Tariff dispute escalates: China and EU in conflict
BEIJING/BRUSSELS – Amidst growing tensions between the European Union and China over the imposition of tariffs on Chinese electric cars, Beijing has now responded with a countermeasure. Starting from October 11, importers of brandy from the EU must deposit “security … Continue reading Tariff dispute escalates: China and EU in conflict
Guangdong: Pioneering Low-Altitude Economy by 2026
SHENZHEN – In an ambitious move to revolutionize urban air mobility, Guangdong province has unveiled a comprehensive action plan to foster the development of the low-altitude economy. This strategic initiative aims to transform Guangdong into a global nexus for low-altitude … Continue reading Guangdong: Pioneering Low-Altitude Economy by 2026
EU plans punitive tariffs on Chinese EV cars
BRUSSELS/BERLIN – The European Commission has received the green light to impose high tariffs on electric vehicles produced in China. This measure, which has not yet been finalized, aims to protect European manufacturers from what is seen as China’s distortive … Continue reading EU plans punitive tariffs on Chinese EV cars
Electromobility in China: a model for sustainability?
BEIJING – A remarkable transformation is underway in the bustling metropolises of China, such as Beijing. Once a rarity, electric cars are now on the fast track to dominate the automotive market. Showrooms for electric vehicles, operated by innovative brands … Continue reading Electromobility in China: a model for sustainability?
ASEAN and China Forge New Paths in E-Commerce
NANNING/China – The future of e-commerce and digital collaboration was the central theme at the recent China-ASEAN Silk Road E-commerce Open Cooperation Promotion Event. Dr. Kao Kim Hourn, the Secretary-General of ASEAN, delivered a compelling address on September 24, outlining … Continue reading ASEAN and China Forge New Paths in E-Commerce
Lufthansa ending Frankfurt-Beijing flight route
FRANKFURT – The German airline Lufthansa is facing a significant decision regarding its daily connection from Frankfurt am Main to Beijing. Given the declining demand and rising operating costs, the company is considering discontinuing this route. The challenges for European … Continue reading Lufthansa ending Frankfurt-Beijing flight route
Shenzhen Sets Sights on Global Trade Integration
SHENZHEN – In a bold move to fortify its position as a global trade hub, Shenzhen has unveiled an ambitious work plan designed to harmonize domestic and foreign trade practices. This strategic initiative aims to streamline regulations, foster innovation in … Continue reading Shenzhen Sets Sights on Global Trade Integration
China’s Youth Unemployment: A growing Challenge
BEIJING – As the world’s second-largest economy, China is facing a significant challenge in its post-pandemic recovery phase. The nation’s youth unemployment rate has soared to an alarming 18.8% in August, marking the highest level recorded this year. This increase … Continue reading China’s Youth Unemployment: A growing Challenge
Volkswagen’s Electrifying Leap in China: A 2024 Overview
SHANGHAI – In the ever-evolving automotive landscape of China, Volkswagen Group China has made significant strides, delivering a robust performance with 3.236 million vehicles reaching customers in the mainland and Hong Kong in 2023, marking a 1.6 percent increase. This … Continue reading Volkswagen’s Electrifying Leap in China: A 2024 Overview
Temu’s Strategic Expansion into Europe: A Game-Changer
DUBLIN – In a bold move that is set to redefine the e-commerce landscape, Temu has announced its expansion into the European market, targeting retailers in Germany, France, Italy, Spain, Great Britain, and the Netherlands. This strategic decision comes with … Continue reading Temu’s Strategic Expansion into Europe: A Game-Changer