In a sign of a slight easing in relations, China and the United States have agreed to deepen their trade talks. “It is extremely important that we have a stable economic relationship that is beneficial to both countries and that the world expects from us”, US Commerce Secretary Gina Raimondo said Monday during a meeting […]
In a sign of slightly easing tensions, China and the US have agreed to deepen their trade talks at the start of US Secretary of Commerce Gina Raimondo’s visit to Beijing. “It is profoundly important that we have a stable economic relationship which is to the benefit of both of our countries and, in fact, […]
The recent announcement by China’s National Bureau of Statistics that it will no longer publish figures on youth unemployment triggered irritation and mockery. Officially, a spokesperson for the authority justified the change by saying that the office needed to revise its data-gathering methodology. In reality, it does not take much imagination to guess the real […]
Before their big summit from Tuesday to Thursday in Johannesburg, the BRICS states had to make a difficult decision. An international arrest warrant has been issued for Vladimir Putin for alleged war crimes. Upon his arrival in South Africa, he would have had to be arrested immediately.The Russian President will now stay in Moscow and […]
Before their big summit from Tuesday to Thursday in Johannesburg, the BRICS states had to make a difficult decision. An international arrest warrant has been issued for Vladimir Putin for alleged war crimes. Upon his arrival in South Africa, he would have had to be arrested immediately.The Russian President will now stay in Moscow and […]
Large parts of China are currently experiencing an unusual heatwave. If what researchers predict in a new analysis comes true, then the People’s Republic is likely to be affected by extremely high temperatures much more frequently in the future.The warning comes from the World Weather Attribution Research Group, an international consortium of climate researchers. According […]
There is a surprising change at the top of the Chinese coffee market: For the first time, Starbucks is no longer the best-selling company in China, but the domestic aggressor Luckin Coffee. The Xiamen-based company turned over 6.2 billion yuan (783 million euros) between April and June, up 88 percent year-on-year. Profit was 999 million […]
The first large cruise ship built in China has completed its maiden voyage. The ship christened the “Adora Magic City”, arrived back in the port of Shanghai a fortnight ago after eight days of sea trials. The “Adora Magic City,” with a displacement of 135,500 tons and 324 meters in length, has 2,125 rooms and […]
To some observers, it seemed like a surrender of the German car industry: Last week, Volkswagen announced plans to acquire a stake in the small Chinese EV start-up Xpeng (小鹏汽车 ). For 700 million euros, Volkswagen secured a five percent stake in the Guangzhou-based company. The Germans indirectly admitted that the company could not catch […]
After their failed debut, Chinese companies are keen to make up lost ground as quickly as possible in the race for AI language models such as ChatGPT. The Chinese internet company Baidu recently announced to have already significantly improved its Ernie Bot.In late June, the company pointed to a test in the state-run newspaper China […]