Dr. Liu, there is currently a growing fear that the spread of Omicron to China could take the supply problem to a whole new dimension. The German trade association BGA and the BDI are already alerted.These fears are definitely justified. Unfortunately, we must expect further disruptions; uncertainty is already increasing. As long as the pandemic […]
The ailing real estate giant Evergrande is to receive support from the Guangdong provincial government, according to a media report. The financial information service REDD Intelligence reports that the local authorities want to take care of the restructuring of the virtually bankrupt group. Among other things, the new administration is expected to divest the group’s […]
Kuno Gschwend is now Managing Director of Swiss Centers China. Swiss Centers supports companies from Switzerland on the Chinese market and operates five locations on the East Coast. Gschwend is based in Shanghai. He was previously Deputy Managing Director at Swiss Centers. Meng Li has moved from Schneider Optical Machines to the China subsidiary of […]
Currently, all attention is focused on e-mobility. But for the foreseeable future, gasoline-powered cars will still make up the majority of new registrations. China is therefore now also providing incentives to at least buy particularly fuel-efficient cars during the transition phase. Light, small, and clean gasoline engines will receive a “reasonable” subsidy, as the National […]
The eyewitness story of Mihrigul Tursun is currently shocking first readers. The Uyghur woman was detained in Xinjiang in one of these feared camps. One of her children died under unknown circumstances during this time. Tursun had attracted the suspicion of the authorities by studying abroad. She wrote about her experiences in her book, “Ort […]
The US government will temporarily cancel 44 flights operated by Chinese carriers Air China, China Southern Airlines, China Eastern Airlines, and Xiamen Airlines from the United States to the People’s Republic. This was the US government’s response to the Chinese government’s decision to suspend flights operated by US airlines over covid concerns. The suspensions will […]
Olympic gold medalist Georg Hackl sees the Olympic Games in Beijing endangered by the Omicron wave. In an interview with the German Sunday newspaper, Die Welt am Sonntag, the 55-year-old doubted the Games could be held if parts of different teams had to be continuously isolated. He outlined the scenario of a positive test in […]
Shawn Siu will become Executive Director of the troubled real estate group Evergrande. He replaces Lai Lixin. Evergrande is teetering on the brink of insolvency, which is also leading to a staff replacement. Siu comes from the group’s car division.Webb Ding will become Managing Director of the China subsidiary of Swiss biopharma specialist Oculis on […]
First contact between top diplomats: German Foreign Minister Annalena Baerbock met with her Chinese counterpart Wang Yi via video conference on Thursday. Baerbock and Wang assured each other that their countries’ cooperation should be based on international law. Coordination between China and Germany would be important in dealing with numerous crises.The German version also includes […]
Dennis Tak Yeung Hau is stepping down from his post as Group Vice President of Tencent Music Entertainment Group. He cites private reasons for his decision. CEO Ross Liang is taking over some of his responsibilities for the time being.Randy Jernejcic will be CEO of the first hospital opened by US hospital operator University of […]