Less than a week before the virtual climate summit of 17 states organized by US President Joe Biden, the preliminary talks are in full swing. On Friday, China’s President Xi Jinping spoke on the phone with German Chancellor Angela Merkel and French President Emmanuel Macron. At the same time, US climate envoy John Kerry was […]
China may be distributing too many emission allowances for its new emissions trading system. According to a new study, a surplus of these allowances will cause the price of CO2 emissions to crash to zero. Too low a baseline for the efficiency of participating coal-fired power plants will lead to a surplus of pollution allowances, […]
Alibaba was just the beginning. On Tuesday, the three main regulators for the technology sector summoned 34 of China’s largest internet companies for a shake-down – warnings included. No mercy will be shown for misconduct, officials told market giants such as Tencent, Meituan, and Bytedance. The companies were asked to review and adjust their business […]
Alibaba already had to accept a hefty fine for violating the anti-monopoly law (China.Table reported) these days. On Monday, the second strike against the world’s largest online trading platform followed: Beijing ordered the conversion of Alibaba’s financial arm Ant Financial into a normal financial holding company. This means that in the future, Ant Financial will […]
Electric start-up Xpeng has announced the construction of a third factory for electric cars. The planned plant in the central Chinese city of Wuhan is to have an annual capacity of 100,000 EVs, also produce powertrains and have a development laboratory, as Xpeng recently announced. To this end, the company is cooperating with the provincial […]
Technology groups have been pushing into electromobility in China for some time. Companies like Baidu, Alibaba, and Tencent are offering billions in capital and some know-how for the connected car of the future. What’s new is that tech companies now want to build entire cars themselves. The successful smartphone manufacturer Xiaomi just announced that it […]
India does not really engage in alliances. The decisions taken at the recent video summit of the four countries of the Quadrilateral Security Dialogue – Quad for short – were, therefore, already a special step for New Delhi. In mid-March, India, the US, Japan, and Australia agreed to jointly manufacture and distribute more than one […]
China is making progress on the design of its new Emissions Trading System. This week, the Ministry of Ecology and Environment issued more concrete regulations for the new system, as well as regulations for emissions reporting by participating state-owned companies. Both indicate that the system is now showing some teeth. From now on, the regulation […]
The frigate “Bayern” will set off from Wilhelmshaven for the Far East in August. On the voyage, the ship is to pass through the South China Sea. In February, France had sent a nuclear submarine to the region and held maneuvers there with the US and Japan. Britain plans to send the aircraft carrier HMS […]
Things haven’t been running smoothly between Sweden and China for a long time. The saga of a small Swedish-Chinese publisher imprisoned in China poisoned relations. The Chinese ambassador in Stockholm was a constant critic of Sweden’s media. And then, in October 2020, Sweden barred Chinese telecom equipment suppliers Huawei and ZTE from building 5G networks. […]
