China • Industry • News

Industry in China has been experiencing an upswing for decades. The People’s Republic is now the second largest economy in the world behind the USA.

Industry in China has been undergoing constant change for around forty years. Since the start of the reform and opening-up policy in 1978, the economy has been growing strongly. At the latest with this, the People’s Republic turned away from the socialist market economy and increasingly oriented itself to capitalist doctrines. The economy in China is now market-oriented and hardly based on a planned economy.

Nevertheless, the economy in the People’s Republic is guided by the five-year plans of the Chinese Communist Party. The 14th Five-Year Plan was adopted in 2021 and provides industry with a roadmap up to the year 2025. A central component of this plan is the concept of dual circulation. It stipulates that domestic industry, agriculture and the service sector are to be strengthened in order to be less dependent on imports and foreign trade.

Table.Media’s editorial team has all the news on industry in China.

All news and posts of our editorial team on the topic

The first passenger aircraft entirely developed in the People's Republic of China nears its completion. However, delays in test flights and a far higher price than planned have set back the Chinese hope. Nevertheless, the plane will become a serious global competitor for Airbus and Boeing. continue reading →

Opening up is not in sight, no vaccination campaign and no economic stimulus package: China's zero-Covid policy shows little regard for the economy. The new normal is testing, testing, testing. And the future is uncertain. International companies in the country are forced to accept the situation. But China begins to lose its appeal for new projects and global talent. continue reading →

Due to strict Covid entry restrictions, China’s aviation industry suffered heavy losses last year. The Chinese aviation regulator estimates the losses in 2021 at the equivalent of almost €12 billion (¥84 billion), according to a Bloomberg report. The losses were mainly attributable to international air traffic, which came to a near standstill. In contrast, domestic […] continue reading →

After two months of speculation, evidence is mounting that China Eastern Airlines flight MU5735 was intentionally crashed. The crash was the result of deliberate action by the pilot, the Wall Street Journal reported on Tuesday, citing US crash investigators. The US National Transportation Safety Board (NTSB) is currently working with China’s Civil Aviation Administration (CAAC) […] continue reading →

Kuka is a prime example of the fear of German technology being sold off to China. In 2016, the Augsburg-based robot manufacturer was acquired by Chinese household appliance manufacturer Midea. At the annual general meeting this Tuesday, the company is to be finally sinicized. The Chinese bosses also intend to buy out the last remaining small German shareholders and then take Kuka off the stock market. They hope this will inject more peace into the company's management. So far, the company's performance has fallen short of expectations. continue reading →

No developing country in the world has received as much support from Germany in the form of expertise, technology transfer and all kinds of aid as the People's Republic has since the beginning of its reforms. Were we too naive in the face of a potential systemic rival? continue reading →

China's zero-Covid policy brings tough restrictions for companies. But they also benefit from measures that would be unimaginable in the West: Workers are isolated from the outside world. They stay overnight and live in or directly at the factories so that they do not catch Covid-19 during their commute or at home. First protests are mounting against this practice. continue reading →

Daniel Roetting has been living and working in Beijing for ten years. When he moved to the Chinese capital in 2012, he started there as CEO and partner of the trading company Plix Trading Co., Ltd. Two years earlier, he was already the European representative of this company. His main task in Beijing is to […] continue reading →

After a slump in profits at the beginning of the year, the world’s second-largest sporting goods group Adidas has scaled back its forecasts for 2022. The reason for the dwindling optimism is the flagging business in the former growth market China, which suffers from boycott calls against Western brands and the recent Covid lockdowns in […] continue reading →