Chinese companies snatch up public construction tenders for giant bridges in Croatia, while EU companies are not even allowed to bid on similar projects in the People’s Republic. This is exactly what the International Procurement Instrument (IPI) is supposed to change. With this new EU regulation, the Commission wants to break up the Chinese procurement […]
Container congestion off Chinese ports has kept European logistics companies busy for many months. Due to the lockdowns of Chinese coastal cities, more ships are now waiting again, as Christiane Kühl reports. Analysts already call the container ships floating warehouses. Port operators in Europe expect even more confusion in 2022 than already in 2021, because […]
Daniel Zittel has been appointed the new CEO of Daimler China’s bus and truck division in Beijing at the beginning of the month. Zittel was previously Head of Sales for Mercedes-Benz Truck & Fuso in Berlin.
Chinese drone manufacturer DJI has announced the temporary suspension of all business operations in Russia and Ukraine. “DJI is internally reassessing compliance requirements in various jurisdictions,” the global leader said in a statement. As a result, business in the two countries will be temporarily suspended. The company did not cite the sanctions against Russia. DJI […]
In our Wednesday issue, we reported on China’s waning interest in investing in Europe. In particular, spending on company acquisitions is declining. Acquisitions of German companies by Chinese investors have frequently come under fire in the past. Now Berlin has refused the buyout of Heyer Medical AG by Aeonmed Group from Beijing – the deal, […]
According to a media report, the USA is investigating whether the Chinese chip manufacturer Yangtze Memory Technologies (YMTC) has violated US export controls. The background is said to be a supply of semiconductors for a new smartphone to Huawei, as the Financial Times reported, citing sources in the US Department of Commerce. The ministry and […]
China’s shopping spree in other countries seems to be history for the time being. Spending on corporate acquisitions fell to its lowest level in 14 years, according to a new study by Rhodium Group and Mercator Institute for China Studies (Merics). “Compared with the peak periods around 2016, Chinese investment has settled at a low […]
Four people were killed in a suicide attack in Pakistan. Three victims have been reported to be Chinese citizens. The attack on the campus of the University of Karachi killed the director of the local Confucius Institute, one of the institute’s academic staff, another Chinese woman and a Pakistani man. According to media reports, another […]
The European Commission has approved a multi-million euro financing package in the trade dispute between Lithuania and China. Lithuanian companies affected by Chinese trade restrictions will be provided with aid worth around €130 million, the EU Commission announced on Tuesday. The proposal for state assistance was submitted to Brussels from Lithuania. The aid is to […]