Who would have expected this two months ago? Robert Habeck travels to Qatar at short notice and almost humbly asks for supplies of liquid gas. After all, Russia’s war in Ukraine is jeopardizing Germany’s energy supply. In China, energy security has long been a political focus. This year, the People’s Republic will become the largest […]
The Chinese government is granting domestic small businesses tax cuts worth billions. Tax breaks of nearly ¥1 trillion (about €143 billion) have been approved, state broadcaster CCTV said on Monday, following a cabinet meeting. China also announced measures to boost market confidence and keep capital market development stable and healthy.The world’s second-largest economy after the […]
The Hong Kong Stock Exchange has suspended trading in shares of the troubled property developer on Monday. Trading of its EV subsidiary Evergrande NEV and a service subsidiary was also temporarily suspended, Bloomberg reported. The company and the stock exchange did not provide any official explanation.Back in January, the highly indebted company announced that it […]
Covid-stricken Hong Kong lifts several flight bans and shortens quarantine times. Chief Executive Carrie Lam announced a corresponding set of relaxations on Monday. These new rules mark a dramatic departure from Hong Kong’s zero-covid policy, notes Nikkei Asia. Starting April 1, arriving flights from nine countries will be allowed to land in Hong Kong again, […]
In view of rising raw material prices, Volkswagen Group is securing volumes of nickel and cobalt in China necessary for the growth of its electromobility thanks to its strategic partnerships. To this end, the Wolfsburg-based company signed letters of intent with Huayou Cobalt and Tsingshan Group concerning the formation of two joint ventures. One is […]
US President Joe Biden and his counterpart Xi Jinping have agreed to discuss China-US relations over the phone. “The two leaders will discuss managing the competition between our two countries as well as Russia’s war against Ukraine and other issues of mutual concern,” White House press secretary Jen Psaki said. The discussion is scheduled for […]
Cherry blossoms against a mountain panorama – the cherry orchard in the Guian New Area (Guizhou Province) is a tourist magnet with many charms.
China’s environmental authority has reprimanded four companies for allegedly forging corporate CO2 reports. The data verification agencies had manipulated reports and falsified testing and emissions data, business portal Caixin reported. These agencies play an important role in China’s efforts to reduce greenhouse gasses by measuring and verifying companies’ CO2 emissions. This information is, in turn, […]
Shanghai-based Envision Group has signed a battery module partnership with Mercedes-Benz for its EV production. Its subsidiary Envision AESC is to supply the batteries for all-electric SUVs EQS and EQE, which will be manufactured in the US state of Alabama. Renault, Nissan and Honda are among Envision’s customers. The Envision Group holds 80 percent of […]
China will not expand its pilot program for a real estate tax this year. This was reported by Xinhua, citing a source in the Ministry of Finance. Current economic conditions would make it difficult to expand the program. The real estate market is currently under pressure, with property prices currently falling slightly. Major developers such […]