With 20 million road cyclists in China, the industry is expected to be worth $21.8 billion by 2026. Read more at straitstimes.com.
SHANGHAI - In the pre-dawn hours, as much of Shanghai is still asleep, dozens of Lycra-clad individuals can be seen zipping through the city’s streets, past the historic buildings of the old French Concession and across the roaring Huangpu River.
On many days, a tall, slim man can be seen riding beside the pack, occasionally slowing to take pictures of the group before moving to rejoin them.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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US Ambassador to China hacked in China-linked spying operation: ReportBeijing-linked hackers accessed US Ambassador to China Nicholas Burns' email account in an espionage operation thought to have compromised at least hundreds of thousands of individual US government emails, the Wall Street Journal reported on Thursday (Jul 20). Daniel Kritenbrink, the assistant secretary of
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ABB seeing some customers shift investments away from ChinaZURICH : ABB is seeing some customers shifting investments from China to India and other parts of Asia due to geopolitical tensions, the industrial and engineering group's Chief Executive Bjorn Rosengren said on Thursday.The maker of factory robots and automation systems reported a 9 per cent drop in new
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China issues measures to boost consumption of auto, electronics itemsBEIJING : Beijing authorities on Friday unveiled measures to boost consumption of auto and electronics items as part of a broader drive to shore up China's faltering economy.In two separate statements issued an hour ahead of a press conference in Beijing, the country's economic planner and other governmen
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China announces steps to boost sales of cars, electronicsBEIJING :Chinese authorities announced a raft of measures on Friday to help boost sales of automobiles and electronics, and warned local governments from rolling out policies that would fuel vicious competition, as they seek to shore up a slowing economy.Regions will be encouraged to increase annual car purch
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China's steps to boost sales of cars, electronics disappoints marketBEIJING : Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus.Regions will be encouraged to increase annual car
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China seeks to boost demand by pushing urban development - state mediaBEIJING : China's cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government's latest move to support the economy, state media said on Friday.The post-COVID recovery in China, the world's second-largest economy, is faltering as demand weakens at home and abroad,
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