China’s Foreign Minister Wang Yi has announced the supply of two billion units of China’s Corona vaccines to other countries this year. At the International Forum on COVID-19 Vaccine Cooperation, held virtually, he also called for a World Trade Organization (WTO) initiative to release patents on vaccines for production in poorer countries. He confirmed a […]
A new commander takes command of local People’s Liberation Army units in the Autonomous Region Xinjiang. General Wang Haijiang 汪海江 (58) moves to Xinjiang from a similar post in Tibet, where he had commanded the armed forces since December 2019. He is therefore considered an experienced specialist in difficult regions. His career is thus similar […]
Chinese Company Svolt, an EV batteries manufacturer, has raised just over ten billion yuan (€1.3 billion) in a recently closed venture round. The funds are in addition to 450 million euros in existing capital from an earlier financing round. The company plans to invest it into the development of advanced batteries, among other things. It […]
China’s video games industry fears increasing pressure from the authorities. A series of comments in state media is seen by investors as a harbinger of a new slew of regulations aimed at the protection of youngsters from the potential dangers of mobile and online games. “Concerns grew as Covid restrictions kept more children indoors andonline,” […]
When it comes to the Chinese economy, I have been a congenital optimist for over 25 years. But now I have serious doubts. The Chinese government has taken dead aim at its dynamic technology sector, the engine of China’s New Economy. Its recent actions are symptomatic of a deeper problem: the state’s efforts to control […]
China’s State Administration for Market Regulation is investigating suspicions that intermediaries deliberately drove up the prices of semiconductors. Allegations are centered around chip hoarding intended for the automotive industry and price-fixing before reselling them. This was reported by the Wall Street Journal and various other news sources. It was evident from the announcement which companies […]
Ai Tiecheng joins EV startup NIO as president of new business initiatives. He reports directly to CEO Li Bin. Ai was previously appointed as an executive at workspaces provider WeWorks. He will oversee the development of a lower-cost sub-brand at NIO.Chen Chunguo resigned as chairman of China Dive less than four months after taking office. […]
Kristina Mohr has been working as General Manager of the Global Technology Solution Center at DB Schenker in Nanjing since August 1. Mohr previously held an IT management position at Daimler China.Ralf Selig has been appointed Head of Integrity Office in Beijing within Volkswagen Group China. Previously, the HR manager had been working as Project […]
China is seeing a rapid increase in the number of people infected with Sars-CoV-2, with authorities citing the higher infection rate of the delta mutation as the reason. “The challenges of prevention and control will become even greater,” news agency AFP quoted a spokesman of the National Health Commission. An outbreak in the major city […]
According to the German news magazine Der Spiegel, Philipp Amthor, a member of the German parliamentary party CDU, is involved in a corruption scandal with the Chinese video app TikTok. Amthor is alleged to have solicited and partly received small donations from TikTok’s German subsidiary for organizations close to him. Amthor denies the allegations made […]
