Toby Xu will become Alibaba’s Chief Financial Officer from April. He succeeds Maggie Wu, according to a company announcement. Wu will remain loyal to Alibaba and serve as an Executive Director on the internet giant’s board.Jiang Fan will be the head of a newly created digital commerce team at Alibaba. He will be responsible for […]
China is pushing ahead with the expansion of renewable energies in China’s deserts. Just months after Xi Jinping unveiled a massive desert project with a capacity of up to 200 gigawatts (China.Table reported), the second phase of the expansion is now underway. China’s National Energy Administration has called on provinces to submit individual projects by […]
The World Health Organization (WHO) has asked two Chinese manufacturers of Covid vaccines to release their vaccine patents, South China Morning Post reported. “We are in touch with the two big companies that have the vaccines approved by the World Health Organization,” said Erika Dueñas Loayza, head of the intellectual property unit in the WHO […]
It was supposed to be a big breakthrough and bring China’s chip industry closer to the top of the world. But after numerous grand announcements, the euphoria ended in bankruptcy. In the end, employees were even laid off without compensation: The company Wuhan Hongxin Semiconductor Manufacturing (HSMC) is one of the most glittering cases of […]
The Italian government has blocked the takeover of a chip manufacturing company by China’s Zhejiang Jingsheng Mechanical, Reuters reports. Zhejiang Jingsheng Mechanical wanted to form a joint venture with Applied Materials’ Hong Kong branch to acquire a subsidiary of Applied Materials in Italy. Applied Materials’ products include machines for manufacturing semiconductors and other high-tech components.This […]
Welcome to the China.Table Climate & Energy. With this briefing we will inform you every week about new developments in China’s climate and energy policy. First of all: We do not see the Tables as an altar in front of which we preach the truth. Feel free to send me suggestions, criticism and tips to […]
China now has more billionaires than the United States. Patrick Chou particularly benefits from this. He sells luxury and sports cars. In an interview with Frank Sieren, the entrepreneur, who grew up in Germany, tells us why sales rose during the COVID pandemic and why young people are also among his customers. Chou is convinced […]
The International Monetary Fund (IMF) has recommended that China adjust its fiscal policy and implement structural reforms to ensure “balanced, inclusive, and green” growth. Although the IMF projects growth of eight percent this year and 5.6 percent in 2022. But risks that could negatively impact growth would rise. That’s according to the IMF’s recently completed […]
Looking for a property with a view? In Wuyishan National Park in the southeastern province of Fujian, visitors can sometimes view the clouds from above.
Just in time for the UN Climate Change Conference, data analysts at Bloomberg New Energy Finance (BNEF) have published a new zero-emission vehicles factbook. They show that the market for electric cars continues to boom. In the first half of 2021, 7.2 percent of cars sold worldwide were EVs. Just two years ago, that figure […]