The new EU regulatory framework for batteries and battery waste aims to reduce the environmental impact of batteries, but also to reduce dependence on raw materials from other countries, particularly China.
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WeChat is inescapable in China. Not only for personal use, but also for business. Many international companies already use WeChat for official communication, running their own channel or mini-programs. However, when it comes to employee-level communication, concerns prevail, and for good reason. Many companies, including several Chinese state-owned enterprises, have already decided to ban WeChat. But the reality is that employees often simply circumvent a WeChat ban. Nevertheless, companies have a choice.
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Amid ChatGPT's soaring popularity, China's internet giants, startups, and state-supported research institutes are eagerly embracing the AI trend. With a surge in publications, R D investments, and widespread AI applications, China is bridging the AI development gap with the U.S. However, there are increasing regulatory constraints by the Chinese government, as well as export controls on AI chips by the US, which could potentially limit AI advancements in China.
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Amidst growing geopolitical tensions, ASEAN countries are trying to strategically balance their relations between the US and China. China mostly creates influence through economic and trade relations, while the US has strong security ties to some countries in the region. As US-China rivalry intensifies, the positioning of ASEAN countries as dynamic markets with emerging industry clusters is not only of political importance, but also crucial for regional business diversification strategies.
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Faced with geopolitical risks and economic uncertainties, Multinational corporations are increasingly interested in diversifying their operations outside China. While most companies seek new investments in Asia as “add-ons” to their China business, some start to relocate investments or supply chains to other parts of Asia to reduce risks or costs.
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In response to the domestic economic slowdown, China is intensifying its efforts to harness its digital economy and unlock the value of data resources. Encouraged by strong policy support, Chinese private and state-owned companies are exploring new business models centered on "big data." However, foreign companies have been relatively slow to embrace this trend in China, despite the absence of significant market entry barriers for them to engage in data trading.
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China’s auto sector is important globally, not only because of its huge domestic market, but increasingly due to its cross-border activities. With exponential growth in car export in the past few years, China has shifted from a net car importer to a net exporter, generating new challenges and concerns for the EU’s car industry and governments
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Global wind turbine markets are traditionally dominated by European players. Within China, however, they lost ground to Chinese players more than a decade ago. Now Chinese competitors are pushing into global markets as well.
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Numerous Chinese companies have been rapidly expanding their overseas business activities since 2020, creating a new competitive situation for European business in third markets. Their expansion is driven by multiple factors: slowing domestic market growth, increasing technological competitiveness, and policy support from the Chinese government.
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For the first time in more than a decade, the BRICS have welcomed new members: Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates will formally join on Jan. 1, 2024. This furthers China's efforts to counterbalance Western influence. The six countries are already leaning toward Beijing rather than Washington.
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