For weeks, China has been plagued by record temperatures; at times, thermometers have risen to as high as 44 degrees Celsius. Droughts are threatening harvests, hydroelectric power is underperforming, and coal-fired power plants have to be ramped up to supply electricity. Industry, on the other hand, is shutting down in some places: Production at Bosch, […]
Google, Facebook, Amazon, Apple – in the past decades, major US tech companies have collected a gigantic treasure trove of user data. Every Google search, every conversation with Siri, every Amazon order and every post on Facebook is stored and can potentially be accessed forever. In everyday life, we have almost come to terms with […]
According to a media report, Apple has found an additional production site in India to China, where Covid lockdowns had paralyzed manufacturing. The US technology company is planning to manufacture its iPhone 14 in India as well, Bloomberg reports, citing people familiar with the matter. Apple’s Taiwanese supplier Foxconn has reportedly already examined the process […]
More than 1,500 people have been evacuated from Chongqing as forest fires continue to rage in the neighboring mountains. According to authority statements, at least four districts of the city were affected. Thousands of firefighters were deployed, the Financial Times reported. Wildfires also broke out in the province of Sichuan due to the regional drought. […]
After last year’s coal crisis, climate change strikes this year and affects the power supply in some Chinese provinces. Factories are at a standstill, crops are at risk, and tens of millions of people are suffering under heat that can last for weeks (China.Table reported). Beijing leaders are facing one of the biggest challenges of […]
Despite the debate about Germany’s economic dependence on China, the trend actually intensified in the first half of the year. “German direct investment flows to China have never been so high,” according to a study by the Institute of the German Economy (IW), which was obtained by Reuters. Imports from the People’s Republic and Germany’s trade deficit […]
Despite the debate about Germany’s economic dependence on China (China.Table reported), the trend actually intensified in the first half of the year. “German direct investment flows to China have never been so high,” according to a study by the Institute of the German Economy (IW), which was obtained by Reuters. Imports from the People’s Republic […]
China’s renewable energy industry could soon receive a shower of money worth ¥350 billion (about €50 billion). Developers and operators of wind and solar farms have been waiting for years for the overdue subsidy payments. The government had promised massive subsidies in the 2010s. In 2017, the money ran out. Since then, overdue subsidy applications […]
Claudia Kosser has taken on the post of Managing Director, Head of Shanghai at consultancy FGS Global. Previously, Kosser spent seven years at communications consultancy Finsbury Glover Hering, which merged with three other communications consultancies last year to form FGS Global. She worked in Beijing, Hong Kong and most recently Shanghai, where her current office […]
Large parts of China have been experiencing extreme temperatures since mid-June, some of which have lasted up to 30 days. The country is suffering under a record-breaking heat wave. It is the worst heat wave since records began in 1961. More than 260 weather stations measured temperatures of over 40 degrees – in some cases, […]