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Nico Beckert

Nico Beckert Published: February 17th, 2021

Renewable energies: Beijing specifies targets

China has set new renewable energy targets for each of its provinces. All provinces, except Tibet, have been given annual targets for how high the share of green electricity should be by 2030. So far, the targets are plans, and the provinces have until February 26 to provide feedback, according to the business magazine Caixin. […]

Nico Beckert Published: February 15th, 2021

G7: Britain plans D10 coalition against China

Britain, which is chairing the G7 this year, plans to hold its first virtual conference next Friday under the leadership of British Prime Minister Boris Johnson. The aim is to develop a “joint strategy on China”, as Bloomberg reports. Britain also invited Australia, South Korea and India to the G7 summit in Cornwall from June […]

Nico Beckert Published: February 10th, 2021

Birth rate plummets by 15 percent

The number of newborns in China plummeted 15 percent in 2020 from a year earlier, as Reuters reports. Last year, just over ten million births were registered, compared to 11.8 million in 2019. In addition to economic uncertainties resulting from the coronavirus pandemic, rising costs for health care, education and housing also played a role […]

Nico Beckert Published: February 5th, 2021

Xie Zhenhua: China’s new climate envoy

Beijing has appointed Xie Zhenhua as special envoy for climate issues, according to media reports. The environment ministry did not initially confirm the appointment details. Xie had been Beijing’s climate negotiator for more than a decade until early 2020, the South China Morning Post (SCMP) reported. He then became a special adviser at the environment […]

Nico Beckert Published: February 4th, 2021

Electricity rationing despite coal expansion

Last year, China connected three times more coal-fired power plants to the grid than the rest of the world. This is according to a brief analysis by the Global Energy Monitor and the Centre for Research on Energy and Clean Air. Excluding retirements, China added nearly 30 GW of new coal-fired power to the grid […]

Nico Beckert Published: February 4th, 2021

Takeover rumors about Chinese BMW partner

According to insiders, the Chinese BMW partner Brilliance is on the verge of a takeover by the second-largest Chinese carmaker FAW Group. According to a Reuters report, the background is the precarious financial situation of Brilliance’s largest shareholder, Huachen Automotive. The group is in insolvency proceedings, and restructuring has begun. So far, FAW already produces […]