Last fall, China experienced a dramatic demonstration of just how delicate the issue of power security can be: Due to bottlenecks, numerous provinces were forced to ration power. Not only did the lights go out in private households, but factories also came to a standstill. This came as a shock to China’s political elites, and […]
Eric Huhle has been working in Production Planning at Daimler Greater China in Shanghai since January. Previously, he held the position of production planner at Deutsche Accumotive GmbH in Saxony, Germany.Philipp Wunderlich has been Head of the Shanghai Office of German soccer club FC Bayern Munich since December. Previously, he was responsible for the soccer […]
Last week, China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) presented a plan for the People’s Republic’s energy transition. The document is intended to act as a roadmap for the country’s efforts to decarbonize its power sector. It contains numerous implementation measures, but no new targets or quotas for reducing […]
Since the beginning of the year, Chinese authorities have granted construction permits for five new large coal-fired power plants. These power plants are expected to replace a large number of smaller, less efficient coal-fired power plants that have been taken offline in recent months, as Carbon Brief reports. According to the report, 141 small coal-fired […]
Yesterday, the Winter Olympics in Beijing ended with a stunning closing ceremony. It was a sports festival entirely in the spirit of the political leaders: China won far more gold medals than in 2018, the panda mascot won many hearts on social media, and Beijing was able to prove to its people that China can […]
China was Germany’s most important trading partner for the sixth year in a row in 2021. Goods worth €245.4 billion were traded between the two countries, representing a 15.1 percent increase on the first Covid year of 2020, according to the German Federal Statistical Office on Friday. The Netherlands followed in second with sales of […]
China National Offshore Oil (CNOOC) will invest $13 billion to secure the country’s oil and gas supply. This is according to a report by China’s largest offshore oil and gas drilling company, as reported by Bloomberg. The company has signed contracts with 12 international corporations. Four of these contracts involve the expansion of oil production […]
The Winter Olympics in Beijing is entering the final stages. On Sunday, the big closing ceremony will take place in the “Bird’s Nest”. Perhaps the hosts and the IOC are even a tad bit glad that the Games are about to end? Beijing and the Olympic Committee have been the focus of criticism over the […]
A Chinese court has frozen assets of an Evergrande subsidiary worth about $100 million. The decision follows a lawsuit filed by state-owned Shanghai Construction against Evergrande, Reuters reported. The real estate developer had failed to pay overdue construction fees to Shanghai Construction. In a second court case, an additional $57 million had been frozen, Shanghai […]
Thomas Mooser is the new CEO at management consultancy MHP China. Mooser has been an Associated Partner at MHP since 2014. He brings more than ten years of experience in strategy and management consulting. Before taking up his new position, he headed the R&D division at MHP in Munich, where he primarily advised automotive manufacturers […]