To be able to meet the increasing demand in China, Daimler wants to expand production capacities by 45 percent with its joint venture partner Baic Motor. The Chinese website of the Beijing Benz Automotive (BBAC) joint venture published a document showing that the number of working days at the two plants in Beijing will be […]
The Gaokao exams are taking place in China these days. Gakao, probably the toughest exam in the world, decides on a student’s future career: on access to the country’s universities, on the chances of getting a well-paid job. Here, students in Nanjing are just coming out of their exams. Some even have a smile on […]
It’s a public slap in the face that China’s President Xi Jinping has handed out. Xi has called the country’s senior officials to order. He said Beijing needs to “get a grip on tone” in its communications with the world and should be “open and confident, but also modest and humble.” That Xi made this […]
Children in Chongqing are racing against mini pigs to celebrate Children’s Day. Who finishes first doesn’t matter: Only the children get a prize.
Beijing plans to tighten controls in industries that consume a particularly large amount of energy and produce a lot of emissions. The goal is to advance low-carbon developments in the country, as the Ministry of the Environment announced on Monday. Reuters news agency reports that control in industries such as steel and aluminum should be […]
Today is Children’s Day. But the fact that the decision-makers in Beijing announced the three-child policy just one day earlier is seen by many Chinese more as an affront than a family-friendly measure intended to boost the birth rate in the People’s Republic. Because to achieve this, there should have been childcare subsidies, reductions in […]
On Monday, Beijing once again imposed travel restrictions for the province of Guangdong due to 20 new infections within a day. The number of new cases is the highest in months. Guangdong lies directly on the border with Hong Kong.In Liwan district in the southwest of the provincial metropolis of Guangzhou, where most cases have […]
Joerg Bremer (44) will be the new CFO of the machine manufacturer KraussMaffei from July. Bremer comes from the car rental company Sixt, where he was CFO. At KraussMaffei, he succeeds Harald Nippel, who has been CFO for the past six years, overseeing the sale of KraussMaffei to Chinese chemicals group ChemChina and also the […]
Mr. Lee, the automotive industry is complaining about chip shortages worldwide. How dramatic is the situation really?The automotive sector has certainly been affected as major companies such as Mercedes, Daimler, Ford, General Motors, Mazda and Nissan have been forced to reduce production. The lead time between ordering chips and the associated services, equipment, and materials […]
Credit insurer Atradius warns of payment risks in traditional sectors of Chinese industry. As a result of new economic priorities in the 14th Five-Year Plan, the service provider expects liquidity problems for industries that lose government subsidies. “The political and economic environment will continue to deteriorate for the Chinese old-economy sectors of steel, metal processing, […]
