Chinese diplomats recently met with their European counterparts in Brussels and Beijing as part of a campaign to reportedly persuade officials to drop the Russian-based blacklist.

Shipments of plug-in passenger vehicles surged to around 27 million units in 2023 as sales jumped in China and the U.S., offsetting slower growth in Europe.

About 88% of U.S.-based small and medium-sized businesses (SMBs) will reorganize their supply chains to leverage suppliers in the U.S. or Mexico in 2023.

Forty-six percent of those interviewed said they viewed China as an “ally or necessary partner” compared to just 35% who saw Beijing as a “rival or adversary.”

Some of the issues covered in the proposed policy plan include supply chain resiliency, sustainability initiatives, labor market reforms and improved childcare support.

The Global Supply Chain Pressure Index fell to -1.71 in May 2023, marking the lowest level on record based on data going back to 1997.

Due to a drop-off in consumer demands over the last 12 months, 36.1% of small- and medium-sized businesses are now faced with excess inventories.

One of the bids comes from BYD Co. while another was made by several smaller Chinese car companies, according to people familiar with the situation.

Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Limited are expected to jointly bid for the project worth an roughly $5.2 billion.

The region is still recovering from a historic energy crisis that was exacerbated by severe supply cuts from Russia in the wake of its war with Ukraine.