After a six-month absence, China’s National Bureau of Statistics (NBS) has again released official youth employment data for December 2023: 14.9 percent. The government stopped reporting the rate in June 2023, after it had risen continuously to record high of more than 21 percent, as high as 40 percent in rural regions or as high as […]
The negotiations between Brussels and Beijing on the EU’s additional tariffs on Chinese electric cars are entering a decisive week. Shortly before the visit of China’s Minister of Commerce Wang Wentao to Europe, the European Commission formally rejected an offer from Chinese EV manufacturers to close the price gap between them and EU competitors, saying […]
The USA wants to take action against cheap Chinese goods from Temu and Shein. The Biden administration announced steps to curb the “overuse and abuse” of a long-standing trade rule that allows low-value shipments to enter the United States without paying import duties and handling fees. The US media reported this, referring to the White […]
For the first time in 22 years, two German warships passed through the Taiwan Strait on Friday – under the watchful eye of the Chinese Navy. China had expressed criticism of the German plans beforehand. Since mid-2022, the country has been actively trying to question the status of the Taiwan Strait as international waters and […]
Showdown on additional EV tariffs: China’s Minister of Commerce Wang Wentao will visit Brussels next week. The Chinese Ministry of Commerce announced on Thursday that Wang will meet EU Trade Commissioner Valdis Dombrovskis next Thursday to discuss the tariffs.The decision on whether the additional tariffs on Chinese EVs will apply for five years from November […]
India will levy tariffs of between 12 and 30 percent on some steel products imported from China in order to boost the local industry. This was ordered by the Indian Ministry of Finance. Imports from Vietnam are also affected. Welded stainless steel pipes and tubes from the two countries will be taxed for the next […]
The Chinese EV manufacturer Geely says it will not be deterred by the European Union’s additional tariffs on EV imports from China. Lynk & Co, a joint brand of Geely and its subsidiary Volvo from Sweden, will not pass on the additional duty of around 19 percent to buyers, European brand boss Nicolas Appelgren told […]
The construction of Turkey’s first nuclear power plant by the Russian state-owned company Rosatom has been delayed due to missing parts from Siemens Energy, according to the government. Rosatom is therefore looking for alternatives in China, said Energy Minister Alparslan Bayraktar on Wednesday, according to the state-run Anadolu Agency.The lack of deliveries from Siemens Energy […]
Europe’s economy requires massive investment and significantly more innovation efforts if it is to keep pace with China in the long term – that is the core message of Mario Draghi ‘s strategy paper on the competitiveness of the European Union, which was presented in Brussels on Monday.If Europe wants to compete with China and […]
The cooperation between the Hungarian company Acemil and the Chinese rail vehicle manufacturer China Railway Rolling Stock Corporation (CRRC) could now see the creation of a separate plant in Hungary to supply the European market. This was reported by the industry platform Railway Gazette.Acemil signed a cooperation agreement with CRRC ZELC, a subsidiary of the […]