So now it’s certain: The top foreign policy officials of the USA and China will meet in Anchorage, Alaska, on Thursday next week. The foreign ministries of both countries confirmed the meeting, which was first reported this week by Hong Kong’s South China Morning Post. Attending from the US side will be Secretary of State […]
China’s military budget is seen as a barometer of how determined the country is to strengthen its military. And that is particularly significant in these times of growing uncertainty: The US and Europe increasingly see China as a strategic rival and are watching Beijing’s activities in the South China Sea – one of the busiest […]
China plans to increase its military budget again at a rate similar to “normal” years, despite the high cost of economic recovery in the wake of the COVID pandemic. Chinese experts expect an increase of around seven percent this year, according to state media, as reported by the dpa news agency. In 2020, China had […]
By 2030 at the latest, China wants to reduce its emissions of climate gases, and a carbon-neutral economy by 2060. With the next two five-year plans, Beijing must define in concrete terms how it intends to achieve these goals. The 14th Five-Year Plan (5YP) for the years 2021-2025, which is now to be approved at […]
In China, it is as in the USA: at some point, success-hungry technology startups want to take the big step and go public. Ever further expansion requires capital, and that is what an IPO brings in. While earlier Internet companies such as sohu.com were primarily aiming for the Nasdaq tech exchange in New York, some […]
From 2022, one of the cornerstones of economic policy from the 1990s will fall in China: the so-called joint venture compulsion. Until now, foreigners have been allowed to hold a maximum of 50 percent of the shares – and to operate a maximum of two joint ventures. Both will be abolished in 2022 – it […]
So now they actually did talk on the phone before the Chinese New Year: The new US President Joe Biden and his Chinese counterpart Xi Jinping. Admittedly, we are far from knowing every word exchanged. But both presidents made their own statements known. According to this, one thing stands out above all: The tone is […]
China’s borders are virtually closed. There are hardly any international flights, and getting a visa has never been so difficult. Anyone arriving in China must spend at least two weeks in quarantine – in Beijing and the southern province of Guangdong currently even three to four weeks. Several Covid tests before and after arrival are […]
A wave of spent batteries is rolling toward China: Worn-out or badly slowed batteries from the country’s ever-growing EV fleet. These are not simply allowed to go to waste. EV makers are obligated to take care of recycling – to use raw materials sparingly and to protect the environment and climate. Worn-out but still functional […]
German companies have high hopes for the Chinese market in this challenging Covid year. According to a survey by the German Chamber of Commerce (AHK) in China, 77 percent of German companies expect the market in the People’s Republic to develop much more positively than in other economies. This optimism holds true despite all the […]