The Netherlands has extended its export restrictions on chip manufacturing machines. As the government in The Hague announced on Friday, it will tighten export licensing requirements for immersion lithography systems from global market leader ASML, aligning the Netherlands’ rules with those of the United States. The machines in question are the ASML models 1970i and […]
Two of China’s leading state-backed brokerages have announced their merger. Guotai Junan Securities and Haitong Securities intend to merge to form the country’s largest securities entity, as Nikkei Asia reported on Friday. Guotai and Haitong will merge through a stock swap. Both companies emphasized that the plan still has to be approved by the supervisory […]
On Sept. 15, export controls come into force in China for the metal antimony, which is required for car batteries and solar panels, but also for weapons and military equipment such as ammunition and night vision devices. After gallium, germanium and high-purity graphite, it is the fourth metal for which Beijing regulates exports. It is […]
Turkey has officially applied to join the BRICS group of major emerging economies, Bloomberg reported on Tuesday, citing insiders. The aim of the membership application is to strengthen Turkey’s global influence and forge new relationships beyond its traditional Western allies. With this move, Recep Tayyip Erdogan’s government believes that the geopolitical focus is shifting away […]
China’s trade dispute with Canada is picking up momentum. On Tuesday, Beijing announced that it would initiate an anti-dumping investigation against Canadian rapeseed imports. The move is a response to Ottawa’s decision to also join the US decision to impose a 100 percent tariff on Chinese EVs, as well as a 25 percent tariff on […]
The two state-owned shipbuilding groups, China CSSC Holdings and China Shipbuilding Industry (CSICL), have announced their merger. As Nikkei Asia reported on Tuesday, the two listed companies have signed a letter of intent to this effect. Trading of their shares will be suspended on Tuesday for an expected ten trading days to avoid irregular price […]
Dutch-English writer, essayist and historian Ian Buruma has a keen sense of the big and small connections in world history. Buruma has authored numerous books, including on Chinese cultural phenomena and the fate of Chinese dissidents. Fabian Peltsch spoke with him about how the upcoming US elections will impact relations with China and its rise […]
According to management consultants PwC, German automotive suppliers are losing ground to their Chinese competitors. “Although they are increasing their expenditure on research and development, decisive innovations are rarely coming from Germany and more often from Asia,” the industry experts state in a new study. They examined key performance indicators from 84 of the top […]
China’s ailing solar sector is apparently about to see the biggest takeover in its history. One of the industry leaders, Tongwei, has announced the acquisition of a majority stake in ailing competitor Runergy. Tongwei will pay up to five billion yuan (634 million euros) for 51 percent of the shares. According to climate analysts at […]
It is no secret that Washington sees China – and not Russia – as the biggest security threat. Just how important an understanding with the People’s Republic is for Joe Biden in the last few meters of his presidency is now demonstrated by the fact that he sent his National Security Advisor Jake Sullivan to […]