by Teuvo Tuomi | Aug 21, 2023 | China, News, Technology
China’s robotics industry has made great strides, with its revenue surpassing 170 billion yuan ($23.3 billion) in 2022, maintaining double-digit growth. The nation’s sales of industrial robots accounted for more than half of the world’s total in 2022, ranking first...
by Teuvo Tuomi | Aug 13, 2023 | China, Lifestyle, Southeast Asia, Travel
China has announced the resumption of group tours to 78 countries, including popular travel destinations such as Japan, the United Kingdom, the United States, and Australia. The announcement has sparked a surge of tourists making inquiries to travel agencies, and they...
by Teuvo Tuomi | Jul 15, 2023 | China, Entertainment, Lifestyle
China’s film market will take the lead in the world by 2025, according to a report released by global auditing and consultancy firm PwC. In 2027, the country’s movie box office revenue could hit 13.2 billion USD, accounting for 27% of the global market,...
by Teuvo Tuomi | Apr 21, 2023 | China, Asia, Economy, News
The Bank of Finland Institute for Emerging Economies (BOFIT) expects China’s GDP growth to reach around 6% this year due to the opening-up of the economy and last year’s low reference basis. Recovery of the real estate sector should also help increase GDP growth next...
by Teuvo Tuomi | Apr 7, 2023 | Asia, China, Japan, Technology
Japanese government measures to prevent the outflow of manufacturing technology related to high-performance, rare-earth magnets appear to have failed. China, whose firms developed technology and equipment acquired from Japan, now dominates the market for advanced...
