China-based, state-owned shipping behemoth China Ocean Shipping Company (COSCO) has acquired a 49% stake in a landlocked port under construction in Kazakhstan, the New York Times reports.
The American auto industry’s shift to electric vehicles over the next five years may represent an opportunity for Chinese EV makers to capture market share. Several companies have announced plans to expand into the U.S., which might represent a threat to Tesla.
Even though hyperloop has not yet been officially launched in mainstream transportation systems in the United States, it has piqued the interest of the Chinese government enough to consider a 16-man passenger pod system using the Maglev technology.
China’s $3B copper mining deal in Afghanistan, the largest foreign investment in the country’s history, is going nowhere. 10 years into a 30 year lease, supply chain problems are keeping any copper from being extracted at all.
The Chinese government is investing in the country of Georgia in a plan to potentially turn the country into a major export hub for Chinese goods.
Concerns are arising in the EU about the West’s waning influence in Eastern Europe as rampant Chinese investment increases, including the $1 trillion One Belt, One Road project to streamline trade.
Mangbang CEO Wang Gang believes there is plenty of available opportunity in the Chinese freight market for his company develop technological solutions to solve freight issues.
The China Aerospace Science and Industrial Corporation (CASIC) has begun development of a Supersonic transportation technology, which would shatter Musk’s initially proposed 745 mph design should it come to fruition. Advantage China.
While the Chinese economy went from marginal to the global leader in trade in just 40 years, its political position was primarily quiet. Now China’s participation is paramount to global peace and development.
What began as an attempt to create a corridor from China to central Asia through infrastructure projects, has grown more ambitious and has encircled 65 countries across Asia, Africa, and Europe – all bearing China’s One Belt, One Road initiative.
Following on the footsteps of its European counterpart, Daimler Trucks North America will begin shipping 3D printed parts under a pilot program. Daimler’s Mercedes-Benz unit started a similar pilot in Europe last year.
German automobile manufacturer Volkswagen has decided to throw its hat into the electric vehicle market, planning to develop 40 models for Chinese automobile market by 2025.
Used-truck sales volumes continued their upward trend in October, but the industry is still facing an oversupply of vehicles, according to ACT Research. Class 8 same dealer used truck sales increased 12% month-over-month and 37% over October 2016, the firm said.
China-based autonomous driving technology start-up, Tianjin TSINTEL Technology, has successfully secured $15.15 million in a Round A fundraising spearheaded by the CMG Innovation Investment Management Co., Yicai Global reports.
As the Chinese economy rises and more people in the world’s largest nation move into the middle class, the demand for foreign goods escalates. In response to domestic demand and pressure from the U.S. to lower the trade deficit, China is opening its doors to American beef.
Luxury brands have been closing up shop in China recently, according to the South China Morning Post (SCMP). The phenomenon of building brick-and-mortar stores that “originated in China,” has now reversed itself, as more retail stores are closing up shop and moving online.
The provincial government of Sichuan in China is pulling out all the stops to promote development of alternative energy vehicles even as sales of heavy trucks in the country climb to record highs.
Foton Motor Company and Cummins have reached a deal to build a “Super Truck” for China designed to reduce fuel usage and improve productivity.
Cross border delivery of items ordered online in China is now possible due to new train service available from site Kaola.com. An e-commerce company backed financially by Netease, Kaola.com ran its first train of products into Chongqing’s Lianglu Cuntan Free Trade Port Area, Yicai Global reports.
The second largest e-commerce player in China has sealed the deal and will deploy the first automatic delivery vans to operate on the mainland. JD.com has confirmed the partnership deal made with Chinese automobile manufacturers Dongfeng Motor Corporation and Shanghai-based SAIC Maxus, China Daily reports.
