China

People, especially those living in urban areas, should consider reducing that exposure to protect themselves, he said.<\/p>\n<p>The study was published Monday in the American Heart Association journal Stroke.<\/p>\n<h2>Four out of five people live in light-polluted environments<\/h2><p>About 80 per cent of the world&#039;s population lives in light-polluted environments, the study&#039;s authors said.\u00a0<\/p>\n<p>Continuous exposure to artificial light at night can suppress production of melatonin, a hormone that promotes sleep. People with poor sleep, compared to good sleepers, are more likely to experience worse <a href=https://www.euronews.com/"https:////www.euronews.com//green//2023//08//04//coal-plant-closure-led-to-rapid-drop-in-heart-attacks-and-strokes-in-this-city-new-study-f/">cardiovascular health<\/strong><\/a> over time, the researchers said.<\/p>\n<p>The study involved 28,302 adults living in Ningbo, an industrial port city of more than 8.2 million people on China&#039;s east coast. Almost 60 per cent of the participants were women, and the average age was 62. Among those excluded from the study were people with extreme levels of exposure to outdoor light at night, people previously diagnosed with cerebrovascular disease and those who developed it within a year after enrolling.<\/p>\n<p>The analysis and follow-ups were conducted from 2015 to 2021. Exposure to residential outdoor nighttime light was assessed by satellite images that mapped light pollution. Cases of <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//03//21//how-does-your-immune-system-react-during-a-heatwave-this-study-offers-new-insights/">stroke were confirmed by hospital medical records and death certificates.<\/p>\n<p>Among the study participants, 1,278 people developed cerebrovascular disease, including 777 cases of ischemic stroke, the most common type of stroke, where a clot blocks blood flow to the brain.<\/p>\n<div\n data-stories-id=\"8318546,8208638\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//03//20//only-seven-countries-in-the-world-breathe-safe-air-three-of-them-are-in-europe/">Only seven countries in the world breathe safe air. Three of them are in Europe<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//01//31//climate-change-is-killing-millions-an-expert-explains-why-many-deaths-go-unnoticed/">Climate change kills millions: An expert explains why most deaths aren't attributed to the crisis<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<h2>Air pollution increases stroke risk<\/h2><p>The study also looked at levels of <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//03//13//europes-air-quality-has-improved-but-still-doesnt-meet-who-guidelines-study-says/">air pollution<\/strong><\/a> and found its possible effects to be independent from light exposure.<\/p>\n<p>People exposed to the highest levels of the type of air pollution associated with the combustion of gasoline, oil, <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//01//18//end-of-the-line-for-diesel-powered-lorries-and-buses/">diesel fuel<\/strong><\/a> or wood had a 41 per cent increased risk of developing cerebrovascular disease compared to participants with the lowest levels of exposure.<\/p>\n<p>People exposed to the highest levels of <a href=https://www.euronews.com/"https:////www.euronews.com//green//2023//04//24//air-pollution-is-killing-1200-children-and-teenagers-in-europe-each-year-eea-warns/">air pollution<\/strong><\/a> caused by dust or smoke had a 50 per cent increased risk of cerebrovascular disease compared to those exposed to the lowest levels.<\/p>\n<p>And those exposed to the highest levels of <a href=https://www.euronews.com/"https:////www.euronews.com//green//2023//11//30//dutch-farmers-could-be-paid-to-close-their-livestock-farms-under-new-scheme/">nitrogen oxide from motor vehicle and power plant emissions, had a 31 per cent higher risk of cerebrovascular disease compared to those with the lowest exposure.<\/p>\n<p>\"Despite significant advances in reducing traditional cardiovascular risk factors such as <a href=https://www.euronews.com/"https:////www.euronews.com//green//2022//05//31//big-tobacco-is-having-a-devastating-impact-on-the-environment-who-report-reveals/">smoking, obesity and Type 2 diabetes, it is important to consider environmental factors in our efforts to decrease the global burden of cardiovascular disease,\" Wang said.<\/p>\n<p>The population studied was from one city, so the findings may not apply to people in other communities, the authors said. Other limitations include a lack of data on <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//01//10//indoor-solar-power-these-cells-can-harvest-energy-from-any-light-source-for-battery-free-d/">indoor lighting<\/strong><\/a> products or shading measures such as blackout curtains. Also, satellite-based products rarely capture blue light sources, which may lead to an underestimated association between outdoor light at night and cerebrovascular disease.<\/p>\n<p>\"We need to develop more effective policies and prevention strategies to reduce the burden of disease from environmental factors such as light as well as air <a href=https://www.euronews.com/"https:////www.euronews.com//green//2023//11//14//tackling-air-pollution-means-changing-our-systems-says-expert/">pollution, particularly for people living in the most densely populated, polluted areas around the world,\" Wang said.<\/p>\n","hashtag":null,"createdAt":1711442521,"updatedAt":1711472985,"publishedAt":1711472458,"firstPublishedAt":1711465085,"lastPublishedAt":1711472512,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"AP Photo\/Michael Probst","altText":"The buildings of the banking district are seen after the sun set in Frankfurt, Germany, February 2020.","callToActionText":null,"width":1920,"caption":"The buildings of the banking district are seen after the sun set in Frankfurt, Germany, February 2020.","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/33\/02\/12\/{{w}}x{{h}}_cmsv2_3378963a-55ad-5b25-819d-2c5b9a1faaef-8330212.jpg","captionUrl":null,"height":1080}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"pollution","titleRaw":"Pollution","id":7930,"title":"Pollution","slug":"pollution"},{"urlSafeValue":"air-pollution","titleRaw":"Air pollution","id":12227,"title":"Air pollution","slug":"air-pollution"},{"urlSafeValue":"light-pollution","titleRaw":"light pollution","id":19158,"title":"light pollution","slug":"light-pollution"},{"urlSafeValue":"health","titleRaw":"Health","id":139,"title":"Health","slug":"health"},{"urlSafeValue":"heart-diseases","titleRaw":"heart diseases","id":19904,"title":"heart diseases","slug":"heart-diseases"},{"urlSafeValue":"disease","titleRaw":"Disease","id":8235,"title":"Disease","slug":"disease"}],"widgets":[{"count":1,"slug":"related"}],"related":[],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":"AP","additionalSources":"","additionalReporting":"American Heart Association News","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"green-living","urlSafeValue":"green-living","title":"Green Living","online":0,"url":"\/\/www.euronews.com\/green\/green-living\/green-living"},"vertical":"green","verticals":[{"urlSafeValue":"green","id":8,"title":"Green","slug":"green"}],"primaryVertical":{"id":8,"slug":"green","urlSafeValue":"green","title":"Green"},"themes":[{"urlSafeValue":"green-living","id":"green-living","title":"Living","url":"\/\/www.euronews.com\/green\/green-living"}],"primaryTheme":{"id":36,"urlSafeValue":"green-living","title":"Living"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":{"id":3950,"urlSafeValue":"hangzhou","title":"Hangzhou"},"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_facebook','pos_ukraine-russia','pos_ukrainecrisis','gs_health','gs_science','gs_health_misc','progressivemedia','gs_science_environ','gs_science_environment','neg_pmi','shadow9hu7_pos_pmi','neg_mobkoi_castrol','neg_saudiaramco','gs_healthylvng','neg_audi_list1','gt_mixed','neg_facebook','gs_health_specialities','gs_science_geography'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"GREEN_Nighttime light pollution may increase stroke risk","path":"\/green\/2024\/03\/26\/live-in-a-big-city-bright-lights-at-night-could-increase-your-risk-of-stroke","lastModified":1711472512},{"id":2506684,"cid":8327648,"versionId":4,"archive":0,"housenumber":"240325_BUSU_55129296","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"China chips away at US-made units in government computers","titleSeo":null,"titleListing1":"China chips away at use of Intel and AMD units in government computers","titleListing2":"China chips away at use of Intel and AMD units in government computers","leadin":"The step comes as Beijing adopts new rules to replace foreign technology with its own.","summary":"The step comes as Beijing adopts new rules to replace foreign technology with its own.","keySentence":"","url":"china-chips-away-at-use-of-intel-and-amd-units-in-government-computers","canonical":"https:\/\/www.euronews.com\/business\/2024\/03\/25\/china-chips-away-at-use-of-intel-and-amd-units-in-government-computers","masterCms":"v2","plainText":"China has begun phasing out US microprocessors from government computers and servers, according to a report in the Financial Times.\u00a0 \n\nThe move will include stopping using those from Intel and AMD, as well as Microsoft's Windows operating system, the report said. \n\nFrom this year onwards, government agencies above local level will have to follow new\u00a0procurement guidance with\u00a0criteria requiring \"safe and reliable\" processors and operating systems.\u00a0 \n\nInstructions were first relayed from China's industry ministry in late December, as it issued lists of the CPUs, operating systems and centralised database that are allowed, Reuters reported.\u00a0 \n\nAll of those were from Chinese companies, including Huawei, it revealed. \n\nThe Chinese State Council Information Office has not responded to Euronews Business' request for comment. \n\nThe move is the latest step in what is often called a technological trade war between the US and China. \u00a0Bejing is attempting to prioritise domestic technology, echoing the\u00a0Biden administration's 2022 CHIPS and Science Act\u00a0boosting domestic semiconductor output and reducing reliance on China. \n\nAccording to the FT, the \"state-led march away from foreign hardware will dent US companies in China, starting with the world's dominant PC processor makers, Intel and AMD,\" adding that the country provided 27% of Intel's and 15% of AMD's sales last year. \n\n","htmlText":"<p>China has begun phasing out US microprocessors from government computers and servers, according to a report in the Financial Times.\u00a0<\/p>\n<p>The move will include stopping using those from Intel and AMD, as well as Microsoft&#039;s Windows operating system, the report said.<\/p>\n<p>From this year onwards, government agencies above local level will have to follow new\u00a0procurement guidance with\u00a0criteria requiring \"safe and reliable\" processors and operating systems.\u00a0<\/p>\n<div\n data-stories-id=\"8317430,8308000\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//20//doing-business-in-china-is-growing-tougher-more-uncertain-european-business-group-says/">Doing business in China getting tougher, European business group says<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//15//chinas-semiconductor-production-challenges-could-be-a-boon-for-europe/">China's semiconductor production challenges could be boon for Europe<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Instructions were first relayed from China&#039;s industry ministry in late December, as it issued lists of the CPUs, operating systems and centralised database that are allowed, Reuters reported.\u00a0<\/p>\n<p>All of those were from Chinese companies, including Huawei, it revealed.<\/p>\n<p>The Chinese State Council Information Office has not responded to Euronews Business&#039; request for comment.<\/p>\n<p>The move is the latest step in what is often called a technological <a href=https://www.euronews.com/"https:////www.euronews.com//business//2023//11//16//biden-xi-meeting-these-are-the-biggest-takeaways/">trade war between the US and China.<\/a>\u00a0Bejing is attempting to prioritise domestic technology, echoing the\u00a0Biden administration&#039;s 2022 CHIPS and Science Act\u00a0boosting domestic semiconductor output and reducing reliance on China.<\/p>\n<p>According to the FT, the \"state-led march away from foreign hardware will dent US companies in China, starting with the world&#039;s dominant PC processor makers, Intel and AMD,\" adding that the country provided 27% of Intel&#039;s and 15% of AMD&#039;s sales last year.<\/p>\n","hashtag":null,"createdAt":1711358710,"updatedAt":1711376768,"publishedAt":1711368249,"firstPublishedAt":1711368257,"lastPublishedAt":1711376768,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Kiichiro Sato\/Copyright 2022 The AP. All rights reserved","altText":"he American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, Feb. 2, 2022, in Zhangjiakou, China. ","callToActionText":null,"width":1024,"caption":"he American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, Feb. 2, 2022, in Zhangjiakou, China. ","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/32\/76\/48\/{{w}}x{{h}}_cmsv2_7b7edf7c-6164-52f4-9c73-ef4cb218d041-8327648.jpg","captionUrl":null,"height":683}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"intel","titleRaw":"Intel","id":11155,"title":"Intel","slug":"intel"},{"urlSafeValue":"new-technologies","titleRaw":"New technologies","id":9505,"title":"New technologies","slug":"new-technologies"},{"urlSafeValue":"semiconductor","titleRaw":"Semiconductor","id":26042,"title":"Semiconductor","slug":"semiconductor"},{"urlSafeValue":"us-china-tensions","titleRaw":"US-China tensions","id":28590,"title":"US-China tensions","slug":"us-china-tensions"},{"urlSafeValue":"trade-war","titleRaw":"Trade war","id":15890,"title":"Trade war","slug":"trade-war"}],"widgets":[{"count":1,"slug":"related"}],"related":[{"id":2507656}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":"","additionalReporting":"Euronews","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"business","urlSafeValue":"business","title":"Business","online":0,"url":"\/\/www.euronews.com\/business\/business\/business"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"business","id":"business","title":"Business","url":"\/\/www.euronews.com\/business\/business"}],"primaryTheme":{"id":7,"urlSafeValue":"business","title":"Business"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_tech_computing','gs_tech','shadow9hu7_pos_ukrainecrisis','gs_tech_compute','gs_tech_compute_apps','bespoke_kaspersky','gs_business','gs_politics','gs_tech_compute_apps_os','gs_business_misc','neg_saudiaramco'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"BUSINESS - China blocks use of Intel and AMD chips in government computers","path":"\/business\/2024\/03\/25\/china-chips-away-at-use-of-intel-and-amd-units-in-government-computers","lastModified":1711376768},{"id":2503106,"cid":8316836,"versionId":1,"archive":0,"housenumber":"240319_DNSU_55088108","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"In Pictures: Huawei's R&D campus and Chinese 'European' villages","titleSeo":null,"titleListing1":"In Pictures: Huawei's R&D campus and Chinese 'European' villages","titleListing2":"In Pictures: Huawei's R&D campus and Chinese \"European\" villages","leadin":"Why does China have so many areas designed to look like European destinations? From Paris to Oxford or Bruges, several historic sites have been replicated in a celebration of European architectural culture.","summary":"Why does China have so many areas designed to look like European destinations? From Paris to Oxford or Bruges, several historic sites have been replicated in a celebration of European architectural culture.","keySentence":"","url":"in-pictures-huaweis-rd-campus-and-chinese-european-villages","canonical":"https:\/\/www.euronews.com\/culture\/2024\/03\/20\/in-pictures-huaweis-rd-campus-and-chinese-european-villages","masterCms":"v2","plainText":"In the far reaches of Dongguan, a city in south-eastern China known for its huge production factories of export goods, is a mini-city perfectly replicating historic sites from around Europe. \n\nThe area is called the Ox Horn Campus and is owned by Huawei, the Chinese tech company, and was completed in 2019 at a cost of $1.5 billion. It houses Huawei\u2019s main research and development offices, but it looks far from a typical R&D headquarters.\u00a0 \n\nTo get around Ox Horn Campus, you have to take a bright orange train. It's not open to the public, but anyone who has the chance to jump on one of these trains will see an interesting selection of sites.\u00a0 \n\nThe first is an incredible interpretation of Heidelberg Castle in Germany. Set among the Windermere section of forest and lakes, named after England's largest lake, it is a huge sprawling creation.\u00a0 \n\nThe real 13th century Heidelberg Castle has been in ruins since the 18th century. But Huawei workers can even go through a replica of the city's Old Bridge on their way to... research and develop, I guess.\u00a0 \n\nIt's not the only surprise. The eight km track of the train will take you past over 100 buildings. Including a replication of a European historic village.\u00a0 \n\nAnd there's a replica of the Berntor tower in Murten, a famous landmark in Switzerland and part of Ox Horn's section inspired by Fribourg. \n\nIt's not the only place in China that resembles Europe though. \n\nEurope in China \n\nOne of the first developments in China was\u00a0Tianducheng, a housing estate near Hangzhou in Zhejiang, province.\u00a0 \n\nTianducheng was built in 2007 to look like a replica of Paris. Although it was originally reported as ghost town, the population was reported as 30,000 people in 2017.\u00a0 \n\nThe area has been visited by countless travel influencers, but the best way to appreciate Tianducheng is via the music video for Jamie xx's song 'Gosh'.\u00a0 \n\nDirected by\u00a0Romain Gavras, it's a fantastic song and a great insight into the sparse Chinese take on Paris.\u00a0 \n\nThere's also a version of a traditional English village not far from Tianducheng. Thames Town is around 30 km from Shanghai is a well-used location for wedding photos.\u00a0 \n\nIt's also a ghost town. But it's not the only one. There are also projects to recreate the Austrian town of Hallstatt, the US mountain valley Jackson Hole and even a mini-Venice. \n\nSo, why do so many Chinese architects, or the people commissioning them, build such huge displays of affection for European heritage?\u00a0 \n\nIt's hardly as if China doesn't have its own storied heritage of distinctive architecture that contemporary designers have repurposed into modern structures. Examples such as the Pearl Tower and China Art Museum in Shanghai show how well traditional design features can fit into contemporary architecture.\u00a0 \n\nThere's no clear answer to explain these examples of Europhilia in modern Chinese architecture. Perhaps it comes down to colonial roots? Large areas of China, such as Qingdao, Shanghai and Hong Kong were once ruled by European empires.\u00a0 \n\nMaybe it's simply a desire for variety? There are a lot more generic contemporary apartment blocks than Euro-styled R&D developments.\u00a0 \n\nOr perhaps it's just the whim of a few designers that doesn't reflect the interest of actual Chinese people all that much? After all, many of these spots are barely inhabited by the public. \n\n","htmlText":"<p>In the far reaches of Dongguan, a city in south-eastern China known for its huge production factories of export goods, is a mini-city perfectly replicating historic sites from around Europe.<\/p>\n<p>The area is called the Ox Horn Campus and is owned by Huawei, the Chinese tech company, and was completed in 2019 at a cost of $1.5 billion. It houses Huawei\u2019s main research and development offices, but it looks far from a typical R&amp;D headquarters.\u00a0<\/p>\n<p>To get around Ox Horn Campus, you have to take a bright orange train. It&#039;s not open to the public, but anyone who has the chance to jump on one of these trains will see an interesting selection of sites.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.6666\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x701_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg/" alt=\"Staff members walk near a train in the Huawei&apos;s Ox Horn campus in Songshan Lake in Dongguan, China&apos;s Guangdong province\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x256_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x427_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x500_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x552_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x720_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x800_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1280_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Staff members walk near a train in the Huawei&apos;s Ox Horn campus in Songshan Lake in Dongguan, China&apos;s Guangdong province<\/span>\n <span class=\"widget__captionCredit\">Kin Cheung\/Copyright 2018 The AP. All rights reserved<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>The first is an incredible interpretation of Heidelberg Castle in Germany. Set among the Windermere section of forest and lakes, named after England&#039;s largest lake, it is a huge sprawling creation.\u00a0<\/p>\n<p>The real 13th century Heidelberg Castle has been in ruins since the 18th century. But Huawei workers can even go through a replica of the city&#039;s Old Bridge on their way to... research and develop, I guess.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.6666666666666666\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x701_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg/" alt=\"A man takes a photo of a train in the Huawei&apos;s Ox Horn campus in Songshan Lake\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x256_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x427_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x500_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x552_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x720_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x800_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1280_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">A man takes a photo of a train in the Huawei&apos;s Ox Horn campus in Songshan Lake<\/span>\n <span class=\"widget__captionCredit\">Kin Cheung\/Copyright 2018 The AP. All rights reserved<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>It&#039;s not the only surprise. The eight km track of the train will take you past over 100 buildings. Including a replication of a European historic village.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.6666666666666666\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x701_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg/" alt=\"A man walks in the Huawei&apos;s Ox Horn campus\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x256_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x427_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x500_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x552_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x720_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x800_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1280_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">A man walks in the Huawei&apos;s Ox Horn campus<\/span>\n <span class=\"widget__captionCredit\">AP Photo<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.6666666666666666\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x701_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg/" alt=\"Staff members ride on a train in the Huawei&apos;s Ox Horn campus\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x256_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x427_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x500_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x552_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x720_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x800_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1280_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Staff members ride on a train in the Huawei&apos;s Ox Horn campus<\/span>\n <span class=\"widget__captionCredit\">Kin Cheung\/Copyright 2018 The AP. All rights reserved<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>And there&#039;s a replica of the Berntor tower in Murten, a famous landmark in Switzerland and part of Ox Horn&#039;s section inspired by Fribourg.<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.6666666666666666\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x701_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg/" alt=\"People walk in the Huawei&apos;s Ox Horn campus\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x256_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x427_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x500_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x552_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x720_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x800_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1280_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">People walk in the Huawei&apos;s Ox Horn campus<\/span>\n <span class=\"widget__captionCredit\">Kin Cheung\/Copyright 2018 The AP. All rights reserved<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>It&#039;s not the only place in China that resembles Europe though.<\/p>\n<h2>Europe in China<\/h2><p>One of the first developments in China was\u00a0Tianducheng, a housing estate near Hangzhou in Zhejiang, province.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.5625\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x591_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg/" alt=\"Tianducheng in China\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x216_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x360_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x422_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x466_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x608_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x675_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1080_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Tianducheng in China<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Tianducheng was built in 2007 to look like a replica of Paris. Although it was originally reported as ghost town, the population was reported as 30,000 people in 2017.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.5625\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x591_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg/" alt=\"The Eiffel Tower in Tianducheng\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x216_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x360_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x422_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x466_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x608_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x675_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1080_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">The Eiffel Tower in Tianducheng<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>The area has been visited by countless travel influencers, but the best way to appreciate Tianducheng is via the music video for Jamie xx&#039;s song &#039;Gosh&#039;.\u00a0<\/p>\n<div class=\"widget widget--type-freeform\nwidget--size-fullwidth\nwidget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <iframe width=\"560\" height=\"315\" src=https://www.euronews.com/"https:////www.youtube.com//embed//hTGJfRPLe08?si=Z1zMASXfXM_KtGAw\%22 title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe> \n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Directed by\u00a0Romain Gavras, it&#039;s a fantastic song and a great insight into the sparse Chinese take on Paris.\u00a0<\/p>\n<p>There&#039;s also a version of a traditional English village not far from Tianducheng. Thames Town is around 30 km from Shanghai is a well-used location for wedding photos.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.5625\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x591_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg/" alt=\"Thames Town in China\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x216_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x360_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x422_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x466_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x608_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x675_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1080_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Thames Town in China<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.5625\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x591_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg/" alt=\"Classical English housing in Thames Town\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x216_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x360_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x422_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x466_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x608_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x675_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1080_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Classical English housing in Thames Town<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>It&#039;s also a ghost town. But it&#039;s not the only one. There are also projects to recreate the Austrian town of Hallstatt, the US mountain valley Jackson Hole and even a mini-Venice.<\/p>\n<p>So, why do so many Chinese architects, or the people commissioning them, build such huge displays of affection for European heritage?\u00a0<\/p>\n<p>It&#039;s hardly as if China doesn&#039;t have its own storied heritage of distinctive architecture that contemporary designers have repurposed into modern structures. Examples such as the Pearl Tower and China Art Museum in Shanghai show how well traditional design features can fit into contemporary architecture.\u00a0<\/p>\n<div class=\"widget widget--type-image widget--size-fullscreen widget--animation-ease-in-up widget--align-center\" data-ratio=\"0.5625\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//68//36//1052x591_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg/" alt=\"The Pearl Tower on the Shanghai Bund\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/384x216_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/640x360_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/750x422_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/828x466_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1080x608_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1200x675_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/1920x1080_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg 1920w\" sizes=\"100vw\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">The Pearl Tower on the Shanghai Bund<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>There&#039;s no clear answer to explain these examples of Europhilia in modern Chinese architecture. Perhaps it comes down to colonial roots? Large areas of China, such as Qingdao, Shanghai and Hong Kong were once ruled by European empires.\u00a0<\/p>\n<p>Maybe it&#039;s simply a desire for variety? There are a lot more generic contemporary apartment blocks than Euro-styled R&amp;D developments.\u00a0<\/p>\n<p>Or perhaps it&#039;s just the whim of a few designers that doesn&#039;t reflect the interest of actual Chinese people all that much? After all, many of these spots are barely inhabited by the public.<\/p>\n","hashtag":null,"createdAt":1710861571,"updatedAt":1710938582,"publishedAt":1710938575,"firstPublishedAt":1710938582,"lastPublishedAt":1710938582,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"AP Photo","altText":"Inside the Ox Horn Campus","callToActionText":null,"width":1920,"caption":"Inside the Ox Horn Campus","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_3ccdda89-aa56-54a5-af71-acd36cec68f8-8316836.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"The Pearl Tower on the Shanghai Bund","callToActionText":null,"width":1920,"caption":"The Pearl Tower on the Shanghai Bund","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_6c952203-0e0a-5552-b9eb-123177379547-8316836.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"Classical English housing in Thames Town","callToActionText":null,"width":1920,"caption":"Classical English housing in Thames Town","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_fd6f90f5-7680-51ae-b0c5-51fcce3f320b-8316836.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"Thames Town in China","callToActionText":null,"width":1920,"caption":"Thames Town in China","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_b3109048-d07b-59c9-ab14-ecb223c48d29-8316836.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"The Eiffel Tower in Tianducheng","callToActionText":null,"width":1920,"caption":"The Eiffel Tower in Tianducheng","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_93740d16-a834-5a96-8c9f-73b13871025f-8316836.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"Tianducheng in China","callToActionText":null,"width":1920,"caption":"Tianducheng in China","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_5d2e07ce-27a2-57c5-ad18-7b99a7ca8b1a-8316836.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Kin Cheung\/Copyright 2018 The AP. All rights reserved","altText":"People walk in the Huawei's Ox Horn campus","callToActionText":null,"width":5760,"caption":"People walk in the Huawei's Ox Horn campus","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_b77d3669-de80-5692-8a48-d66ca43f8a1c-8316836.jpg","captionUrl":null,"height":3840},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Kin Cheung\/Copyright 2018 The AP. All rights reserved","altText":"Staff members ride on a train in the Huawei's Ox Horn campus ","callToActionText":null,"width":5760,"caption":"Staff members ride on a train in the Huawei's Ox Horn campus ","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_a161a1c0-bc8b-5152-ac9e-f8fbc743cade-8316836.jpg","captionUrl":null,"height":3840},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"AP Photo","altText":"A man walks in the Huawei's Ox Horn campus","callToActionText":null,"width":5760,"caption":"A man walks in the Huawei's Ox Horn campus","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_e08ca174-68b1-51f1-9e64-6af04c263615-8316836.jpg","captionUrl":null,"height":3840},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Kin Cheung\/Copyright 2018 The AP. All rights reserved","altText":"A man takes a photo of a train in the Huawei's Ox Horn campus in Songshan Lake","callToActionText":null,"width":5484,"caption":"A man takes a photo of a train in the Huawei's Ox Horn campus in Songshan Lake","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_78b734d2-34b5-545b-9ab2-f8236e7ac5d4-8316836.jpg","captionUrl":null,"height":3656},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Kin Cheung\/Copyright 2018 The AP. All rights reserved","altText":"Staff members walk near a train in the Huawei's Ox Horn campus in Songshan Lake in Dongguan, China's Guangdong province","callToActionText":null,"width":5000,"caption":"Staff members walk near a train in the Huawei's Ox Horn campus in Songshan Lake in Dongguan, China's Guangdong province","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/68\/36\/{{w}}x{{h}}_cmsv2_9b915896-57b0-586b-a942-f570ca2ca26c-8316836.jpg","captionUrl":null,"height":3333}],"authors":{"journalists":[{"urlSafeValue":"walfisz","twitter":"@JonathanWalfisz","title":"Jonny Walfisz"}],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"china","titleRaw":"China","id":311,"title":"China","slug":"china"},{"urlSafeValue":"europe","titleRaw":"Europe","id":9239,"title":"Europe","slug":"europe"},{"urlSafeValue":"design","titleRaw":"Design","id":4158,"title":"Design","slug":"design"},{"urlSafeValue":"architecture","titleRaw":"Architecture","id":4144,"title":"Architecture","slug":"architecture"},{"urlSafeValue":"huawei","titleRaw":"Huawei","id":16534,"title":"Huawei","slug":"huawei"},{"urlSafeValue":"immersive-tpl","titleRaw":"immersive-tpl","id":14795,"title":"immersive-tpl","slug":"immersive-tpl"}],"widgets":[{"count":10,"slug":"image"},{"count":1,"slug":"html"}],"related":[{"id":2462240},{"id":2498782},{"id":2384870}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":null,"additionalReporting":null,"freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"design","urlSafeValue":"design","title":"Design","online":0,"url":"\/\/www.euronews.com\/culture\/design\/design"},"vertical":"culture","verticals":[{"urlSafeValue":"culture","id":10,"title":"Culture","slug":"culture"}],"primaryVertical":{"id":10,"slug":"culture","urlSafeValue":"culture","title":"Culture"},"themes":[{"urlSafeValue":"design","id":"design","title":"Design","url":"\/\/www.euronews.com\/culture\/design"}],"primaryTheme":{"id":64,"urlSafeValue":"design","title":"Design"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_busfin','gt_positive','gs_science','gs_tech','gs_science_geography','shadow9hu7_pos_ukrainecrisis','gs_tech_compute','gs_home_property','gs_busfin_indus','gs_hobby_artscrafts','gt_positive_curiosity','neg_tiktok_q1_2024_eng','client_easports_sporting_gaming'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"Culture - In Pictures: Huawei's R&D campus and Chinese \"European\" villages","path":"\/culture\/2024\/03\/20\/in-pictures-huaweis-rd-campus-and-chinese-european-villages","lastModified":1710938582},{"id":2503304,"cid":8317430,"versionId":2,"archive":0,"housenumber":"240320_BUSU_55091608","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Doing business in China getting tougher, European business group says","titleSeo":null,"titleListing1":"Doing business in China getting tougher, European business group says","titleListing2":"Doing business in China is getting tougher and more uncertain, a European business group says","leadin":"The study echoes concerns that have been raised by European and US companies operating in China. Foreign investment fell 8% last year from a year earlier as companies recalibrated their commitments in the world\u2019s second-largest economy.","summary":"The study echoes concerns that have been raised by European and US companies operating in China. Foreign investment fell 8% last year from a year earlier as companies recalibrated their commitments in the world\u2019s second-largest economy.","keySentence":"","url":"doing-business-in-china-is-growing-tougher-more-uncertain-european-business-group-says","canonical":"https:\/\/www.euronews.com\/business\/2024\/03\/20\/doing-business-in-china-is-growing-tougher-more-uncertain-european-business-group-says","masterCms":"v2","plainText":"Uncertainty and \u201cdraconian regulations\u201d have drastically raised risks for foreign businesses in China, according to a report by a European business group. \n\nThe lengthy paper published by the European Union Chamber of Commerce in China on Wednesday urges China\u2019s leaders to do more to address concerns that it says have \u201cgrown exponentially\u201d in recent years. \n\n\u201cThis report comes at a time when the global business environment is becoming increasingly politicized, and companies are having to make some very tough decisions about how, or in some cases if, they can continue to engage with the Chinese market,\u201d it says. \n\nThe study, compiled by the chamber and the China Macro Group consultancy, echoes concerns that have been raised by European and US companies operating in China. Foreign investment fell 8% last year from a year earlier as companies recalibrated their commitments in the world\u2019s second-largest economy. \n\nEU Chamber officials said China\u2019s changing business environment partly reflects moves by Beijing to minimise risks due to trade friction and dependence on imports of key commodities or industrial products. That's especially the case given trade friction with Washington and discussions about \u201cdecoupling\u201d supply chains from China after the disruptions that occurred during the COVID-19 pandemic. \n\nBut they said European companies also must manage their own risks. \n\nChina has sought to emphasise its openness to foreign companies and investment. Its commerce ministry spokesperson said the country was working to ensure 100% access to manufacturing by eliminating remaining trade barriers. \n\nOn Tuesday, the State Council, China's Cabinet, issued an updated version of an action plan announced in July to promote more foreign investment, especially in high-tech areas favoured for growth such as computer chips, biopharmaceuticals and advanced equipment.\u00a0 \n\nIt promised tariff exemptions and called for stopping practices that discriminate against foreign companies. \n\nBut other actions have run counter to that spirit of openness. Raids on foreign businesses in China, unclear state secrets laws and tightening rules on the handling of data have generated unease among many foreign business people in the country. \n\n\u201cThe number and severity of risks companies find themselves having to navigate has grown exponentially in recent years,\u201d Jens Eskelund, president of the European Chamber in China, told reporters in a briefing before the report\u2019s release. \n\nAt the same time, Beijing has not addressed many of the issues raised by foreign businesses, among them access to government procurement contracts, which are vital given the huge role of state-owned companies in the economy. \n\nIt's particularly difficult for medical equipment companies and research and development. Meanwhile, pharmaceutical companies are \u201cquite alarmed by data security regulations that make clinical trials impossible,\" said Markus Herrmann Chen, co-founder and managing director of the China Macro Group. \n\n\u201cWe are still the odd guys out, and this needs to change,\u201d Herrmann Chen said. \n\nPart of the challenge results from China's increased focus on national security in terms of reliance on technologies vital to its own industries. In part, such strategies are driven by US moves to cut off business with Huawei Technologies and to prevent sales of leading-edge computer chips and the equipment needed to make them. \n\nAmerican companies have expressed similar concerns. Sean Stein, the chair of the American Chamber of Commerce in China, said recently that China has made progress in addressing some issues but not others. \n\n\u201cThe business community would like both sides to be much more clear about the definitions of national security and how it\u2019s determined,\u201d he said in an interview before an annual chamber banquet with Chinese officials. \u201cBecause what we need is ... predictability, and we need certainty.\u201d \n\nOne sore point for European business: a Chinese announcement of plans for anti-dumping investigations into three French brandy producers: E Remy Martin & Co, Martell & Co and Societe Jas Hennessy & Co. \n\n\u201cIt's hard to see how \u20ac300 bottles of XO can be accused of dumping,\u201d Eskelund said. \n\nFor its part, China is unhappy with an ongoing European Union investigation into subsidies for electric vehicles in China and whether they have given Chinese makers an unfair advantage in European markets. \n\nMeanwhile, concerning cybersecurity, Eskelund said \u201cwe've seen some very draconian new regulations being published in China.\u201d \n\nHe said Europe's approach to trade and investment issues was \u201ctargeted, very limited and very focused on eliminating \u2018critical dependencies,\u2019\u201d not at competing with China. But companies still must hedge against risks or potentially be blindsided by policy shifts. \n\nAt the same time, companies also face risks in cutting back and must bring their \u201cbest game\u201d to China, while others feel too exposed, especially after the shocks of the pandemic, when entire cities were ordered into lockdown and factories suspended production at times. \n\nChina's market has become \u201cless predictable, reliable and efficient,\u201d the report says, partly because the business environment is more politicised. \n\nEskelund called on China to restore predictability to the regulatory environment. \n\n\u201cPredictability was one of the main things that made China so enormously attractive,\u201d he said. \u201cWe might not like everything we saw but we knew what we got.\u201d \n\nHe said the purpose of the report is to try to bring the debate over de-risking and national security down to the level of specific industries and commodities so that the various sides are not just hurling big abstract concepts at each other. \n\n\u201cWe want to find common ground,\u201d he said. \u201cWe want to work with China on these issues. We want to work with Europe on these issues.\u201d \n\n","htmlText":"<p>Uncertainty and \u201cdraconian regulations\u201d have drastically raised risks for foreign businesses in China, according to a report by a European business group.<\/p>\n<p>The lengthy paper published by the European Union Chamber of Commerce in China on Wednesday urges China\u2019s leaders to do more to address concerns that it says have \u201cgrown exponentially\u201d in recent years.<\/p>\n<p>\u201cThis report comes at a time when the global business environment is becoming increasingly politicized, and companies are having to make some very tough decisions about how, or in some cases if, they can continue to engage with the Chinese market,\u201d it says.<\/p>\n<div\n data-stories-id=\"8308000,8285348,8266744\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//02//27//what-are-shadow-banks-and-why-are-they-failing-in-china/">What are shadow banks and why are they failing in China?<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//05//china-sets-economic-growth-target-of-around-5-but-says-it-wont-be-easy/">China sets economic growth target of around 5% but says it won't be easy<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//15//chinas-semiconductor-production-challenges-could-be-a-boon-for-europe/">China's semiconductor production challenges could be boon for Europe<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>The study, compiled by the chamber and the China Macro Group consultancy, echoes concerns that have been raised by European and US companies operating in China. Foreign investment fell 8% last year from a year earlier as companies recalibrated their commitments in the world\u2019s second-largest economy.<\/p>\n<p>EU Chamber officials said China\u2019s changing business environment partly reflects moves by Beijing to minimise risks due to trade friction and dependence on imports of key commodities or industrial products. That&#039;s especially the case given trade friction with Washington and discussions about \u201cdecoupling\u201d supply chains from China after the disruptions that occurred during the COVID-19 pandemic.<\/p>\n<p>But they said European companies also must manage their own risks.<\/p>\n<p>China has sought to emphasise its openness to foreign companies and investment. Its commerce ministry spokesperson said the country was working to ensure 100% access to manufacturing by eliminating remaining trade barriers.<\/p>\n<p>On Tuesday, the State Council, China&#039;s Cabinet, issued an updated version of an action plan announced in July to promote more foreign investment, especially in high-tech areas favoured for growth such as computer chips, biopharmaceuticals and advanced equipment.\u00a0<\/p>\n<p>It promised tariff exemptions and called for stopping practices that discriminate against foreign companies.<\/p>\n<p>But other actions have run counter to that spirit of openness. Raids on foreign businesses in China, unclear state secrets laws and tightening rules on the handling of data have generated unease among many foreign business people in the country.<\/p>\n<p>\u201cThe number and severity of risks companies find themselves having to navigate has grown exponentially in recent years,\u201d Jens Eskelund, president of the European Chamber in China, told reporters in a briefing before the report\u2019s release.<\/p>\n<p>At the same time, Beijing has not addressed many of the issues raised by foreign businesses, among them access to government procurement contracts, which are vital given the huge role of state-owned companies in the economy.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6666\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//31//74//30//808x539_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg/" alt=\"President of the European Union Chamber of Commerce in China Jens Eskelund speaks during a press conference for European Chamber in Beijing, China, Wednesday, March 20, 2024.\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/384x256_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/640x427_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/750x500_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/828x552_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/1080x720_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/1200x800_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/1920x1280_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">President of the European Union Chamber of Commerce in China Jens Eskelund speaks during a press conference for European Chamber in Beijing, China, Wednesday, March 20, 2024.<\/span>\n <span class=\"widget__captionCredit\">Tatan Syuflana\/Copyright 2024 The AP. All rights reserved.<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>It&#039;s particularly difficult for medical equipment companies and research and development. Meanwhile, pharmaceutical companies are \u201cquite alarmed by data security regulations that make clinical trials impossible,\" said Markus Herrmann Chen, co-founder and managing director of the China Macro Group.<\/p>\n<p>\u201cWe are still the odd guys out, and this needs to change,\u201d Herrmann Chen said.<\/p>\n<p>Part of the challenge results from China&#039;s increased focus on national security in terms of reliance on technologies vital to its own industries. In part, such strategies are driven by US moves to cut off business with Huawei Technologies and to prevent sales of leading-edge computer chips and the equipment needed to make them.<\/p>\n<p>American companies have expressed similar concerns. Sean Stein, the chair of the American Chamber of Commerce in China, said recently that China has made progress in addressing some issues but not others.<\/p>\n<p>\u201cThe business community would like both sides to be much more clear about the definitions of national security and how it\u2019s determined,\u201d he said in an interview before an annual chamber banquet with Chinese officials. \u201cBecause what we need is ... predictability, and we need certainty.\u201d<\/p>\n<p>One sore point for European business: a Chinese announcement of plans for anti-dumping investigations into three French brandy producers: E Remy Martin &amp; Co, Martell &amp; Co and Societe Jas Hennessy &amp; Co.<\/p>\n<p>\u201cIt&#039;s hard to see how \u20ac300 bottles of XO can be accused of dumping,\u201d Eskelund said.<\/p>\n<p>For its part, China is unhappy with an ongoing European Union investigation into subsidies for electric vehicles in China and whether they have given Chinese makers an unfair advantage in European markets.<\/p>\n<div\n data-stories-id=\"7989370,7956972,7890300\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//my-europe//2023//09//13//ursula-von-der-leyen-to-deliver-state-of-the-european-union-speech/">EU will launch anti-subsidy inquiry into China-made electric cars, von der Leyen says<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//my-europe//2023//10//24//eu-may-probe-foreign-subsidies-to-support-its-wind-energy-sector/">EU may probe foreign subsidies to support its wind energy sector<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2023//10//10//unfair-chinese-competition-eu-plans-anti-subsidy-steel-probe/">Unfair Chinese competition: EU plans anti-subsidy steel probe <\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Meanwhile, concerning cybersecurity, Eskelund said \u201cwe&#039;ve seen some very draconian new regulations being published in China.\u201d<\/p>\n<p>He said Europe&#039;s approach to trade and investment issues was \u201ctargeted, very limited and very focused on eliminating \u2018critical dependencies,\u2019\u201d not at competing with China. But companies still must hedge against risks or potentially be blindsided by policy shifts.<\/p>\n<p>At the same time, companies also face risks in cutting back and must bring their \u201cbest game\u201d to China, while others feel too exposed, especially after the shocks of the pandemic, when entire cities were ordered into lockdown and factories suspended production at times.<\/p>\n<p>China&#039;s market has become \u201cless predictable, reliable and efficient,\u201d the report says, partly because the business environment is more politicised.<\/p>\n<p>Eskelund called on China to restore predictability to the regulatory environment.<\/p>\n<p>\u201cPredictability was one of the main things that made China so enormously attractive,\u201d he said. \u201cWe might not like everything we saw but we knew what we got.\u201d<\/p>\n<p>He said the purpose of the report is to try to bring the debate over de-risking and national security down to the level of specific industries and commodities so that the various sides are not just hurling big abstract concepts at each other.<\/p>\n<p>\u201cWe want to find common ground,\u201d he said. \u201cWe want to work with China on these issues. We want to work with Europe on these issues.\u201d<\/p>\n","hashtag":null,"createdAt":1710922009,"updatedAt":1710941373,"publishedAt":1710922856,"firstPublishedAt":1710922858,"lastPublishedAt":1710941373,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"Doing business in China is growing tougher, more uncertain, European business group says","callToActionText":null,"width":1920,"caption":"Doing business in China is growing tougher, more uncertain, European business group says","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/{{w}}x{{h}}_cmsv2_88c10247-fc32-5655-9557-16f4c6e4ca8e-8317430.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Tatan Syuflana\/Copyright 2024 The AP. All rights reserved.","altText":"President of the European Union Chamber of Commerce in China Jens Eskelund speaks during a press conference for European Chamber in Beijing, China, Wednesday, March 20, 2024.","callToActionText":null,"width":5000,"caption":"President of the European Union Chamber of Commerce in China Jens Eskelund speaks during a press conference for European Chamber in Beijing, China, Wednesday, March 20, 2024.","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/31\/74\/30\/{{w}}x{{h}}_cmsv2_e52fe7d9-73c5-52f5-8841-b70b4a43f5f6-8317430.jpg","captionUrl":null,"height":3333}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"european-union","titleRaw":"European Union","id":105,"title":"European Union","slug":"european-union"},{"urlSafeValue":"china","titleRaw":"China","id":311,"title":"China","slug":"china"},{"urlSafeValue":"eu-china","titleRaw":"EU-China","id":99,"title":"EU-China","slug":"eu-china"},{"urlSafeValue":"business","titleRaw":"Business","id":4595,"title":"Business","slug":"business"}],"widgets":[{"count":1,"slug":"image"},{"count":2,"slug":"related"}],"related":[{"id":2505140}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":"","additionalReporting":"AP","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"business","urlSafeValue":"business","title":"Business","online":0,"url":"\/\/www.euronews.com\/business\/business\/business"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"business","id":"business","title":"Business","url":"\/\/www.euronews.com\/business\/business"}],"primaryTheme":{"id":7,"urlSafeValue":"business","title":"Business"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_busfin','gs_business','gs_business_misc','shadow9hu7_pos_ukrainecrisis','gs_busfin_economy','gs_science','neg_tiktok_q1_2024_eng','gs_busfin_business','neg_facebook_q4','gt_negative','gs_science_geography','gs_politics_issues_policy','neg_audi_list2','bespoke_kaspersky','neg_mobkoi_feb2023'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"BUSINESS CHINA EU BUSINESS","path":"\/business\/2024\/03\/20\/doing-business-in-china-is-growing-tougher-more-uncertain-european-business-group-says","lastModified":1710941373},{"id":2498782,"cid":8303526,"versionId":2,"archive":0,"housenumber":"240313_TCSU_55040024","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"China is now visa-free for Europeans: Take a high-speed train to futuristic cities and fabulous food","titleSeo":null,"titleListing1":"Why China should be at the top of your 2024 bucket list","titleListing2":"China is now visa-free for Europeans: Take a high-speed train to futuristic cities and fabulous food","leadin":"Packed with culture, cuisines and futuristic cities, now is the time to visit China for an unforgettable holiday this year.","summary":"Packed with culture, cuisines and futuristic cities, now is the time to visit China for an unforgettable holiday this year.","keySentence":"","url":"china-is-now-visa-free-for-europeans-take-a-high-speed-train-to-futuristic-cities-and-fabu","canonical":"https:\/\/www.euronews.com\/travel\/2024\/03\/18\/china-is-now-visa-free-for-europeans-take-a-high-speed-train-to-futuristic-cities-and-fabu","masterCms":"v2","plainText":"As the fourth largest country in the world, China has a vast area of diverse landscapes. \n\nIt is bordered by 14 other nations and is surrounded by the Pacific Ocean to the east; here, you'll find towering mountain ranges, expansive plateaus, fertile plains, lush forests, and vast deserts. \n\nSome of China's record-breaking geographical landmarks include the Himalayas, the world's highest mountain range; the Yangtze River, the longest river in Asia; and the Gobi Desert, one of the world's most expansive deserts. \n\nAfter three years of closed borders due to COVID, China's domestic tourism industry has experienced a robust post-pandemic rebound. \n\nThe South China Morning Post reports that domestic tourists spent approximately 633 billion yuan (\u20ac80.55 billion) over the 2024 Lunar New Year holiday period. \n\nChina's travel restrictions were lifted early last year, but international travel has yet to return to pre-pandemic levels, something the country hopes to change. \n\nChina recently introduced visa-free entry for citizens of seven European countries and Malaysia. Four more European nations have been added to the list as the country tries to encourage more people to visit for business and tourism. \n\nGet off the beaten track in China \n\nMost first-time visitors make a beeline for Beijing, Shanghai, and Xi'an, but several other provinces should also be added to your China bucket list. \n\nThe province of Yunnan in Southwest China has always been a \"tourist paradise\", according to Fang Limin from the Yunnan Provincial Department of Culture and Tourism. \n\nYunnan Provincial Party Committee and Provincial Government attaches \"great importance to the development of culture and tourism industry\", Limin explains. \n\nThey are \"cultivating and building culture and tourism industry as one of the province's five trillion-dollar industries.\" \n\nIn recent years, Yunnan has improved its infrastructure and launched new cultural heritage tours, eco-tourism, and science tourism. \n\nWith a drive to increase tourism offerings in China, now is the time to visit this vast, culture-filled country to experience food, heritage, nature and high-speed trains. \n\nHere's why you should consider China as your 2024 holiday destination. \n\nThe dishes you have to try in China \n\nTake a flavour-filled culinary journey through China's diverse regional cuisines this year. In Beijing, try succulent Peking that combines duck tender slices of roast duck served with thin pancakes, spring onions, cucumber, and hoisin sauce. \n\nIn Sichuan, brace yourself for the fiery kick of dishes like mapo tofu and hotpot, while in Xi'an, indulge in the city's renowned hand-pulled noodles and flavourful lamb skewers. \n\nHead south to Guangzhou, the birthplace of Cantonese cuisine, and indulge in dim sum delicacies like steamed dumplings, barbecue pork buns, and crispy spring rolls. \n\nRemember also to explore the vibrant night markets of Shanghai , where you can feast on street food favourites like xiaolongbao (soup dumplings), scallion pancakes, and stinky tofu. \n\nThe unmissable cultural sites in China: From rural villages to the Forbidden City \n\nChina is a remarkable intersection of ancient cultures and languages with futuristic infrastructure that blends with impressive cultural sites. \n\nAt its core lies a deep reverence for family, community, and heritage, which permeates every aspect of daily life. \n\nOne of the defining features of Chinese culture is its rich artistic heritage, encompassing a wide range of disciplines, including calligraphy, painting, music, dance, and literature. \n\nThere are many places in China where you can experience a wealth of cultural heritage and the arts. \n\nExplore the ancient wonders of the Forbidden City in Beijing, once the exclusive domain of emperors and their court. Discover the intricate architecture, sprawling courtyards, and priceless treasures illuminating China's imperial past. \n\nVisit the spiritual Buddhist temples amidst Shaolin's misty mountains, where monks have practised martial arts for centuries. \n\nYou can also experience the vibrant festivals of rural villages, where dragon dances, lantern festivals, and traditional opera performances bring communities together in celebration. \n\nWhere to get your nature fix in China \n\nFor nature lovers, China is a paradise waiting to be discovered. From the snow-capped peaks of the Himalayas to the lush forests of the south, the country's diverse landscapes offer plenty of thrilling outdoor adventures. \n\nTake a journey along the storied Silk Road, where camel caravans once traversed ancient trade routes through the deserts of Xinjiang. \n\nExplore the otherworldly landscapes of Zhangjiajie National Forest Park, where towering sandstone pillars inspired the floating mountains of James Cameron's Avatar . \n\nTrek through the terraced rice fields of Longji, where centuries-old farming practices have sculpted the hillsides into a patchwork of emerald green. \n\nYou can explore crystal-clear lakes, cascading waterfalls, and vibrant forests in the Jiuzhaigou Valley. \n\nHigh-Speed Trains \n\nHigh-speed train travel in China has revolutionised how people move across the country's vast expanse, offering passengers convenient, efficient, and comfortable transport. \n\nThe development of China's high-speed rail network began in the early 21st century as part of its ambitious efforts to modernise its transportation infrastructure and promote economic growth. \n\nSince then, China has invested billions of dollars in constructing state-of-the-art railways, laying the foundation for a modern, interconnected society. \n\nChina's high-speed trains, known as CRH (China Railway High-speed) or Fuxing trains, are marvels of engineering and innovation. With top speeds reaching up to 350 kilometres per hour, these sleek and aerodynamic trains whisk passengers between major cities in a fraction of the time it would take by conventional rail or road. \n\nThe high-speed rail network connects China's major cities and regions, dramatically spanning vast distances and reducing travel times. From the metropolises of Beijing , Shanghai, and Guangzhou to the historic cities of Xi'an, Chengdu, and Hangzhou, passengers can traverse the country quickly and efficiently, exploring diverse landscapes, cultures, and attractions. \n\nShanghai: Step into the future in China\u2019s cities \n\nChina has undergone rapid economic development and urbanisation in recent decades, transforming it into a global powerhouse and one of the world's largest economies. \n\nCities like Beijing, Shanghai, and Shenzhen have become dynamic metropolises, hubs of innovation, commerce, and culture. \n\nAs China's largest city and global financial hub, Shanghai is worth visiting for its futuristic skyline, featuring towering skyscrapers and neon-lit streets packed with modern shops and traditional markets. \n\n\"One of the standout features of Shanghai is its accessibility to non-Mandarin speakers,\" says Mr Zhang Hao from the Shanghai Municipal Administration of Culture and Tourism. \" English indicators on road signs and metro stations make navigation relatively easy.\" \n\nCheck out famous landmarks that dominate the horizon such as the Oriental Pearl Tower and Shanghai Tower. \n\n\"These architectural marvels offer breathtaking views of the cityscape from their observation decks,\" says\u00a0Mr Zhang Hao. \n\nThese towering structures and the historic waterfront promenade known as The Bund form the backdrop for Shanghai's modern urban landscape, offering panoramic views of the cityscape and the Huangpu River. \n\nThe city is also home to museums, galleries, and performance venues, including the Shanghai Museum, Shanghai Grand Theatre, and M50 Creative Park, where you can learn more about contemporary Chinese art and culture. \n\nWhere to see wildlife in China \n\nTo spot incredible wildlife, head to the province of Yunnan, in China's south-western corner. \n\nIt's home to 250 species of mammals, along with indigenous fish and reptiles. Yunnan is also the most bird-rich of any Chinese province, with over 800 species recorded. \n\nThis forest-rich province is a haven of biodiversity. Here, you'll find the Southeast Asian gaur, a giant forest-dwelling bovine, Box Turtles, the Indochinese tiger, and Asian elephants. \n\nAccording to Limin, in addition to its wildlife , the province's lush landscapes and focus on eco-tourism have made it an \"increasingly popular destination for outdoor sports and the preferred destination for international competitions.\" \n\n","htmlText":"<p>As the fourth largest country in the world, China has a vast area of diverse landscapes.<\/p>\n<p>It is bordered by 14 other nations and is surrounded by the Pacific Ocean to the east; here, you&#039;ll find towering mountain ranges, expansive plateaus, fertile plains, lush forests, and vast deserts.<\/p>\n<p>Some of China&#039;s record-breaking geographical landmarks include the Himalayas, the world&#039;s highest mountain range; the Yangtze River, the longest river in Asia; and the Gobi Desert, one of the world&#039;s most expansive deserts.<\/p>\n<p>After three years of closed borders due to COVID, China&#039;s domestic tourism industry has experienced a robust post-pandemic rebound.<\/p>\n<p>The South China Morning Post reports that domestic tourists spent approximately 633 billion yuan (\u20ac80.55 billion) over the 2024 Lunar New Year holiday period.<\/p>\n<p>China&#039;s travel restrictions were lifted early last year, but international travel has yet to return to pre-pandemic levels, something the country hopes to change.<\/p>\n<p>China recently introduced <a href=https://www.euronews.com/"https:////www.euronews.com//travel//2024//03//08//china-aims-to-boost-tourism-by-giving-visa-free-entry-to-these-five-european-countries/">visa-free entry<\/strong><\/a> for citizens of seven European countries and Malaysia. Four more European nations have been added to the list as the country tries to encourage more people to visit for business and tourism.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6669921875\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//30//35//26//808x539_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg/" alt=\"After three years of closed borders due to COVID, China&apos;s domestic tourism industry has experienced a robust post-pandemic rebound.\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/384x256_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/640x427_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/750x500_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/828x552_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1080x720_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1200x800_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1920x1281_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">After three years of closed borders due to COVID, China&apos;s domestic tourism industry has experienced a robust post-pandemic rebound.<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<h2>Get off the beaten track in China<\/h2><p>Most first-time visitors make a beeline for Beijing, Shanghai, and Xi&#039;an, but several other provinces should also be added to your China bucket list.<\/p>\n<p>The province of Yunnan in Southwest China has always been a \"tourist paradise\", according to Fang Limin from the Yunnan Provincial Department of Culture and Tourism.<\/p>\n<p>Yunnan Provincial Party Committee and Provincial Government attaches \"great importance to the development of culture and tourism industry\", Limin explains.<\/p>\n<p>They are \"cultivating and building culture and tourism industry as one of the province&#039;s five trillion-dollar industries.\"<\/p>\n<p>In recent years, Yunnan has improved its infrastructure and launched new cultural heritage tours, eco-tourism, and science tourism.<\/p>\n<p>With a drive to increase tourism offerings in China, now is the time to visit this vast, culture-filled country to experience food, heritage, nature and high-speed trains.<\/p>\n<p>Here&#039;s why you should consider <a href=https://www.euronews.com/"https:////www.euronews.com//travel//2023//03//23//visit-chinas-venice-of-the-east-for-waterways-nature-and-oriental-gardens/">China as your 2024 holiday destination.<\/p>\n<h2>The dishes you have to try in China<\/h2><p>Take a flavour-filled culinary journey through China&#039;s diverse regional cuisines this year. In Beijing, try succulent Peking that combines duck tender slices of roast duck served with thin pancakes, spring onions, cucumber, and hoisin sauce.<\/p>\n<p>In Sichuan, brace yourself for the fiery kick of dishes like mapo tofu and hotpot, while in Xi&#039;an, indulge in the city&#039;s renowned hand-pulled noodles and flavourful lamb skewers.<\/p>\n<p>Head south to Guangzhou, the birthplace of Cantonese cuisine, and indulge in dim sum delicacies like steamed dumplings, barbecue pork buns, and crispy spring rolls.<\/p>\n<p>Remember also to explore the vibrant night markets of <a href=https://www.euronews.com/"https:////www.euronews.com//2023//04//10//tesla-to-produce-10000-power-storage-devices-a-year-in-shanghai/">Shanghai, where you can feast on street food favourites like xiaolongbao (soup dumplings), scallion pancakes, and stinky tofu.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6669921875\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//30//35//26//808x539_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg/" alt=\"Take a flavour-filled culinary journey through China&apos;s diverse regional cuisines this year\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/384x256_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/640x427_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/750x500_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/828x552_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1080x720_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1200x800_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1920x1281_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Take a flavour-filled culinary journey through China&apos;s diverse regional cuisines this year<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<h2>The unmissable cultural sites in China: From rural villages to the Forbidden City<\/h2><p>China is a remarkable intersection of ancient cultures and languages with futuristic infrastructure that blends with impressive cultural sites.<\/p>\n<p>At its core lies a deep reverence for family, community, and heritage, which permeates every aspect of daily life.<\/p>\n<p>One of the defining features of Chinese culture is its rich artistic heritage, encompassing a wide range of disciplines, including calligraphy, painting, music, dance, and literature.<\/p>\n<p>There are many places in China where you can experience a wealth of cultural heritage and the arts.<\/p>\n<p>Explore the ancient wonders of the Forbidden City in Beijing, once the exclusive domain of emperors and their court. Discover the intricate architecture, sprawling courtyards, and priceless treasures illuminating China&#039;s imperial past.<\/p>\n<p>Visit the spiritual Buddhist temples amidst Shaolin&#039;s misty mountains, where monks have practised martial arts for centuries.<\/p>\n<p>You can also experience the vibrant festivals of rural villages, where dragon dances, lantern festivals, and traditional opera performances bring communities together in celebration.<\/p>\n<h2>Where to get your nature fix in China<\/h2><p>For nature lovers, China is a paradise waiting to be discovered. From the snow-capped peaks of the Himalayas to the lush forests of the south, the country&#039;s diverse landscapes offer plenty of thrilling outdoor adventures.<\/p>\n<p>Take a journey along the storied Silk Road, where camel caravans once traversed ancient trade routes through the deserts of Xinjiang.<\/p>\n<p>Explore the otherworldly landscapes of Zhangjiajie National Forest Park, where towering sandstone pillars inspired the floating mountains of James Cameron&#039;s <a href=https://www.euronews.com/"https:////www.euronews.com//next//2023//12//19//rise-of-chinas-ghost-bots-this-father-turned-to-ai-to-digitally-revive-his-dead-son/">Avatar./n

Trek through the terraced rice fields of Longji, where centuries-old farming practices have sculpted the hillsides into a patchwork of emerald green.<\/p>\n<p>You can explore crystal-clear lakes, cascading waterfalls, and vibrant forests in the Jiuzhaigou Valley.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6669921875\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//30//35//26//808x539_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg/" alt=\"Explore the otherworldly landscapes of Zhangjiajie National Forest Park, where towering sandstone pillars inspired the floating mountains of James Cameron&apos;s Avatar.\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/384x256_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/640x427_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/750x500_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/828x552_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1080x720_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1200x800_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1920x1281_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Explore the otherworldly landscapes of Zhangjiajie National Forest Park, where towering sandstone pillars inspired the floating mountains of James Cameron&apos;s Avatar.<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<h2>High-Speed Trains<\/h2><p>High-speed train travel in China has revolutionised how people move across the country&#039;s vast expanse, offering passengers convenient, efficient, and comfortable transport.<\/p>\n<p>The development of China&#039;s high-speed rail network began in the early 21st century as part of its ambitious efforts to modernise its transportation infrastructure and promote economic growth.<\/p>\n<p>Since then, China has invested billions of dollars in constructing state-of-the-art railways, laying the foundation for a modern, interconnected society.<\/p>\n<p>China&#039;s high-speed trains, known as CRH (China Railway High-speed) or Fuxing trains, are marvels of engineering and innovation. With top speeds reaching up to 350 kilometres per hour, these sleek and aerodynamic trains whisk passengers between major cities in a fraction of the time it would take by conventional rail or road.<\/p>\n<p>The high-speed rail network connects China&#039;s major cities and regions, dramatically spanning vast distances and reducing travel times. From the metropolises of <a href=https://www.euronews.com/"https:////www.euronews.com//video//2023//08//01//watch-swaths-of-suburban-beijing-remain-badly-hit-by-rain/">Beijing, Shanghai, and Guangzhou to the historic cities of Xi&#039;an, Chengdu, and Hangzhou, passengers can traverse the country quickly and efficiently, exploring diverse landscapes, cultures, and attractions.<\/p>\n<h2>Shanghai: Step into the future in China\u2019s cities<\/h2><p>China has undergone rapid economic development and urbanisation in recent decades, transforming it into a global powerhouse and one of the world&#039;s largest economies.<\/p>\n<p>Cities like Beijing, Shanghai, and Shenzhen have become dynamic metropolises, hubs of innovation, commerce, and culture.<\/p>\n<p>As China&#039;s largest city and global financial hub, Shanghai is worth visiting for its futuristic skyline, featuring towering skyscrapers and neon-lit streets packed with modern shops and traditional markets.<\/p>\n<p>\"One of the standout features of Shanghai is its accessibility to non-Mandarin speakers,\" says Mr Zhang Hao from the Shanghai Municipal Administration of Culture and Tourism. \"English indicators on road signs and metro stations make navigation relatively easy.\"<\/p>\n<p>Check out famous landmarks that dominate the horizon such as the Oriental Pearl Tower and Shanghai Tower.<\/p>\n<p>\"These architectural marvels offer breathtaking views of the cityscape from their observation decks,\" says\u00a0Mr Zhang Hao.<\/p>\n<p>These towering structures and the historic waterfront promenade known as The Bund form the backdrop for Shanghai&#039;s modern urban landscape, offering panoramic views of the cityscape and the Huangpu River.<\/p>\n<p>The city is also home to museums, galleries, and performance venues, including the Shanghai Museum, Shanghai Grand Theatre, and M50 Creative Park, where you can learn more about contemporary <a href=https://www.euronews.com/"https:////www.euronews.com//travel//2023//03//14//china-relaxes-travel-restrictions-all-you-need-to-know-about-tests-quarantine-and-flights/">Chinese art and culture.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6669921875\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//30//35//26//808x539_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg/" alt=\"As China&apos;s largest city and global financial hub, Shanghai is worth visiting for its futuristic skyline\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/384x256_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/640x427_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/750x500_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/828x552_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1080x720_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1200x800_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/1920x1281_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">As China&apos;s largest city and global financial hub, Shanghai is worth visiting for its futuristic skyline<\/span>\n <span class=\"widget__captionCredit\">Canva<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<h2>Where to see wildlife in China<\/h2><p>To spot incredible wildlife, head to the province of Yunnan, in China&#039;s south-western corner.<\/p>\n<p>It&#039;s home to 250 species of mammals, along with indigenous fish and reptiles. Yunnan is also the most bird-rich of any Chinese province, with over 800 species recorded.<\/p>\n<p>This forest-rich province is a haven of biodiversity. Here, you&#039;ll find the Southeast Asian gaur, a giant forest-dwelling bovine, Box Turtles, the Indochinese tiger, and Asian elephants.<\/p>\n<p>According to Limin, in addition to its <a href=https://www.euronews.com/"https:////www.euronews.com//green//2024//02//23//cobras-wild-cats-and-a-lynx-new-map-reveals-the-wild-animals-being-kept-as-pets-in-the-uk/">wildlife, the province&#039;s lush landscapes and focus on eco-tourism have made it an \"increasingly popular destination for outdoor sports and the preferred destination for international competitions.\"<\/p>\n","hashtag":null,"createdAt":1710324350,"updatedAt":1711040017,"publishedAt":1710745213,"firstPublishedAt":1710333213,"lastPublishedAt":1711040017,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Provided by Shanghai Tourism","altText":"China is now visa-free for Europeans: Take a high-speed train to futuristic cities and fabulous food","callToActionText":null,"width":1920,"caption":"China is now visa-free for Europeans: Take a high-speed train to futuristic cities and fabulous food","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/{{w}}x{{h}}_cmsv2_1d3415b0-9248-553d-832d-87fae5387b15-8303526.jpg","captionUrl":null,"height":1080},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"As China's largest city and global financial hub, Shanghai is worth visiting for its futuristic skyline","callToActionText":null,"width":1024,"caption":"As China's largest city and global financial hub, Shanghai is worth visiting for its futuristic skyline","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/{{w}}x{{h}}_cmsv2_b17b6329-5e8a-51e8-8867-d7d23807caff-8303526.jpg","captionUrl":null,"height":683},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"After three years of closed borders due to COVID, China's domestic tourism industry has experienced a robust post-pandemic rebound. ","callToActionText":null,"width":1024,"caption":"After three years of closed borders due to COVID, China's domestic tourism industry has experienced a robust post-pandemic rebound. ","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/{{w}}x{{h}}_cmsv2_f6d5d838-c85f-50ce-95bb-351b78a3c778-8303526.jpg","captionUrl":null,"height":683},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"Explore the otherworldly landscapes of Zhangjiajie National Forest Park, where towering sandstone pillars inspired the floating mountains of James Cameron's Avatar.","callToActionText":null,"width":1024,"caption":"Explore the otherworldly landscapes of Zhangjiajie National Forest Park, where towering sandstone pillars inspired the floating mountains of James Cameron's Avatar.","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/{{w}}x{{h}}_cmsv2_6544571a-bfc5-5201-af3c-25598ffe1ced-8303526.jpg","captionUrl":null,"height":683},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Canva","altText":"Take a flavour-filled culinary journey through China's diverse regional cuisines this year","callToActionText":null,"width":1024,"caption":"Take a flavour-filled culinary journey through China's diverse regional cuisines this year","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/35\/26\/{{w}}x{{h}}_cmsv2_746f650a-ec03-5eeb-a9b9-6593a4f58f24-8303526.jpg","captionUrl":null,"height":683}],"authors":{"journalists":[{"urlSafeValue":"portia","twitter":"@pip_says","title":"Portia Jones"}],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"china","titleRaw":"China","id":311,"title":"China","slug":"china"},{"urlSafeValue":"shanghai","titleRaw":"Shanghai","id":15398,"title":"Shanghai","slug":"shanghai"},{"urlSafeValue":"beijing","titleRaw":"Beijing","id":505,"title":"Beijing","slug":"beijing"},{"urlSafeValue":"tourism","titleRaw":"Tourism","id":4221,"title":"Tourism","slug":"tourism"},{"urlSafeValue":"travel-destinations","titleRaw":"Travel destinations","id":24192,"title":"Travel 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is now visa-free for Europeans: Take a high-speed train to futuristic cities and fabulous food","path":"\/travel\/2024\/03\/18\/china-is-now-visa-free-for-europeans-take-a-high-speed-train-to-futuristic-cities-and-fabu","lastModified":1711040017},{"id":2500178,"cid":8308000,"versionId":2,"archive":0,"housenumber":"240315_ECSU_55057654","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"China's semiconductor production challenges could be boon for Europe","titleSeo":null,"titleListing1":"China's semiconductor production challenges could be a boon for Europe","titleListing2":"Could China's semiconductor production challenges be a boon for Europe? Find out here","leadin":"Ageing technology and COVID-19 belt tightening are some of the challenges faced by China in its race to achieve semiconductor independency.","summary":"Ageing technology and COVID-19 belt tightening are some of the challenges faced by China in its race to achieve semiconductor independency.","keySentence":"","url":"chinas-semiconductor-production-challenges-could-be-a-boon-for-europe","canonical":"https:\/\/www.euronews.com\/business\/2024\/03\/15\/chinas-semiconductor-production-challenges-could-be-a-boon-for-europe","masterCms":"v2","plainText":"China is currently the world's top semiconductor consumer, accounting for more than 50% of global consumption, according to the Centre for International Governance Innovation. Along with this, it is also the world's fifth largest semiconductor manufacturer, following Taiwan, South Korea, Japan and the US. \n\nChina has also highlighted several times in the past that it aims to become an artificial intelligence superpower in the coming few years. Naturally, the US has not taken kindly to these statements, amid increasing geopolitical and trade tensions between the two countries. \n\nThis has led to the US putting several Chinese companies such as Semiconductor Manufacturing International Co (SMIC), China's largest chip market, on a trade blacklist, citing security concerns. This means that major US chip makers, such as Nvidia and AMD now face restrictions on chip sales and exports to China. \n\nThe US has justified the move, citing concerns that China may use the advanced chips it gets from Nvidia and similar companies for military purposes, which could be problematic for the US down the line. \n\nAccording to the Centre for Strategic and International Studies : \" These actions demonstrate an unprecedented degree of US government intervention to not only preserve chokepoint control, but also begin a new US policy of actively strangling large segments of the Chinese technology industry - strangling with the intent to kill.\" \n\nChina has responded to this with its own graphite export ban on the US. Regarding this, the Chinese Ministry of Commerce said: \"The graphite export control policy is a normal adjustment in accordance with the law, and some items are included while some removed from the export control list. \n\n\"The export control measures do not target any specific country, region or industry. China is always committed to safeguarding the safety and stability of the global industrial and supply chains, and will grant licences to exports that comply with relevant regulations.\" \n\nThe country has also been trying to ramp up its domestic production of chips as fast as possible. However, this is not without considerable challenges. \n\nWhat challenges is China facing in semiconductor production? \n\nMuch to US dismay, one of the sanctioned companies, Chinese tech giant Huawei, managed to come up with a new smartphone recently, the Mate 60, which uses a 7 nanometer process chip. \n\nThis type of chip is considered highly advanced, which has raised increasing concerns about how China is still managing to produce sophisticated chips, despite the sanctions. \n\nHowever, one of the biggest challenges that Chinese chipmakers are currently facing is that they are still using old chipmaking technology to produce increasingly complex and new-age chips, as the US has cut off most of China's access to more sophisticated chip making technology. \n\nUsing older technology invariably raises costs significantly, meaning that Chinese chipmakers such as SMIC are having to charge about 40% to 50% more than other competitors, especially Taiwanese companies such as Taiwan Semiconductor Manufacturing Company. This primary impacts 7 nanometer and 5 nonometer production chips. \n\nThe costs are only projected to keep increasing with every new generation of chips. Although this would be significantly helped by an ASML extreme ultraviolet (EUV) lithography system, the US has also pressurised the Netherlands to restrict China\u2019s access to its chip technology as well. \n\nThe other major concern with older chip technology is that the yield is lower, with the number of usable and sellable chips produced being considerably less than with more advanced technology. \n\nFollowing the pandemic, the Chinese government has also had to put a large chunk of semiconductor funding on hold, as more pressing expenses, such as stimulus measures for various sectors took precedence. \n\nPolitical and lack of oversight issues, as well as widespread corruption eroding funding for chip research and development programmes have also considerably slowed down the domestic manufacturing process. \n\nAdditionally, the country is facing hurdles with intellectual property, with several chip producing technologies already patented and closely protected by international companies. \n\nAs foreign affairs and national security website War On The Rocks said: \"The Chinese government has allocated the semiconductor industry not only one trillion yuan (\u20ac0.13 trillion) through state capital such as the Integrated Circuit Investment Fund (the Big Fund) but also high political priority, directing both political efforts and the market to infuse the chip industry with resources. \n\n\"These efforts, however, did not seem to move China up in the semiconductor value chain. Even after billions were thrown at the problem, indigenous production is far from being a reality. Despite some progress in independent chip design for a variety of products ranging from cloud computing to smartphones, the country still could not break free from the foreign-dominated supply and manufacturing chain.\" \n\nHow could China's chip production woes benefit Europe? \n\nEurope has also been an active participant in the semiconductor independence and artificial intelligence dominance race. In 2020, the European Union's share of the worldwide microchips market was about 10%. \n\nThe European Chips Act , implemented in 2023, is expected to bring a significant boost to the EU's domestic chip production, taking its global share to about 20% by 2030. \n\nAs the European Commission said: \"The European Chips Act will bolster Europe's competitiveness and resilience in semiconductor technologies and applications, and help achieve both the digital and green transition. It will do this by strengthening Europe's technological leadership in the field.\" \n\nNow that China is likely to be considerably delayed in upping its domestic production due to these US sanctions, this gives Europe a rare golden opportunity to ramp up its own production and plug in the gap in the market. As such, it can potentially produce, market and sell its own chips and secure steady clients long before China catches up. \n\nWith China already being a rising global superpower with increasing influence in South East Asia and a dominant producer of both rare earth minerals and electric vehicles (EVs), the US and the EU have been feeling more threatened about an economic and trade disbalance in the last few years. \n\nThis is because of rising concerns that China may use its dominance over things such as rare earth minerals as a retaliatory or bargaining tool with other nations, effectively cutting them off, if they decide to do so. An example of this was when China stopped exports of rare earth minerals to Japan in a dispute over fishing back in 2010. \n\nHeating EU-China tensions over a number of issues, such as EU investigations over Chinese EV imports to the continent, as well as concerns about data privacy and transparency, have led to increased concerns that China may retaliate against the EU in the near future as well.\u00a0 \n\nIf so, it would be far better for the EU to be self-reliant for semiconductors, at least, because of their widespread need and application. \n\n","htmlText":"<p>China is currently the world&#039;s top semiconductor consumer, accounting for more than 50% of global consumption, according to the Centre for International Governance Innovation. Along with this, it is also the world&#039;s fifth largest semiconductor manufacturer, following Taiwan, South Korea, Japan and the US.<\/p>\n<p>China has also highlighted several times in the past that it aims to become an artificial intelligence superpower in the coming few years. Naturally, the US has not taken kindly to these statements, amid increasing geopolitical and trade tensions between the two countries.<\/p>\n<p>This has led to the US putting several Chinese companies such as Semiconductor Manufacturing International Co (SMIC), China&#039;s largest chip market, on a trade blacklist, citing security concerns. This means that major US chip makers, such as Nvidia and AMD now face restrictions on chip sales and exports to China.<\/p>\n<p>The US has justified the move, citing concerns that China may use the advanced chips it gets from Nvidia and similar companies for military purposes, which could be problematic for the US down the line.<\/p>\n<div\n data-stories-id=\"8306896,8306028\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//14//russias-economy-is-going-strong-why-havent-western-sanctions-worked/">Russia's economy is going strong: why haven't Western sanctions worked? <\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//14//frances-decathlon-springs-into-rebrand-ahead-of-paris-olympics/">France's Decathlon springs into rebrand ahead of Paris Olympics<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>According to the **<a href=https://www.euronews.com/"https:////www.csis.org//analysis//choking-chinas-access-future-ai/">Centre for Strategic and International Studies<\/a>: \"**These actions demonstrate an unprecedented degree of US government intervention to not only preserve chokepoint control, but also begin a new US policy of actively strangling large segments of the Chinese technology industry - strangling with the intent to kill.\"<\/p>\n<p>China has responded to this with its own graphite export ban on the US. Regarding this, the Chinese <a href=https://www.euronews.com/"http:////english.mofcom.gov.cn//article//newsrelease//press//202311//20231103452116.shtml/">Ministry of Commerce<\/strong><\/a> said: \"The graphite export control policy is a normal adjustment in accordance with the law, and some items are included while some removed from the export control list.<\/p>\n<p>\"The export control measures do not target any specific country, region or industry. China is always committed to safeguarding the safety and stability of the global industrial and supply chains, and will grant licences to exports that comply with relevant regulations.\"<\/p>\n<p>The country has also been trying to ramp up its domestic production of chips as fast as possible. However, this is not without considerable challenges.<\/p>\n<h2>What challenges is China facing in semiconductor production?<\/h2><p>Much to US dismay, one of the sanctioned companies, Chinese tech giant Huawei, managed to come up with a new smartphone recently, the Mate 60, which uses a 7 nanometer process chip.<\/p>\n<p>This type of chip is considered highly advanced, which has raised increasing concerns about how China is still managing to produce sophisticated chips, despite the sanctions.<\/p>\n<p>However, one of the biggest challenges that Chinese chipmakers are currently facing is that they are still using old chipmaking technology to produce increasingly complex and new-age chips, as the US has cut off most of China&#039;s access to more sophisticated chip making technology.<\/p>\n<p>Using older technology invariably raises costs significantly, meaning that Chinese chipmakers such as SMIC are having to charge about 40% to 50% more than other competitors, especially Taiwanese companies such as Taiwan Semiconductor Manufacturing Company. This primary impacts 7 nanometer and 5 nonometer production chips.<\/p>\n<div\n data-stories-id=\"8306392,8304186\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//14//uk-plans-to-ban-foreign-state-ownership-of-newspapers/">UK plans to ban foreign state ownership of newspapers<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//14//merchandise-which-films-are-most-in-the-pink-for-revenue/">Merchandise: Which films are most in the pink for revenue?<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>The costs are only projected to keep increasing with every new generation of chips. Although this would be significantly helped by an ASML extreme ultraviolet (EUV) lithography system, the US has also pressurised the Netherlands to restrict China\u2019s access to its chip technology as well.<\/p>\n<p>The other major concern with older chip technology is that the yield is lower, with the number of usable and sellable chips produced being considerably less than with more advanced technology.<\/p>\n<p>Following the pandemic, the Chinese government has also had to put a large chunk of semiconductor funding on hold, as more pressing expenses, such as stimulus measures for various sectors took precedence.<\/p>\n<p>Political and lack of oversight issues, as well as widespread corruption eroding funding for chip research and development programmes have also considerably slowed down the domestic manufacturing process.<\/p>\n<p>Additionally, the country is facing hurdles with intellectual property, with several chip producing technologies already patented and closely protected by international companies.<\/p>\n<p>As foreign affairs and national security website War On The Rocks said: \"The Chinese government has allocated the semiconductor industry not only one trillion yuan (\u20ac0.13 trillion) through state capital such as the Integrated Circuit Investment Fund (the Big Fund) but also high political priority, directing both political efforts and the market to infuse the chip industry with resources.<\/p>\n<p>\"These efforts, however, did not seem to move China up in the semiconductor value chain. Even after billions were thrown at the problem, indigenous production is far from being a reality. Despite some progress in independent chip design for a variety of products ranging from cloud computing to smartphones, the country still could not break free from the foreign-dominated supply and manufacturing chain.\"<\/p>\n<h2>How could China's chip production woes benefit Europe?<\/h2><p>Europe has also been an active participant in the semiconductor independence and artificial intelligence dominance race. In 2020, the European Union&#039;s share of the worldwide microchips market was about 10%.<\/p>\n<p>The <a href=https://www.euronews.com/"https:////commission.europa.eu//strategy-and-policy//priorities-2019-2024//europe-fit-digital-age//european-chips-act_en/">European Chips Act<\/strong><\/a>, implemented in 2023, is expected to bring a significant boost to the EU&#039;s domestic chip production, taking its global share to about 20% by 2030.<\/p>\n<p>As the European Commission said: \"The European Chips Act will bolster Europe&#039;s competitiveness and resilience in semiconductor technologies and applications, and help achieve both the digital and green transition. It will do this by strengthening Europe&#039;s technological leadership in the field.\"<\/p>\n<p>Now that China is likely to be considerably delayed in upping its domestic production due to these US sanctions, this gives Europe a rare golden opportunity to ramp up its own production and plug in the gap in the market. As such, it can potentially produce, market and sell its own chips and secure steady clients long before China catches up.<\/p>\n<div\n data-stories-id=\"8303864,8304500\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//13//nord-stream-sues-london-insurers-over-pipeline-blasts/">Nord Stream sues London insurers over pipeline blasts<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//14//how-high-can-novo-nordisk-shares-go/">How high can Novo Nordisk shares go?<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>With China already being a rising global superpower with increasing influence in South East Asia and a dominant producer of both rare earth minerals and electric vehicles (EVs), the US and the EU have been feeling more threatened about an economic and trade disbalance in the last few years.<\/p>\n<p>This is because of rising concerns that China may use its dominance over things such as rare earth minerals as a retaliatory or bargaining tool with other nations, effectively cutting them off, if they decide to do so. An example of this was when China stopped exports of rare earth minerals to Japan in a dispute over fishing back in 2010.<\/p>\n<p>Heating EU-China tensions over a number of issues, such as EU investigations over Chinese EV imports to the continent, as well as concerns about data privacy and transparency, have led to increased concerns that China may retaliate against the EU in the near future as well.\u00a0<\/p>\n<p>If so, it would be far better for the EU to be self-reliant for semiconductors, at least, because of their widespread need and application.<\/p>\n","hashtag":null,"createdAt":1710482058,"updatedAt":1710496036,"publishedAt":1710495620,"firstPublishedAt":1710495633,"lastPublishedAt":1710496036,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Ng Han Guan\/Copyright 2020 The AP. All rights reserved.","altText":"A Chinese microchip is seen through a microscope set up at the booth for Tsinghua Unigroup project at the China Beijing International High-tech Expo in Beijing on May 17, 2018","callToActionText":null,"width":1024,"caption":"A Chinese microchip is seen through a microscope set up at the booth for Tsinghua Unigroup project at the China Beijing International High-tech Expo in Beijing on May 17, 2018","url":"https:\/\/static.euronews.com\/articles\/stories\/07\/09\/59\/66\/{{w}}x{{h}}_cmsv2_2ccc5c65-8668-5f81-8899-d8d88c595417-7095966.jpg","captionUrl":null,"height":768}],"authors":{"journalists":[{"urlSafeValue":"lahiri","twitter":null,"title":"Indrabati Lahiri"}],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"semiconductor","titleRaw":"Semiconductor","id":26042,"title":"Semiconductor","slug":"semiconductor"},{"urlSafeValue":"electronic-chip","titleRaw":"Electronic chip","id":26288,"title":"Electronic chip","slug":"electronic-chip"},{"urlSafeValue":"taiwan","titleRaw":"Taiwan","id":269,"title":"Taiwan","slug":"taiwan"},{"urlSafeValue":"us-china-tensions","titleRaw":"US-China tensions","id":28590,"title":"US-China tensions","slug":"us-china-tensions"}],"widgets":[{"count":3,"slug":"related"}],"related":[{"id":2499790},{"id":2513312}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":null,"additionalReporting":null,"freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"economy","urlSafeValue":"economy","title":"Economy","online":0,"url":"\/\/www.euronews.com\/business\/economy\/economy"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"economy","id":"economy","title":"Economy","url":"\/\/www.euronews.com\/business\/economy"}],"primaryTheme":{"id":72,"urlSafeValue":"economy","title":"Economy"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_busfin','gs_politics','shadow9hu7_pos_ukrainecrisis','gs_tech_computing','gs_science','gs_science_geography','gs_busfin_indus','gs_politics_issues_policy','gs_politics_misc','gt_mixed','neg_tiktok_q1_2024_eng','neg_facebook_q4','neg_mobkoi_castrol','mobkoi_sophie_campaign_en','neg_saudiaramco','gt_positive_curiosity'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"China\u2019s semiconductor production challenges could be a boon for Europe","path":"\/business\/2024\/03\/15\/chinas-semiconductor-production-challenges-could-be-a-boon-for-europe","lastModified":1710496036},{"id":2498552,"cid":8302800,"versionId":1,"archive":0,"housenumber":"240313_BUSU_55037246","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Chinese tech giant Xiaomi expected to start EV sales this month ","titleSeo":null,"titleListing1":"Chinese tech giant Xiaomi expected to start EV sales this month ","titleListing2":"This Chinese tech company is starting its electric vehicle sales this month- find out more. ","leadin":"Xiaomi was one of the few new electric vehicle manufacturers to get approved by China, amidst a rush of prospective new entrants wanting to take advantage of the country's EV boom.","summary":"Xiaomi was one of the few new electric vehicle manufacturers to get approved by China, amidst a rush of prospective new entrants wanting to take advantage of the country's EV boom.","keySentence":"","url":"chinese-tech-giant-xiaomi-expected-to-start-ev-sales-this-month","canonical":"https:\/\/www.euronews.com\/business\/2024\/03\/13\/chinese-tech-giant-xiaomi-expected-to-start-ev-sales-this-month","masterCms":"v2","plainText":"Xiaomi has revealed that it will begin deliveries for its first electric vehicle - named Speed Ultra 7 or SU7 - later this month, marking the Chinese technology company\u2019s entry into the global automobile market. \n\nFollowing the news, Xiaomi\u2019s shares saw their largest intraday jump in over a year, at 11.34%, clocking in at HKD 14.92 (\u20ac1.74) at market close on Tuesday. \n\nThe company\u2019s CEO, Lei Jun, said when announcing the venture back in 2021, that it would be the final major entrepreneurial project of his life and that he was willing to put his reputation on the line for the vehicle. \n\nWhen launching the car in 2023, Lei Jun added that Xiaomi was striving to be one of the five best automobile producers globally in the next 15 to 20 years. He also said that about $10 billion (\u20ac9.15 billion) would be invested in this arm of the business in the next decade. \n\nThe company, which has about 59 stores ready to take car orders, also revealed that it will disclose the price of the vehicle on 28 March. \n\nChinese EV market continues to heat up \n\nIn the past few months, the Chinese EV market has considerably heated up, amidst a price war between two of the top EV markers in the world, Tesla and Chinese producer BYD.\u00a0 \n\nRecently, Tesla has had to slash prices in China, in response to BYD also cutting prices. \n\nChina has the highest number of electric vehicles on the road - about 20 million vehicles - accounting for over half of total global EVs. It is also the biggest producer of EVs, manufacturing about 5.47 million vehicles in 2022, according to Statista. \n\nDemand for electric vehicles, especially second-hand ones, has risen significantly, as consumers become more environmentally conscious. \n\nThis has led to several other Chinese companies wanting to venture into the coveted market recently.\u00a0 \n\nHowever, Xiaomi was one of the lucky few to get approved by the regulators, which are currently trying to control the number of new players. \n\nOther major tech companies such as Apple have had to let go of EV dreams, as the new manufacturing challenges in the automotive sector are too overwhelming. \n\nAccording to Jun, Xiaomi\u2019s SU7 will likely be able to accelerate even faster than certain Porsche and Tesla electric vehicles. \n\nXiaomi EV also recently introduced its five core technologies, namely Battery, Xiaomi Pilot Autonomous Driving, E-Motor, Xiaomi Hyper Die-Casting and Smart Cabin.\u00a0 \n\nAccording to the company, this is another step forward to closing the loop of the smart ecosystem of Human x Car x Home. The new electric vehicle\u2019s having the same operating system as its other products, such as its phones, is also expected to be a key selling point for this venture. \n\n","htmlText":"<p>Xiaomi has revealed that it will begin deliveries for its first electric vehicle - named Speed Ultra 7 or SU7 - later this month, marking the Chinese technology company\u2019s entry into the global automobile market.<\/p>\n<p>Following the news, Xiaomi\u2019s shares saw their largest intraday jump in over a year, at 11.34%, clocking in at HKD 14.92 (\u20ac1.74) at market close on Tuesday.<\/p>\n<p>The company\u2019s CEO, Lei Jun, said when announcing the venture back in 2021, that it would be the final major entrepreneurial project of his life and that he was willing to put his reputation on the line for the vehicle.<\/p>\n<p>When launching the car in 2023, Lei Jun added that Xiaomi was striving to be one of the five best automobile producers globally in the next 15 to 20 years. He also said that about $10 billion (\u20ac9.15 billion) would be invested in this arm of the business in the next decade.<\/p>\n<p>The company, which has about 59 stores ready to take car orders, also revealed that it will disclose the price of the vehicle on 28 March.<\/p>\n<h2>Chinese EV market continues to heat up<\/h2><p>In the past few months, the Chinese EV market has considerably heated up, amidst a price war between two of the top EV markers in the world, Tesla and Chinese producer BYD.\u00a0<\/p>\n<p>Recently, Tesla has had to slash prices in China, in response to BYD also cutting prices.<\/p>\n<p>China has the highest number of electric vehicles on the road - about 20 million vehicles - accounting for over half of total global EVs. It is also the biggest producer of EVs, manufacturing about 5.47 million vehicles in 2022, according to Statista.<\/p>\n<div\n data-stories-id=\"8301686,8299252\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//11//reddit-becomes-public-shares-from-31-expected-this-month/">Reddit set to go public: Shares from $31 expected this month <\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//12//us-inflation-rises-more-than-expected-in-february-what-will-the-fed-do-next/">US inflation rises more than expected in February: What will the Fed do next?<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Demand for electric vehicles, especially second-hand ones, has risen significantly, as consumers become more environmentally conscious.<\/p>\n<p>This has led to several other Chinese companies wanting to venture into the coveted market recently.\u00a0<\/p>\n<p>However, Xiaomi was one of the lucky few to get approved by the regulators, which are currently trying to control the number of new players.<\/p>\n<p>Other major tech companies such as Apple have had to let go of EV dreams, as the new manufacturing challenges in the automotive sector are too overwhelming.<\/p>\n<p>According to Jun, Xiaomi\u2019s SU7 will likely be able to accelerate even faster than certain Porsche and Tesla electric vehicles.<\/p>\n<p>Xiaomi EV also recently introduced its five core technologies, namely Battery, Xiaomi Pilot Autonomous Driving, E-Motor, Xiaomi Hyper Die-Casting and Smart Cabin.\u00a0<\/p>\n<p>According to the company, this is another step forward to closing the loop of the smart ecosystem of Human x Car x Home. The new electric vehicle\u2019s having the same operating system as its other products, such as its phones, is also expected to be a key selling point for this venture.<\/p>\n","hashtag":null,"createdAt":1710286186,"updatedAt":1710324141,"publishedAt":1710324124,"firstPublishedAt":1710324141,"lastPublishedAt":1710324141,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Joan Mateu Parra\/Copyright 2023 The AP. All rights reserved","altText":"The Xiaomi logo is seen at the Mobile World Congress 2023 in Barcelona, Spain, Tuesday, Feb. 28, 2023. (AP Photo\/Joan Mateu Parra)","callToActionText":null,"width":1024,"caption":"The Xiaomi logo is seen at the Mobile World Congress 2023 in Barcelona, Spain, Tuesday, Feb. 28, 2023. (AP Photo\/Joan Mateu Parra)","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/30\/28\/00\/{{w}}x{{h}}_cmsv2_ff091199-8ba3-50c5-abc3-5dd1c3979221-8302800.jpg","captionUrl":null,"height":683}],"authors":{"journalists":[{"urlSafeValue":"lahiri","twitter":null,"title":"Indrabati Lahiri"}],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"china","titleRaw":"China","id":311,"title":"China","slug":"china"},{"urlSafeValue":"xiaomi","titleRaw":"Xiaomi","id":21750,"title":"Xiaomi","slug":"xiaomi"},{"urlSafeValue":"electric-cars","titleRaw":"Electric cars","id":8859,"title":"Electric cars","slug":"electric-cars"}],"widgets":[{"count":1,"slug":"related"}],"related":[{"id":2497964},{"id":2498122},{"id":2498218}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":null,"additionalReporting":null,"freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"business","urlSafeValue":"business","title":"Business","online":0,"url":"\/\/www.euronews.com\/business\/business\/business"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"business","id":"business","title":"Business","url":"\/\/www.euronews.com\/business\/business"}],"primaryTheme":{"id":7,"urlSafeValue":"business","title":"Business"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_auto','gs_busfin','gs_auto_type','gs_auto_misc','gs_busfin_indus','gs_busfin_business','gs_tech_computing','gs_tech','shadow9hu7_pos_ukrainecrisis','progressivemedia','custom_investment','mortgages_home_eng','neg_facebook','mobkoi_sophie_campaign_en'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"Chinese tech giant Xiaomi expected to start EV sales this month","path":"\/business\/2024\/03\/13\/chinese-tech-giant-xiaomi-expected-to-start-ev-sales-this-month","lastModified":1710324141},{"id":2495812,"cid":8294756,"versionId":2,"archive":0,"housenumber":"240308_MKSU_55005587","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Chinese energy giant finds hundred-million-ton oilfield","titleSeo":null,"titleListing1":"Chinese energy giant CNOOC finds hundred million-ton oilfield","titleListing2":"What could CNIOOC's new oil discovery mean for China's oil sector? Find out here","leadin":"CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months.","summary":"CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months.","keySentence":"","url":"chinese-energy-giant-finds-hundred-million-ton-oilfield","canonical":"https:\/\/www.euronews.com\/business\/2024\/03\/08\/chinese-energy-giant-finds-hundred-million-ton-oilfield","masterCms":"v2","plainText":"China's third largest national oil and gas company, China National Offshore Oil Company (CNOOC), has recently revealed that it has made a massive deep-water oil discovery in the Kaiping South oilfield. This will add more than a hundred million tons of oil equivalent to the oilfield's total proved in-place volume. \n\nThe Kaiping South oilfield is 300 kilometres off the coast of Guangdong province, in the South China Sea. It is one of China's offshore oil fields, mainly yielding light crude oil. With an average water depth of about 500 metres, the key oil-bearing plays are Enping Formation, Zhuhai Formation and Wenchang Formation of Paleogene. \n\nChina's other major oilfields include the Bohai oilfield and the Daqing oilfield, amongst others. \n\nCNOOC's deputy chief exploration officer Xu Changgui said in a press release: \"Kaiping South Oilfield is China's first deep-water and deep-play oilfield with proved in-place volume over a hundred million tons. \n\n\"The discovery fully demonstrates the broad prospects for exploration in deep-water South China Sea and further expands the resource base for the company's high-quality development.\" \n\nCompany president and CEO Zhou Xinhuai, said in the same press release: \"In recent years, CNOOC Limited has achieved remarkable breakthroughs in oil and gas exploration in the eastern South China Sea, building a new growth pole for offshore oil and gas production. \n\n\"The company remains committed to oil and gas resources exploration and development in the South China Sea, thereby continuously enhancing its energy supply capacity.\" \n\nWhat does this mean for China's oil sector? \n\nChina's oil production has grown rapidly over the past few years, mainly due to increasing government and private spending. However, this could be slowing down, especially post-pandemic, as government stimulus mostly goes towards propping up the economy and supporting other struggling sectors such as infrastructure. \n\nLin Chen, analyst at Rystad Energy, as reported by OilPrice.com said: \"The majority of China's oil fields are in a mature phase, facing natural production declines while the scarcity of substantial new discoveries poses a challenge to sustaining long-term production growth at current rates.\" \n\nAccording to Statista, China was the second largest importer of crude oil in 2022, following Europe, at about 12.2 million barrels a day. This was likely to be due to its increasingly booming manufacturing sector and overall industrialisation, requiring much more energy in the last few years. \n\nIn earlier years, most Chinese oil producers did not want to spend vast amounts of money on exploration which were not always likely to yield satisfactory results. However, this new discovery could also encourage China to import less foreign crude oil and focus anew on its domestic production, with solid proof of existing oil resources. \n\nCNOOC has also increased its production targets for 2024, now looking at producing an output of anywhere between 700 million and 720 million barrels this year. If so, this would be a considerable step up from 2023's oil equivalent output of 675 million barrels. \n\n","htmlText":"<p>China&#039;s third largest national oil and gas company, China National Offshore Oil Company (CNOOC), has recently revealed that it has made a massive deep-water oil discovery in the Kaiping South oilfield. This will add more than a hundred million tons of oil equivalent to the oilfield&#039;s total proved in-place volume.<\/p>\n<p>The Kaiping South oilfield is 300 kilometres off the coast of Guangdong province, in the South China Sea. It is one of China&#039;s offshore oil fields, mainly yielding light crude oil. With an average water depth of about 500 metres, the key oil-bearing plays are Enping Formation, Zhuhai Formation and Wenchang Formation of Paleogene.<\/p>\n<p>China&#039;s other major oilfields include the Bohai oilfield and the Daqing oilfield, amongst others.<\/p>\n<p>CNOOC&#039;s deputy chief exploration officer Xu Changgui said in a press release: \"Kaiping South Oilfield is China&#039;s first deep-water and deep-play oilfield with proved in-place volume over a hundred million tons.<\/p>\n<p>\"The discovery fully demonstrates the broad prospects for exploration in deep-water South China Sea and further expands the resource base for the company&#039;s high-quality development.\"<\/p>\n<p>Company president and CEO Zhou Xinhuai, said in the same press release: \"In recent years, CNOOC Limited has achieved remarkable breakthroughs in oil and gas exploration in the eastern South China Sea, building a new growth pole for offshore oil and gas production.<\/p>\n<p>\"The company remains committed to oil and gas resources exploration and development in the South China Sea, thereby continuously enhancing its energy supply capacity.\"<\/p>\n<div\n data-stories-id=\"8293772,8291876\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//08//as-europes-economy-slumps-when-will-the-ecb-cut-interest-rates/">As Europe's economy languishes, when will the ECB cut interest rates?<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//03//08//managing-money-as-a-couple-alls-fair-in-love-andbudgeting/">Managing money as a couple: All's fair in love and\u2026budgeting?<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<h2>What does this mean for China's oil sector?<\/h2><p>China&#039;s oil production has grown rapidly over the past few years, mainly due to increasing government and private spending. However, this could be slowing down, especially post-pandemic, as government stimulus mostly goes towards propping up the economy and supporting other struggling sectors such as infrastructure.<\/p>\n<p>Lin Chen, analyst at Rystad Energy, as reported by OilPrice.com said: \"The majority of China&#039;s oil fields are in a mature phase, facing natural production declines while the scarcity of substantial new discoveries poses a challenge to sustaining long-term production growth at current rates.\"<\/p>\n<p>According to Statista, China was the second largest importer of crude oil in 2022, following Europe, at about 12.2 million barrels a day. This was likely to be due to its increasingly booming manufacturing sector and overall industrialisation, requiring much more energy in the last few years.<\/p>\n<p>In earlier years, most Chinese oil producers did not want to spend vast amounts of money on exploration which were not always likely to yield satisfactory results. However, this new discovery could also encourage China to import less foreign crude oil and focus anew on its domestic production, with solid proof of existing oil resources.<\/p>\n<p>CNOOC has also increased its production targets for 2024, now looking at producing an output of anywhere between 700 million and 720 million barrels this year. If so, this would be a considerable step up from 2023&#039;s oil equivalent output of 675 million barrels.<\/p>\n","hashtag":null,"createdAt":1709910916,"updatedAt":1709913372,"publishedAt":1709913367,"firstPublishedAt":1709913372,"lastPublishedAt":1709913372,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Aaron Favila\/Copyright 2024 The AP. All rights reserved","altText":"The sun rises while a suspected Chinese militia ship blocks Philippine coast guard ship, not shown, in the disputed South China Sea Tuesday, March 5, 2024.","callToActionText":null,"width":1024,"caption":"The sun rises while a suspected Chinese militia ship blocks Philippine coast guard ship, not shown, in the disputed South China Sea Tuesday, March 5, 2024.","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/29\/47\/56\/{{w}}x{{h}}_cmsv2_849f82a3-37dc-5198-8baa-d51b350f24f1-8294756.jpg","captionUrl":null,"height":683}],"authors":{"journalists":[{"urlSafeValue":"lahiri","twitter":null,"title":"Indrabati Lahiri"}],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"crude-oil","titleRaw":"crude oil","id":27610,"title":"crude oil","slug":"crude-oil"},{"urlSafeValue":"oil-market","titleRaw":"Oil market","id":218,"title":"Oil market","slug":"oil-market"},{"urlSafeValue":"oil-industry","titleRaw":"oil industry ","id":18334,"title":"oil industry ","slug":"oil-industry"},{"urlSafeValue":"south-china-sea","titleRaw":"South China Sea","id":19788,"title":"South China Sea","slug":"south-china-sea"}],"widgets":[{"count":1,"slug":"related"}],"related":[{"id":2493214},{"id":2492136}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":null,"additionalReporting":null,"freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"markets","urlSafeValue":"markets","title":"Markets","online":0,"url":"\/\/www.euronews.com\/business\/markets\/markets"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"markets","id":"markets","title":"Markets","url":"\/\/www.euronews.com\/business\/markets"}],"primaryTheme":{"id":74,"urlSafeValue":"markets","title":"Markets"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_busfin','gs_business','gs_busfin_indus','gs_busfin_indus_energy','gs_business_energy','gt_positive','gt_positive_curiosity','shadow9hu7_pos_ukrainecrisis','gs_science','gs_science_geography','manufacturing','neg_bucherer','gs_economy_misc'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"Chinese oil and gas firm CNOOC discovers hundred million ton oilfield","path":"\/business\/2024\/03\/08\/chinese-energy-giant-finds-hundred-million-ton-oilfield","lastModified":1709913372},{"id":2492932,"cid":8285348,"versionId":2,"archive":0,"housenumber":"240305_ECSU_54968946","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"China sets economic growth target of around 5% but says it won't be easy","titleSeo":null,"titleListing1":"China sets ambitious economic target but it won't be easy to achieve","titleListing2":"China sets economic growth target of around 5% but says it won't be easy","leadin":"China's premier has outlined plans to boost spending on developing advanced technology, fortifying the country's military and supporting the economy, among many other longstanding goals.","summary":"China's premier has outlined plans to boost spending on developing advanced technology, fortifying the country's military and supporting the economy, among many other longstanding goals.","keySentence":"","url":"china-sets-economic-growth-target-of-around-5-but-says-it-wont-be-easy","canonical":"https:\/\/www.euronews.com\/business\/2024\/03\/05\/china-sets-economic-growth-target-of-around-5-but-says-it-wont-be-easy","masterCms":"v2","plainText":"China aims to achieve 5% economic growth this year, Premier Li Qiang said on Tuesday, acknowledging that it will be a challenging goal in difficult times. \n\nIn his address to the annual session of the National People's Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China's military and supporting the economy, among many other longstanding goals.\u00a0 \n\nBut there was no big package of stimulus to help boost markets and reassure worried investors. \n\nLi, presenting an annual report on the past year and future plans, said the government would continue with a \"pro-active fiscal policy and prudent monetary policy\", suggesting no major change in the leadership's approach to the economy. \n\nHe did unveil a plan to boost growth by issuing long-term bonds over the next several years, starting with 1 trillion yuan (about \u20ac128 billion) this year. The money would be spent to implement \"major national strategies\" and fortify security \"in key areas\". \n\nLi said the government plans a \"new development model\" for the housing market, including building government-subsidised housing in a bid to ease a prolonged real estate slump that has been a major drag on the economy.\u00a0 \n\nThat appeared to confirm reports that authorities plan to use public funds to buy up some of China's legions of unoccupied apartments and turn them into affordable housing. \n\n\"The foundation for China's sustained economic recovery is not yet stable, with insufficient effective demand, overcapacity in some industries, weak social expectations, and still many risks and hidden dangers,\" Li told delegates to the annual session of the congress, China's ceremonial legislature, in Beijing's majestic Great Hall of the People, adjacent to Tiananmen Square. \n\nThe government released a draft budget that included 1.67 trillion yuan ($231 billion) in defence spending \u2014 a rise of 7.2% that matches the pace of increase in 2023 and reflects a continued focus on security as well as the economy. \n\nChina's economy grew at a 5.2% pace last year, but that was on top of just 3% annual growth rate in 2022, when millions of people were locked down for weeks and some businesses were ordered to close as the country endured the worst disruptions from the COVID-19 pandemic. Replicating the same growth rate this year will be more difficult because the economy is starting from a higher base. \n\n\"Achieving this year's targets will not be easy,\" Li said, referring not only to economic growth but other goals including raising incomes, creating 12 million jobs and making the economy more energy efficient in pursuit of climate goals. \n\nChina has set a 2.5% goal for reducing its energy consumption, after having failed to meet its target for a 2% cut in 2023. \n\nXi Jinping, China\u2019s most powerful leader in decades, heads the party and has installed loyalists like Li in top posts to strengthen its grip on the economy and society. Xi, 70, is in his third five-year term as party general secretary and may hold that post for life. \n\nThe meetings of the national congress run for about a week and are China\u2019s biggest political events of the year. The congress only endorses policies already set by top leaders, but it provides a platform to showcase the party\u2019s accomplishments and to build support for its aims. \n\nLeaders have been emphasising the need to raise consumer spending to help drive the economy. But the consumption-led recovery it was counting on after anti-pandemic controls ended in late 2022 has faded and most forecasts are for growth to slow this year. \n\nFalling housing prices and worries over jobs have left many families either reluctant or unable to spend more. China\u2019s real estate market is in crisis after many developers defaulted on their debts following a crackdown on excess borrowing. \n\nLi said the government would defuse such risks and provide support to local governments whose finances have been strained by high spending on anti-virus measures and lower tax revenues due to the downturn in land right sales. \n\nChina should not lose sight of \u201cworst-case scenarios,\u201d Li said. \n\nBut he reiterated calls for greater confidence despite China\u2019s challenges, noting the country\u2019s vast market of about 1.4 billion people, its advanced manufacturing capacity and its massive workforce. \n\n\u201cThe underlying trend of economic recovery and long-term growth remains unchanged and will not change,\u201d he said. \u201cSo we must be more confident and more assured of ourselves.\u201d \n\nAmong the dozens of projects Li listed in his roughly 30-page Chinese-language report \u2014 55 pages in English \u2014 China plans a programme this year for \u201cworry-free consumption\u201d to encourage people to spend more. Households will be encouraged to trade in old cars and appliances and buy new ones. \n\nLi also said the government would focus on employment, a pressing concern for the many people whose jobs became more precarious during the pandemic and many young Chinese who are struggling to find work after leaving school. Plans include unemployment insurance and other social support, loans and subsidies to companies able to create many jobs. \n\nThe government also plans to provide support for local governments facing \u201ceconomic difficulty,\u201d he said, suggesting that Beijing will limit damage from debts of cash-strapped cities and regions that have been rising sharply. \n\n","htmlText":"<p>China aims to achieve 5% economic growth this year, Premier Li Qiang said on Tuesday, acknowledging that it will be a challenging goal in difficult times.<\/p>\n<p>In his address to the annual session of the National People&#039;s Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China&#039;s military and supporting the economy, among many other longstanding goals.\u00a0<\/p>\n<p>But there was no big package of stimulus to help boost markets and reassure worried investors.<\/p>\n<div\n data-stories-id=\"8266744,8252812\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//02//27//what-are-shadow-banks-and-why-are-they-failing-in-china/">What are shadow banks and why are they failing in China?<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//02//20//china-cuts-key-interest-rate-to-revive-property-sector/">China cuts key interest rate to revive property sector<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Li, presenting an annual report on the past year and future plans, said the government would continue with a \"pro-active fiscal policy and prudent monetary policy\", suggesting no major change in the leadership&#039;s approach to the economy.<\/p>\n<p>He did unveil a plan to boost growth by issuing long-term bonds over the next several years, starting with 1 trillion yuan (about \u20ac128 billion) this year. The money would be spent to implement \"major national strategies\" and fortify security \"in key areas\".<\/p>\n<p>Li said the government plans a \"new development model\" for the housing market, including building government-subsidised housing in a bid to ease a prolonged real estate slump that has been a major drag on the economy.\u00a0<\/p>\n<p>That appeared to confirm reports that authorities plan to use public funds to buy up some of China&#039;s legions of unoccupied apartments and turn them into affordable housing.<\/p>\n<p>\"The foundation for China&#039;s sustained economic recovery is not yet stable, with insufficient effective demand, overcapacity in some industries, weak social expectations, and still many risks and hidden dangers,\" Li told delegates to the annual session of the congress, China&#039;s ceremonial legislature, in Beijing&#039;s majestic Great Hall of the People, adjacent to Tiananmen Square.<\/p>\n<div class=\"widget widget--type-quotation\n widget--size-fullwidth\n widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__content\">\n <blockquote class=\"widget__quote\">\n <span class=\"widget__quoteText\">Achieving this year&apos;s targets will not be easy.<\/span>\n <\/blockquote>\n <cite class=\"widget__author\">\n <div class=\"widget__authorText\">\n Li Qiang\n <\/div>\n <div class=\"widget__author_descriptionText\">\n Premier of the People&apos;s Republic of China\n <\/div>\n <\/cite>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>The government released a draft budget that included 1.67 trillion yuan ($231 billion) in defence spending \u2014 a rise of 7.2% that matches the pace of increase in 2023 and reflects a continued focus on security as well as the economy.<\/p>\n<p>China&#039;s economy grew at a 5.2% pace last year, but that was on top of just 3% annual growth rate in 2022, when millions of people were locked down for weeks and some businesses were ordered to close as the country endured the worst disruptions from the COVID-19 pandemic. Replicating the same growth rate this year will be more difficult because the economy is starting from a higher base.<\/p>\n<p>\"Achieving this year&#039;s targets will not be easy,\" Li said, referring not only to economic growth but other goals including raising incomes, creating 12 million jobs and making the economy more energy efficient in pursuit of climate goals.<\/p>\n<p>China has set a 2.5% goal for reducing its energy consumption, after having failed to meet its target for a 2% cut in 2023.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6669921875\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//28//53//48//808x539_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg/" alt=\"Chinese President Xi Jinping, left, talks with Chinese Premier Li Qiang during the opening session of the NPC at the Great Hall of the People in Beijing, China, 05\/03\/24\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/384x256_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/640x427_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/750x500_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/828x552_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/1080x720_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/1200x800_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/1920x1281_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Chinese President Xi Jinping, left, talks with Chinese Premier Li Qiang during the opening session of the NPC at the Great Hall of the People in Beijing, China, 05\/03\/24<\/span>\n <span class=\"widget__captionCredit\">Ng Han Guan\/Copyright 2024 The AP. All rights reserved<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Xi Jinping, China\u2019s most powerful leader in decades, heads the party and has installed loyalists like Li in top posts to strengthen its grip on the economy and society. Xi, 70, is in his third five-year term as party general secretary and may hold that post for life.<\/p>\n<p>The meetings of the national congress run for about a week and are China\u2019s biggest political events of the year. The congress only endorses policies already set by top leaders, but it provides a platform to showcase the party\u2019s accomplishments and to build support for its aims.<\/p>\n<p>Leaders have been emphasising the need to raise consumer spending to help drive the economy. But the consumption-led recovery it was counting on after anti-pandemic controls ended in late 2022 has faded and most forecasts are for growth to slow this year.<\/p>\n<p>Falling housing prices and worries over jobs have left many families either reluctant or unable to spend more. China\u2019s real estate market is in crisis after many developers defaulted on their debts following a crackdown on excess borrowing.<\/p>\n<div\n data-stories-id=\"8226636,7961018\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2024//02//08//is-a-commercial-real-estate-crisis-unfolding-across-europe/">Is a commercial real estate crisis unfolding across Europe?<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2023//10//11//property-crisis-in-china-imf-worries-about-countrys-financial-stability/">Property crisis in China: IMF worries about country\u2019s financial stability<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Li said the government would defuse such risks and provide support to local governments whose finances have been strained by high spending on anti-virus measures and lower tax revenues due to the downturn in land right sales.<\/p>\n<p>China should not lose sight of \u201cworst-case scenarios,\u201d Li said.<\/p>\n<p>But he reiterated calls for greater confidence despite China\u2019s challenges, noting the country\u2019s vast market of about 1.4 billion people, its advanced manufacturing capacity and its massive workforce.<\/p>\n<p>\u201cThe underlying trend of economic recovery and long-term growth remains unchanged and will not change,\u201d he said. \u201cSo we must be more confident and more assured of ourselves.\u201d<\/p>\n<p>Among the dozens of projects Li listed in his roughly 30-page Chinese-language report \u2014 55 pages in English \u2014 China plans a programme this year for \u201cworry-free consumption\u201d to encourage people to spend more. Households will be encouraged to trade in old cars and appliances and buy new ones.<\/p>\n<p>Li also said the government would focus on employment, a pressing concern for the many people whose jobs became more precarious during the pandemic and many young Chinese who are struggling to find work after leaving school. Plans include unemployment insurance and other social support, loans and subsidies to companies able to create many jobs.<\/p>\n<p>The government also plans to provide support for local governments facing \u201ceconomic difficulty,\u201d he said, suggesting that Beijing will limit damage from debts of cash-strapped cities and regions that have been rising sharply.<\/p>\n","hashtag":null,"createdAt":1709624733,"updatedAt":1709642041,"publishedAt":1709625493,"firstPublishedAt":1709625495,"lastPublishedAt":1709642041,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Ng Han Guan\/Copyright 2024 The AP. All rights reserved","altText":"Chinese Premier Li Qiang, center, speaks during the opening session of the NPC at the Great Hall of the People in Beijing, China, Tuesday, March 5 2024","callToActionText":null,"width":1024,"caption":"Chinese Premier Li Qiang, center, speaks during the opening session of the NPC at the Great Hall of the People in Beijing, China, Tuesday, March 5 2024","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/{{w}}x{{h}}_cmsv2_005a0d39-5fa4-5362-a267-99fb508b7b4e-8285348.jpg","captionUrl":null,"height":683},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Ng Han Guan\/Copyright 2024 The AP. All rights reserved","altText":"Chinese President Xi Jinping, left, talks with Chinese Premier Li Qiang during the opening session of the NPC at the Great Hall of the People in Beijing, China, 05\/03\/24","callToActionText":null,"width":1024,"caption":"Chinese President Xi Jinping, left, talks with Chinese Premier Li Qiang during the opening session of the NPC at the Great Hall of the People in Beijing, China, 05\/03\/24","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/28\/53\/48\/{{w}}x{{h}}_cmsv2_ad174ec9-9d6e-587e-95f2-5dc91f81081e-8285348.jpg","captionUrl":null,"height":683}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"china","titleRaw":"China","id":311,"title":"China","slug":"china"},{"urlSafeValue":"economy","titleRaw":"Economy","id":572,"title":"Economy","slug":"economy"},{"urlSafeValue":"chinese-economy","titleRaw":"Chinese economy","id":10675,"title":"Chinese economy","slug":"chinese-economy"}],"widgets":[{"count":1,"slug":"image"},{"count":1,"slug":"quotation"},{"count":2,"slug":"related"}],"related":[{"id":2493040},{"id":2493126}],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":"","additionalReporting":"AP","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"economy","urlSafeValue":"economy","title":"Economy","online":0,"url":"\/\/www.euronews.com\/business\/economy\/economy"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"economy","id":"economy","title":"Economy","url":"\/\/www.euronews.com\/business\/economy"}],"primaryTheme":{"id":72,"urlSafeValue":"economy","title":"Economy"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":12,"urlSafeValue":"asia","title":"Asia"},"country":{"id":311,"urlSafeValue":"china","title":"China","url":"\/news\/asia\/china"},"town":[],"grapeshot":"'gv_safe','gb_safe','gb_safe_from_high','gb_safe_from_high_med','pos_equinor','pos_facebook','pos_pmi','pos_ukraine-russia','gs_busfin','gs_busfin_economy','gs_economy','shadow9hu7_pos_ukrainecrisis','gs_economy_misc','gs_busfin_economy_housing','gs_business','gs_politics_issues_policy','gs_politics_misc','neg_tiktok_q1_2024_eng','gt_negative','neg_facebook_q4','neg_intel_en','neg_mobkoi_feb2021','mortgages_home_eng','gt_negative_fear'","versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"daletEventName":"BUSINESS CHINA ECONOMY TARGET","path":"\/business\/2024\/03\/05\/china-sets-economic-growth-target-of-around-5-but-says-it-wont-be-easy","lastModified":1709642041},{"id":2488880,"cid":8272800,"versionId":1,"archive":0,"housenumber":"240228_E3WB_54921383","owner":"euronews","isMagazine":0,"isBreakingNews":0,"channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"China's Belt and Road Initiative is bringing new risks to Europe","titleSeo":null,"titleListing1":"China's Belt and Road Initiative is bringing new risks to Europe","titleListing2":"Opinion | China\u2019s grand vision of the world-changing BRI may have not been realised, but something else is emerging in its wake \u2014 a powerful lever to bend authoritarian-leaning countries toward Chinese interests, Elaine Dezenski writes.","leadin":"China\u2019s grand vision of the world-changing BRI may have not been realised, but something else is emerging in its wake \u2014 a powerful lever to bend authoritarian-leaning countries toward Chinese interests, Elaine Dezenski writes.","summary":"China\u2019s grand vision of the world-changing BRI may have not been realised, but something else is emerging in its wake \u2014 a powerful lever to bend authoritarian-leaning countries toward Chinese interests, Elaine Dezenski writes.","keySentence":"","url":"chinas-belt-and-road-initiative-is-bringing-new-risks-to-europe","canonical":"https:\/\/www.euronews.com\/my-europe\/2024\/02\/28\/chinas-belt-and-road-initiative-is-bringing-new-risks-to-europe","masterCms":"v2","plainText":"Hungary was the first European country to sign on to China\u2019s trillion-euro Belt and Road Initiative.\u00a0With Italy leaving the Belt and Road, or BRI, last year, and others in Europe expressing concern about engagement with China, Budapest may also soon be one of the last remaining links of the BRI to Europe.\u00a0 \n\nBy all appearances, the BRI is in retreat, with Chinese infrastructure spending down around the world as Beijing deals with a troubling track record of BRI corruption, waste, debt distress, and failing projects.\u00a0 \n\nBut as the infrastructure and ambitions for the BRI fade, something more dangerous may be rising up to take its place\u00a0\u2014\u00a0an authoritarian alliance of security, surveillance, and repression that puts Europe at risk. \n\nA railway worth a thousand years od debt \n\nHungary exemplifies this shift. Like many BRI countries, Hungary signed up for a massive infrastructure project it both didn\u2019t need and couldn\u2019t afford.\u00a0 \n\nThe \u20ac3.8 billion Serbia-Hungary railway project, financed by Chinese loans under the BRI, is expected to be completed by 2025, but some estimates suggest that it will take a further 979 years\u00a0\u2014 or nearly a millennium\u00a0\u2014 for Hungary to break even on the project. \n\nHungary\u2019s BRI issues are not unique. As described in a new report on the BRI, \"Tightening the Belt or End of the Road\", many BRI projects around the world face serious challenges , from hydroelectric dams with thousands of cracks in Ecuador, to promised infrastructure that was never built in the Democratic Republic of the Congo, to massive debt distress in Zambia. \n\nBut despite the problems for host countries and the large portfolio of failing loans for China, Beijing has still been successful at building influence across authoritarian-leaning regimes, who are eager to follow the Chinese model of single-party state control and high-tech domestic repression.\u00a0 \n\nVenezuela, Ecuador, Bolivia, and Angola have all purchased AI-powered surveillance and facial recognition technology from China\u00a0\u2014 presumably to track or intimidate political opponents.\u00a0 \n\nOf 90 countries that could be categorised on a spectrum from \u201cclosed authoritarian\" to \"flawed democracies,\u201d China had sold its surveillance tech to 54 of them\u00a0\u2014 often under the banner of the BRI. \n\nNATO and the EU facing an existential crisis? \n\nHungary, a member of both the European Union and NATO that has been sliding deeper into authoritarianism over the past decade, is a perfect target for Beijing's security-based BRI aspirations \u2014 the export of political repression with Chinese characteristics. Viktor Orban\u2019s right-wing nationalist government seems an odd match for Communist China, but they share a commitment to what Orban has himself described as an intentionally \u201cilliberal state\u201d.\u00a0 \n\nFurthering their mutual interest in preventing domestic dissent, Beijing announced new bilateral cooperation between China and Hungary on \u201csecurity and law enforcement capacity building under the Belt and Road Initiative\u201d. \n\nThis new BRI security cooperation comes during a period where Hungary has been leveraging its position in European alliances to, water down or obstruct EU support for Ukraine, oppose EU efforts to criticise China for human rights abuses and impede and delay Sweden's attempts to join NATO.\u00a0 \n\nHungary\u2019s willingness to enter security arrangements with Xi Jinping and do the bidding of Vladimir Putin while, simultaneously, maintain membership in NATO and the EU is deeply troubling and presents an existential crisis for those alliances. \n\nOn top of that, Chinese economic integration in Hungary presents risks of its own. Already home to Europe\u2019s largest Huawei logistics and manufacturing base outside of China, China battery giant, CATL, has announced plans to build a \u20ac7.3bn plant near the Hungarian town of Debrecen\u00a0\u2014 allowing China to dominate electric vehicle supply chains from inside the EU.\u00a0 \n\nThis is similar to moves from other Chinese companies, like carmaker BYD, that are considering building factories in Mexico in an attempt to circumvent trade restrictions that would otherwise apply under the US-Mexico-Canada Free Trade Agreement. \n\nIt's time to wake up to the risk of overreliance on China \n\nAs the US and its allies have awoken to the risk of overreliance on Chinese supply lines, Hungarian officials are taking the opposite approach, going so far as to call de-risking suicidal.\u00a0 \n\nThis position, however, doesn\u2019t impact Hungary alone. The entire EU market is open to Chinese manipulations through the Hungarian economy, such as dumping of cheap goods to prop up the failing Chinese economy or undermining domestic European industries with subsidised competitors.\u00a0 \n\nAs German chemical giant BASF seeks to disengage from China\u2019s Xinjiang region, leaked documents indicate that China is planning to build a chemical hub in Hungary. \n\nChina\u2019s grand vision of the world-changing BRI may have not been realised, but something else is emerging in its wake\u00a0\u2014 a powerful lever to bend authoritarian-leaning countries toward Chinese interests.\u00a0 \n\nFor Hungary, this is detrimental to its citizens, its neighbours, and Europe as a whole. \n\nElaine Dezenski is senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies in Washington, DC. \n\nAt Euronews, we believe all views matter. Contact us at view@euronews.com to send pitches or submissions and be part of the conversation. \n\n","htmlText":"<p>Hungary was the first European country to sign on to China\u2019s trillion-euro Belt and Road Initiative.\u00a0With Italy leaving the Belt and Road, or BRI, last year, and others in Europe expressing concern about engagement with China, Budapest may also soon be one of the last remaining links of the BRI to Europe.\u00a0<\/p>\n<p>By all appearances, the BRI is in retreat, with Chinese infrastructure spending down around the world as Beijing deals with a troubling track record of BRI corruption, waste, debt distress, and failing projects.\u00a0<\/p>\n<p>But as the infrastructure and ambitions for the BRI fade, something more dangerous may be rising up to take its place\u00a0\u2014\u00a0an authoritarian alliance of security, surveillance, and repression that puts Europe at risk.<\/p>\n<h2>A railway worth a thousand years od debt<\/h2><p>Hungary exemplifies this shift. Like many BRI countries, Hungary signed up for a massive infrastructure project it both didn\u2019t need and couldn\u2019t afford.\u00a0<\/p>\n<p>The \u20ac3.8 billion Serbia-Hungary railway project, financed by Chinese loans under the BRI, is expected to be completed by 2025, but some estimates suggest that it will take a further 979 years\u00a0\u2014 or nearly a millennium\u00a0\u2014 for Hungary to break even on the project.<\/p>\n<p>Hungary\u2019s BRI issues are not unique. As described in a new report on the BRI, \"Tightening the Belt or End of the Road\", many BRI projects around the world <a href=https://www.euronews.com/"https:////www.fdd.org//analysis//2024//02//27//tightening-the-belt-or-end-of-the-road-chinas-bri-at-10///">face serious challenges<\/a>, from hydroelectric dams with thousands of cracks in Ecuador, to promised infrastructure that was never built in the Democratic Republic of the Congo, to massive debt distress in Zambia.<\/p>\n<div class=\"widget widget--type-quotation\n widget--size-fullwidth\n widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__content\">\n <blockquote class=\"widget__quote\">\n <span class=\"widget__quoteText\">Of 90 countries that could be categorised on a spectrum from \u201cclosed authoritarian&quot; to &quot;flawed democracies,\u201d China had sold its surveillance tech to 54 of them \u2014 often under the banner of the BRI.<\/span>\n <\/blockquote>\n <cite class=\"widget__author\">\n <\/cite>\n <\/div>\n <\/div>\n<\/div>\n\n\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6669921875\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//27//28//00//808x539_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg/" alt=\"People gather to buy charcoal at a busy market in Lusaka, July 2021\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/384x256_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/640x427_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/750x500_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/828x552_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/1080x720_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/1200x800_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/1920x1281_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">People gather to buy charcoal at a busy market in Lusaka, July 2021<\/span>\n <span class=\"widget__captionCredit\">AP Photo\/Tsvangirayi Mukwazhi<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>But despite the problems for host countries and the large portfolio of failing loans for China, Beijing has still been successful at building influence across authoritarian-leaning regimes, who are eager to follow the Chinese model of single-party state control and high-tech domestic repression.\u00a0<\/p>\n<div\n data-stories-id=\"8101778,7880218\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//business//2023//12//11//should-chinas-rapid-pace-in-the-space-race-prompt-concerns-in-europe/">Should China\u2019s rapid pace in the space race prompt concerns in Europe?<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//2023//09//08//italy-is-about-to-say-to-beijing-hit-the-road-xi/">Italy is about to say to Beijing, 'Hit the road, Xi'<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>Venezuela, Ecuador, Bolivia, and Angola have all purchased AI-powered surveillance and facial recognition technology from China\u00a0\u2014 presumably to track or intimidate political opponents.\u00a0<\/p>\n<p>Of 90 countries that could be categorised on a spectrum from \u201cclosed authoritarian\" to \"flawed democracies,\u201d China had sold its surveillance tech to 54 of them\u00a0\u2014 often under the banner of the BRI.<\/p>\n<h2>NATO and the EU facing an existential crisis?<\/h2><p>Hungary, a member of both the European Union and NATO that has been sliding deeper into authoritarianism over the past decade, is a perfect target for Beijing&#039;s security-based BRI aspirations \u2014 the export of political repression with Chinese characteristics. Viktor Orban\u2019s right-wing nationalist government seems an odd match for Communist China, but they share a commitment to what Orban has himself described as an intentionally \u201cilliberal state\u201d.\u00a0<\/p>\n<p>Furthering their mutual interest in preventing domestic dissent, Beijing announced new bilateral cooperation between China and Hungary on \u201csecurity and law enforcement capacity building under the Belt and Road Initiative\u201d.<\/p>\n<div class=\"widget widget--type-quotation\n widget--size-fullwidth\n widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__content\">\n <blockquote class=\"widget__quote\">\n <span class=\"widget__quoteText\">As the US and its allies have awoken to the risk of overreliance on Chinese supply lines, Hungarian officials are taking the opposite approach, going so far as to call de-risking suicidal.<\/span>\n <\/blockquote>\n <cite class=\"widget__author\">\n <\/cite>\n <\/div>\n <\/div>\n<\/div>\n\n\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.74609375\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//27//28//00//808x603_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg/" alt=\"Hungarian Prime Minister Viktor Orban and his Chinese counterpart Li Qiang during a welcome ceremony at the Great Hall of the People in Beijing, October 2023\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/384x287_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/640x478_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/750x560_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/828x618_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/1080x806_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/1200x895_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/1920x1433_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Hungarian Prime Minister Viktor Orban and his Chinese counterpart Li Qiang during a welcome ceremony at the Great Hall of the People in Beijing, October 2023<\/span>\n <span class=\"widget__captionCredit\">Liu Bin\/Xinhua via AP<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>This new BRI security cooperation comes during a period where Hungary has been leveraging its position in European alliances to, water down or obstruct EU support for Ukraine, oppose EU efforts to criticise China for human rights abuses and impede and delay Sweden&#039;s attempts to join NATO.\u00a0<\/p>\n<p>Hungary\u2019s willingness to enter security arrangements with Xi Jinping and do the bidding of Vladimir Putin while, simultaneously, maintain membership in NATO and the EU is deeply troubling and presents an existential crisis for those alliances.<\/p>\n<div\n data-stories-id=\"8258964,8159982\"\n data-event=\"widget_related\"\n class=\"widget widget--type-related widget--size-fullwidth widget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <ul class=\"widget__related_list\"><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//2024//01//09//kleptocrats-in-democracys-clothing-beijing-and-moscow-talk-anti-corruption-at-the-un/">Kleptocrats in democracy\u2019s clothing: Beijing and Moscow talk anti-corruption at the UN<\/a> <\/li><li class=\"widget__related_listItem\"> <a href=https://www.euronews.com/"https:////www.euronews.com//next//2024//02//22//faced-with-china-central-europes-automotive-sector-is-playing-catchup/">Faced with China, Central Europe\u2019s automotive sector is playing catchup<\/a> <\/li><\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>On top of that, Chinese economic integration in Hungary presents risks of its own. Already home to Europe\u2019s largest Huawei logistics and manufacturing base outside of China, China battery giant, CATL, has announced plans to build a \u20ac7.3bn plant near the Hungarian town of Debrecen\u00a0\u2014 allowing China to dominate electric vehicle supply chains from inside the EU.\u00a0<\/p>\n<p>This is similar to moves from other Chinese companies, like carmaker BYD, that are considering building factories in Mexico in an attempt to circumvent trade restrictions that would otherwise apply under the US-Mexico-Canada Free Trade Agreement.<\/p>\n<h2>It's time to wake up to the risk of overreliance on China<\/h2><p>As the US and its allies have awoken to the risk of overreliance on Chinese supply lines, Hungarian officials are taking the opposite approach, going so far as to call de-risking suicidal.\u00a0<\/p>\n<p>This position, however, doesn\u2019t impact Hungary alone. The entire EU market is open to Chinese manipulations through the Hungarian economy, such as dumping of cheap goods to prop up the failing Chinese economy or undermining domestic European industries with subsidised competitors.\u00a0<\/p>\n<p>As German chemical giant BASF seeks to disengage from China\u2019s Xinjiang region, leaked documents indicate that China is planning to build a chemical hub in Hungary.<\/p>\n<p>China\u2019s grand vision of the world-changing BRI may have not been realised, but something else is emerging in its wake\u00a0\u2014 a powerful lever to bend authoritarian-leaning countries toward Chinese interests.\u00a0<\/p>\n<p>For Hungary, this is detrimental to its citizens, its neighbours, and Europe as a whole.<\/p>\n<p><em>Elaine Dezenski is senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies in Washington, DC.<\/em><\/p>\n<p><em>At Euronews, we believe all views matter. Contact us at <a href=https://www.euronews.com/news/asia/\"mailto:view@euronews.com\">view@euronews.com to send pitches or submissions and be part of the conversation.<\/em><\/p>\n","hashtag":null,"createdAt":1709120979,"updatedAt":1709143665,"publishedAt":1709143646,"firstPublishedAt":1709139282,"lastPublishedAt":1709143665,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"AP Photo\/Euronews","altText":"A Chinese paramilitary policeman stands guard at the entrance to the European Union Delegation to China compound in Beijing, October 2023","callToActionText":null,"width":1600,"caption":"A Chinese paramilitary policeman stands guard at the entrance to the European Union Delegation to China compound in Beijing, October 2023","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/{{w}}x{{h}}_cmsv2_1fcfb765-f0c2-5672-893a-63df9142c059-8272800.jpg","captionUrl":null,"height":900},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"AP Photo\/Tsvangirayi Mukwazhi","altText":"People gather to buy charcoal at a busy market in Lusaka, July 2021","callToActionText":null,"width":1024,"caption":"People gather to buy charcoal at a busy market in Lusaka, July 2021","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/{{w}}x{{h}}_cmsv2_c5dea5e8-ae45-5186-aa19-7e77018e5277-8272800.jpg","captionUrl":null,"height":683},{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Liu Bin\/Xinhua via AP","altText":"Hungarian Prime Minister Viktor Orban and his Chinese counterpart Li Qiang during a welcome ceremony at the Great Hall of the People in Beijing, October 2023","callToActionText":null,"width":1024,"caption":"Hungarian Prime Minister Viktor Orban and his Chinese counterpart Li Qiang during a welcome ceremony at the Great Hall of the People in Beijing, October 2023","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/27\/28\/00\/{{w}}x{{h}}_cmsv2_fcc09f73-1a02-5778-8460-f9d309c7aced-8272800.jpg","captionUrl":null,"height":764}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"eu-china","titleRaw":"EU-China","id":99,"title":"EU-China","slug":"eu-china"},{"urlSafeValue":"china","titleRaw":"China","id":311,"title":"China","slug":"china"},{"urlSafeValue":"chinese-politics","titleRaw":"Chinese politics","id":9339,"title":"Chinese politics","slug":"chinese-politics"},{"urlSafeValue":"nouvelle-route-de-la-soie","titleRaw":"Belt and Road Initiative","id":26396,"title":"Belt and Road Initiative","slug":"nouvelle-route-de-la-soie"},{"urlSafeValue":"european-union","titleRaw":"European Union","id":105,"title":"European Union","slug":"european-union"},{"urlSafeValue":"euroviews","titleRaw":"Euroviews","id":22480,"title":"Euroviews","slug":"euroviews"}],"widgets":[{"count":2,"slug":"image"},{"count":2,"slug":"quotation"},{"count":2,"slug":"related"}],"related":[],"technicalTags":[],"externalPartners":[],"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":"","additionalReporting":"Elaine Dezenski","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"europe-news","urlSafeValue":"europe-news","title":"Europe News","online":1,"url":"\/\/www.euronews.com\/my-europe\/europe-news\/europe-news"},"vertical":"my-europe","verticals":[{"urlSafeValue":"my-europe","id":2,"title":"My Europe","slug":"my-europe"}],"primaryVertical":{"id":2,"slug":"my-europe","urlSafeValue":"my-europe","title":"My 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