They were probably their last talks in this framework when Angela Merkel and her cabinet met the Chinese ministers and head of government Li virtually on Wednesday. Finn Mayer-Kuckuk explains the background to the consultation and classifies the constructive but, at the same time, openly critical mood. Merkel wants to stick to the CAI investment […]
Oil is spilling into the Yellow Sea near the port city of Qingdao after the collision between the tanker “A Symphony” and a freighter. The Chinese Maritime Safety Administration yesterday ordered nearby ships to keep at least ten nautical miles (about 18.5 kilometers) away from the accident site.The 272-metre-long “A Symphony” was carrying around one […]
Beijing has announced that it will cut import taxes on materials used to make steel products. Import duties on raw iron, steel scrap, and semi-finished products will be eliminated as early as May 1, the Ministry of Finance announced yesterday on its website. Beijing wants to use the resulting market pressure to force Chinese producers […]
In the future, domestic as well as foreign companies and individuals who store data on servers in China could face criminal charges if they hand it over to foreign agencies. A clause to this effect has been added to China’s draft data protection law. The new clause provides for Chinese companies and individuals to be […]
The Chinese chip developer Horizon Robotics has founded a joint venture for autonomous driving with the German automotive supplier Continental AG. Both partners want to strengthen their position in the smart vehicle market as a result, according to a joint statement of intent. The announcement comes after the two began collaborating last September and Horizon […]
On the backs of delivery messengers: Beijing’s antitrust regulator takes aim at delivery app Meituan. The investigation, announced on Monday, comes two weeks after authorities fined Alibaba a record $2.8 billion. Just over a week ago, Meituan had raised $10 billion in fresh capital from investors.
China’s Ministry of Commerce (Mofcom) fears that lower private spending could jeopardize the country’s growth targets. To ensure that retail sales do not weaken too much, Mofcom has now announced a month-long consumption campaign. It kicks off in Shanghai, where a series of activities to boost private consumption will begin on the May 1 holiday. […]
Xi Jinping trusts him. This alone gives Qin Gang access to the closest circle of the leading elite in the Communist Party. Now he is being traded as one of the hottest successor candidates for the post of outgoing Chinese Ambassador Cui Tiankai in Washington. At a time when the US and China are constantly […]
The oil painting “Slave and Lion” by Xu Beihong is said to be the “most highly valued Asian work of art,” according to Christie’s. The 1924 painting is currently on display in Hong Kong and will travel to Beijing and Shanghai before being auctioned at this year’s Art Basel Hong Kong at the end of […]
Science fiction is becoming reality. This is shown by the current car show in Shanghai, where Frank Sieren took a closer look at the air taxi of a German provider. This vehicle of the future will only work with 5G technology, which makes it highly likely that it will be launched on the market in […]
