This week bears good news for climate change mitigation from China. A group of renowned energy analysts has found, based on Beijing’s ambitious renewable energy expansion programs, that China could reach the peak of its carbon emissions earlier than envisaged in its own climate targets. Instead of 2030, the peak could already be reached in […]
The US Department of Justice wants to force casino mogul Steve Wynn to register as a lobbyist for the Chinese government. Wynn had spoken with then-US President Donald Trump in 2017 “at the request” of Chinese authorities about possible extradition of exiled businessman Guo Wengui, the ministry said on Tuesday. It consequently filed a lawsuit […]
China apparently is considering an extension of expiring EV subsidies. Authorities are currently in talks with carmakers on the matter, Reuters reported on Wednesday, citing three anonymous sources. Keeping the expensive subsidies, which were supposed to end in 2023, is intended to support the segment’s growth despite the general economic downturn, the sources said. Reuters […]
Between May 20 and 24, Biden has several state visits scheduled during his Asia trip. First, he will visit allies South Korea and Japan. There, in addition to security issues, Biden is expected to flesh out his administration’s economic agenda for the Indo-Pacific region. Xi Jinping is likely to keep a close eye on the […]
In 2021, the rest of the world suffered under the Covid pandemic, while China was already recovering. But now the tables have turned. Many countries have begun to lift their measures, while China sinks into the Omicron wave. The economy suffers under the lockdowns, and there is a lot of uncertainty. China may be the […]
Beijing citizens celebrate in fantastic May weather on what may be the last days before a lockdown. So far, many citizens have been left guessing if and when the lockdowns will come, as our Beijing team reports. But as always, the people of Beijing adapt quickly to the measures: Restaurants, for example, are simply putting […]
Matthias Luettich is the new Head of Production System, Operational Excellence and Digitalization at the BMW Brilliance Automotive joint venture in Shenyang. This is already his second position at BMW Brilliance. From 2016 to 2020, Luettich was Head of Strategy & Business Control. In the meantime, he worked at the BMW Group in Munich as […]
Tesla has selected the site for its planned construction of a second production line in Shanghai, near its existing Gigafactory 3. This was reported by the South China Morning Post on Wednesday, citing a letter from the US electric carmaker to local authorities. In it, Tesla spoke of an annual capacity for the new assembly […]
They’re back: The infamous cargo ship jams that have repeatedly disrupted global supply chains since the pandemic began have reappeared off China’s coasts. Last Wednesday, 230 ships anchored at the shared roadstead off the ports of Shanghai and Ningbo, according to data compiled by Bloomberg. On Thursday, ship tracking website Vesselfinder already classified 296 ships […]
Tens of thousands of beds for isolation wards, regular Covid tests for 25 million people, barriers, controls – not to mention lost tax revenue caused by all the business closures: The cost of zero Covid for China’s municipalities is enormous. Only a handful of economic sectors in Shanghai currently operate halfway efficiently. The port, for […]
