Russia’s Foreign Minister Sergei Lavrov proposed greater cooperation with China to resist US sanctions. The two countries should cooperate in the fields of science and technology to strengthen their self-reliance, Lavrov said in an interview with Chinese state television shortly before a two-day exchange with China’s Foreign Minister Wang Yi. Lavrov further suggested reducing dependence […]
Credit Suisse, a major Swiss bank, plans to triple its headcount in China over the next three years, Bloomberg reports. The bank wants to increase its market share in China and benefit from the opening of the financial sector. It also plans to obtain a banking license for its China branch “to further expand our […]
The Greens see China as a competitor, partner, and systemic rival in their recently presented draft program for the federal elections. Cooperation with China and “joint political, economic and technological efforts” are needed in the climate crisis. Any form of going it alone in the “global socio-ecological transformation” is doomed to failure, according to the […]
China is considering lowering visa hurdles for travelers once a high “immunity level” is reached in its own population, Reuters news agency reports. Currently, no exemptions are made for vaccinated people in testing and isolation measures, the vice director of China’s Center for Disease Control and Prevention, Feng Zijian, said, according to Reuters. However, they […]
China’s sometimes thuggish approach to foreign NGOs and foundations is now also enshrined in the investment agreement with the EU. Civil society is excluded from better standards, such as those achieved for companies. Beijing is thus sending a clear signal, as Amelie Richter reports. Tensions in USA-China relations won’t ease even under the new US […]
Swiss specialty chemicals company Clariant has opened a new campus in Shanghai, which will be home to its operational headquarters and innovation center. According to the company, Clariant generated around €364 million in sales in China in 2020 – ten percent of total sales.The company also plans to build a new catalyst production plant in […]
To enjoy an all-you-can-eat sushi menu, dozens of people in Taiwan have had their names changed. The trigger was the advertising campaign of a sushi restaurant chain. It had announced that anyone with “Gui Yu”, the Chinese characters for salmon, in their name would get a meal at the restaurant, where they and five of […]
Chinese semiconductor manufacturer Semiconductor Manufacturing International Corporation (SMIC) plans to invest €1.95 billion in a new chip factory, Bloomberg reports. To this end, the company has entered into a joint venture with the city of Shenzhen, which will help finance the factory. Production is expected to start in 2022 and will include 28-nanometer semiconductor chips. […]
The verbal saber-rattling ahead of the US-China talks in Alaska was high. As recently as Wednesday, US Secretary of State Antony Blinken again accused Beijing of undermining human rights in Xinjiang and Hong Kong with “coercion and aggression.” Beijing, in turn, admonished the Biden administration not to interfere in China’s internal affairs. Frank Sieren has […]
