Chinese financial service provider UnionPay is not taking over services of Mastercard and Visa in Russia, which have withdrawn from the country in response to the sanctions. As a result, Russian customers are currently unable to use credit cards. They have to continue to rely on the domestic debit card “Mir,” which only works within […]
First trip on new rails: This proud train sets off from the oasis city of Dunhuang in western China toward Thailand’s capital Bangkok. It is the maiden voyage on the new Gansu-Laos line.
Europeans who live in China, especially as employees of a large company, generally had a carefree life. The disadvantages of life in China were usually far away. Sometimes, the lack of the rule of law was a factor on a business level. But in private, life between meeting rooms, foreign schools, Starbucks and gyms was […]
The city of Shanghai reported 18,902 newly registered Covid infections on Wednesday. This is slightly fewer than on Tuesday, when the figure was 19,829. It is a good fifth below the previous week’s numbers. But a complete end to the lockdown remains nowhere in sight, even as authorities begin to ease the lockdown in certain […]
Tian Huiyu was removed from his position as chief executive officer of China Merchants Bank following rumors about corruption. He is to pursue other activities in the company for the time being. Chief Financial Officer Wang Liang will take over his position in the meantime. Rumors of the 56-year-old Tian’s involvement in shady dealings had […]
A sperm whale washed up on the beach in Xiangshan near Ningbo. On Wednesday, helpers managed to push it back into the sea. For stranded whales, desiccation is particularly dangerous. So the helpers repeatedly doused him with water from plastic buckets – and kept him wet enough. In the end, he calmly swam away.
China has imported less oil and coal from Russia in March. The country imported 14 percent less Russian oil and 30 percent less Russian coal compared to February, the customs authority announced on Wednesday. Imports of oil from Saudi Arabia had also dropped significantly. Officials cited a period of maintenance work in major industries as […]
China wants to build a trading hub for green power. Christiane Kühl analyzes for us today the difficult progress in this endeavor. She observes that it is taking a lot of time, but progress is being made step by step. In parallel, reforms in the power sector and the development of supra-regional power grids are […]
The large Shanghai lockdown spawns numerous memes. Like this pun on whether or not the lockdown will end at the end of May.