Like us in the West, the Chinese set out in the new lunar year with new hopes and resolutions. However, the new Dragon Year does not bode well for people’s wallets. The tense economic situation increasingly weighs the income of the middle class. In 38 major cities, average incomes fell in the fourth quarter of […]
Indonesia has named two Chinese citizens as suspects in the fire that killed 21 people at a nickel smelter on Sulawesi Island. The fire broke out on Dec. 24 at a smelting facility operated by Indonesia Tsingshan Stainless Steel (ITSS) in the Indonesia Morowali Industrial Park. ITSS is a subsidiary of the Chinese Tsingshan Group, […]
The German automotive supplier and technology group ZF from Friedrichshafen has received the approval for level 4 autonomous driving tests in Shanghai. ZF can now carry out tests on the open road in the designated city zones – making it the first foreign supplier to receive such a license in Shanghai. ZF confirmed a corresponding […]
We wish you a good start to the new year of the Chinese lunar calendar, this year under the sign of the dragon. The zodiac sign is accompanied by an element, this year it is wood (甲, jia). The wooden dragon is associated with being down-to-earth, but also with knowledge and research, creativity and sociability. […]
Over the weekend, Chinese people around the world welcomed the New Year of the Dragon with fireworks, firecrackers, dancing dragons in the street and family celebrations. According to legend, the fireworks are supposed to ward off evil spirits and, in particular, scare away the mythical monster Nian, which supposedly rose from the bottom of the […]
Chinese manufacturers of turbines for offshore wind farms have suffered dramatic decline in profits due to a weak phase in the segment. China’s third-largest turbine manufacturer, Mingyang Smart Energy, reported a decline in net profit for 2023 of almost 90 percent to between 354 and 530 million yuan (46-69 million euros) compared to 2022. Shanghai […]
The organizer of a football match in Hong Kong, where Lionel Messi sat on the bench instead of impressing fans on the pitch, will refund fans half of their ticket price, totaling around 7.2 million US dollars. This was the response of lifestyle company Tatler Asia to an outcry in the local government on Friday. […]
At the first monthly meeting of the new year, the Politburo was still unable to agree on a date for the important Third Plenum of the Central Committee, which will set the course for economic policy over the next five years. This means that the economic course for 2024 has still not been set. According […]
Europe’s solar panel manufacturing industry has urged the European Union to step in with emergency measures to avoid local firms shutting down under price pressure from Chinese imports. “Over the next 4-8 weeks, major EU PV module producers and their European suppliers are poised to shut down manufacturing lines unless substantial emergency measures are promptly […]
China’s People’s Liberation Army can’t catch a break. Following purges in the country’s Rocket Forces division, the head of missile research, Wang Xiaojun, has now also been dismissed. As Bloomberg reported on Tuesday, the Chinese People’s Political Consultative Conference (CPPCC) has expelled Wang. This is usually followed by expulsion from the Communist Party and criminal […]
