BEIJING (Reuters) -Car dealers in one of China’s richest regions are appealing to automakers to overhaul sales strategies amid mounting pressure on their cash flow and high inventories in another sign of the growing toll of the price war in the world’s largest car market. Four dealer associations based in the Yangtze River Delta encompassing…
In Suzhou, eastern China’s Jiangsu province, the start-up Magic Lab specialises in full-sized humanoid robots designed to interact with people and work in factories – just one example of the Yangtze River Delta region’s transformation into a national innovation hub. “More than 90 per cent of the components, including critical parts like torque motor joints,…
Hong Kong should collaborate with mainland China on tourism initiatives in the Greater Bay Area and beyond to capitalise on Beijing’s recent easing of tax refund rules for visitors, industry leaders have said. Chung Pok-man, vice-chairman of the Hong Kong Department Stores and Commercial Staff General Union, said on Wednesday that the mainland’s recently relaxed…
Hangzhou, the capital of China’s southeastern Zhejiang province, is rapidly gaining recognition as a leading technology hub in the country with the rise of local start-ups known as the “Six Little Dragons”. Among the hottest of the start-ups right now is DeepSeek, which captured global attention this year for its cost-efficient artificial intelligence (AI) models….