Amid growing tensions with China, Taiwan has welcomed another delegation of high-ranking politicians. The group led by Eric J. Holcomb, governor of the US state of Indiana, met Taiwanese President Tsai Ing-wen in Taipei on Monday. “I’m committed to building an economy of the future with these global partners who are helping propel Indiana forward […]
Shang Xu has taken over as Director Head of Holistic New Technology at VW China. Xu previously spent three years helping to shape the automaker’s battery strategy in China. In his new position, he is responsible for the supply chain and procurement strategy of high-voltage batteries, semiconductors, raw materials, and the fields of connectivity and […]
China’s central bank plans to help the struggling economy, which has been hit by the real estate and Covid crises, with another interest rate cut. The one-year loan prime rate (LPR) was cut by 5 points to 3.65 percent on Monday, according to a Reuters report. The key rate for five-year loans fell by 15 […]
According to local authorities in Hong Kong, 29 of the 47 pro-democracy activists charged with “conspiracy and subversion” under the National Security Act have pleaded guilty. Among them are well-known political leaders such as Joshua Wong and Benny Tai. Eighteen other defendants pleaded not guilty.It is still unclear what sentence the Hong Kong High Court […]
Li Keqiang admitted during a speech in Shenzhen that China is facing significant economic challenges. In the second quarter, the country had to fight “shocks beyond expectations,” China’s premier said at a meeting with local government representatives in the southern Chinese metropolis of Shenzhen. “Now is the most critical moment for economic recovery,” Li added.In […]
Paulius Lukauskas, currently an advisor to Lithuania’s Prime Minister Ingrida Šimonytė, will head the Taiwan Trade Representative Office in Lithuania, which is scheduled to open in September. According to prevailing international practice, however, the office will not have “Taiwan” in its title, but will be called “Lithuania’s Representative Office in Taipei.” Last fall, a “Taiwan […]
As a result of heavy flooding, 16 people have died in the western Chinese province of Qinghai, state media reported Thursday. Another 36 are missing. Heavy rains had surprised the autonomous county Datong late Wednesday. In the mountains, the water masses caused landslides. More than 6,200 people were affected by the floods. Datong is mainly […]
After more than a year of boycott, H&M is once again allowed to sell products on the Chinese e-commerce platform Tmall. The Swedish textile retailer, which has a good 14 million subscribers on Tmall, had been removed from Tmall and other online retail sites in March 2021 due to critical statements about the origin of […]
With its 16+1 format, China wanted to weaken the EU’s position in Eastern and Central Europe in the long term. But ten years after the foundation of the economic initiative, disillusionment is now spreading. The economic benefits are limited. Financial aid has turned out to be smaller than expected. Negotiations have been tough, and political […]