Analysts at the think tank European Council on Foreign Relations (ECFR) stated the EU needs to counter economic pressure from China more effectively. In a report published on Tuesday, ECFR recommends further steps in addition to the planned anti-coercion instrument (ACI). A single instrument alone can guarantee success, the analysts write. “The EU needs to […]
新年快乐 you will certainly hear on all street corners these days. But there are other ways to wish your counterpart a happy new year:恭贺新禧 – gōng hè xīnxǐ (Happy New Year)or also恭喜发财 – gōng xǐ fā cái (congratulations and good economic success).Whichever greeting you choose: Welcome to the new Chinese year!In collaboration with the consulting […]
The Winter Olympics kick off this week. On Friday evening, the participating nations will march into the Bird’s Nest in Beijing’s north. However, just days before the opening ceremony, more and more new Covid cases are popping up, even in the highly sealed-off Olympic bubble. Officials expect another surge by the end of the week. […]
The Chinese economy has felt the Covid restrictions at the beginning of what is likely to be a difficult 2022: The Purchasing Managers Index for January signaled a decline, but remained just above the 50-point mark where growth is indicated. The country’s statistics office gave it at 50.1 points on Sunday, down from 50.3 in […]
The European Union has initiated proceedings against China at the World Trade Organization (WTO) over the trade blockade against Lithuania. Brussels submitted a request for consultation with China in Geneva on Thursday after concluding its investigation of the embargo, the EU Commission said. According to the statement, the EU has evidence that the People’s Republic […]
The U.S. House of Representatives this week introduced a comprehensive bill to strengthen U.S. competition with China. The nearly 3,000-page bill, called the America Competes Act of 2022, includes billions of U.S. dollars for the semiconductor industry in the United States. It also includes new provisions to strengthen U.S. relations with Taiwan and that of […]
Is everything already decorated for the Year of the Tiger? There are still a lot of red and gold trinkets left in Bangkok’s Chinatown for the Chinese New Year, which begins on February 1st. Large celebrations, as is usually the case around the Chinese holidays in the Thai capital, have been canceled due to the […]
China has scored another victory against the USA at the World Trade Organization (WTO). The WTO authorized the People’s Republic to impose countervailing duties worth $645 million against certain US imports in a case that has been pending for a good decade. The background to the case is a complaint filed by China at the […]
Karina Steinmetz has moved to Shanghai as Senior Manager R&D Satellite for Porsche China. Prior to this, Steinmetz held various positions at Porsche in Germany.Maximilian Dietz is the new Director Industrial Engineering for eMobility China at Schaeffler in Jiangsu. Among other things, Dietz is responsible for Industrialization, Production Technology and Cost Engineering for Schaeffler’s eMobility […]
US analysts have warned of severe repercussions for US-China economic relations if Washington enacts a planned sweeping legislative proposal for industry-specific restrictions regarding American investments in China. The so-called National Critical Capabilities Defense Act (NCCDA) could negatively impact US-China investment relations and the competitiveness of US companies in the People’s Republic, the analyst group of […]