On Friday, the Chinese emissions trading scheme launched (as China.Table reported). After more than a decade of preparation, the first emission rights were bought and sold. The price at the closure of trading was the equivalent of 6,90 euros per tonne of CO2. In European emissions trading, one tonne of CO2 now costs more than […]
TSMC, the Taiwanese global chip market leader, is concretizing its expansion plans. By 2023, 40,000 wafers per month are to be produced in their Chinese factory located in Nanjing. This corresponds to a capacity expansion of 60 percent. TSMC plans to invest 2.8 billion US dollars, as the company announced some time ago. The Nanjing […]
Shang Yanchun and Lu Man have left China’s sovereign wealth fund China Investment Corporation. Shang Yanchun headed one of two investment teams: the departments of technology, media and communications. Lu Man was a senior manager in the department of direct investment. According to Bloomberg, the fund is facing an “exodus of senior executives.” In the […]
The boom in electric mobility in recent years will soon result in millions of used EV batteries. The car industry quantifies the service life of batteries to be eight to ten years. After that, the capacity of the storage modules and thus the range of the vehicles will have decreased to such an extent that […]
German Health Minister Jens Spahn (CDU) wants further investigations into the origin of the Covid virus. “I call on China to allow the continuation of investigations into the origin of COVID,” Spahn said yesterday during a visit to the World Health Organization (WHO) in Geneva, as Reuters reported. More information on the origin of the […]
China’s mega-metropolises are increasingly affected by heatwaves and extreme precipitation, according to a newly published report by Greenpeace East Asia. The NGO has analyzed the risks of extreme weather events as a result of climate change. According to the report, the duration and frequency of heatwaves have increased sharply in the three metropolitan regions of […]
China plans to construct at least 30 gigawatts of new battery-based electricity storage within the next five years. According to authorities, this would be an eightfold increase in battery storage capacity compared to the end of 2020, as reported by business portal Caixin. So far, Beijing’s energy storage has mainly relied on pumped-storage power plants, […]
Chinese companies have purchased or leased nearly 6,5 million hectares of land in third countries over the past decade. This puts them far ahead of companies from the UK (1,5 million hectares), the US (860,000 hectares) and Japan (420,000 hectares), according to an analysis by Nikkei Asia based on data provided by the Land Matrix […]
On average, one in two companies assessed by environmental inspectors in China has numerous air pollution problems. The Ministry of Environmental Protection stated it inspected nearly 1,600 companies in environmentally intensive key industries such as steel, chemicals and construction materials in May. The report found more than 1,900 air pollution violations at nearly 900 companies. […]
US sanctions forced the telecommunications group Huawei to completely reorganize itself. The smartphone division, which until that point had been very successful globally, had to take such a strong hit, that an expansion into new business areas was necessary. Frank Sieren spoke with Liang Hua, CEO of Huawei. The topics were exciting – whether the […]