The EU replaces the U.S. as China’s top surplus partner
It also avoids admitting that there is a deep demand-side problem. Acknowledging that the main constraint is that people do not feel secure enough to spend would imply stronger social…
New portal streamlines services for expatriates in Hainan
The Hainan Free Trade Port international services portal launches on Dec 15 in Haikou. The Hainan Free Trade Port initiated an international services portal on Monday, three days before the…
Personal transfers: €52.1 bn sent outside EU in 2024
In 2024, flows of money sent by EU resident households to non-EU resident households, referred to as personal transfers, amounted to €52.1 billion, an increase of 6% compared with 2023…
EU primary energy consumption decreased by 1% in 2024
In 2024, primary energy consumption in the EU reached 1 202 million tonnes of oil equivalent (Mtoe), a 0.8% decrease compared with 2023. Data show that in 2024, the EU…
Robots horn their skills in Shanghai
The Global Developer Pioneers Summit 2025 and the International Embodied Intelligence Competition opened in Shanghai on Dec 13. This competition is a full-scenario demonstration of embodied intelligence including industrial production…
14% of young people in the EU dropped out of education
Data collected in 2024 show that 14.2% of people aged 15-34 in the EU left formal education or training at least once during their lifetime. The highest dropout rates were…
Hisense Europe sees 2025 sales up by 6%
VELENJE, Slovenia – Hisense Europe, a Chinese-owned consumer electronics and home appliances group based in Slovenia, expects to close 2025 with about 4.8 billion euros ($5.2 billion) in revenue, up…
Shanghai Port on track for record year
Containerships dock at a port in Shanghai on Dec 8. XINHUA With continued technology upgrading and industrial transformation, Shanghai Port is expected to beat its annual throughput record this year,…
Google and Xreal reveal details of joint AI eyewear project
A humanoid robot at XREAL’s booth at the 2025 World AI Conference in Shanghai on July 27, 2025. Key details of Project Aura, a new pair of smart glasses, were…
Chinese, UAE partners work to tap Middle East market
Dr Adrian Cheng (right), founder and executive chairman of K11 by AC of Almad Group, and Sheikh Mana, founder and chairman of Wafi Group, sign a joint venture agreement to…