China’s big corporations increasingly rely on large-scale sports sponsorship to raise their global profile. More and more of them are ready to put big money on the tables of football associations such as UEFA and FIFA or the International Olympic Committee (IOC). These companies are highly successful in global competition, and many are market leaders. […]
Following Swiss solar manufacturer Meyer Burger, German photovoltaics manufacturer Solarwatt has warned of a production shutdown without political support. “If nothing happens, we will have to think about what to do with our production,” Solarwatt CEO Detlef Neuhaus told German business newspaper Handelsblatt. A decision would have to be made by the end of the […]
China will not recover from its economic slump any time soon. The People’s Republic remains below its growth potential due to political decisions. This was the general message of the webinar “Prospects of the Chinese economy: short malady or fundamental slow-down?” from the Global China Conversations series of the Kiel Institute for the World Economy. […]
China has resumed voluntary trading in CO2 credits (Chinese Certified Emissions Reductions/CCER). The revised CCER system allows any company to purchase carbon credits – not just the energy companies currently participating in China’s emissions trading system (ETS). According to a conservative estimate by local investment bank Minsheng Securities, the CCER spot market could reach a […]
European companies collaborate with Chinese firms and file joint patents for their developments. Especially in telecommunications, information technology, and electronics, such co-patents exist, as revealed by a recent study of the EU project Reconnect China. This program aims to determine in which areas collaboration between the European Union and China is “desirable, possible or impossible”.The […]
China has resumed voluntary trading in carbon credits (Chinese Certified Emissions Reductions/CCER). The revised CCER system allows any company to purchase carbon credits – not just the energy companies currently participating in China’s emissions trading system (ETS).Initially, only credits for projects approved before 2017 can be traded at the China Beijing Green Exchange, as Bloomberg […]
Europe is currently debating about Chinese electric cars. Are we facing an import tsunami? Do we have to defend ourselves – and if so, with what? The EU has launched an anti-subsidy investigation, which could ultimately result in punitive tariffs. Chinese manufacturers are not pleased. But they want to tap into the European market regardless.Chery […]
China has issued the first series of licenses for the production and sale of genetically modified maize and soybean varieties. The Ministry of Agriculture has thus paved the way for the commercialization of these crops, the business magazine Caixin reported on Friday. In total, licenses have now been granted for the production of seeds for […]
Ukraine seeks to arrange a direct dialogue channel between President Volodymyr Zelenskiy and Xi Jinping. “There are things that they can talk about,” Foreign Minister Kuleba told Bloomberg at the World Economic Forum in Davos. These would include, above all, Zelenskiy’s plans for a high-level peace conference in Switzerland this year. On Monday, the Ukrainian […]
Premier Li Qiang has surprisingly revealed the economic data for 2023 at the World Economic Forum in Davos. The second-largest economy grew by “around 5.2 percent” in 2023, Li said in his keynote speech. China had thus exceeded its growth target set in the spring. Above all, it was well above the three percent of […]
