The US State Department has expressed concerns about the health of detained Chinese grassroots journalist Zhang Zhan, Reuters reports. The US had “serious concerns about the arbitrary nature of her detention and her mistreatment during it,” State Department spokesman Ned Price said. The US is calling for her “immediate and unconditional” release. The journalist has […]
Evergrande NEV has sought approval from Chinese authorities to sell its SUV Hengchi 5, Reuters reports. The subsidiary of troubled real estate developer plans to produce its first EV early next year. As recently as September, the company said it was still looking for new investors and wanted to sell assets. Allegedly, its financial situation […]
The power crisis in China is beginning to ease. Only five provinces in the People’s Republic are still struggling with major power outages, as Bloomberg reports. In mid-October, electricity was still being rationed in 20 provinces, sometimes causing power cuts that lasted for hours (China.Table reported). After the central government ordered coal mines to increase […]
Admittedly: We’re already animal fans at China.Table. But there’s just too beautiful a story about this Shiba Inu to not elevate it to “dessert”. The dog was recently auctioned off for the equivalent of $25,000. That’s because Deng Deng, as he is known, is an internet celebrity in China. In 2014, he was abandoned by […]
China posted a record trade surplus in October. Exports grew more than expected by 27.1 percent to $300.2 billion (€259.3 billion) in October from a year earlier, Reuters reported. It cited rising global demand for the Christmas season, easing power shortages, and fewer disruptions in supply chains as the reasons. The People’s Republic’s imports, on […]
Zhang Ruimin is stepping down as chairman of Haier Group. The 72-year-old founder of the 70,000-employee home appliances and electronics group will remain with the company as honorary chairman. Zhou Yunjie, formerly “president” at Haier, will replace Zhang as chairman and CEO. Liang Haishan will move from “vice president” to “president“.Zuo Fang, the founder of […]
In China, science, innovation, and research are regarded as the key drivers of economic progress. Ruth Schimanowski from the German Academic Exchange Service (DAAD) stresses that Germany should learn from this. In the CEO-Talk with Frank Sieren, she pleads for the development of China competence in the Federal Republic. And academic cooperation between the two […]
Shares in the Chinese property group Kaisa Group and three subsidiaries were suspended from trading on Friday. Kaisa said it faces unprecedented liquidity pressure due to the difficult property market and the downgrade of its credit rating, Reuters reported. Like other property developers, the group had launched asset products and failed to make a payment […]
China is ready to cut tariffs when the RCEP regional trade agreement takes effect on January 1st, 2022, Bloomberg reports. According to the report, the Ministry of Commerce has said it is in favor of a quick full implementation of the agreement. The Regional Comprehensive Economic Partnership was adopted in November 2020 by 15 countries […]
China was responsible for more than 30 percent of global CO2 emissions in 2020, according to new figures released Thursday night. Between 2019 and 2020, China’s share of global emissions rose by two percentage points. However, this was tied to the Covid pandemic. As a result of the prolonged lockdown in Western states, emissions in […]