US President Donald Trump and China’s President Xi Jinping could speak on the phone as early as this week. This was confirmed by Trump’s press secretary Karoline Leavitt on Monday. US Treasury Secretary Scott Bessent had already indicated on Sunday that talks would take place “very soon. ” The focus will be on urgent trade […]
Wenjie Zhang will become the new Citi Country Officer and Banking Head for China, as well as President and Managing Director of Citibank China, effective July. Zhang has over 30 years of experience in corporate and institutional banking. Most recently, he was President for China and Head of the Shanghai Branch at Bank of America […]
Cai Yuguo joined the German mechanical engineering company Peiseler GmbH & Co. KG as Technical Sales Manager for East Asia with a focus on China. The automotive engineer (Cologne University of Applied Sciences) has more than 14 years of professional experience in technical sales, project management and international customer support. Before his current position, he […]
Klaus Hartmann has been serving as Regional Director Sales Denza at BYD Europe since March. Before that, he spent four and a half years at INEOS Automotive, where he most recently held the positions of Managing Director Europe and Director Sales & Marketing Europe. Hartmann began his career at Daimler in 2004, holding various leadership […]
The parent company of e-commerce retailer Temu has been hit by declining demand in its Chinese home market. The net profit of Pinduoduo Holdings declined by almost half to 14.74 billion yuan (approximately 1.8 billion euros) in the first quarter, as announced on Tuesday. Revenue came to just under 96 billion yuan, well below analysts’ […]
China has stated that it has never supplied lethal weaponry to conflicting parties in the Ukraine war and strictly controls the export of dual-use goods. This was stated by the Foreign Ministry on Tuesday in response to reports from Ukraine about Chinese shipments to Russian arms manufacturers. “The Ukrainian side is well aware of this. […]
Chris Hamilton joined Changan LCV in Chongqing as Global Design Director in April. At the Chinese car manufacturer, he is responsible for the design strategy and series development of light commercial vehicles for international markets. Previously, Hamilton was Design Director at the British engineering service provider Contechs for over two years. He spent the majority […]
Al Chen has joined Danish Arla Foods Ingredients as Head of Commercial China in April. Born in New Zealand, he has over 15 years of experience in the industry: Most recently, he spent around two and a half years in various management roles at Tirlán, an Irish dairy and agricultural company – including Regional Director […]
An article featured in the May issue of the Chinese military magazine Naval and Merchant Ships provides a detailed description of how the Chinese military could cripple the island through coordinated attacks against critical infrastructure in Taiwan without direct combat operations.According to the article, 30 to 40 “super-critical” targets – including power plants, LNG terminals […]
Volkswagen is receiving rare earth magnets from China despite supply restrictions. “We remain in close contact with our suppliers and have indications that a limited number of magnet suppliers have received export licenses,” the company said in response to questions from Reuters.According to industry sources, at least four Chinese companies have received approval from Beijing […]