Disclosure Report an Issue
Yahoo
23-04-2025
- Automotive
- Yahoo
TomTom provides enhanced navigation to smart's in-vehicle solutions
TomTom provides enhanced navigation to smart's in-vehicle solutions SHANGHAI, April 23, 2025 (GLOBE NEWSWIRE) -- Auto Shanghai – TomTom (TOM2), the location technology specialist, today announced that it has been selected by smart, the premium all-electric intelligent auto brand, to provide enhanced full-stack navigation solutions for smart's in-vehicle infotainment systems across global markets. Through this partnership, TomTom elevates the driving experience by providing the smart #1, smart #3 and smart #5 models with industry-leading maps and a suite of intuitive navigation features. Drivers will benefit from TomTom's real-time updates and alerts on traffic conditions, local hazards, and potential dangers, providing greater peace of mind in dynamic road conditions. The smart models feature TomTom's advanced EV services, empowering drivers to embrace electric mobility, even on longer journeys. Furthermore, the models will leverage TomTom's Advanced Driver Assistance Systems (ADAS) maps, including speed limit information compliant with European standards (ISA) and EuroNCAP safety regulations, for safer and more efficient driving. 'We are thrilled to partner with smart to enhance their new generation of zero-emission electric vehicles with our advanced mapping and location data,' said Benoit Joly, SVP Sales, TomTom. 'We've optimized the infotainment system to provide a seamless navigation solution, combining our high-precision maps and real-time travel insights to deliver a great EV experience.' 'TomTom's leadership in navigation technology perfectly complements smart's commitment to delivering premium, electric, and connected vehicles,' said Yang Jun, Global CTO, smart. 'By incorporating real-time traffic data, EV charger availability, and individual driving styles, we ensure our drivers have access to optimal charging stops and seamless route adjustments, making electric driving even more convenient and enjoyable.' About TomTom: Billions of data points. Millions of sources. Thousands of communities. We are the mapmaker bringing it all together to build the world's smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward. Headquartered in Amsterdam with 3,600 employees around the globe, TomTom has been shaping the future of mobility for over 30 years. About smart: Since the birth of the brand in the 90s, smart has always maintained the vision of exploring the best solutions for future urban mobility. smart was officially established in 2019 with a forward-looking "China-Europe, dual home" global development strategy, and is committed to becoming a world-leading, new-premium, intelligent and all-electric auto brand. Following the comprehensive renewal of the brand, product and business model, smart will "Sprint to the Next Level" and has updated its brand claim. "open your mind" reflects a commitment to embracing diversity of thoughts, cultures, and beliefs, with an optimistic and open attitude, and making inspiration a reality through innovation. Engineering, research, and development for the new generation all-electric vehicle portfolio is led by the smart R&D team, with the Mercedes-Benz Global design team overseeing vehicle design. smart has introduced three SUV models, namely the #1, #3, and the all-new smart #5, which indicates the brand's formal foray into the premium mid-size all-electric SUV market segment. For further information: Media Relations mediarelations@ Investor Relations ir@ A photo accompanying this announcement is available at
