China has fined Meituan the equivalent of 460 million euros. After a five-month antitrust investigation, the authorities concluded that Meituan had exploited its dominant position (China.Table reported). Meituan, which is known for its food delivery services, had forced merchants to offer their services exclusively on the company’s platform rather than competing providers, according to the […]
China has ordered local coal mines to ramp up production as quickly as possible to address the energy crisis in the country. Energy authorities in Inner Mongolia ordered 72 mines to expand production capacity by 100 million tons, the Financial Times reports. That would be a 55 percent expansion in production. According to analysts, coal […]
The US military has been supporting Taiwan with military training for several years, as the Wall Street Journal and the FT report. According to the report, these have been short-term deployments of special forces. Some were used to train the Taiwanese military in connection with arms deals with the US. The revelation comes amid growing […]
CO2 emissions in China’s transport sector are rising rapidly. Despite the commercial success of e-cars, four out of five new cars sold are still internal combustion vehicles. It is therefore not surprising that China is also considering phasing internal combustion vehicles out. So far, Beijing has not decided on a deadline for new registrations of […]
In a new round of funding, e-car startup Weltmeister Motors has received the equivalent of more than €260 million from investors. The money will be used to develop autonomous driving and other “smart technologies,” according to the company. Founded in 2016, the company has yet to turn a profit. In the first nine months of […]
China is one of the largest markets for cars with alternative drives. Vehicles with electric, hydrogen or hybrid drive (New Energy Vehicles – NEV) now account for 18 percent of all car sales in the People’s Republic. The switch to e-cars is proceeding faster than planned. Beijing’s target of 20 percent NEV sales by 2025 […]
The world climate conference in Glasgow at the beginning of November is drawing closer. The United Nations recently stated in a study “that the world is on a catastrophic path” to “2.7 degrees of warming.” Finance plays a crucial role in this issue.The world’s largest banks have continued to invest billions in fossil fuels or […]
The next world climate conference in Glasgow at the beginning of November is drawing ever closer. In a recent study, the United Nations stressed that “the world is on a catastrophic path” to “2.7 degrees of warming,” and finance plays a pivotal role.The world’s largest banks have continued to invest billions in fossil fuels or […]
At some point, every nation operating nuclear power plants has to ask itself where to dispose of the nuclear waste. Radioactive waste needs to be safely stored for thousands of years. China is one of the few nations that is continuing to develop its nuclear power. With German support, the People’s Republic is developing methods […]
China and Pakistan have agreed on a €3 billion project to boost development along the Karachi coast. The project includes the expansion of the port, the construction of a fishing port, and the establishment of a 640-hectare trade zone. Likewise, a harbor bridge and affordable housing for 20,000 residents will be built, according to Nikkei […]