Global Scans · China · Weekly Summary

WHAT'S NEXT?: Any disruption in economic activity between China and the United States will necessarily affect other Asian and world economies. How China handles Donald Trump's administration, its relationship with Russia and develops its leadership ambitions will be key areas to watch intently in the coming years.

• [New] In some countries, such as China, nuclear power is expected to continue to grow and be an important part of their energy mix. Statista
• [New] In 2023, China set a goal to produce up to 200,000 tonnes of green hydrogen per year and to run 50,000 hydrogen-fueled vehicles by 2025. Clifford Chance
• [New] The most substantial losses are in China, as both foreign and domestic investors will take a more cautious approach to capital spending in China. S&P Global
• [New] The Made in China 2025 plan set a goal that by 2020, 40% of chips used in China would be domestically produced. Merics
• [New] The risk the government of China poses to U.S. national and economic security are upon us now - and that U.S. critical infrastructure is a prime target. SC Media
• [New] With the increase in life expectancy and decrease in fertility rate, the population of older people in China is expected to grow faster than in most other countries. BioMed Central
• [New] Texas-based defence technology start-up Allen Control Systems (ACS) has announced a new Bullfrog robotic gun to counter the threat of Chinese drone manufacturing dominance. Defence Connect
• [New] While Mexico's manufacturing sector is increasing exports to the US, Chinese companies might be using Mexico as a route to avoid US tariffs on Chinese goods. ABC17NEWS
• [New] The US drive to disengage from the Chinese economy might be enabling China to access new markets and avoid US tariffs. ABC17NEWS
• [New] Greek City Times reports India's economic growth, surpassing Germany and Japan, could make it the third-largest country by 2030, surpassing the United States and China. https://defence.newsd.in
• [New] Both China and Russia will settle payments in the Chinese Yuan and the Russian Ruble, and not the US dollar. Organiser
• [New] Advancing Chinese modernization through high-quality development, China will provide more opportunities for countries around the world. Bastillepost
• [New] Central Asian states are becoming increasingly hesitant towards Russia as a result of its actions in Ukraine, while China is seizing economic opportunities. Eurasia Review
• [New] China has strategically taken advantage of economic opportunities and invested in infrastructure development projects, establishing itself as a significant player in Central Asia's economic landscape. Eurasia Review
• [New] For the U.S., the benefits from holding a good-faith discussion would provide the opportunity to gain insight into China's otherwise opaque nuclear decision-making. The Diplomat
• [New] China, the US, India, Japan and Germany are projected to collectively account for over two-thirds of global connected car sales by 2030. MorungExpress
• [New] A group of Chinese semiconductor firms including Huawei are reportedly looking to get domestic production of high bandwidth memory up and running by 2026. The Register
• [New] The European Union could be threatened by rivalry from the US, Russia and China if it does not achieve strategic autonomy. DW.COM
• [New] Governments will seek to find the right balance between supporting local producers at the same time as ensuring consumers can benefit from the low prices offered by Chinese manufacturers, which would accelerate road electrification. IEA
• [New] In China, committed battery manufacturing capacity is well above what is needed to supply domestic electric car sales in 2030. IEA
• [New] Electric car sales in 2030 in the STEPS in China, Europe and the United States together reach a sales share of over 60%, close to the global electric car sales share in the NZE Scenario. IEA
• [New] Electric cars are expected to hit 45% of all car sales in China, growing strongly in Europe with 25% and in the US with 11%. DW.COM

Last updated: 03 May 2024