German virologist Christian Drosten considers the current situation in Hong Kong highly interesting from a scientific point of view. In hardly any other highly developed, statistically well-monitored region with a solid healthcare system is the vaccination rate among elderly citizens this low. Whereas in Germany or Japan more than 90 percent of its oldest citizens […]
China shares on the Hong Kong Stock Exchange experienced a brutal crash on Monday. The stock market index, the Hang Seng China Enterprises Index, closed down 7.2 percent below the previous day’s value. This is the biggest drop since the 2008 crisis. The index includes share certificates of mainland Chinese companies listed in Hong Kong. […]
China will not supply aircraft components to Russia for the time being. That was an important piece of the larger political puzzle on Thursday. While Beijing pays lip service to Russia’s support, there has been precious little tangible action so far. Yet anything that cushions Western sanctions would be extremely valuable to Russia. Using China’s […]
Sales of new energy vehicles (NEV) rose by 189 percent in February compared to last year. This was reported by the China Passenger Car Association (CPCA). According to the report, BYD continues to lead the electric drive market, both for hybrids and for pure-battery EVs. Saic, Tesla, Geely, GAC Aion and Great Wall follow closely. […]
China has announced humanitarian aid for Ukraine – but is limiting it to the small amount of ¥5 million (€720,000). Ukraine has requested “food and daily necessities,” a government spokesman said on Wednesday. Only supplying a small amount is in line with China’s deliberately ambiguous signals in the conflict. China has shown concern about the […]
A member of the Chinese People’s Political Consultative Conference (PCC) has proposed a law to promote the “reunification” with Taiwan. It would mandate state institutions to work toward the island’s “return to the motherland.” The proposal was put forward by MP Zhang Lianqi. The PCC can be described as the advisory chamber of the Chinese […]
Two board members of telecoms equipment maker Huawei in the UK have resigned their posts to protest an alleged failure by the company to distance itself from the invasion of Ukraine. This was reported by the BBC on Wednesday evening. Huawei, in turn, thanked Sir Andrew Cahn and Sir Ken Olisa for providing their market […]
David Chu joins Chinese venture investor Qiming Venture Capital as a partner. Qiming manages $6.2 billion in investor money. Joe Sery, former owner of the US company Tungsten Heavy Powder & Parts, has been arrested. The company is accused of illegally supplying weapons components to China.
China is facing a poor wheat harvest. The yield could be the “worst in history,” Agriculture Minister Tang Renjian said on Saturday at the National People’s Congress. The statement raises concerns about global grain supplies. Russia and Ukraine are among the biggest exporters of wheat, corn and sunflower oil. If China now uses its great […]
This year’s National People’s Congress is a particularly grueling affair. For the third time, its deputies have been meeting under Covid restrictions this weekend. And the party is under growing pressure to continue spreading optimism. While managing the economy is starting to prove difficult due to the imbalance in the real estate market, new troubles […]