China has decided to provide $31 billion to finance so-called “clean coal”. This was announced by the State Council. China’s central bank will provide concessional loans to national banks in order to finance projects for the “clean and efficient use of coal”. This would include “safe coal mining” and “clean” coal combustion for power generation […]
Holger Scherr will be the new President and CEO of the Chinese joint venture Beijing Foton Daimler Automotive (BFDA). This was recently decided by the Board of Management of Daimler Truck AG. Scherr succeeds Kelley Platt, who will retire at the beginning of 2022. She had been in charge of BFDA in Beijing since 2018.
A subsidiary of the Allianz Group has received permission by Chinese authorities to become the first foreign company to acquire full control of a life insurance company in China, according to a company announcement. Allianz (China) Insurance Holding currently owns 51 percent of Allianz China Life Insurance, according to the statement. The Chinese insurance regulator […]
Mother Nature, the master-builder – impressive “earth forests” formed millions of years ago in Yuanmou County in the Province of Yunnan. From a distance, the pillar-like structures made of earth resemble skyscrapers.
China’s leadership has declared “common prosperity” to be a central political goal for the coming decades. The growing inequality in China worries political leaders: This inequality can not be allowed to become an “unbridgeable gulf,” says President Xi Jinping. He warns that China must prevent the polarization of society, promote common prosperity and achieve social […]
The largest soccer team in the world? Almost! The picture shows cheerleaders performing at the opening of a sports festival at a school in Ji’an.
The climate conference in Glasgow ends today. Just before its conclusion, the two largest CO2 emitters China and the US agreed to intensify cooperation on climate protection. Christiane Kuehl has kept track of the summit chaos and assesses the summit: China has agreed to participate in a few new global climate initiatives but stayed away […]
China’s currency is at a five-year high compared to 24 benchmark currencies. Over the course of the year, the yuan gained six percent in value, as the business website Caixin reports. Accordingly, analysts expect that the yuan could continue its strong course into spring 2022.Strong exports and different interest rates between the US and China […]
China’s State Council and Central Committee have issued new guidelines for the “fight against pollution”. Not only is the goal to reduce CO2 emissions, but air and water pollution as well. Regions such as Beijing, Tianjin, and Hebei are to reduce coal use by ten percent by 2025, and the Yangtze River Delta is to […]
Global supply chains have been under severe strain for almost two years now. The Covid crisis caused supply shortages of microchips for months. Aside from the pandemic, there have been unforeseen incidents on a regular basis: At one point, a container ship was stuck across the Suez Canal for weeks. Then there was a power […]