Ralph Jennings joined the Political Economy desk as a Senior Reporter in August 2022 having worked as a freelancer since 2011. Ralph previously covered news for Thomson Reuters in Taipei and for local newspapers in California. He graduated from University of California, Berkeley with a bachelor’s degree in mass communication.
China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.
China’s shipyards are set to be the main beneficiaries of a wave of new orders as their South Korean competitors adopt a more “cautious” approach, according to ING.
Existing BeiDou system, used in telecommunications, transport, and natural resource management, has also been expanding its use in developing countries.
Officials hope to eventually source hi-tech plane components domestically to drive industrial self-sufficiency, but for now overseas producers are essential.
At least five airlines will increase flights within the next two months, connecting Beijing, Guangzhou, Shanghai and Shenzhen with Toronto and Vancouver.
Mofcom message comes as Trump revels in re-election win after vowing higher tariffs on China, and with EU officials in town for ‘intensive’ negotiations.