A longer-term failure of China as a growth market could call Adidas’ sales and profit targets for the years up to 2025 into question. “If the original assumptions change permanently, we would also have to adjust our targets,” CEO Kasper Rorsted told Handelsblatt in an interview published on Tuesday. He said, however, that he did […]
According to its own information, China continued its military exercises in the sea and airspace around Taiwan on Tuesday. The focus of these drills was on naval blockades and securing supplies, the responsible operational command of the People’s Liberation Army announced. Taiwan, in turn, began its own maneuvers, which had been announced for some time. […]
China reacted with drastic measures to Nancy Pelosi’s Taiwan visit. Military maneuvers off the island continued on Tuesday, although they were officially scheduled to end at noon on Sunday. The reactions turned out so fierce in the last days because China is afraid of a softening of the One-China principle, analyzes Christiane Kuehl. Taiwan’s representative […]
After two Covid-free years, Tibet is recording infections again. After 18 cases of the Omicron variant occurred in the capital Lhasa, parts of the city were sent into lockdown. The Potala Palace was closed. In Tibet’s second-largest city, Shigatse, bans were also imposed. Authorities canceled major events, closed recreational facilities, and restricted travel, according to […]
Illuminated Lego bricks? Our dessert today shows a high-rise apartment in Hong Kong’s Quarry Bay district.
The China Passenger Car Association has raised its forecast for EV sales in 2022 from 5.5 million to 6 million. According to the report, 486,000 EVs were sold in July, accounting for more than 27 percent of the total market. Domestic manufacturers increased their market share of EVs by nine percent year-on-year to 73 percent […]
The French pharmaceutical company Sanofi has made a €300 million investment in the Chinese biotech company Innovent Biologics. The two companies plan to jointly develop two cancer drugs in China, as reported by the business portal Caixin. According to company sources, Innovent has signed a licensing agreement with Sanofi for the exclusive marketing of the […]
Germany’s heavy dependencies on China are once again shifting into focus following the Russian invasion of Ukraine. In extreme cases, economic dependencies can do a lot of damage to a society, as the example of Russian gas currently demonstrates. But how costly would it be for Germany to become less dependent on China? The ifo […]
Five miners were killed in an accident at a coal mine in Shanxi. On Friday, a roof collapsed and left the miners trapped. Rescue operations lasted until Monday. Then, during the day, the death of the five miners was reported. Shanxi is the largest coal province in China. It produces 1.2 billion tons of coal […]
Chang Che has joined the New York Times, where he will be writing about technological change in China. Previously, the journalist worked for the independent media company SupChina.Helen Yang will become Chairwoman of the China operations of French asset manager Natixis Investment Managers. Yang has 15 years of experience in the sector in China. Previously, […]