The leading global manufacturer of solar modules, Longi, is moving into the hydrogen sector, as the business portal Caixin reports. Together with a private equity fund, Longi has founded the hydrogen subsidiary Xi’an Longi Hydrogen Technology with a start-up capital of the equivalent of €38 million. State-owned energy companies such as Sinopec have also already […]
On the occasion of the 100th birthday of the Chinese Communist Party (China.Table reports), cinemas in the People’s Republic are to show propaganda films twice a week. Until the end of the year, movie theaters “in every province, region, and city” are to show works that “revolve around love for the Party, love for the […]
On Wednesday, China opened the Five-hundred-meter Aperture Spherical radio Telescope to scientists from other countries and will accept applications for observation time. The telescope replaced the Arecibo Observatory in Puerto Rico as the world’s largest radio telescope several years ago. Arecibo has since collapsed due to wear and tear. In the movie GoldenEye James Bond […]
China plans to impose stricter conditions on the construction of new high-speed rail routes in the future to alleviate debt for regional governments, according to a new guideline issued by the State Council. According to a report by business portal Caixin, new lines will only be built to cities that have more than 15 million […]
Since the early 2000s, China has signed more than 2,000 loan agreements with developing and emerging countries. Through the Belt and Road Initiative (BRI), Beijing finances infrastructure projects in dozens of countries. When it comes to energy projects, Chinese development banks have been among the biggest lenders for years. China, for example, holds at least […]
Chinese development banks and state-controlled banks lent $7 billion to African nations in 2019, new figures from the China Africa Research Initiative show. That’s a 30 percent drop from 2018 – and the lowest amount since 2010. $5 of the $7 billion went to projects in the transportation and energy sectors. The top five borrowers […]
Due to a shortage of semiconductors, Nio halts production at one of its plants in Hefei for five days starting today. This makes the EV maker the first “high-profile casualty” in the Chinese auto industry to be hit by the chip shortage, Bloomberg reports.“The general supply shortage of semiconductors affected the company’s production volume in […]
Adidas is accused of violating fire safety regulations and blocking escape routes and safety exits. A BMW subsidiary allegedly used terms such as “national”, “highest”, and “best” in its advertising, violating China’s advertising law, according to the Beijing Municipal Administration of Industry and Commerce. And a subsidiary of SAP is alleged to have violated China’s […]
Swedish fashion company H&M is facing a storm of outrage on Chinese social media channels over an old statement on allegations of forced labor in its cotton supply chain in Xinjiang. Back in the spring of 2020, following NGO reports of human rights abuses, the fashion group said it was “very concerned about the allegations […]
A container ship ran aground in the Suez Canal on its way from China to Europe. The 400-meter-long and 59-meter-wide freighter “Ever Given”, owned by the Evergreen shipping company, completely blocked the canal. The ship is one of the largest container ships in the world. How long the salvage would take was still unclear on […]
