Elektrisola opened its first facility in China fifteen years ago. Widely considered as one of the world’s leading manufacturer of enameled copper wire, the company is now seeking to expand its already vast production stronghold in the Asian superpower.
The ongoing trade war between two of the world’s largest economies are starting to hurt business from all over the world. Recently, logistics giant FedEx assured investors that the company’s business and global operations is not affected by the bitter trade war between China and the United States.
The ongoing trade war between China and the United States, two of the world’s top superpowers, is starting to tax each other’s economy. Recent reports revealed that China is planning to print more money in order to manage the massive tariffs slapped by the U.S. against the country’s goods. By adopting this strategy, China should be able to loosen its monetary policy which in turn can boost domestic demand and ultimately offset the negative repercussions of the tariffs.
China and the United States are currently locked in a bitter trade war that has seen more than $50 billion in tariffs being levied on various goods produced by the two superpowers. Recently, as part of its retaliatory actions, China announced that the country will halt accepting license applications from U.S. companies dealing in the financial services and other industries. China added that it will uplift the new regulation when Washington makes amends in order to settle the ongoing trade war.
Widely considered in China as the “Amazon for Services, tech giant Meituan recently confirmed that the company will be pushing forward with its plan for an Initial Public Offering (IPO). The decision came in as quite a shock for many in the industry as it was recently reported that the tech industry in China is facing quite a downturn.
It is essential for both China and Europe to unite in developing and stabilizing Africa’s economy. Global times posted that it is the only answer to the migration crisis and it is also the solution to the spread of terrorism and underdevelopment in the country.
Seven Stars Cloud Group, more commonly known as Ideanomics, have recently signed a deal with one of China’s leading auto financing company, First Auto Loan. The deal between the two companies was reported to be valued at $6 billion.
Abu Dhabi Ports and Khalifa Industrial Zone Abu Dhabi (KIZAD) was reported to heighten its trade relations with China. The boost in trade ties followed Chinese President Xi Jinping's visit to the UAE in July.
Despite the shift of the global market away from foreign investment, China still posted an overseas capital increase in 2017. Many market analysts are seeing this as a sign of the county’s robust economy.