Rail route to facilitate foreign trade

Goods from Urumqi in China’s Xinjiang Uygur autonomous region will soon enjoy lower logistics costs and shorter travel time to Azerbaijan, Georgia, Iran and Turkey, as a result of new cargo routes due to open this year.

China just built a 250-acre solar farm shaped like a giant panda


Most solar farms align their solar arrays in rows and columns to form a grid. A new solar power plant in Datong, China, however, decided to have a little fun with its design. China Merchants New Energy Group, one of the country’s largest clean energy operators, built a 248-acre solar farm in the shape of a giant panda. 

Belt and Road Initiative in five years

In just five years, the Belt and Road Initiative has grown from a concept to a key platform for building a community with a shared future for humanity and a well-received international public goods.

KPMG optimistic about China’s H2 growth

Consultancy firm KPMG is optimistic about China’s economic growth in the second half of this year, as infrastructure investment is expected to rebound moderately with an accelerated issuance of local government bonds. 

Gree sets up chip design subsidiary

Home appliance maker’s new arm to focus on smart component R&D. Gree Electric Appliances Inc, a major home appliances maker based in Zhuhai, Guangdong province, has set up a subsidiary focused on the design, development and sales of computing chips, according to the local industrial and commercial authority.

Chinese tourists boost mobile payments abroad

As more Chinese people travel abroad during this year’s summer holiday, the boom in mobile payments has reached several countries, according to latest data from the nation’s leading mobile payment service.

China promises new measures to boost private investment

The Chinese government will step up reform and roll out a series of new incentives to better remove hurdles hampering private investment and businesses and boost economic vitality, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Thursday.

Personal changes at ChinaCham Secretariat

We would like to inform you that Viktor Bihari left ChinaCham on 15th of August for a better job opportunity. The secretarial duties will be provided by Lilla Valasinyovszki, the e-mail address of the chamber (levelezes@chinacham.hu) and the telephone numbers (+ 36-30-286-931, 36-1-414-7365 (9.00-13.00)) are unchanged.

Amazon, Deloitte team up to help companies go digital

Amazon’s cloud service platform, Amazon Web Services, has inked a strategic partnership with international consulting firm Deloitte in China, to help enterprises realize digital transformation and continued innovation.