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 […]
Wealth with climate investments: 23 of the 26 richest people in the fields of climate and green technologies come from China, as a new ranking by Bloomberg shows. Undisputed at the top of the ranking is Elon Musk. The Tesla Chief Executive has benefited from a soaring share price over the past year, amassing a […]
According to information from the FAZ, the Chinese government has sharply criticized a new entry program by Great Britain for Hong Kongers. London had already announced measures last summer due to the “national security law” for Hong Kong imposed by China. The Johnson government now allows Hong Kong citizens to enter the country for up […]
China’s Belt and Road Initiative is considered a project of the century. The Chinese leadership brings out the big guns: The new Silk Road is to connect continents with new infrastructure and penetrate the Arctic and cyberspace. Critics, on the other hand, see imperial efforts by China and debt-trap diplomacy. China would “cunningly and strategically […]
One piece of advice that Henry Kissinger gave Joe Biden is to do everything possible to avoid war with China. This would mean a catastrophe on the scale of the First World War. What is the likelihood of a military conflict between the US and China, and what role should Europe play?When President Nixon and […]
The Allianz Group has succeeded in taking an important step into the Chinese asset management market. The regulatory commission for Banks and Insurance (China Banking and Insurance Regulatory Commission) approved the preliminary establishment of Allianz Insurance Asset Management (Allianz IAMC), according to an Allianz Group announcement. According to the statement, Allianz IAMC will be the […]
The number of Chinese workers in Africa continues to decline. According to surveys by the China Africa Research Initiative (CARI), 182,745 Chinese workers were active in circa 10,000 Chinese-run companies at the end of 2019. In 2015, it was 263,700 but has steadily declined by 30 percent. Half of the Chinese work in Algeria, Angola, […]
