Despite geopolitical uncertainties, BASF intends to continue focusing on the Chinese market. The chemical company expects around 80 percent of global growth in chemical production to be generated in China by 2030, CFO Dirk Elvermann told the news agencies dpa-AFX and dpa. “As a global chemical company, we want and need to be part of […]
With the goal of establishing a solid-state batteries supply chain by 2030, China’s leading battery and electric car manufacturers have founded a joint consortium orchestrated by the government. The name: China All-Solid-State Battery Collaborative Innovation Platform (CASIP). This was reported by the Japanese news agency Nikkei. CATL and BYD, who are actually rivals in the […]
Lego managed to come up with a particularly impressive set for the New Year: A dim sum restaurant, complete with the carts that were once common in the often multi-story restaurants in Hong Kong and Guangzhou. Mostly older women pushed these little carts around and offered their specialties with loud cries. They are rarely seen […]
According to human rights activists, the Chinese government forces more than 80 percent of Tibetan children into boarding schools. The Protestant Press Agency (epd) quotes the Society for Threatened Peoples as saying that children as young as four are often separated from their parents for months because state boarding schools are located hundreds of kilometers […]
In the West, we know the dragon as a fire-breathing monster that spreads fear and terror. In the Far East, however, the dragon is associated with a wise, benevolent and divine mythical creature that protects against evil spirits.When around 1.5 billion people from Chinese culture around the world celebrate the new Year of the Dragon […]
According to information from the Frankfurter Allgemeine Zeitung (FAZ), Chancellor Olaf Scholz is planning to travel to China on April 15 and 16. The newspaper cites a call for participants from the Asia-Pacific Committee (APA) of the German economy, which was sent to companies on Tuesday.The Asia-Pacific Committee, according to the FAZ, is compiling a […]
China’s state market regulator has approved the joint venture between car manufacturers Mercedes-Benz and BMW. In November last year, the companies announced plans for a joint network of fast charging stations for electric cars in China by 2024.The companies say that at least 1,000 public stations with around 7,000 charging points are planned across the […]
Due to the high demand for specialized AI chips and manufacturing issues, Huawei is forced to slow down its smartphone production, according to insiders. Several people familiar with the matter told Reuters that the yield of the facilities where these processors are manufactured is too low. The company declined to comment on the matter.Due to […]
According to the International Monetary Fund (IMF), the debt crisis in the Chinese property sector will prevent the economy from recording high growth in the long term. In a special report on China published on Friday, the IMF experts predict a slowdown in economic growth to 3.5 percent through 2028.Sonali Jain-Chandra, Mission Chief for China […]
For years, the largest mass migration of modern times has been the travel wave around Chinese New Year. But what is happening in the country this year is unprecedented. Over the next four weeks, a staggering number of nine billion trips are expected, with 7.2 billion by car, writes our China correspondent Joern Petring.However, this […]