Despite, or perhaps because of, the ongoing debate about de-risking, German companies are expanding their research activities in China. This is revealed in a report by the German Chamber of Commerce (AHK) in China. The report has been made available to Table.Briefings ahead of its planned publication this Monday. Contrary to what German politicians have […]
It is currently the number one topic of conversation among gamers: “Black Myth: Wukong” has made it to the top of the sales charts on Steam, the world’s best-known sales platform for computer games, in a very short space of time. This is particularly remarkable because it is the first time a Chinese game has […]
“Upstream” (逆行人生) is the movie of the summer in China. Directed by Xu Zheng, one of the country’s best-known directors and actors, the film sheds light on the lives of food delivery workers and highlights China’s pressing economic problems. The film has been causing a stir on social media for weeks.Xu Zheng, born in Shanghai […]
China has so far only distributed a fraction of its multi-billion fund intended to rescue the ailing property market. What was announced in May as an ambitious rescue program now proves to be a laborious undertaking.The plan envisaged that the People’s Bank and state banks would mobilize up to 500 billion yuan (around 65 billion […]
China’s focus on promoting high-tech industries also gives the country’s private space companies a kickstart. One clear sign that Beijing wants to boost the companies is the increasing number of reports in the state media in recent weeks. For example, the official news agency Xinhua reported increased government support. Companies like Beijing Interstellar Glory Space […]
China has recalled a senior official from Tibet to step up its efforts to clean up the financial sector. According to an article published by the anti-corruption authority CCDI in July, Wang Weidong has been appointed head of the Central Financial Discipline Inspection and Supervision Work Committee. The newly created committee reports to the CCDI.The […]
Mercedes is getting new competition in the Chinese luxury market – from a long-standing partner. The Chinese state-owned company BAIC, which has been manufacturing vehicles for the Chinese market in collaboration with Mercedes for around 20 years, has also joined forces with Huawei. BAIC and Huawei jointly launched sales of the Stelato S9 last week […]
As a sign of the ongoing economic challenges, German companies in China were very reluctant to raise salaries last year. According to the annual salary report published by the German Chamber of Commerce Greater China on Monday, the average salary increase of member companies surveyed was 3.9 percent, 0.9 percentage points lower than in the […]
In another setback for the United States in the space race against China, NASA has canceled its rover mission VIPER. The plan was to send VIPER to the far side of the moon with a spacecraft from Pittsburgh-based start-up Astrobotic. However, Astrobotic failed in its first landing attempt at the start of the year. The […]
The global stock market crash at the beginning of the week hit Apple shares particularly hard. The US company lost a whopping 160 billion US dollars in value at times. One of the main reasons: Apple is struggling with weak sales figures in China. As the Cupertino-based company announced at the beginning of August, consolidated […]