Slovakia has received approval from the EU regulatory authorities to grant state aid for a Volvo Cars plant. This allows the EU state to provide 267 million euros for the plant’s construction. The Swedish car manufacturer is majority-owned by the Chinese Zhejiang Geely Holding. Geely had announced plans for a 1.2 billion euro EV plant […]
The EU Commission is scrutinizing subsidies to Chinese suppliers of wind farms for Europe. EU Commissioner Margrethe Vestager stated on Tuesday that the Brussels authority would examine the conditions for the development of wind farms in Spain, Greece, France, Romania and Bulgaria. She did not name the companies concerned. These steps were necessary “before it […]
Before Xi Jinping’s France visit, Trade Minister Wang Wentao met with business and political representatives in Paris. At the meeting with Wang, he emphasized the need for balanced trade relations, wrote Franck Riester, Minister Delegate for Foreign Trade, on X on Monday. These would offer opportunities for companies in both countries.According to media reports, Wang […]
When German Chancellor Olaf Scholz travels to Beijing on April 15, he will not be joined by a Federation of German Industries (BDI) representative. As Table.Briefings has learned from political and business circles, the BDI has not even applied to participate this time.The Chancellery declined to include a BDI representative on the most recent official […]
The European Commission has finalized anti-dumping duties on imports of certain polyethylene terephthalate (PET) from China. The Brussels authority confirmed on Wednesday the provisional duties introduced at the end of November. These tariffs range between 6.6 percent and 24.2 percent, depending on the exporting manufacturer.The anti-dumping duties will be in effect for a period of […]
China intends to strengthen security cooperation with the Central Asian state of Uzbekistan. This was emphasized by China’s top police chief and Minister of Public Security, Wang Xiaohong, during a meeting with Uzbekistan’s President Shavkat Mirziyoyev in Tashkent. Beijing is ready to enhance cooperation “in combating the ‘three forces’ of terrorism, separatism and extremism as […]
Jing Song is the new Business Development Manager for the Chinese market at wellness provider Lovehoney Group. She was previously Business Director at Xibo Trading Ltd. Co.Liming Xiao has been Technical Liaison China at Enmodes since March. The mechanical engineer, who trained in Aachen and Beijing, has been working for the German medical device manufacturer […]
For the first time, the EU Commission is officially investigating whether Chinese state subsidies have given solar companies an advantage over domestic bidders in a tender in Europe. There is “sufficient evidence” that two bidders have received“foreign subsidies that distort the internal market“, the Brussels authority announced on Wednesday. The Commission has therefore now launched […]
China is pushing forward with a charm offensive to attract foreign direct investment at the highest level: President Xi Jinping met with leading representatives of the US business community on Wednesday in the Great Hall of the People in Beijing. Among the roughly 20 exclusively male CEOs were figures like Stephen Schwarzman, co-founder and CEO […]
In the dispute over Western export restrictions on high technology, President Xi Jinping had strong words during his meeting with Dutch Prime Minister Mark Rutte in Beijing: “No power can stop the pace of scientific and technological development and progress in China,” Xi said according to a report by state television. The Chinese people have […]