China and the Republic of Congo have agreed to reschedule the central African nation’s debt, as Nikkei Asia reports. On Monday, President Xi Jinping granted his counterpart Denis Sassou Nguesso a further dept deferral by phone. The Republic of Congo is $2.4 billion in debt to Chinese creditors. The agreement with China would also unblock […]
The city of Shenzhen wants to allow the use of self-driving cars on public roads. Special license plates for self-driving vehicles are to be issued soon. This is shown by a new regulation to be passed before the end of June, reports the business portal Caixin. Shenzhen would be the first city in China to […]
While most clubs and concert halls in the West remain closed and the music world fears for its existence, it has long been possible to perform again in China. Philipp Grefer sees this as an opportunity but also a challenge: “On the one hand, the Chinese music and creative scene is currently experiencing a boom, […]
China’s Belt and Road Initiative is often criticized because of Beijing’s associated geopolitical ambitions. To the exploitation of Chinese labor on the construction sites of the projects, however, less attention is paid. The G7 wants to distance itself from this and promises high labor standards in its recently adopted global infrastructure initiative. Will this convince […]
The CDU/CSU wants to confront China “where necessary” “in close coordination with transatlantic partners and like-minded democracies with strength and unity“. At the same time, the CDU/CSU wants to “seek close cooperation with China where possible.” This emerges from the draft of the election program for the Bundestag elections at the end of September, which […]
At their summit meeting last weekend, the G7 countries agreed on a “new global infrastructure initiative” called Build Back Better World (B3W). Developing and emerging countries are to receive greater support in building their infrastructure, in the health sector, in digitalization and in technologies to combat climate change. The G7 Infrastructure Initiative is to be […]
The US will not give China and other countries special treatment in the G7 plans for a global minimum tax on companies. This was stated by US Treasury Secretary Janet Yellen in the middle of the week. Yellen said the United States and other countries are continuing their efforts to persuade China to back the […]
Germany often discusses the chicken and egg situation when it comes to electromobility. What is needed first: charging points or EVs? Without a charging infrastructure, EVs make little sense. But for charging stations to operate profitably, there needs to be a sufficiently high demand – in other words, a corresponding number of EVs. China is […]
Wide green spaces around the concrete jungle – the residents of the Mount Nicholson luxury residential project in Hong Kong (photo) don’t have to move around in the city’s stuffy high-rise canyons. However, it becomes problematic with another matter: because parking spaces are in demand in the small neighborhood – but in such high demand? […]
On Thursday, China’s authorities urged provincial and regional governments to meet their climate targets on energy consumption and efficiency for 2021. In the first quarter, only 10 out of 30 regions and provinces met their targets to cut energy consumption or energy intensity – the amount of energy used per unit of economic growth – […]