English soccer club Reading F.C. and its Chinese owner Dai Yongge are parting ways after eight years. The sale to a British investor ends a difficult era during which the club repeatedly suffered from the misconduct of its owner. The club even had to accept point deductions in the past due to rule violations and […]
Donald Trump’s tariff policy could dramatically accelerate the global rise of the Chinese national currency, the renminbi. Trust in the US dollar is fading as trade barriers jeopardize its stability – and Beijing is ready.The recognition of the renminbi as a global trading currency would be a significant milestone for the Chinese leadership in the […]
China has reaffirmed its support for peace efforts in Ukraine and criticized President Volodymyr Zelenskiy for his “irresponsible remarks”. On Wednesday, Zelenskiy claimed that Chinese citizens would fight on Russia’s side. He based this statement on information from the Ukrainian intelligence service, which had identified 155 Chinese citizens fighting in Ukraine. Two Chinese nationals were […]
The trade war with the United States will weigh heavily on the Chinese economy. This is the conclusion of the latest growth forecast by US investment bank Goldman Sachs. Its analysts have significantly lowered their expectations for 2025, although they assume that the Chinese government will take monetary policy measures.The bank stated on Thursday that […]
The World Uyghur Congress (WUC) has filed a lawsuit in Paris against Dahua Technology France, Hikvision France and Huawei France. French human rights lawyer William Bourdon accuses the three Chinese companies of involvement in the cover-up of human trafficking, genocide and crimes against humanity, among other things.The 45-page complaint documents how the three companies allegedly […]
The son of former Chinese Vice Premier Liu He is in trouble. The Financial Times reports that the “princeling”, as the sons of high-ranking Communist Party officials are known, is being investigated on suspicion of corruption. His father was part of the Chinese government for five years until 2023 and a member of the party’s […]
US President Donald Trump has threatened further escalation: If Beijing does not lift its 34 percent tariffs on US goods by Tuesday, the US will impose additional tariffs of 50 percent on Chinese imports on Wednesday, Trump wrote on his online platform Truth Social. “All talks with China concerning their requested meetings with us will […]
Chinese overcapacity is costing European companies billions. Take the auto industry, for example: In 2023, the EU imported over EUR 10 billion worth of EVs from China. Estimates suggest that nearly half of these vehicles were state-subsidized. There is no end in sight, with forecasts predicting that import volumes will double by 2026. The EU […]
Huawei’s lobbyists have met with EU commissioners or their cabinet representatives more than 70 times between the end of 2014 and the end of 2024. There have also been numerous meetings with European officials from various working groups and departments, mostly held in person in Brussels but also frequently online.The number of meetings is remarkable. […]
Hong Kong’s richest man is pushing ahead with the sale of two ports on the Panama Canal to a US investor, against the wishes of the Chinese central government. To obtain the necessary shareholder approval, Li Ka-shing has offered the shareholders of his company empire CK Hutchison USD 25 per share if they give the […]
