Habeck initiates negotiations on EU punitive tariffs
BEIJING – During his current visit to China, German Minister of Economic Affairs Robert Habeck has initiated discussions with EU Trade Commissioner Valdis Dombrovskis about the commencement of negotiations on the punitive tariffs on Chinese electric cars considered by the … Continue reading Habeck initiates negotiations on EU punitive tariffs
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
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
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
AUTO CHINA 2024: China Showcasing its latest EV-models
BEIJING – The 2024 Beijing International Automotive Exhibition, commonly known as Auto China 2024, has become a global stage for innovation, where Chinese automakers are redefining the very concept of automobiles. These companies, once relatively unknown in the Western world, … Continue reading AUTO CHINA 2024: China Showcasing its latest EV-models
German Chancellor Scholz in China: A trip with few results?
BEIJING – Chancellor Olaf Scholz visited China in the past three days, with his trip concluding today in the capital city of Beijing. The visit was themed “Acting Sustainably Together” and focused on the China strategy of the German government, … Continue reading German Chancellor Scholz in China: A trip with few results?
China remains Germany’s most important trading partner
BERLIN/BEIJING – Trade relations between Germany and China have increased continuously in recent years. China has now been Germany’s most important trading partner for six years in a row. In 2021, Germany imported goods worth around 141.8 billion euros from … Continue reading China remains Germany’s most important trading partner
German Rocket Factory challenges SpaceX
Bremen/Augsburg – At the Capital Market Day of space technology group OHB SE (Prime Standard, ISIN DE0005936124), Augsburg-based start-up Rocket Factory announced that it will boost the growth of the microlauncher company with a financing round. The current shareholders of … Continue reading German Rocket Factory challenges SpaceX
GTAI: 2020 further bolstered Germany’s reputation
Berlin – Amidst the corona pandemic, a number of international surveys showed that people around the globe have increased regard for German rationalism, stability, respect for law and leadership. Among other things, nations are brands – and Germany got some … Continue reading GTAI: 2020 further bolstered Germany’s reputation
New Berlin Airport ready to start on Nov.1
Berlin – Berlin Brandenburg Airport has undergone all preparations for a successful commissioning. All permits have been granted, all processes have been tested extensively and the process partners are best prepared for the opening as they could possibly be. The … Continue reading New Berlin Airport ready to start on Nov.1