The European Union wants to encourage China to open up public procurement by setting new standards for the European market. Reciprocity and a level playing field must be achieved, several MEPs stressed on Wednesday during the presentation of the report on the “International Procurement Instrument” (IPI) in the Committee on International Trade. While the “door […]
Hungary’s electoral authority has given the green light for a referendum on the planned branch of China’s Fudan University in Budapest. The National Election Committee has approved his request for a referendum, the mayor of the Hungarian capital, Gergely Karácsony, announced on Facebook. Accordingly, an initiative to collect 200,000 signatures required to hold a referendum […]
The latest wave of the coronavirus is putting the brakes on economic development in China. The service sector, in particular, experienced severe setbacks due to the spreading of the delta variant, according to the national Purchasing Managers Index (PMI) published on Tuesday. The index reading, which represents the mood among major and state-owned service companies, […]
Beijing is set to issue new rules to prohibit companies with large amounts of sensitive consumer data from going public in the US, according to a report. China’s stock market regulator has told companies and investors that the proposed rules are intended to block an initial public offering (IPO) of shares overseas, Bloomberg reported, citing […]
Beijing has called the US intelligence report on the origin of COVID-19 “mendacious”. The report was made up for “political purposes”, according to a statement released by China’s Foreign Ministry on Sunday. “Without providing any evidence, the US has cooked up one story after another to defame and accuse China,” China’s Vice Foreign Minister Ma […]
The European Union wants to block China from public contracts with new regulations and is now pushing ahead with the corresponding instrument for international procurement. In the course of the coming week, the corresponding draft report is to be discussed in the responsible trade committee of the EU Parliament, as the European Parliament announced in […]
On June 10, 2021, the National People’s Congress Standing Committee passed the Anti-Foreign Sanctions Law (the “Law), just two days after the body announced that the draft was undergoing a second round of revisions.Policymakers hastily passed the Law in the context of sanctions placed by the US, EU, UK, Canada, and others on Chinese officials […]
Admittedly, things have not been completely quiet in the EU-China bubble this summer. The diplomatic dispute between EU member Lithuania and the People’s Republic over a “Taiwan” office in the Baltic country has continued to cause turmoil (as reported by China.Table). The dispute in the triangle of Taiwan, Vilnius and Beijing over trade missions is […]
Congestion at China’s two main container ports of Shanghai and Ningbo worsens in the wake of the Covid related closure of a terminal. Around forty container ships were waiting at the outer anchorage off Ningbo Zhoushan Port on Thursday. It was about ten more than at the start of the week, news agency Reuters reported. […]