The world is still fighting Covid-19. In Germany, companies receive Covid aid, but what does the pandemic mean for European companies in China? The latest survey by the EU Chamber of Commerce in Beijing shows something astonishing: no sign of a crisis. Even in the pandemic year 2020, companies in the People’s Republic earned more […]
China’s foreign trade increased strongly in May. As the Beijing customs authority announced on Monday, exports rose by 27.9 percent compared to May of the previous year to $263.9 billion (about €216.9 billion). Imports even increased by 51.1 percent – as strongly as they last did ten years ago. They now amount to $218.4 billion. […]
For a brief moment, Sergey Lavrov drops the diplomatic mask. “It has long been perfectly clear to everyone that this is our territory, this is our country,” Russia’s Foreign Minister said last week, referring to the Arctic. “This is our land.” So when Russia took over the chairmanship of the Arctic Council a few days […]
China’s government wants to allow married couples to have three children. The state news agency Xinhua reported this on Monday, citing a Politburo meeting led by President Xi Jinping. “Allowing all couples to have three children will help improve the population structure,” the news agency quoted from the meeting. The aim, it said, was to […]
Li Jiming’s threat was clear: If Bangladesh joins the Quad, it will fundamentally damage relations between Beijing and Dhaka. China’s ambassador to Bangladesh wanted to leave no doubt about his warning and followed up. “History has shown it again and again, such partnerships harm the economic and social development of our neighbors and the welfare […]
Car manufacturers worldwide see electromobility as the future, which is why batteries are becoming a crucial component for the entire industry. It is, therefore, fitting that Germany is currently evolving into an extremely popular location for battery production. Two Chinese manufacturers have chosen Germany as an investment location. After CATL in Thuringia, SVOLT now wants […]
Daimler Truck AG and Chinese battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) intend to expand their cooperation. This was announced in a joint statement by the two companies. According to the statement, CATL will supply the lithium-ion batteries for the all-electric Mercedes-Benz eActros LongHaul. The model is scheduled to go into series production in […]
Opel’s parent company Stellantis wants to enter into a strategic partnership with contract manufacturer Foxconn, as the two companies announced on Monday. Young Liu, Chairman of Foxconn’s technology division, and Stellantis CEO Carlos Tavares plan to present the background and goals of the future cooperation in a webcast today. As the financial service Bloomberg claims […]
Does the principle of non-interference still suit a great power with considerable creative will? The leadership in Beijing must increasingly weigh between the two ideas of its own role – and is now taking the side of the Palestinians in the current Middle East crisis. Our correspondents in Beijing show the difficult balancing act being […]
Modern cars don’t work without chips. But the small silicon components are currently in short supply for various reasons. That makes managers in both Germany and China nervous. Planners in Beijing are therefore forging a Chinese semiconductor alliance of around 70 companies. They are to cover the entire chip supply chain and thus produce around […]
