- Malacca: China’s Suez Problem
- Beijing’s policy with loan contracts
- Hong Kong’s struggle from exile
- China specifies rules for emissions trading
- CanSino: vaccine talks with EU states
- Xiaomi invests $10 billion in EVs
- EU anti-dumping duties on aluminum products
- Beijing slows expansion of new high-speed train routes
- Covestro advises Guangzhou Automobile
- Eberhard Sandschneider: China-bashing is booming
On behalf of the WHO, scientists describe their search for the source of the COVID-19 in Wuhan on a good 120 pages – but they could not find it. “We have not yet found the source of the virus”, said WHO head Tedros Adhanom Ghebreyesus. All theories are still on the table.
In the long-awaited report, the team concludes that the virus could originate in pangolins as well as bats. The scientists stressed that further studies are essential to get to the bottom of the matter. They described the theory that the virus could have escaped from a laboratory, however, as “extremely unlikely”.
Researchers at the Kiel Institute for the World Economy (IfW), meanwhile, have been able to take a closer look at 100 Chinese loan agreements with developing and emerging countries for the first time – and found secrecy clauses and possible political influence by Beijing in the countries. Nico Beckert was able to view and analyze the study in advance for China.Table.
The economic drama surrounding the freighter “Ever Given”, which got stuck in the Suez Canal, has set alarm bells ringing in Beijing. Because another strait is even more dangerous for China’s supplies: the Strait of Malacca near Singapore. Beijing is looking for alternatives to the bottleneck, as Frank Sieren reports.
Ted Hui was a parliamentarian in Hong Kong. He has been on the run with his family since December. He spoke to Marcel Grzanna about his fate and that of his fellow campaigners.
Malacca: China’s Suez problem
For almost a week, the container ship “Ever Given” blocked the southern end of the Suez Canal and, thus, one of the world’s most important trade routes. The gigantic 200,000-ton ship had been on its way from China to Rotterdam and then ran aground. According to the Kiel Institute for the World Economy, 98 percent of container ships pass through the Suez Canal when traveling between Germany and China.
Nevertheless, another strait is even more dangerous for China’s supply. While the Suez Canal mainly transports products “Made in China” but also supplier parts from Europe, a large part of the oil supply from Saudi Arabia and Iraq passes through the Strait of Malacca near Singapore.
80 percent of China’s oil imports – a good 20 percent of China’s energy needs – pass through the strait near the eponymous Malaysian city, which connects the Indian Ocean with the Pacific. If a blockade were to occur here, whether due to an accident, terrorists, or a military conflict, China would be hit the hardest.
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