The Belt and Road Initiative (BRI), once shadowed by international concerns over China’s overseas expansion, is now entering phase 2.0 amid the intensifying US-China trade war and global supply chain restructuring. Chinese President Xi Jinping has recently made frequent visits to Southeast Asia, with his state visit to Malaysia opening doors for the Commercial Aircraft Corporation of China (COMAC) to enter the ASEAN market.

As the China International Machine Tool Show (CIMT 2025) commences on April 21 in Beijing, Taiwanese machine tool manufacturers are making a concerted push to secure new orders in the world’s largest machine tool market. Following significant challenges caused by increased tariffs imposed by the US, a key export destination, the Taiwanese machine tool industry is redirecting its focus toward China. This shift reflects a strategic reevaluation of global market priorities within the sector.

Goertek Inc., headquartered in Shenzhen, published its first-quarter 2025 earnings on April 21, reporting sharp revenue declines both annually and sequentially. Despite this, the company achieved solid profit growth, driven by increased R&D spending and improved financial cost management.