Prices for polycrystalline silicon, the raw material for solar modules, have risen to a ten-year high in China. One kilogram now costs $40. Prices have thus tripled since the beginning of 2021, after declining for years, as Bloomberg reports. The cause is considered to be the increasing demand caused by the solar boom in the […]
German car manufacturer BMW has opened a new EV factory in Shenyang. The third BMW plant in the People’s Republic is expected to increase annual capacity from 700,000 to 830,000 vehicles. According to the company, the factory is fully flexible and can produce up to 100 percent EVs. In total, the Bavarians have invested over […]
Bankrupt Sri Lanka is seeking financial support from China, India and Japan. The South Asian state plans to invite the three countries to a donor conference soon. Sri Lanka is currently experiencing its worst economic crisis of the past 70 years. The country’s foreign exchange reserves have been depleted. Essential imports such as food, medicine […]
In order to be able to produce enough electricity and heat in winter, Germany is once again relying on coal. The lack of gas from Russia is to be replaced by the most climate-damaging energy source of all. China is also following this path. There, coal is seen as a bridging technology on the way […]
Distress on China’s housing market provokes resourcefulness. The slump in China’s housing market has prompted a real estate developer in the province of Henan to use a new form of marketing. Down payments can also be made by buyers in the form of wheat or garlic deliveries, according to advertisements by Central China Real Estate. […]
In China, people can do even less without a smartphone than in Germany. When it comes to mobile payment or fully integrated super apps, the People’s Republic is already much further ahead. But the Internet market has always been difficult for foreign providers. Large platforms like Facebook have almost no significance in China outside the […]
The German industry wants to reduce its dependence on business with China. “Asia is much bigger than China,” Siegfried Russwurm, President of the Federation of German Industries (BDI), said in Berlin on Tuesday. “The order of the day is to open up other markets as well.” The People’s Republic is important for the German economy. […]
In southern China, millions of people had to flee record rainfall and flooding. In Fujian, Guangdong and Guangxi provinces, rainfall in the first half of June was at the heaviest in 60 years. 117 rivers burst their banks in the Pearl River Basin, causing flooding of large swaths of land, Bloomberg reports. While summer flooding […]
China has always been a difficult market for many western app and software companies. Tech giants like Google, Facebook and Twitter are almost trivial in the People’s Republic. In recent weeks and months, more companies have withdrawn from the market or are changing their business model. Nike withdrew a running app with more than eight […]
Electricity comes from the socket, heat from the heater – this certainty has quietly accompanied us for decades. But the war in Ukraine has turned the supply of power and energy into a crucial issue. Europe is frantically searching for new energy suppliers. Energy security is also high on China’s agenda. After all, the People’s […]