The Shanghai Cooperation Organization (SCO) has criticized “protectionist trade measures” at its summit. In a joint statement issued on Wednesday, the ten member states, represented by seven prime ministers, “consider it important to continue joint efforts to combat protectionist trade measures that violate WTO rules”. The states did not explain exactly what measures they meant […]
Last month, the US Federal Reserve initiated its first monetary easing cycle in more than four years, cutting the federal funds rate by 50 basis points from its 20-year high of 5.3 percent to a range of 4.75-5 percent. This is good news for China, which now has much more room to maneuver in its […]
The EU tariffs on electric cars from China will come into force on October 31. However, according to Ursula von der Leyen, negotiations between the EU Commission and China could continue beyond this date. The negotiation process would not be abruptly interrupted if the countervailing duties came into force, said the Commission President in Berlin […]
China’s head of state Xi Jinping and Russia’s President Vladimir Putin will presumably meet twice in the next two weeks: First at the Shanghai Cooperation Organisation (SCO) summit on October 15 and 16 in Pakistan and then at the BRICS summit from 22 to 24 in Kazan, Russia.China’s power in the SCO is growing – […]
China has announced further measures to revitalize its ailing economy. Measures include:Finance Minister Lan Fo’an announced this on Saturday in Beijing. He did not mention any specific figures for additional economic stimulus. These must be approved by the People’s National Congress. Its next Standing Committee is expected in the coming weeks. “Our countercyclical adjustment goes […]
While the rest of the world weighs the impact of a Donald Trump or a Kamala Harris victory in November’s US presidential election, both candidates present serious challenges for China. To be sure, neither seems to want open conflict between the two powers, which could precipitate a nightmarish descent into global chaos. But Chinese decision-makers […]
In its latest position paper, the EU Chamber of Commerce spoke of a “tipping point” for European companies. Can you tell us what the current situation looks like?Many European companies have done well in China over the years despite many challenges and hurdles they face in developing and foreign economies. However, more recently, the rewards […]
Pakistani authorities want to restrict the freedom of movement of Chinese citizens during the Shanghai Cooperation Organization (SCO) meeting for security reasons. This was reported by Reuters, citing Pakistani security officials and an internal memo. According to the report, Chinese citizens could be exposed to a security risk from attacks by militant groups.On Sunday, two […]
In the European Parliament on Wednesday, EU Commission President Ursula von der Leyen had clear words for Hungary’s head of government Viktor Orbán: He is endangering the security of the EU with his policy towards China and Russia. “How can it be that the Hungarian government allows the Chinese police to operate on its territory? […]
Finland’s President Alexander Stubb will meet Chinese President Xi Jinping and other high-ranking Chinese government officials in Beijing at the end of October. This was announced by the Finnish government on Wednesday. Stubb will discuss bilateral relations, the war in Ukraine and other security issues, his office said in a statement.Finland and China have been in […]