Mercedes sold noticeably fewer cars in the second quarter, particularly in its most important foreign market, China, and consequently recorded a significant drop in profits. Sales in the People’s Republic fell by six percent year-on-year, while the company’s net profit fell by 15.9 percent to 3.06 billion euros, the German manufacturer announced.Nevertheless, China remains an […]
Chongqing, a city home to ten million people, is also known as the “Furnace City” due to its location in the basin and the extreme heat that builds up in summer. With temperatures of over 40 degrees, extreme humidity and hardly any wind, citizens used to hide away in caves in the mountainous city to […]
German Chancellor Olaf Scholz has called for China to be denied the rights of a developing country within the World Trade Organization (WTO). At his summer press conference in Berlin on Wednesday, Scholz acknowledged that China has many impoverished people. However, he noted that the country is also a very successful industrial nation.Currently, the Beijing […]
The sports car manufacturer Porsche is preparing for continued headwinds in China, in addition to supply shortages of aluminum parts. As a result, the company is increasingly focusing on new combustion engine models. Porsche CEO Oliver Blume stated on Wednesday, while presenting the first half-year financial results, that the business in China will remain challenging […]
Following months of delays and regulatory challenges, Boeing has recommenced deliveries of the 737 MAX to China. The recent delays were due to a Chinese inspection of the cockpit voice recorder batteries. The resumption of these deliveries is a critical milestone for Boeing, which has been grappling with safety concerns, loss of market share and […]
The Olympic Games in Paris have not yet started. However, these swans on a lake in Suqian, Jiangsu Province, are already practicing synchronized swimming. Normally, most swans are solitary creatures. But when a lake becomes crowded and the population large, they can become more sociable and form colonies.
Tanja Eckstein has been HR & Admin Assistant at the Bank of China in Frankfurt since July. Eckstein studied Sinology in Beijing and completed a Master’s degree in China Business and Economics in Wuerzburg. Before joining the Bank of China, she was a Research Fellow at the IN-EAST Institute of East Asian Studies in Duisburg.Wu […]
Hamas, Fatah, and twelve other Palestinian organizations have found a common line – and China apparently brokered this accord. A remarkable success for Beijing, writes Michael Radunski in his analysis. If the “Beijing Declaration” holds, it could also have far-reaching global repercussions: China is clearly gaining more and more prestige and influence as a mediator […]
French luxury brand Louis Vuitton has long wanted to offer more than just fashion and leather goods: jewelry, watches, perfume. Since the merger with spirits manufacturer Moët Hennessy in the 1980s, LVMH has also offered champagne and brandy. So why not chocolate?Consequently, the company has opened its first chocolate boutique in Shanghai. The chocolates and […]
Sakti Ranjan Ghatuari has been Head of Body Electronics and Systems at Zeekr Technology Europe since June. He has worked for the Chinese car manufacturer for four years and was Senior Lead Engineer for Mercedes in India prior to that. Ghatuari is based in Gothenburg.Hao Yu has been Project Director China at Axinom since July. […]
