China has announced plans to tighten controls and regulate the production of three chemicals used in the manufacture of illegal fentanyl. The White House made the announcement on Tuesday. In a statement, National Security Council spokesman Sean Savett said that this was the third significant measure of this kind since the USA and China resumed […]
The flying cars subsidiary of the electric car start-up Xpeng has secured a financing round of 150 million US dollars that it needs to start mass production. As the business magazine Caixin reported on Tuesday, XPeng Aeroht did not name the investors in the round coordinated by the government in Guangzhou. However, at least three […]
All Chinese cities must now include residents without local household registration (hukou) in the local public health insurance scheme. According to the State Council, major cities such as Beijing and Shanghai must now also grant migrant workers and their children access to basic health insurance – just like their urban fellow citizens. The largest cities […]
More than a decade ago, the then-world-leading German solar manufacturers collapsed as Chinese companies entered global markets, coinciding with Berlin ceasing support for the sector. Since then, China has dominated the global photovoltaic market, holding a 90 percent market share in solar installations, with even higher shares in some components. Now, some European solar companies […]
The USA will postpone the introduction of high punitive tariffs against various Chinese imports by at least two weeks, the Office of the US Trade Representative (USTR) announced on Tuesday. These include electric cars and their batteries, computer chips, and medical products. The tariffs originally should have come into force on Thursday (August 1). According […]
Boris Pistorius is not yet allowed to leave for his summer holiday. Germany’s Minister of Defense flew to Hawaii on Tuesday. However, it was not the beach that awaited him there, but the world’s largest military exercise, Rimpac 2024. This year, the German Armed Forces are participating in the annual exercise of the Indo-Pacific countries […]
The Ukrainian government has invited China’s Foreign Minister Wang Yi for a return visit. According to a foreign ministry spokesperson in Kyiv, Beijing has shown interest. “We are ready to welcome Minister Wang Yi in Ukraine to see first-hand the consequences of the Russian aggression against our country and hold deeper bilateral talks with him […]
Purchase subsidies for cars are one of the key elements with which China intends to boost consumption after the so-called Third Plenum. According to a report in the China Securities Journal, the powerful Development and Reform Commission (NDRC) wants to double cash subsidies for EVs and smaller gasoline-powered cars up to 2.0 liters to 20,000 […]
China’s state-owned rare earth companies are increasingly in the negative as prices fall. As the Japanese newspaper Nikkei Asia reported on Tuesday, the Shanghai-listed rare earth company “Rising Nonferrous Metals” from Guangzhou had to admit that it expected a net loss of between 271 million yuan and 311 million yuan (37.33 million to 42.84 million […]
China continues to experience heavy rainfall. The deadly rains that devastated the south moved north and hit the previously drought-stricken central province of Henan and the northern province of Hubei. On Sunday, four people were killed in the city of Suizhou in Hubei when their car was washed into a river by the floods. Large […]