During the visit of US climate envoy John Kerry to Beijing, China and the US showed that the two feuding powers can work together harmoniously after all. In a meeting with high-ranking Chinese diplomat Wang Yi on Tuesday, Kerry said: “Our hope is that this can be the beginning of a new definition of cooperation […]
The Beijing statistics office on Monday reported growth of 6.3 percent for the second quarter and 5.5 percent for the first half of the year. This is a strong plus, which speaks for a stabilization of the situation after the economic reports looked consistently bleak in the past months. Despite weak key data, the government […]
To achieve its climate goals, China develops several technologies in parallel. This includes the capture and storage of carbon dioxide (CO2). At the beginning of June, the country’s first offshore carbon storage facility was put into operation. It is located on the Enping 15-1 oil rig, about 200 kilometers off the coast of Shenzhen. The […]
Shortly after Secretary of State Antony Blinken, US Treasury Secretary Janet Yellen travels to China on Thursday. Her four-day visit indicates that diplomatic travel between Beijing and Washington is finally picking up pace after the pandemic. However, this does not mean that tensions are decreasing.Yellen’s team preferred to manage expectations ahead of her arrival. “Significant […]
In response to the Starlink system of US billionaire Elon Musk, China begins to build its own satellite network for space-based internet. In mid-June, Chinese state media reported that a ship in the South China Sea had successfully established an internet connection to a total of 14 satellites for the first time. The Chinese satellite […]
Premier Li Qiang calls for an end to talk of dependencies at China’s Summer Davos in Tianjin.At the start of Summer Davos, China’s Premier Li Qiang struck similar notes as he did during his inaugural visit to Germany: In the opening speech of the three-day economic summit in the eastern Chinese metropolis of Tianjin on […]
The retail giant Alibaba has announced a surprising change in its top management: Daniel Zhang, longtime group Chief Executive, resigned from his post. Eddie Wu, previously head of the Taobao and Tmall platforms, takes over as CEO, the company announced Tuesday. Joseph Tsai, previously a deputy on the board, will become Chairman.The change comes at […]
Ahead of the start of the government consultations with China, the German business community is calling for a detailed discussion of the potential for new cooperation at the meeting. “In developing the China strategy in recent years, much effort has been devoted to the question of how we can deal with China as a competitor […]
Even earlier than last year, China is struggling with unusually high temperatures this summer which could further slow down the economic recovery. Two weeks ago, Shanghai recorded 36.1 degrees, the highest May temperature in over 100 years. A total of 446 Chinese cities reported record temperatures last month. The forecast predicts temperatures of up to […]
The high expectations of German companies for a strong economic recovery after the end of the strict pandemic measures in China have not been fulfilled. Jens Hildebrandt, Executive Member of the Board of the German Chamber of Commerce (AHK) in Beijing, left no doubt about this when he presented the results of the first Business […]