China is pushing ahead with plans for the country’s first commercial Hyperloop line. A high-speed train that speeds through a vacuum tube up to 1000 km/h could be operational in about twelve years. This is reported by the Hong Kong newspaper South China Morning Post, citing the Chinese Academy of Engineering and China Railway.The first […]
Volkswagen presented its new flagship electric model series, the ID.7, in Shanghai. After the German company launched its series of all-electric vehicles with models such as the ID.3 compact car and the ID.4 small SUV, the ID.7 is now set to enter the mid-size luxury class.VW presented the new sedan on Monday not only on […]
While China’s Foreign Minister Qin Gang and his German counterpart Annalena Baerbock exchanged a few blows in Beijing on Friday, another visit was much more harmonious: Brazilian President Luiz Inácio Lula da Silva visited the Chinese capital on the same day as Baerbock.From Beijing’s perspective, it was clearly the more important political event. The evening […]
Last week in Beijing, people listened carefully when Ursula von der Leyen gave her keynote speech on China. The head of the EU Commission called for a readjustment of relations. But despite von der Leyen’s clear wording, she and French President Emmanuel Macron will likely be spared Chinese criticism during their joint trip to China. […]
China’s new Premier Li Qiang has once again appealed for trust from international companies and investors at the Boao Economic Forum. “No matter what changes take place in the world, we will always adhere to reform and opening up,” Li said in his opening speech on the tropical island of Hainan on Thursday. He promised […]
The first major appearance of China’s new head of government Li Qiang has been promising from a business perspective. Both domestic and foreign companies in China recently fared similarly: On the one hand, they felt an upswing after the end of zero-Covid. They preferred to wait and see what signals the National People’s Congress (NPC) […]
China’s Ukraine peace plan was met with skepticism in the West in recent weeks. But in another part of the world, Beijing has now scored a diplomatic coup without question. The news came seemingly out of nowhere just before the weekend: The longtime enemies Saudi Arabia and Iran have agreed to work on normalizing their relations. […]
Saturday will be the day: The National People’s Congress in Beijing will elect China’s new premier. And in all likelihood, his name will be Li Qiang. What he and the incumbent Li Keqiang have in common is that they are considered to be business-oriented. Just as Li Keqiang made efforts to open up the country […]
The Chinese Foreign Minister’s big press conference is a regular date in the calendar of the People’s Congress. It could have been a perfect opportunity for Qin Gang to clarify how exactly China envisages its peace initiative for Ukraine. Not much has been heard since Beijing presented its very vague twelve-point paper on the conflict […]
China’s military can look forward to significantly more money this year. The draft budget presented on Sunday at the start of the People’s Congress provides for a 7.2 percent increase in defense spending to 1.5537 trillion yuan (the equivalent of 211 billion euros).Although the increase is considerable, it is unlikely that it has to do […]