According to a report by Global Financial Integrity (GFI), a financial transparency group, between 2003 and 2012, $1.3 trillion slipped out of mainland China—more than any other developing country. Continue Reading »
In South China’s Guangdong province a manufacturing hub has begun constructing the city’s first zero-labor factory, bringing into effect the local authorities’ ”robot assembling line” strategy. Continue Reading »
In China, people attending funerals may have to do without a special form of entertainment: strippers. The Chinese government plans to work closely with the police to eliminate such performances, which are held with the goal of drawing more mourners. Continue Reading »
According to the newest data from China Mobile, the company now has just over 100 million 4G subscribers. This comes only 14 months after the nation’s top telco switched on China’s first 4G network. Continue Reading »
The situation with spam has been the same for many years now and 2014 was no exception. Useless emails are still abundant, annoying, and wasteful. There was one change that happened in the last quarter, however: China eclipsed the U.S. as the biggest source of spam.
Will the automobile keep its soul as the industry transforms itself?
At the 1964 New York World’s Fair automakers were center stage. General Motors exhibited the Firebird IV concept car. GM explained how it, “anticipates the day when the family will drive to the super-highway, turn over the car’s controls to an automatic, programmed guidance system and travel in comfort and absolute safety at more than twice the speed possible on today’s expressways.” Ford introduced a vehicle for the more immediate future: the Mustang. With an eye toward the segment that would later be named the baby boomers, the Ford Division’s general manager (a not-yet-40-year-old engineer named Lee Iacocca) explained that the car brought “total performance” to a “young America out to have a good time.” Ford estimated it would sell 100,000 Mustangs during that first year; in fact, it would sell more than 400,000.
U.S. based executives see a larger share of their manufacturing capacity will be in the U.S. in 5 years.
The number of U.S. manufacturers moving home is growing. According to a new survey from The Boston Consulting Group (BCG), more U.S. companies are moving production back from China.
There are 89 tankers sailing for Chinese ports.
The US Shale Oil industry and Venezuala up in arms, Russia is being awkwardly quiet as the ‘secret’ Saudi-US oil deal that pressured prices for crude down to $80 has ‘hurt’ a lot of the world’s producer nations. However, China is the one country that is very grateful, Bloomberg reports.
Chinese consumers are more interested in autonomous driving technology than anyone else.
The auto market in China is having an increasingly important effect on the bottom line for all automakers worldwide as it continues to grow. Just look at examples like General Motors’ strong recent growth or Porsche’s expanding sales. In addition to being vital for business, some industry watchers think the nation’s huge consumer force might just make it the premier place for automatic driving technology to prosper more quickly than in any other market.
Foxconn wants to make an electric car priced less than $15,000.
Foxconn, Apple’s manufacturing partner, is notorious for its empire of iPhone-assembling employees and robots, but the electronics manufacturer is looking to shift gears, by building a dirt cheap electric car and it’s already investing $811 million to speed up the process.