China's shared economy is reshaping industries and slashing costs, as seen with shared bicycles. Now, this model is entering manufacturing, helping small and medium-sized enterprises control costs, ensure quality, and embrace intelligent transformation.
Trade tensions are a major topic of discussion among deputies at the ongoing session of China’s top legislature. Some suggest that the experience gained from managing economic pressures has better equipped domestic enterprises to navigate new challenges.
From a little-known town in the 1980s to an industrial powerhouse churning out 800 million pieces of luggage each year, Baigou’s remarkable transformation has been driven by the ambitions of countless entrepreneurs.
Local authorities in China are ramping up efforts to help businesses expand globally, ensuring they remain competitive in an increasingly complex international market. From infrastructure to financial incentives, regions across the country are targeting measures to support companies navigating global challenges.
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