Carlos Tavares, CEO of the car company Stellantis, gave as the reason for the withdrawal of the Jeep brand over possible government interference in its business, Bloomberg reports. He stated that the company wanted to break away from the Chinese market to avoid becoming a victim of political tensions. Tavares cited punitive measures against Western […]
Two new studies have gathered ample evidence that the Wuhan wild animals market is the source of the Covid pandemic, as suggested early on. Analysis of samples from the first wave of the disease showed that the virus first appeared near the market, researchers from the National Institutes of Health (NIH) report in the scientific […]
Oliver Blume will become the new CEO of the Volkswagen Group in September. From China.Table’s perspective, this is an exciting decision. Blume graduated from the renowned Tongji University in Shanghai in 2001. This brings a true China expert to the top of a DAX company. Since several mistakes were made by his predecessor on the […]
Zhao Peng will become President and Party Secretary of China Life Insurance Co. Ltd, a listed subsidiary of China’s largest life insurer. This was reported by business portal Caixin with reference to well-informed circles. Chen Shuang, former Party Secretary of real estate developer Everbright, is under suspicion of corruption. The Party’s disciplinary commission has launched […]
Volkswagen China has presented a flight-ready prototype of its V.MO air cab. The company calls it a product for future “urban air mobility,” which is intended to help solve China’s traffic problems. The device takes off and lands vertically like a helicopter. It is powered by batteries. There is space for four passengers. The company […]
According to a blog post, the car-sharing branch of mobility service provider DiDi Chuxing is experiencing difficulties. An employee shared information about the bankruptcy on Weibo, Pandaily reports. Previously, authorities imposed a billion-dollar fine on the parent company to sanction it for its business practices (China.Table reported).For years, the company had burned money to offer […]
The U.S. Parliament on Wednesdaypassed the long-awaited bill to strengthen the domestic semiconductor industry against China . Members of both camps, Democrats and Republicans, voted in favor of the “Chips and Science Act,” as the law is called in Washington political slang. This resulted in a clear majority of 64 votes; only 33 senators voted […]
China’s first dedicated medium-range passenger jet is about to receive its certificate of airworthiness. The first six completed models of the Comac C919 have successfully completed their test flight program; all that remains is the evaluation of data and official certification by the authorities. It is not yet known when the certificates will be issued. […]
Li Lina is now Director for Asia Strategy at the Pool-fund on International Energy (PIE) at the European Climate Foundation (ECF) in Berlin. Previously, she worked in Berlin at the climate consultancy Adelphi. Li Huanting of the Henan Provincial Financial Supervisory Authority is facing disciplinary proceedings. The reason is the banking crisis in the region, […]