According to reports, the Chinese car manufacturer Great Wall Motor plans to build a plant in southern Hungary. The plant and the associated infrastructure are to be built near Pécs, close to the Croatian border, according to the website of the Hungarian-Chinese Chamber of Commerce, citing informed sources.The plan reportedly involves the development of an […]
In Brussels, a clause in the proposed EU packaging regulations is being hotly debated: The requirement stipulates that manufacturers in China and elsewhere around the world would be obligated to adhere to the standards for recycled plastic packaging applicable in Europe. If recycled plastic from China does not meet the same standards demanded by manufacturers […]
For over four months now, the employees of the scrapyard SRW Metalfloat in Espenhain near Leipzig have been on strike for a collective agreement. It’s the longest strike in German history; the Chinese investor of the parent company Scholz Recycling GmbH is currently blocking any negotiations. The strike activity will reach the capital city on […]
Jan Klues has been Manager Production Network Strategy China & CKD/SKD at Mercedes-Benz AG in Stuttgart since the beginning of March. He was previously a management trainee at Mercedes.Kevin Horlacher has been Manager Interior Development at Mercedes-Benz Group China in Beijing since the beginning of the month. Horlacher was previously module group spokesperson for cockpit/door […]
Beijing’s Special Representative on Eurasian Affairs, Li Hui, was in Berlin for talks on Saturday. As the state-run Global Times reported on X, Li met with Thomas Bagger, State Secretary at the German Foreign Office. During the meeting, Li warned against a further escalation in the war against Ukraine. This would not be “in line […]
Consumer prices in China have risen for the first time in six months, thanks to the Chinese New Year. According to data released by the National Bureau of Statistics (NBS) on Saturday, the Consumer Price Index (CPI) rose by 0.7 percent year-on-year in February. Economists fear that China is heading into deflation, with people saving […]
Last weekend, our deputy editor-in-chief Helene Bubrowski accompanied Germany’s Economy Minister Robert Habeck on a visit to the US. There, Habeck tried to explain Germany’s China strategy to his American counterparts: More skepticism when doing business with China – but no outright decoupling. Conversely, the Biden administration demanded more pressure on China and reduced trade. […]
Carlson Tong will become the new Chairman of the Hong Kong Stock Exchange after April 24. He previously held the position of chairman of KPMG China.Oliver Matthees joined Eugina Limited in Hong Kong as Sales Director at the beginning of the month. Until the end of January, he was Director of Sales Asia Pacific at […]
FBI Director Christopher Wray recently upped the ante in America’s anti-China campaign. In congressional testimony on January 31, he sounded the alarm over intensified Chinese hacking activity and warned that US infrastructure – telecommunications, energy, transportation, and water – is acutely vulnerable to the Chinese state-sponsored hacker group Volt Typhoon. Front-page coverage by the New York Times added to the sense […]
The European Union is taking initial steps towards a possible retrospective imposition of import tariffs on Chinese EVs. According to a document published by the Brussels authority on Tuesday, the European Commission has sufficient evidence of state subsidies for Chinese EVs. Therefore, it is planned to begin the registration of these imports by customs. This […]