The recently intensified territorial dispute between China and the Philippines shows signs of a slight relaxation. The Philippine government announced on Sunday that it had reached a preliminary agreement with China on the supply of its grounded naval vessel on the atoll-shaped reef Second Thomas Shoal in the South China Sea. It said it followed […]
The EU is planning special tariffs on imports of biodiesel from China. The additional duties are to amount to between 12.8 percent and 36.4 percent of the value of the goods, according to an EU document published on Friday. The duties are to apply provisionally from mid-August; the EU investigation into the dumping prices is […]
Although there is still a dispute between China and Nepal over which side the peak of Mount Everest belongs to, and the two countries also disagree on its height, the best view of the highest mountain in the world is from China – at least at sunrise.
Youth unemployment is one of the major issues facing the world’s second-largest economy. This topic is likely being addressed by the party leadership during their Third Plenum. Recently, the national statistics bureau announced that youth unemployment among 16- to 24-year-olds dropped to 13.2 percent in June, down from 14.2 percent in May.In the summer of […]
Very clever, one might think: Despite the US chip sanctions prohibiting Western companies from supplying China with cutting-edge semiconductors, the leading US company for AI chips is still earning handsomely in China. The reason: Nvidia has simply created a scaled-down version of its AI chips for the Chinese market that are not subject to US […]
As can be seen in this picture, the line between shaomai and xiaolongbao (small dragon pocket) is blurred. Shaomai, which can originally be translated as “sold as a sideline,” comes with dumplings that are open at the top. Xiaolongbao, on the other hand, are closed. The filling can vary for both. Glutinous rice is often […]
Until recently, hardly any other country could compete with the German mechanical engineering industry. That is changing: German mechanical engineering companies find themselves at the mercy of increasing competitive pressure from China worldwide. “The Chinese mechanical engineering industry is currently experiencing a new wave of ‘going global,’ which is characterized by higher quality and technologically […]
Following the federal government’s veto on the sale of the division to China, Volkswagen subsidiary MAN Energy Solutions will cease the production and development of gas turbines. “We respect the government’s decision,” a spokesperson for the Augsburg-based company stated on Wednesday. MAN Energy will wind down the new development of gas turbines over the coming […]
Yes, China’s leadership supports the Putin regime with microelectronics for weapon production. And yes, Chinese soldiers were involved in military exercises in Belarus near the border with NATO member Poland in recent days. Nevertheless, Europeans should not allow NATO to expand its involvement in the Asia-Pacific region, as the US and NATO Secretary General Stoltenberg […]
China intends to curb the overproduction of solar panels domestically by implementing tougher capital requirements. The Ministry of Industry released a new regulation mandating that solar companies must maintain a minimum capital ratio of 30 percent for both expansions and new production facilities. Previously, the requirement was 20 percent. The Ministry did not provide a […]
