Industry

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components

India to produce 6 million chips daily with new semiconductor unit in Gujarat

The chips produced here will serve various industries, including automotive, electric vehicles, consumer electronics

China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024

For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion

China’s industrial companies achieve $575.1 billion in profits in first seven months

The country’s major firms reported 4.1 percent profit increase in July alone

Vietnam ports’ cargo volume soars 16 percent to 501.117 million tons, TEUs reach 16.902 million in first seven months

Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July

Switzerland’s industrial production up 7.3 percent on manufacturing and construction

This growth rate represents the largest increase since the first quarter of 2021

South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones

Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion

South Korea’s automotive exports down 9.1 percent, still hit $5.4 billion in July 2024

Hybrid vehicle sales surged by 56.6 percent year-on-year, reaching $980 million

China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds

The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period

South Korea’s industrial output declines 0.1 percent in June, retail sales and facility investment rebound

The construction sector and public administration saw declines of 0.3 percent and 5.1 percent respectively