China has warned of severe economic retaliation against Japan should it further restrict the sale and maintenance of chip manufacturing equipment to Chinese companies. This was reported by the specialist service Bloomberg News, citing people familiar with the matter.Toyota Motor told Japanese officials confidentially that Beijing could respond to the restrictions by cutting Japan’s access […]
China’s regulators plan to tighten fuel efficiency standards for cars. The Ministry of Industry and Information Technology has published a draft of mandatory fuel efficiency standards for internal combustion engine (ICE) vehicles and battery electric vehicles (EVs). The draft raises the fuel efficiency requirements for gasoline cars. The aim is to reduce environmental pollution and […]
There are many different perspectives on the war in Ukraine. However, almost all experts agree on one point: Ukraine urgently needs more ammunition for its defense. While aid from the USA is currently uncertain due to the election campaign, Europe wants to supply – and is even building new production facilities to do so.In addition […]
De-risking and diversification – easier said than done. And Germany’s companies are also working hard on their “China+1” strategies. However, German foreign trade is likely to suffer a severe setback when it comes to the important diversification in the Asia-Pacific region. This is shown by the latest estimates from the business development organization Germany Trade […]
China’s central bank has extended its support for investments in climate-friendly projects. Through a special financing scheme, financial institutions are to support companies in projects to avoid emissions. The financing window gives banks up to 60 percent of the principal for qualified loans at a one-year lending rate of 1.75 percent. The loan program has […]
Hong Kong’s top court on Monday unanimously dismissed the bid to overturn the convictions of media tycoon Jimmy Lai and six other pro-democracy campaigners for an unauthorized assembly in 2019. This shows how severely the National Security Law restricts freedom of expression in Hong Kong.The 76-year-old Jimmy Lai, founder of the anti-government newspaper Apple Daily, […]
The 41st World Coin Awards were presented on Monday. This beautiful coin from China is a reminiscence of the Peking Opera and rightly won the prize for the best coin in circulation.
German foreign trade with the Asia-Pacific region will shrink this year. This is the conclusion reached by the federal economic development agency Germany Trade & Invest (GTAI). Based on the trade figures for the first five months, the experts expect a decline of five to six percent to around 480 billion euros in 2024.It would […]
The selection of Timothy J. Walz as Kamala Harris’ running mate is a deeply domestic political decision. However, aside from aspects like swing states, unions, and the white middle class, Walz’s career is also shaped by an important foreign policy point: China.Nothing will shape future US foreign policy as much as the competition with China. […]
Who needs a Summer Olympics in Paris? Records are also being set in the indoor ice park in Nantong. And although a world record has yet to be broken, it still seems to be a lot of fun.
