Janice Hu will be appointed as the new China Managing Director at Credit Suisse. She has 25 years of financial market experience in China. Hu is to advance expansion plans of the major Swiss bank in the Chinese market (China.Table reported).
Car manufacturer Opel and supplier Continental have announced new plans for China. Continental plans to build a new software development center in Chongqing. A low three-digit number of IT specialists are to begin working as early as the end of the year. According to the company, around one in ten Continental employees now work in […]
Carmaker Nio has received approval to build charging stations as well as battery swap facilities in Europe. TÜV Rheinland in Shanghai has awarded the company with certificates for the necessary equipment, according to a statement by Nio. The company has shipped its first stations for battery exchange as well as charging stations to Norway. The […]
Britain plans to investigate Nexperia’s acquisition of one of the country’s largest chip factories on concerns for national security, according to a report by Bloomberg. Nexperia, a subsidiary of China’s Wingtech Technology, had acquired the Wales-based Newport Wafer Fab semiconductor plant on Monday. According to the report, Newport mainly produces chips for the car industry […]
Police in Hong Kong have arrested nine people on charges of planning terrorist activities. According to police, the group had tried to manufacture explosives and plant them at court buildings in Hong Kong, among other places. Six of those arrested, aged between 15 and 39, were still students, it said. There had already been arrests […]
China has completed its largest offshore wind farm to date off the coast of Rudong in the Yellow Sea. It is expected to supply 1750 gigawatt hours of electricity per year at full capacity and help reduce CO2 emissions by nearly 1.5 million tons. Construction of offshore wind turbines in China increased by nearly 28 […]
China is the world’s largest emitter of greenhouse gases. The People’s Republic’s climate goals are ambitious. It wants to peak CO2 emissions by 2030 and achieve carbon neutrality by 2060. Like the EU, Beijing is increasingly relying on market-based instruments to achieve its goals. For a decade, Beijing has been preparing for the trading of […]
According to a report by Bloomberg, China informed a group of environmental organizations that its largest bank has dropped its plans to finance a three-billion-dollar coal-fired power plant in Zimbabwe. In the report, energy analyst Lauri Myllyvirta stated the decision was “significant” and, to his knowledge, “the first time a Chinese bank has proactively exited […]
The city of Guangzhou on the Pearl River Delta will build a quarantine hotel near the airport by September. The accommodation is to have 5,000 rooms isolated from each other, the Financial Times reports. Housing travelers in hotels closer to the city is more likely to lead to infections, the newspaper reproduces a Chinese doctor […]
Flowers are an important part of the upcoming 100th anniversary celebration of the CCP. At the Martyrs’ Cemetery in Nanjing, 170,000 flower pots have been placed to represent the Communist Party emblem, the number 100, and the numbers 1921 and 2021.