China is contemplating addressing its domestic real estate crisis by having regional governments purchase unsold apartments, according to a media report. The State Council is currently gathering feedback from various provinces and government agencies on these considerations, reported Bloomberg, citing people familiar with the matter.Earlier, the leadership of the ruling Communist Party called for reducing […]
A confrontation between China and the Philippines is brewing in the South China Sea. In protest against Chinese territorial claims, a fleet of around 100 boats carrying Filipino activists and fishermen has set off towards the disputed Scarborough Shoal. The government in Manila has deployed three Coast Guard ships to escort the convoy.The convoy is […]
China is threatening again. A few days before the inauguration of Taiwan’s new President Lai Ching-te, China has once again sent People’s Liberation Army fighter jets near the island, according to Taiwan’s Ministry of National Defense. Within 24 hours, the intrusion of 45 aircraft was recorded, marking the highest number of fighter jets this year. […]
Dirk Jandura, President of the German Association of Wholesale, Foreign Trade, Services (BGA), cautions against protectionist steps by the EU in response to the US’s announced tariff hikes on many Chinese products. “Market participants, consumers, and companies alike would be the losers,” he told the newspapers of the Redaktionsnetzwerk Deutschland (RND). “In the end, everything […]
China knows how to build bridges. With the longest, highest and most bridges, Chinese engineers have proven this abundantly. Now, however, they are also supposed to be beautiful. Since Tuesday, this elegantly curved structure has connected the two sides of the industrial metropolis of Huizhou over the Dongjiang River. Or is it just the perspective […]
Joakim Johansson took over the position of Commissioning Director Liancheng China at Andritz in April. The machine and plant engineering company headquartered in Graz is cooperating with the Chinese paper and pulp producer Liansheng Pulp & Paper for a new pulp mill in Zhangzhou in the province of Fujian. Pia Senger has been Head of […]
Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week. Country Garden, which defaulted on 11 billion US dollars of offshore bonds and extended other onshore bond repayments late last year, said on […]
The United States had objected to an IPO of the fashion mail order company Shein in New York: There was suspicion of forced labor. According to insiders, the Chinese low-cost fashion specialist is now stepping up its efforts to be listed in London. Several people familiar with the matter said that the online retailer, known […]
According to inside reports, US President Joe Biden could impose new tariffs on EVs and other Chinese goods next week. The Wall Street Journal reported on Friday that Biden intends to almost quadruple the tariffs on Chinese e-vehicles from 27.5 percent to around 100 percent. There were no initial statements from the governments in Washington […]
The Chinese EV manufacturer BYD is considering building a second assembly plant in Europe. At an event in London, Europe head Michael Shu said that this would be a topic for the coming year. BYD aims to be a leading EV brand in Europe by the end of the decade. One reason for the move […]
