Trilateral summit: Japan, South Korea & China meet
SEOUL — China’s premier agreed today to revive three-way cooperation with South Korea and Japan in the face of shared challenges but issued a veiled rebuke against the two countries’ expanding security cooperation with the United States. Chinese Premier Li … Continue reading Trilateral summit: Japan, South Korea & China meet
BASF plans to shift business from Germany to China
MANNHEIM – In a remarkable turn of events, BASF, Europe’s largest chemical company, has announced a strategic realignment of its business activities, which includes a gradual closure of its production sites in Germany and a shift of investments to China. … Continue reading BASF plans to shift business from Germany to China
Chinese PLA’s Military Operation Threatens Taiwan
TAIPEH – The Chinese People’s Liberation Army (PLA) yesterday launched a large-scale two-day military operation around the island of Taiwan. The operation, code-named “Joint Sword-2024A”, has escalated tensions in the region, causing concern for Taiwan and the international community. The … Continue reading Chinese PLA’s Military Operation Threatens Taiwan
Germany: Foreign investments showing a new record
BERLIN – The value of all planned foreign investment projects (FDI) in Germany was around 34.8 billion euros in 2023 – an increase of 37.5 percent compared to the previous year (2022: 25.3 billion euros) and thus a new record. … Continue reading Germany: Foreign investments showing a new record
BYD Plans Second Assembly Plant in Europe
LONDON/BUDAPEST – Chinese electric car manufacturer BYD is considering the establishment of a second assembly plant in Europe, as announced by Michael Shu, the company’s European Managing Director, at an event in London. This announcement comes as part of BYD’s … Continue reading BYD Plans Second Assembly Plant in Europe