China was responsible for a good third of global CO2 emissions last year. That is according to new figures from the International Energy Agency. These figures show that global emissions rose to a record level in 2021. After falling in the first year of the Covid pandemic, emissions rose all the more sharply in its […]
United States Secretary of Commerce Gina Raimondo has warned Chinese companies not to defy sanctions against Russia. The United States could “essentially shut” down Chinese chipmaker SMIC (Semiconductor Manufacturing International Corporation) or other companies that continue to supply chips or high-tech goods to Russia, Raimondo told The New York Times. According to the report, the […]
The war in Ukraine has catapulted the energy transition back to the top of Europe’s political agenda. Germany wants to invest more in “freedom energies” (German Finance Minister Christian Lindner on renewables). The EU as a whole wants to move away from Russian gas. Will China step into this gap and now become the main […]
Energy security is currently more important to the political leadership than climate goals. Last year’s power crisis and rising prices for fossil energy raw materials in the wake of the Ukraine war are causing concern for China’s leaders. As a result, the key goal of energy policy is to secure the power supply. Oil and […]
The war in Ukraine has pushed the energy transition back to the top of Europe’s political agenda. Germany wants to invest more in “freedom energies” (German Minister of Finance Christian Lindner on renewables). The EU wants to move away from Russian gas. Will China move to fill this gap and become the main buyer of […]
UN High Commissioner for Human Rights, Michelle Bachelet, plans to travel to China in May. One of the stops on her trip will be the Xinjiang region, as Bachelet announced at the UN Human Rights Council on Tuesday. The modalities of the trip have been negotiated for years.China has detained Uyghurs in Xinjiang in internment […]
Adrian Siu is to become the new head of Adidas’ Greater China division, according to a media report. Siu, who currently heads the sportswear maker’s Hong Kong operations, is to succeed Jason Thomas in April, according to the Financial Times. Adidas had been losing market share in China. In the past two quarters, sales had […]
Over the first few days of the National People’s Congress (NPC), it once again became clear that energy security is currently more important to the political leadership than climate goals. Last year’s power crisis and rising prices for fossil energy raw materials in the wake of the Ukraine war are causing concern for China’s leaders. […]
China is the world’s largest emitter of methane emissions from the energy sector. Emissions of the greenhouse gas leaking from China’s coal mining operations had a greenhouse gas effect comparable to that of global shipping last year. This is according to a study by the International Energy Agency. The study found that the People’s Republic […]
Wang Jiang, 58, will become the new Chairman of state-owned financial conglomerate China Everbright Group. Wang is the President of China Construction Bank, the world’s second-largest commercial bank by assets.