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As the industry now grapples with overcapacity and high inventories, the government has released stricter subsidy rules to press automakers and battery manufacturers to upgrade technology and push forward the NEV industry.

As the importance of the RCEP continues to grow in light of the ongoing COVID-19 pandemic, involved parties share the view that signing the agreement will serve as a clear signal of their unwavering support for the multilateral trading system, regional integration as well as economic development across the region, according to a statement jointly released by participating countries after the virtual 10th (RCEP) Inter-sessional Ministerial Meeting held last week.

As the trade and tariff standoff simmers between the US and China, a divide is growing over the geopolitics of technology, and in particular, over one company: Huawei Technologies Co Ltd.

As the world's second-largest economy, China is at the forefront globally in several areas, especially in the digital field, leading and promoting global innovation.

As the craft declines, survival becomes a growing challenge for Sakhi and his family.