Tecno, Itel, Infinix: These smartphone brands may be largely unknown in the West, but in Africa and increasingly in other regions of the global south, they are becoming more familiar to many people than Apple or Samsung. Behind these devices stands Transsion, headquartered in Shenzhen, southern China. It’s also a name not commonly known in […]
The conviction of 14 supporters of the Hong Kong Democracy Movement in the largest trial to date for alleged violations of the controversial National Security Law has sparked angry reactions from foreign politicians and human rights activists. A court in the West Kowloon district found the prominent activists guilty of subversion on Thursday. Subversion means […]
For the third time in just a few days, Beijing has unveiled a financial bazooka worth hundreds of billions to boost the economy. The latest stimulus injection is 344 billion yuan (around 47.5 billion dollars) for the country’s existing chip investment fund, which was registered in Beijing at the end of last week.It is the […]
This Friday, China will start issuing a long-term special bond, which is expected to pump one trillion yuan (around 128 billion euros) into the economy this year. According to the Ministry of Finance in Beijing, the first step will be to offer securities worth 40 billion yuan with a term of 30 years.The special bond […]
The impending sharp increase in US tariffs on Chinese electric cars will likely further fuel the trade dispute between Beijing and Washington. Beijing reacted with sharp criticism to reports that US President Joe Biden will increase tariffs on electric cars from 25 percent to 100 percent on Tuesday and target other green products such as […]
A record number of European companies view their prospects in the Chinese market as worse than ever before. According to the annual business climate survey released on Friday by the EU Chamber of Commerce in Beijing, 23 percent of the companies surveyed expressed pessimism about their growth prospects for the next two years – more […]
China plans to embark on another lunar mission this Friday, bringing back rock samples from the far side of the Earth’s satellite for the first time. The planned course of the mission involves launching the Chang’e-6 spacecraft into space with a rocket from the Wenchang space center on the tropical island of Hainan. The mission […]
Elon Musk’s visit to China on Sunday and Monday paid off. According to reports, Tesla has cleared several important hurdles, paving the way for its FSD (Full Self-Driving) system and, ultimately, self-driving cars in the world’s largest car market. Tesla will partner with Chinese technology giant Baidu for mapping and navigation functions, Bloomberg and other […]
The longest lines at Beijing’s Auto Show form at the Xiaomi booth. Employees from Western car brands are also patiently waiting in line to see the SU7 and take a quick seat in the first electric car made by the Beijing-based technology company.Xiaomi launched sales of its SU7 a month ago. And despite the brutal […]
Despite the problems with selling electric cars in the Chinese market, Volkswagen sees light at the end of the tunnel. “We are running at high speed to improve in this segment,” said CEO Oliver Blume on the eve of the Beijing Motor Show, which begins on Thursday.Volkswagen admits that the situation remains difficult for the […]