Tariffs of 100 percent on electric cars and electric vehicle batteries from China are already in place. The US also wants to ban software and hardware for connected vehicles and autonomous driving. The US Department of Commerce cited safety concerns as the reason on Monday. The US fears that such cars will gather data on […]
Beijing considers its growth target acutely jeopardized, despite only being five percent – downright modest by Chinese standards. In order to give the economy a strong boost, Beijing has launched a stimulus package that draws on its usual toolbox: extensive interest rate cuts, new property purchase incentives and attractive offers for stock investments.Such massive state […]
According to the platform Car News China, China exported 610,000 cars in August, a 39 percent increase from the previous year. Overall, 4.09 million vehicles had already been sold abroad by the end of August this year, an increase of 27 percent.A fifth of the cars went to Russia – by far the largest export […]
Leafy belly, foliated head, bushy brows: A ten-meter-tall panda balances next to a highway in Hangzhou, Zhejiang. The horticultural team that cut it out of greenery clearly cares little for gravity. A shave is probably due in a few days once the bearded ballet dancer begins to sprout branches from his chin, ears and brows.
Trade relations between China and the EU are now at a “crossroads” – at a meeting with car manufacturers in Brussels on Wednesday, Trade Minister Wang Wentao made no secret of what he thinks of Europe’s measures to protect its car industry. Wang came to Europe after the European Commission rejected the price commitments of […]
Jean Lu has been China CEO at Standard Chartered Bank since the end of August. Lu joined SCB in 2014 and was previously Head of Corporate & Investment Banking and Deputy CEO of SCB China.Xinning Jia has been the new Director-General of the Strategy, Policy, and Partnerships Department at the Asian Development Bank (ADB) since […]
Gathering before the storm: These fishing boats seek shelter in Shenjiamen harbor in Zhoushan, Zhejiang. After causing chaos in Japan, Typhoon Pulasan is expected to make landfall in Jiangsu, north of Zhejiang, on Friday morning. However, forecasts assume that it will have weakened by then. Korea will also be affected by the storm: Pulasan will […]
At the IAA Transportation 2024, neither a German model nor a Chinese supplier caused a crowd to form. Instead, a crowd gathered mainly around Tesla’s Semi e-truck. The fun factor attracted the public. Visitors were not only able to get in, but also take a few laps as a passenger.But beware, danger of confusion. The […]
There is actually an arrest warrant against Russia’s President Vladimir Putin from the International Criminal Court. The handcuffs should have clicked during his most recent state visit to Mongolia. Instead, head of state Ukhnaagiin Khürelsükh rolled out a red carpet for his powerful neighbor in Ulaanbaatar. And Putin visibly enjoyed walking across it. A signal […]