Despite the sanctions imposed on Russia following the attack on Ukraine, its most important export commodity is still flowing abroad unchecked. Europe also continues to purchase crude oil from Russia. However, while the EU wants to reduce its imports by 90 percent, China has now positioned itself as the most important buyer. In the spring, […]
Sebastian Haupt has been Manager Corporate Business Development China Vans at Mercedes-Benz AG since June. Haupt has been working for Daimler since 2008. Most recently, he was responsible for the Cooperation & Industrialization Strategy Van division as Manager. His place of work remains Stuttgart.Li Shulei is to become deputy head of the CCP’s propaganda department. […]
China has launched an insurance package designed to ease the fear of Covid-19 vaccination among the elderly. According to a report in the Financial Times, several cities across the country are providing citizens aged 60 and older with free insurance that will pay out the equivalent of up to $75,000 should illnesses occur as a […]
The lockdown in Shanghai is coming to an end. But in many areas of daily life, Covid measures have even intensified social restrictions. This applies not least to public criticism of government decisions: Chinese economists have been systematically silenced in the past weeks. Any criticism about the economic consequences of the Covid measures remains undesirable, […]
According to Taiwan’s Ministry of Defense, 30 Chinese aircraft, including more than 20 fighter jets, have violated Taiwan’s so-called air defense zone. In response, the Taiwanese armed forces had mobilized aircraft and air defense systems to monitor activities in the airspace over the Pratas Islands. This is the second-largest maneuver of Chinese aircraft near Taiwan […]
While the lockdown in Shanghai is largely lifted as of today, car manufacturers Tesla and VW have decided to continue isolating workers in their Shanghai factories in a closed loop. This concept isolates workers from the rest of society. They live, work and sleep in the factory or office. This is intended to keep the […]
Shanghai authorities have promised significant relaxation of Covid regulations for Wednesday, June 1. To remain in public spaces or use public transport, only a negative PCR test no more than 72 hours old will be required starting Wednesday. Previously, a 48-hour test was required. On Wednesday, 240 financial institutions are scheduled to reopen. Shopping malls […]
China has closed its airspace to Russian aircraft, whose legal status is currently unclear. Accordingly, landing and overflight permission has been withdrawn from Boeing and Airbus aircraft. This is China’s response to Western sanctions against Russian airlines.The EU and the US had banned the supply of civilian aircraft and spare parts to Russia, as well […]
Human rights should be given “greater weight in German economic policy,” Robert Habeck declared in a recent interview. To prove how serious he is, the German Minister of Economics wants to make an example of VW. The German automaker is to be denied investment guarantees for its plant in Urumqi, citing human rights violations in […]
Activist and former Hong Kong law professor Benny Tai was sentenced to ten months in prison on Tuesday over illegal election spending. The 57-year-old is accused of commissioning several newspaper advertisements supporting pro-democracy election candidates in 2016 for an amount of HK$253,000 ($32,200).Prosecutors explained that the ads violated Hong Kong election laws, and unduly influenced […]