China’s home-grown C929 widebody passenger jet enters 'crucial' development stage amid Beijing’s aviation push

China’s house- grown C929 widebody customer aircraft has entered” a critical stage” of its development process, according to its manufacturer, amid Beijing’s ongoing efforts for a solid presence in the aviation industry. Zhang Xiaoguang, director of marketing for Commercial Aircraft Corporation of China ( COMAC ), stated at a scienceContinue Reading

Seeing US ties, Vietnam appeals for 'market economy' status

PROMISING STABILITY AFTER PRESIDENT QUITS He also told the US audience not to expect policy turbulence in Vietnam despite recent political upheaval. The Communist Party last week announced that Vietnam’s president, Vo Van Thuong, had quit after barely a year on the job due to unspecified “violations and shortcomings”. “Vietnam’sContinue Reading

China to speed up 'new productive forces', vice president says

Foreign companies have been attempting to resolve the introduction of a wider anti-espionage law, investigations into consultancies and due diligence firms, and exit bans with Taiwanese leaders’ public attitudes toward outside investment. According to data released on Friday ( Mar 22 ), foreign investment flows into China decreased by nearlyContinue Reading

‘Different logic’: China EV firm XPeng CEO says he will not speed into global market

WAR EXPECTED TO END TWO TO THREE YEARS

He anticipates that China’s fierce EV industry will experience a two to three-year price war as gasoline-fueled cars even seek to lower costs to maintain market share.

China is the world’s largest Vehicle business with a penetration level of 35.7 per share next year, up 8 percentage points year- on- year.

But Mr He expressed enthusiasm, calling it” good business contest”.

” It will not last for many years. I believe that once it reaches a period, your rivals may eventually stabilize. At this time, you may use better R&amp, D ( research and development ), better value and stable prices to serve clients well”, he said.

” I think this is a process. From a business standpoint, everyone will have challenges in the brief- word, we say we are really’ juan’ ( Chinese slang for competitive ). But in the medium- name, it makes the business bigger and perhaps stronger”.

According to Mr. He, XPeng must also create items that are more technologically advanced and effective.

” If you’re just making the same thing, for cheaper, I do n’t think it’s necessary”, he added.

His wish is that XPeng is ultimately alter how people travel by making it safer and more effective. &nbsp,

Mr He predicted that in 10 to 20 times, vehicles will be extremely intelligent.

” On your own, just 5 to 15 % of people can fly between cities and provinces,” he said. I believe this is what we want to do, adding that other people also use railways or other modes of transportation plus vehicles.

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China's manufacturing powerhouse Guangdong eyes technological transformation

Using a PIN to Face Challenges

Local and foreign producers have been asked to reevaluate their supply chain methods by rising costs and rising costs. Some businesses have relocated some of their activities to different areas, such as South Asia and Southeast Asia.

Chinese electronic vehicle manufacturers, for instance, have just received government support to establish export-oriented supply chains in response to US and European trade restrictions.

Wang Weizhong, government of Guangdong, noted that despite the challenges still present, the region has also improved the law-based, market-oriented setting to draw significant foreign-funded projects.

He claimed that more than 1, 900 of these companies opened stores in Guangdong in January this year, an increase of 106 % over the previous month.

” We does actively promote the high-end, intelligent, and efficient business. According to Mr. Wang,” we will diligently apply the government’s new round of large-scale equipment regeneration and deployment, as well as major policy measures like reducing logistics costs and trade-in of consumer goods,” he told CNA.

He added that Guangdong’s local technology potential has been in the top spot for the past seven times.

” We will view the creation of new quality productivity as a strategic move and a long-term move,” he said,” and this shows ) strong confidence in the development of Guangdong’s manufacturing industry.” &nbsp, &nbsp,

ATTRACTING TALENT AND Assets

The place has been a key force behind China’s financial reform and expansion. It is located at the intersection of China’s Greater Bay Area ( GBA ), a hub for rapid high-tech advancements that attracts significant foreign investment.

” The GBA will enable the agility of a lot of skills, including those from mainland China, Hong Kong, Macao, and even those from other parts of the world,” said one analyst. Therefore, it is difficult for Guangdong to maintain its current talent while attracting more talent from other regions, according to political scientist Professor Sonny Lo.

He thinks Guangdong continues to be a hotbed for foreign buyers as a result of increasing investments in technical knowledge and better communication to Hong Kong and Macao.

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