Things turned out well in the end. The shares of Swedish carmaker Volvo grew by about 22 percent on Friday at its stock market debut in Stockholm. That wasn’t necessarily certain after a few stumbling blocks paved the way to the stock exchange floor. Investors criticized that the share price was too high and that […]
Three days before the start of the UN Climate Change Conference COP26 in Glasgow, China has become the 13th of just over 190 countries to submit its revised climate targets to the United Nations, known as Nationally Determined Contributions (NDCs). China’s NDCs consist of the previously announced 30/60 targets: A peak of greenhouse gas emissions […]
Harvest season is dry season: Farmers in the village of Butangkou in the province of Jiangxi arrange fruits of the camellia tree (Camellia Oleifera) in a traditional spiral shape for drying. The seeds, which contain a lot of oil, are then extracted from the fruits. Camellia oil is used in Asia in nutrition, as well […]
China is resorting to increasingly drastic measures in fear of a new Covid wave. On Tuesday, authorities quarantined an entire city: The four million citizens of Lanzhou on the Yellow River in northwestern China are only allowed to leave their apartment complexes in emergencies or to buy food, the city government explained. Entrances and exits […]
We kick off today’s issue with some good news for all those who want to enter China. The German Chamber of Commerce AHK has organized four additional charter flights from Frankfurt to Qingdao. The first will take off in just under a month, on November 24. Further details as well as a link to the […]
The German Chamber of Commerce in China (AHK) is launching several charter flights to China. Starting on November 24, four flights will take off from Frankfurt am Main to Qingdao. The second flight will be on December 15, the third on January 5, 2022, and the last for now on January 26. As with past […]
China’s power crisis is spreading further and further. Now the world is running out of non-ferrous metal magnesium, as two Chinese provinces have either halted or reduced production till the end of the year to meet their power-saving targets. The production of magnesium is especially suited for this measure, as the extraction of magnesium demands […]
Will Xi Jinping travel to Glasgow or not? Over the weekend, British newspapers reported that the Chinese president will not attend the UN Climate Change Conference COP26 in person. But according to Xi’s climate envoy Xie Zhenhua, the decision was still open on Tuesday: “We are still waiting for information from the foreign ministry,” South […]
China’s economy is currently dominated by two major issues: the power shortage and the crisis surrounding the stumbling real estate giant Evergrande. After we looked at the power crisis in yesterday’s issue, we now turn to the latest on Evergrande. Finn Mayer-Kuckuk analyzes Beijing’s search for ways to tackle the problems at Evergrande without severely […]
The United Nations Convention on Biological Diversity (COP15) has issued a preliminary document on the protection of global biodiversity. The “Kunming Declaration”, which has so far been rather vague, contains above all the goal of placing 30 percent of land and marine areas under protection by 2030. “Many states” had called for this. A “combination […]
