China wants to become the world market leader in battery-powered EVs. However, this does not mean that hydrogen technology will be neglected, as Frank Sieren reports. It is to be used in commercial vehicles and buses. However, green hydrogen has hardly played a role so far.No other country in the world produces billionaires as rapidly […]
The world’s largest maker of batteries for EVs, China’s Contemporary Amperex Technology Co Ltd (CATL), is taking a $137.5 million stake in a cobalt mine in the Democratic Republic of Congo, Reuters reports. Previously, the mine was 95 percent owned by China Molybdenum, the world’s largest cobalt producer. A subsidiary of CATL is now taking […]
The Chinese competition authority wants to increase its staff by 20 to 30 employees. In addition, the authority is to be provided with more financial resources to take action against anti-competitive behavior, Reuters reported, citing informed circles. According to the report, the State Administration for Market Regulation currently employs “about 40 people”. Only on Saturday, […]
Montenegro plans to ask various EU organizations for help in repaying a $1 billion loan to China, the Financial Times reports with reference to Montenegro’s Finance Minister Milojko Spajić. According to the report, the loan was granted for a highway project that is being built by the China Road and Bridge Corporation but has not […]
Whether it’s forest dieback or the threat of climate collapse, for decades, almost everything in economic policy has revolved around GDP growth. While the introduction of a “happiness indicator” in Germany came to nothing, Shenzhen is trying out a new eco-indicator. Frank Sieren introduces it and the hopes associated with it.With Foxconn and Xiaomi, two […]
The city of Beijing aims to have over 10,000 fuel cell vehicles on the road and build 74 hydrogen filling stations by 2025, Reuters reports. Some of the vehicles are to be ready for use as early as the 2022 Winter Olympics in Beijing. The plan is to replace 4,400 heavy trucks with those powered […]
China’s Ministry of Finance wants to “actively and steadily” push forward legislation for a property tax, the business portal Caixin reports. So far, China has no ongoing tax on real estate property. Instead, the People’s Republic levies taxes on the construction and transfer of real estate, Caixin said. A property tax could bring in billions […]
The Kiel Institute for the World Economy (IfW Kiel) warns of an imminent decoupling of China from foreign countries and negative consequences for the German economy. The recently adopted 14th Five-Year Plan focuses on strengthening the domestic economy (as reported by China.Table), which could be to the detriment of trading partners and European companies in […]
