According to insider reports, the Chinese megacity of Shanghai will tighten its already harsh Covid restrictions. It now wants to have the virus outbreak under control by the end of the month, people familiar with the matter told Reuters. Even though new infections have declined recently, restrictions are expected to remain in place until the […]
China’s vaccine manufacturers exported 97 percent fewer Covid vaccines in April than they did after peak exports in September 2021, with only 6.8 million vaccine doses exported last month, according to Unicef, Nikkei Asia reports. The reason for this is the lower effectiveness of Chinese vaccines against the Omicron variant. This is a major setback […]
John Lee will be the new chief executive of Hong Kong. On Sunday, 1,416 members of the Beijing-affiliated Election Committee voted for the 64-year-old, while eight did not support him. There was no opposing candidate. His predecessor, Carrie Lam, did not run again. The EU criticized the election. It had violated “democratic principles and political […]
The US Securities and Exchange Commission (SEC) has threatened more than 80 Chinese companies with expulsion from US stock exchanges. These companies include heavyweights such as JD.com, Jinkosolar, China Petroleum & Chemical, Pinduoduo, Nio and Bilibili. The background is a years-long dispute between the US and China over disclosure requirements that companies listed on US […]
For years, even decades, business in China was almost too good to be true for German managers. In recent decades, the People’s Republic has become the prime sales market and production location for Germany’s manufacturing companies. Without the rich profits from the Far East, their balance sheets would often look meager.But the China dream could […]
Mario Roland Haessner is the new Product Management and Sales Support Director of Stulz GmbH in Shanghai. The company manufactures industrial machinery in the field of air conditioning technology. Previously, Haessner held a different position at the company.Yurii Poita becomes Futures Fellow at Merics. He will spend four months there analyzing Chinese policy toward Russia […]
The full consolidation of its China business has given German carmaker BMW a significant boost in revenue and profit at the start of the year. Revenues improved by 16 percent to €31 billion in the first quarter, the company announced on Thursday. Operating profit rose by twelve percent to €3.4 billion.In February, BMW received the […]
Beijing has slightly eased Covid measures for inbound travelers from abroad. Entrants now only have to stay in quarantine facilities for ten days, state broadcaster CCTV reported, according to Reuters. Previously, the minimum period was 14 days. After their stay in quarantine facilities, however, arrivals will still have to remain in isolation at home for […]
Two-way traffic would be bad here – Tourists cross a spectacular bridge through the picturesque landscape of Enshi in central China’s Hubei province during the May Day vacation on May 3, 2022.