Philippine President Marcos issues warning to China
SINGAPORE – On the opening day of the Shangri-La Dialogue in Singapore, Philippine President Ferdinand Marcos issued a stern warning to China. In his speech, Marcos emphasized the Philippines’ determination not to surrender a single square millimeter of the South … Continue reading Philippine President Marcos issues warning to China
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
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
CHINAS CHANG’E-6 MOON MISSION: Waiting for updates
BEIJING — China has achieved a historic milestone with the successful launch of the Chang’e-6 mission. This ambitious endeavor aims to collect the first-ever samples from the lunar far side, providing invaluable insights into the Moon’s geological history and the … Continue reading CHINAS CHANG’E-6 MOON MISSION: Waiting for updates
Hongqi Unveils Stylish Electric Convertible EH7
BEIJING – Hongqi, the luxury subsidiary of China’s FAW Group, has unveiled the world’s first electrically powered convertible at the 2024 Beijing Auto Show: the Hongqi EH7 Cabriolet. This new variant of the EH7 sedan adds a touch of open-air … Continue reading Hongqi Unveils Stylish Electric Convertible EH7