Another Chinese professional football club has run into financial troubles. Following in the footsteps of defending champions Jiangsu FC and Tianjin Tianhai, first division club Hebei FC is now facing financial collapse. The club’s management announced on short messaging service Weibo that the training operations of the youth department would have to be discontinued to […]
For more than a year now, the Russian-Chinese border from Pogranichny to Heilongjiang in north-eastern China has repeatedly been beset by kilometer-long traffic jams. Russian truck drivers sometimes wait several days to enter the People’s Republic. On some days, China’s authorities do not allow more than 15 trucks to pass through each border crossing for […]
Betty Yap, managing partner for China operations of New York law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, is leaving the firm. From her Hong Kong office, Yap has been assisting with cross-border corporate acquisitions and private equity deals since 2016.
It goes without saying that the Media has a substantial role in shaping the perception of the People’s Republic of China in Germany. But are they really the driving force behind critical portrayal? Or do they merely reflect sentiments from the social spectrum? And to what extent does the state-concerted discrediting of foreign media in […]
Sentiment in China’s manufacturing sector remains tense. The Caixin Purchasing Managers’ Index PMI for manufacturing recorded a reading of 50.6 for October, just slightly above the 50-point threshold that is considered the boundary between positive and negative growth. Meanwhile, the PMI of the National Bureau of Statistics for October fell as much as 0.4 points […]
A study by the Rosa Luxemburg Foundation (RLS) accuses German leading media of “an agenda of Western values and a Eurocentric perspective” in their media coverage of China. After analyzing 747 articles in seven newspapers and magazines from January to August 2020, the three authors, led by sinologist Mechthild Leutner, came to the conclusion that […]
Disclaimer: This interview has been translated into English and is not considered an official translation by any party involved in the interview. Mr. Engelmann, Webasto was in the headlines at the start of the COVID pandemic. The first person to contract COVID in Germany was one of your employees, who was infected by a colleague from Wuhan. What do you feel when you look back on the past year and a half?I immediately get a […]
The Chinese State Council is granting small and medium-sized enterprises a three-month tax deferral. The measure will take effect in November and is intended to prevent potential liquidity bottlenecks for companies. Rising raw material and production costs have put many companies under pressure. The deferral applies to VAT and corporate income tax, among other things.The […]
A Chinese medal haul at the 2022 Winter Olympics in Beijing is likely to be limited to a few sports like speed skating. In curling, other nations have traditionally come out on top. 100 days before the opening ceremony, sports enthusiasts and bored pedestrians alike were able to test their curling skills at an event […]
The power crisis in China has now also affected the Diesel supply. News magazine Caixin reports that gas stations “in many parts” of the country have begun rationing diesel. The reasons are an increasing shortage and rising procuring costs. The rationing affects not only car owners and truck drivers, but also homeowners who heat their […]
