Author

Fabian Peltsch

Fabian Peltsch Published: July 4th, 2024

04.07.24_Edi_

The deadline approaches – overnight into Friday, the EU’s provisional additional tariffs on Chinese vehicles will come into effect. Negotiations thus far have yielded no resolution, report Amelie Richter and Till Hoppe. Manufacturers must brace for the rates announced in June – meaning between 17 and 38.1 percent on top of the existing ten percent. […]

Fabian Peltsch Published: July 4th, 2024

Study: Where the German industry remains dependent on Chinese parts

The dependency of the German industry on foreign suppliers has slightly increased since 2020. This conclusion comes from a new study published on Wednesday by the Prognos Institute. The study finds that direct import dependency has fundamentally remained unchanged despite increasing risks, and in most sectors, it has even slightly increased. The study was commissioned […]

Fabian Peltsch Published: July 4th, 2024

04.07.24_Dessert

Wedding sweets, known as 结婚喜糖, are an important part of Chinese wedding celebrations. They are carefully chosen and symbolize good luck, success and healthy offspring depending on their names. However, due to the declining marriage rate, their demand has significantly decreased. This trend is noticeable even in cityscapes, such as in Zigu Street in Nanchang, […]

Fabian Peltsch Published: July 3rd, 2024

Gas turbines: Why Germany prohibits the sale of MAN division to China

According to government circles, the sale of Volkswagen’s gas turbine business to China has failed because of a veto by the German government. The gas turbine division of MAN Energy Solutions cannot be sold to the Chinese CSIC Longjiang GH Gas Turbine Co (GHGT) under the Foreign Trade and Payments Act because its parent company, […]

Fabian Peltsch Published: July 2nd, 2024

Italy: How customs seized drug precursors worth millions

Italian customs investigators seized a Chinese shipment of over six tons of raw materials for the production of synthetic drugs at Milan’s Malpensa Airport on Monday. According to the officials, the goods are worth 630 million euros. The precursors included substances used in the production of pills, such as ecstasy with the high-dose active ingredient […]

Fabian Peltsch Published: July 2nd, 2024

02.07.24_Dessert

Does China have a Jurassic Park? Social media users asked themselves this question last week when a video quickly went viral with millions of views. It shows a village whose residents seemingly managed to breed dinosaurs. As it turned out, the video was filmed to look like a TV report and was made solely with […]

Fabian Peltsch Published: July 2nd, 2024

02.07.24_Personal details

Jianwei Zhang will become Chairman of Bombardier China with immediate effect. The Canadian aircraft manufacturer continues to be represented in China with long-haul aircraft and offers maintenance and support services at a service center in Tianjin.Joost Soomers has been Inventory Team Manager for Greater China at KLM since June. He previously was the Revenue Management […]