Barry van Wyk spent eight years in China studying Chinese in Tianjin and working as a consultant and project manager in Beijing. He holds a Master of Arts in economic history from the London School of Economics (2005).
Huawei’s CEO last week warned that winter is coming, and Huawei needs to focus on revenue and profit. But the company’s car business is burning through money, and now Huawei needs to make a crucial decision.
Business briefs from the Chinese media — Tuesday August 30
Business briefs from the Chinese media — Monday August 29
Mining is the only sector of the economy showing consistent profits this year. The biggest gains are in coal, and oil and gas, but lithium and silicon miners are enjoying windfalls thanks to the electric vehicle and solar energy industries, and copper and uranium mining have been lucrative, too.
Business briefs from the Chinese media — Thursday August 25
Offline stores are back in the game. Local convenience stores are now delivering groceries, medicines, and clothes faster than Alibaba and JD.com can.
After acquiring Volvo in 2010, Geely launched a bold plan to have 90% of its sales come from electric vehicles by 2020. The company is still a long way from reaching that target.
Business briefs from the Chinese media — Wednesday August 24
Since the Cyber Security Law took effect in 2017, China has promulgated a growing body of legislation to combat digital crime. But cases of cyber crime increased rapidly from 2017 to 2021, and cyber criminals prosecuted by China’s courts are becoming younger.