TikTok parent company ByteDance has no plans to sell its popular entertainment app despite threats from the US Congress. ByteDance founder and main shareholder Zhang Yiming firmly rejects a sale, the business Caixin magazine reported, citing insiders. TikTok is not currently looking for potential buyers because there will be no sale, a person close to […]
Reinhard Buetikofer is the EU Parliament’s designated China expert. However, this June, the Green Party member will no longer be a candidate in the European elections. In today’s interview with Amelie Richter, he is now campaigning for more unity between EU member states on China policy matters like drafting economic instruments.Unity was crucial when it […]
The Ministry of Ecology and Environment is preparing to include aluminium in China’s emissions trading system (ETS). According to Chinese media reports, it has published draft guidelines for monitoring, reporting and reviewing carbon emissions from the aluminium smelting sector. Accordingly, the electrolytic aluminium sub-sector will soon be included in the ETS. It is the most […]
China’s largest grid operator, State Grid, has started the construction of two major infrastructure projects for the energy transition. The two projects are linked and have a total investment volume of 28 billion yuan (3.9 billion US dollars). According to the business magazine Caixin, citing state media, the project integrates a pumped storage hydropower plant […]
China’s State Council has published a 24-point action plan to further open up the Chinese market to foreign companies. It calls on local authorities and government agencies to draw up roadmaps for allowing foreign investment in more sectors. Among other things, the plan allows Beijing, Shanghai, Guangdong and other free trade zones to choose several […]
In 2014, exactly ten years ago, young Taiwanese stormed the parliament building in Taipei in protest against a services trade agreement with China. They stayed in the plenary chamber for three weeks until the ruling Kuomintang party called off the proposed legislation. Many people took to the streets in support of the protest, dubbed the […]
US chip manufacturer Nvidia is expanding its partnership with the Chinese electric car market leader BYD. The cooperation will include automotive production, in-car computing and AI training in the future, Nvidia announced. To this end, BYD will utilize the latest generation of Nvidia’s Drive Thor chip platform, which is also suitable for autonomous driving. BYD […]
The Chinese government wants to establish a local supply chain for electric vehicles with the help of political support. This was reported by Nikkei Asia, citing statements made at the annual China EV100 Forum in Beijing. Zheng Shanjie, director of the National Development and Reform Commission, which oversees economic policy, said at the event that […]
China’s rise to become the most influential power on the African continent was long considered unstoppable. The People’s Republic invested and traded with the countries of Africa. But now, the African Union (AU) is rebelling against the People’s Republic – it has banned the donkey skin trade. Their export had recently increased sharply. As Fabian […]
China has started testing an AI chatbot for brain surgeons in hospitals. As Bloomberg reports, the Hong Kong-based Center for Artificial Intelligence and Robotics, an institution of the Chinese Academy of Sciences, has unveiled the AI bot called CARES Copilot 1.0. It is based on the open-source language model Llama 2.0 by the US company […]
