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Railway cars for cargo freight service at China-Laos railway roll off assembly line

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​global times​​​ A total of 50 railway cars rolled off the assembly line at Chinese rolling stock maker CRRC's Meishan plant in Southwest China's Sichuan Province on Wednesday, the first domestically →

EU gets serious on microchip production amid fears of subsidy race

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brussels times By Liv Klingert The global microprocessor shortage that is hampering industries around the world has seen EU lawmakers scramble to write new legislation that will alleviate the crisis →

China announces special bond worth 750 billion yuan to spur economic growth

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​global times​​​ China said on Friday that it will issue a 2022 special bond worth 750 billion yuan ($107.93 billion) on December 12 to boost the economy, as an optimized COVID-19 response adjustment →

Overseas trips to ‘grab orders’ exemplify endogenous power of Chinese economy

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​global times​​​ Early on Friday morning, a charter flight carrying a business delegation, organized and sponsored by the Suzhou government, took off for Europe. This was the first charter flight →

Can India replace China as ‘factory of the world’?

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asia times by Nigel Green India’s overt plans to replace China as the “factory of the world” appear to have ramped up in recent weeks. This comes amid growing concern from global manufacturers →

Open-source IC architecture taking off in China

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asia times by Scott Foster New product launches by Chinese IC (integrated circuit) design companies have brought renewed attention to efforts to get around US semiconductor sanctions by using →

Micron reveals its big picture growth plans

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asia times by Nile Bowie America’s Micron Technology, one of the world’s leading memory and storage chip makers, is making billions of dollars in new global investments to meet anticipated long-term →

The days of the hydrogen car are already over

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asia times by Tom Stacey and Chris Ivory Hydrogen fuel cell cars emerged as an alternative to both the electric and combustion engine vehicle in the early 2000s. They were widely considered an avenue →

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

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reuters By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese →

EU industry heavily dependent on fossil energy

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brussels times By Dylan Carter In 2020, the industry sector accounted for 26% of all final energy consumption within the European Union, making it the third largest end-user in the EU, after →

G7 coalition agrees $60 per barrel price cap for Russian oil

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reuters By Jan Strupczewski, Kate Abnett, David Lawder and Andrea Shalal The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne →

High energy prices will kill more than 100,000 Europeans this winter, study finds

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the brussels times By Thomas Moller-Nielsen More than 100,000 Europeans could die from high energy prices this winter, according to a new study by The Economist magazine. The study found that, if →

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