The Allianz Group has succeeded in taking an important step into the Chinese asset management market. The regulatory commission for Banks and Insurance (China Banking and Insurance Regulatory Commission) approved the preliminary establishment of Allianz Insurance Asset Management (Allianz IAMC), according to an Allianz Group announcement. According to the statement, Allianz IAMC will be the […]
The number of Chinese workers in Africa continues to decline. According to surveys by the China Africa Research Initiative (CARI), 182,745 Chinese workers were active in circa 10,000 Chinese-run companies at the end of 2019. In 2015, it was 263,700 but has steadily declined by 30 percent. Half of the Chinese work in Algeria, Angola, […]
Zoologist Peter Daszak, President of the EcoHealth Alliance and a member of the WHO mission to investigate the coronavirus outbreak in Wuhan, shows his hotel room on Twitter. In another tweet, he writes it was “surprisingly easy” to spend 14 days in quarantine. A lot of work and a nice hotel made sure that the […]
Under US President Joe Biden, climate change is once again becoming a priority in US climate policy. Biden’s focus is also on Beijing. China is the world’s largest promoter of coal-fired power plants abroad. Biden already sharply criticized this during the election campaign. In his climate plan, he promises to work with other countries to […]
What is the importance of the Chinese market for Germany’s car manufacturers? A recent study by the Center Automotive Research came to the following conclusion: Of the 14.16 million cars sold worldwide last year by Volkswagen, Daimler, and the BMW Group, 38.2 percent were sold in China. In the Augsburger Allgemeine Zeitung, car expert and […]
China’s National Energy Administration (NEA) has reported a new high in the installation of new wind turbines for 2020. In total, turbines with a capacity of 71.7 gigawatts were connected to the power grid. That’s triple the installed capacity of the previous year and double the previous record year of 2015, writes China Energy Portal. […]