The Chinese railway manufacturer CRRC Qingdao Sifang Locomotive has withdrawn from a tender in Bulgaria. The tender, issued by the Ministry of Transport in Sofia, involved the purchase of 20 electric trains and their maintenance for 15 years. The estimated value of the contract was 610 million euros. Preceding this was an investigation by the […]
London and Washington have accused China of cyberattacks on the UK’s democratic institutions and imposed sanctions in response. In an address to the House of Commons on Monday, British Deputy Prime Minister Oliver Dowden said that “Chinese state-affiliated actors” had been behind two separate “malicious” attacks on both the British electoral watchdog and British MPs […]
Are you happier with the EU’s China policy today than five years ago?Yes, because five years ago, the EU had just completed the difficult operation of presenting a new framework definition for European relations with China: the triad of partner, competitor, and systemic rival. At the time, there were many concerns whether this was not […]
China and the EU have held the first meeting of the newly established financial dialogue. “Financial authorities from both sides exchanged views about the respective macroeconomic and financial stability situations, as well as on the regulatory and supervisory architecture in place in China and the EU respectively,” the European Commission announced on Wednesday. The meetings […]
Han Xinyi becomes President of the fintech company Ant Group. Han will be responsible for the areas of digital payments, digital connectivity and digital finance. Chen Mingbo becomes Chairman and Party Chief of China Aerospace Science and Technology Corp. The 55-year-old will head one of the largest aerospace companies in the world. Chen began his […]
European companies in China are facing mounting pressure. EU Chamber of Commerce chief Jens Eskelund summed up the situation on Wednesday by likening the current state of trade relations between Brussels and Beijing to a “slow-motion train wreck” during the presentation of the Chamber’s report on economic security in an increasingly geopolitically charged environment (“Riskful […]
The European Union and the Philippines will resume negotiations on a free trade agreement (FTA). The agreement is to include “ambitious market access for goods, services, investment and government procurement“, the EU Commission announced on Monday. In addition, digital trade and trade in raw materials and energy are to be simplified.Closer cooperation with Indo-Pacific countries […]
Aside from the threats posed by the US Inflation Reduction Act, it is important to recognize the potentially much broader threat posed by China’s industrial policy counterpart, “Made in China 2025.” China has been Germany’s biggest trading partner for eight years and also plays a significant role as an economic partner. China has increasingly competed […]
According to a media report, China’s EU ambassador, Fu Cong, will be appointed to another post. Fu will leave Brussels for New York to become the new Chinese ambassador to the United Nations, Bloomberg reported, citing people familiar with the matter. 58-year-old Fu has served in Brussels since December 2022.The post had previously stood vacant […]
After two failed attempts, the third attempt was successful: The EU Supply Chain Law achieved a qualified majority in the Committee of Permanent Representatives on Friday. The EU legislation has thus cleared an important hurdle, but it still has to be confirmed by the EU Parliament at the end of April. The EU Supply Chain […]