Relying heavily on imports and continuously pressured by a steadily growing demand, the Chinese carbon fibre industrial supply chain has to more than double its current production capacity.
Over the next decades, China will ultimately establish a conventional aviation industry. Meanwhile, the country can overtake its Western counterparts in developing the green aircraft of the future, where everything has to be invented, from design to infrastructure, including components and composite materials.
Founded in 2017, Chinese cosmetics brand Perfect Diary has just obtained USD150 million from a pool mainly composed of American investors. With this new fundraising, the brand, which emerged from the Chinese digital ecosystem, is valued at USD4 billion. Has China finally found its first global beauty brand?
The major difference between these two bikes and more classic electric bikes is the near absence of the elements that usually characterize an electric bike. Thus, no battery is visible, the crankset seems traditional and no indicator or control box is present.
FAW Group (中国一汽) is about to establish a joint venture with Silk EV, a little-known U.S.-based automotive engineering and design company, to build the first Hongqi-branded sports car, reports Xinhua News Agency.
British government is in talks with China Railway Construction Corporation company (CRCC, 中国铁建) about putting its HS2 project back on track, reported British newspaper Financial Times. HS2, the UK’s over budget and long delayed high-speed rail line, which will speed from London to the Midlands and the north of England, this month received the go-ahead for the first phase of construction.
The wide-body Sino-Russian CR929 is not the only aircraft that China’s COMAC wants to use to challenge the Airbus-Boeing duopoly. With the medium-haul C919, the competition on the rising regional flight market will begin sooner than on the long-flights market.
The urgent need to address the challenges of climate change and China’s rapid urbanization involves both the private and public sectors. Projects are developed on the local scale but also planned nationally.
Alain Visser, chief executive of Lynk & Co International, has given interviews lately to the Western trade press. In a context of difficult Chinese car market, he reiterates his objective to expand the brand in Europe and the US with innovative ways of doing business.
The Chinese economic magazine Cyzone (创业邦) has identified the six Chinese heritage brands with higher sales potential, in China and globally. A surge of nationalism and nostalgia, a taste for crossover products: the Chinese do not seem to be willing to abandon the brands that are part of their history. At the top of the class: Pechoin (百雀羚) or the resounding return of a sleeping beauty.