When Xi Jinping and Vladimir Putin met in Moscow at the end of March, the Russian president had a seemingly big announcement after their discussions. The two countries had completed “all agreements” regarding the construction of the Power of Siberia 2 gas pipeline.What stood out was that the joint statement was much more cautious. The […]
On May 17, a tragic accident occurred in the middle of the Indian Ocean. Chinese state media reported the sinking of the deep-sea fishing vessel Lu Peng Yuan Yu 028. The ship carried a crew of 39, all presumed to have died.The disaster occurred 1000 kilometers south of Sri Lanka, far from Chinese waters. The […]
Jamie Dimon, arguably the world’s most famous banker, visited China this week for the first time since the end of the pandemic. The billionaire and head of JPMorgan tried to spread good vibes in Shanghai. But in reality, he probably is not pleased with how his bank is doing in the People’s Republic.China made a […]
If a hole were drilled from Beijing to the other side of the planet, one would end up in the South Atlantic, between Argentina and Antarctica. So hardly any other place could be further away from China’s center of power than the Antarctic region.Despite the enormous distance, China is harboring grand ambitions on the icy […]
When Elon Musk’s Starship recently blasted off on its first test flight, engineers at the Beijing Academy of Launch Technology (CALT) were watching very closely. After the launch, which ended with an explosion of the giant rocket, they published a detailed analysis of the flight and the reasons for its failure on Weibo.The Chinese interest […]
Bernard Arnault already succeeded Elon Musk as the world’s richest man last year. But since the beginning of the year, the head of the French luxury group LVMH, which owns brands such as Louis Vuitton, Moet & Chandon and Christian Dior, has once again significantly increased his lead.The Frenchman Arnault benefits from the opening of […]
China has rolled out the red carpet in Xi’an for the Central Asian states of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. President Xi Jinping welcomed the leaders of the five former Soviet states to a banquet Thursday to kick off a two-day summit. In the run-up, Xi held a series of talks with his guests. […]
Chinese companies face a serious problem in the race for AI language models like ChatGPT. They do not have enough chips capable of computing these complex models. Yin Qi, CEO and co-founder of Megvii, has now been surprisingly frank about the challenges the industry faces. Megvii is a leading AI company in China.Yin told the […]
The holidays at the beginning of May have been successful for the Chinese tourism industry. According to the Ministry of Culture and Tourism, about 274 million trips were made between last Friday and this Wednesday. This is 70 percent more than last year and about one-fifth more than before the pandemic. According to official figures, […]
China’s financial sector is in a state of alarm. The government has recently targeted several top managers of banks and other institutions. Beijing’s enforcer is the dreaded Central Commission for Discipline Inspection (CCDI) of the Communist Party, which has launched a campaign to “resolutely” combat misconduct in the industry.According to the CCDI, a record number of inspections were […]