China is no longer Germany’s largest trading partner
BERLIN/BEIJING – In a notable development in international trade, China has lost its status as Germany’s largest trading partner, now falling to second place behind the United States. This shift is reflected in the figures for the first quarter of … Continue reading China is no longer Germany’s largest trading partner
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