Dues to new rules for cross-border online trade between the EU and third countries, prices for parcel shipments to the EU may rise. As of July 1, shipments of goods from outside the EU are no longer exempt from import VAT. Previously they were exempt as long as the value of the goods did not […]
The World Bank predicts a further economic recovery for China and raised the growth forecast for the People’s Republic to 8.5 percent – an increase of 0.4 percentage points over the last forecast from last year. The reason given for the even better economic outlook is that both consumer confidence and business confidence have improved […]
Ride-hailing service DiDi Chuxing made a successful debut on the Nasdaq technology exchange in New York on Wednesday. The company earned $4.4 billion. Its market capitalization was just under $68 billion at the close of trading. DiDi’s IPO is the second-largest by a Chinese company in the US. Online giant Alibaba raised $25 billion in […]
China has threatened Ukraine to withhold funds intended for COVID-19 vaccines if Ukraine did not withdraw its support for a call for greater scrutiny of human rights in Xinjiang. Last week, Ukraine initially joined a declaration made by over 40 countries (China.Table reported) calling on China to allow independent observers access to Xinjiang. Human rights […]
Tesla apparently needs to update the software on thousands of its vehicles in China. According to reports from AFP, Bloomberg, and Reuters, there are problems with autopilot in over 285,000 Tesla models already sold. They say the system can accidentally activate itself while driving. After starting up, it then sometimes accelerates uncontrollably, which can cause […]
The tariff dispute between China and Australia is moving to the next stage. Beijing has filed a complaint with the World Trade Organization (WTO) over Australian anti-dumping and anti-subsidy measures on Chinese exports of railway wheels, wind towers, and stainless steel sinks. The complaint, announced by the Department of Commerce, would be the third of […]
Long lines of waiting people formed in front of newsstands in many Hong Kong neighborhoods. The rush was for the last issue of the newspaper “Apple Daily“. After 26 years, the tabloid has now gone out of business. The authorities recently exerted massive pressure on the China-critical newspaper founded by publisher Jimmy Lai. After the […]
Data protection is already quite complicated in Europe. If two new Chinese data protection laws are added to the mix, it will be difficult to comply with all the requirements. What data does a company have to store in China according to Chinese rules? What data is it not allowed to store according to EU […]
The reaction is pragmatic and even surprisingly offensive. The Chinese ride service provider DiDi Chuxing currently suffers from attacks by China’s regulatory authorities. Now the company is planning an IPO – and is being emphatically open about its regulatory problems. DiDi bluntly lists all potential charges it could face from the State Administration for Market […]
