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Economy

According to the WTO - World Trade Organization - the outlook for an early recovery in world trade has improved following a faster-than-expected expansion of merchandise trade in the second half of last year. According to new WTO estimates, the volume of world merchandise trade is forecast to increase by 8.0% in 2021 after declining by as much as 5.3% in 2020, continuing the recovery from the pandemic-induced collapse from the lows recorded in the second quarter of 2020.

Economy

EurochinaBridge China, getting closer to its digital currency

Liu started 2021 on the right foot. Just before the lunar New Year holidays, the 30-year-old administrative worker participated in a raffle organized by a mobile application of the government of her city, Suzhou, in southeastern China. He earned 200 yuan (about 26 euros). The novelty? That money does not exist on paper, but only as electronic code. They were digital yuan, the currency with which China aspires to become the first country with an official cryptocurrency in circulation, in a step that could revolutionize the use of money and monetary policies.

Economy

EurochinaBridge China continues to buy companies in Europe depite the general slowdown

The pandemic brought the world economy to an unparalleled halt in 2020. As the first country to report the outbreak, China was also the first to feel its impact, experiencing a major economic recession as early as the first half of 2020.

Last year, China's announced mergers and acquisitions ended up being almost a third lower than in 2019. This rapid slowdown seemed even worse than the global trend of mergers and acquisitions (M&A) which fell only 10% in 2020, according to the Investment Trends Index of UNCTAD (United Nations Conference on Trade and Development).

Labor

EurochinaBridge Huawei enters the automotive sector

Electric vehicles are Huawei's next big step. The Chinese company presented this weekend in collaboration with the automobile company BAIC Group its first electric car, the Arcfox Alpha S. An electric vehicle that is based on the HarmonyOS autonomous driving platform and integrates different components created by Huawei.

Environment

EurochinaBridge China and the US pledge to cooperate in the fight against climate change

Amid the widespread tensions in the relationship between the United States and China, a ray of light has emerged. Both countries have declared themselves “committed to collaborating” in the fight against climate change, both within the Paris Agreement and on other fronts. The announcement, after three days of talks between US climate envoy John Kerry and his Chinese counterparts in Shanghai, comes as China and the US remain at odds over issues such as human rights in the Xinjiang region and Hong Kong. Peking's pressure on Taiwan or its technological war.

Culture

EurochinaBridge China begins to dominate the global box office

After a time in which the box office bombings on the back of Marvel were happening year after year, something that peaked with Avengers: Endgame, the coronavirus, like so many other things, changed the box office.

The discreet results of the only films that have dared to test the pulse of theaters during the pandemic (Some head-on like Tenet, and others with one foot on streaming like Wonder Woman 1984 or Mulan), do not seem to predict that 2021 change this. With drama for the studios but, above all, for the small exhibitors, many of them doomed to closure.

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