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
USA: Massive tariff increases on Chinese goods
WASHINGTON – The U.S. government yesterday announced a significant expansion and increase in punitive tariffs on products from China. The measures, led by President Joe Biden, target a range of industries, including electric cars, semiconductors, solar panels, and protective masks. … Continue reading USA: Massive tariff increases on Chinese goods