Despite China’s economic recovery, the threat of harmful deflation is not averted. Consumer prices in China have risen for the fifth consecutive month in June, but weak demand caused them to fall short of expectations. The Consumer Price Index (CPI) rose by 0.2 percent in June compared to the same month last year, following a […]
Until recently, the far north-east of China was not particularly popular with tourists: Due to the long and icy winters and the many heavy industrial plants from the times when Stalin was still supporting the People’s Republic economically. Today, the trend has changed. Since climate change has made the summer months in the south and […]
The former CEO of Dutch chip supplier ASML, Peter Wennink, sees no sign of an end to the dispute between the United States and China over computer chips any time soon. As geopolitical interests are at stake, the conflict could drag on for decades, Wennink told Dutch radio station BNR, adding that the dispute was […]
The controversy surrounding Volker Wissing’s actions during his trip to Beijing shows no signs of abating. Chancellor Olaf Scholz has generally welcomed the fact that the Transport and Digital Minister is working on an agreement with China regarding data transfer. However, Scholz also criticized Wissing.“I believe that we do indeed need an understanding and agreement […]
The tariff dispute, China’s support for Putin, the aggressive geopolitics around Taiwan and in the South China Sea – Sino-German relations are not at their best. What were you able to achieve on your trip to China last week?Politicians in positions of responsibility cannot simply say things are difficult; they have to find solutions, and […]
Gambling is actually illegal in China – as long as it is played directly for money. This is not the case here at the poker festival in the city of Fuyang, Anhui province. However, the winner of the tournament is allowed to win a bonus. If the prize money of around 10,000 euros were not […]
The German Federal Ministry of Transport under Volker Wissing rejects criticism from German Chancellor Olaf Scholz regarding a data transfer agreement with China. On Friday afternoon, a spokesperson for Wissing emphasized that there was no definite agreement on handling the data transfer. The aim was to enter into a dialogue with China on legal issues […]
China is tightening state control over the highly coveted group of rare earth metals. On Saturday, the government published regulations aimed at protecting China’s rare earth deposits in the name of national security. Rules have been laid down for mining, processing, and trading. One use of rare earths is for electric cars. China is the […]
The Shanghai Airport Authority has approved the construction of a third terminal at Pudong International Airport. Construction is due to start this year. The new terminal is part of the fourth expansion phase of Shanghai’s largest airport.Once completed in 2026, Pudong is expected to be able to handle 130 million passengers a year. A fifth […]
Ding Xuexiang becomes head of the Communist Party’s Central Commission for Science and Technology. Ding was previously Vice Premier. The Commission was set up in March last year as part of a reorganization of government and party organs to oversee China’s efforts to achieve independence in science and technology. Its leadership was previously unknown.Is something […]
