It’s safe to say that if Kamala Harris steps into the ring for the Democrats and possibly becomes the first female US president in history, Beijing will roll its eyes. They have had some bad experiences with women in Zhongnanhai in recent years. They are always so unyielding.Angela Merkel got on their nerves with her […]
German companies in China have reacted with disappointment to the resolutions of the Third Plenum. The companies had “hoped for more orientation and a concretization of the economic stimulus measures already announced,” Maximilian Butek, Managing Director of the German Chamber of Commerce in East China, told the German Press Agency.Last week, the meeting of the […]
In collaboration with its Chinese partner Xpeng, Volkswagen wants to significantly reduce costs with a new EV platform. The two companies signed an agreement to this effect and launched two joint development centers, as VW announced on Monday. From as early as 2026, all VW cars built in China will be based on the CEA […]
China’s Central Bank wants to boost the weak economy with surprise interest rate cuts. On Monday, it reduced the key interest rate, known as the Loan Prime Rate (LPR), which the Central Bank uses to control the cost of consumer loans and mortgages. The one-year loan prime rate (LPR) was lowered to 3.35 percent from […]
Selina Cheng, regarding your dismissal, which was met with global outrage, the Wall Street Journal argues that its employees should not appear in public as advocates of press freedom in places like Hong Kong. Is that something you can understand?No, I cannot. I was told that such a function would not be compatible with our […]
China’s position in the Ukraine war has triggered a rethink in German academia. Ever since numerous pieces of evidence have emerged that Beijing is providing military support to its close friend and strategic partner Vladimir Putin, a number of collaborations between German universities and research institutes and Chinese institutions have been cast in a different […]
In the Republican election program, US presidential candidate Donald Trump confirms the United States’ decline. He is actually just repeating what Beijing has been predicting for many years. This is interesting insofar as China has been persistently preaching beliefs to its opponents in the rest of the world that will eventually (or are supposed to) […]
Almost two-thirds of all wind and solar energy capacity currently under construction is being built in China. In other words, China currently creates almost twice as many alternative energy sources as the rest of the world combined. This is according to a study by the US think tank Global Energy Monitor (GEM). The share of […]
Car sales in China have continued to fall despite government incentives. According to the China Passenger Car Association (CPCA) on Monday, sales fell by 6.9 percent year-on-year to 1.78 million vehicles. This is the third consecutive month of shrinking car sales in China.The price war that has been raging in the world’s largest vehicle market […]
Chinese officials exponentially line their own pockets. This is the result of a study conducted by the Leibniz Centre for European Economic Research (ZEW) in collaboration with the City University of New York. It found that civil servants earn an average of eight to fourteen times their regular salary through corruption. The higher up a […]
