The Sunday Mail
Pelosi Visits Taiwan
US House of Representatives Speaker Nancy Pelosi and her delegation arrived in Taiwan late on Tuesday stating that the visit aimed to show “America’s unwavering commitment to supporting Taiwan’s vibrant democracy”. China’s Ministry of Foreign Affairs issued a statement calling the trip “a serious violation of the one-China principle and the provisions of the three China-US joint communiqués, which has a severe impact on the political foundation of China-US relations, and seriously infringes upon China’s sovereignty and territorial integrity and gravely undermines peace and stability across the Taiwan Strait.”
China Conducts Military Exercises Around Taiwan Island
Following Speaker of US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan, the Eastern Theatre Command of China’s People’s Liberation Army (PLA) conducted training exercises in the northern, south-western, and south-eastern waters and airspace off the Taiwan Island. The exercises involved troops from the Navy, Air Force, Rocket Force, Strategic Support Force and Logistic Support Force under the Eastern Theatre Command. The exercises focused on key training sessions including joint blockade, sea target assault, strike on ground targets, and airspace control operations. Tan Kefei, spokesperson of China’s Ministry of National Defence, condemned the visit and said “China’s armed forces will deliver what it says”.
BYD New-Energy Vehicle Sales Up
China’s leading New-Energy Vehicle (NEV) manufacturer BYD saw surging NEV sales growth in the first seven months of 2022 amid a market boom. In a filing with the Shenzhen Stock Exchange on Wednesday night, the Shenzhen-based company said its sales of NEVs, including pure electric vehicles and plug-in hybrid electric vehicles, surged 292 percent year-on-year to 803 880 units in the January-July period. In July alone, it sold 162 530 units, compared with 50 492 units in the same month a year ago. BYD has ceased the production of traditional gasoline-powered vehicles since March.
China-Europe Freight Train Services Grow
China-Europe freight train services saw robust growth in July, according to data released by China State Railway Group on Tuesday. The number of China-Europe freight train trips surged by 11 percent year-on-year to hit a record 1 517 last month. The freight trains handled 149 000 20-foot equivalent units of goods, up 12 percent from a year ago. During the first seven months, the number of China-Europe freight train trips rose 3 percent year-on-year to 8 990. The trains transported a total of 869 000 20-foot equivalent units of goods, an increase of 4 percent from a year ago.
Shenzhen Allows Fully Autonomous Vehicles
The southern Chinese metropolis of Shenzhen started allowing fully autonomous vehicles to run on certain roads as a local regulation on smart and internet-connected vehicles went into effect on Monday. It stipulates that fully autonomous automobiles without drivers can run on roads in areas designated by the local traffic management department. The regulation also sets rules for liability in car accidents that involve autonomous vehicles with or without drivers. Shenzhen-based autonomous driving start-up DeepRoute.ai conducted road testing in downtown Shenzhen. One driverless car of the company finished a trip of 9,6 km in about half an hour.
- Manyika Kangai helps African businesses realise the full potential of the vast opportunities China presents. He has over 15 years of experience facilitating and advising on China-Africa trade and investment deals. Feedback: +27743487997/ www.muvambi-sa.co.za