Jörn Petring

On May 17, a tragic accident occurred in the middle of the Indian Ocean. Chinese state media reported the sinking of the deep-sea fishing vessel Lu Peng Yuan Yu 028. The ship carried a crew of 39, all presumed to have died.The disaster occurred 1000 kilometers south of Sri Lanka, far from Chinese waters. The […] continue reading →

Jamie Dimon, arguably the world’s most famous banker, visited China this week for the first time since the end of the pandemic. The billionaire and head of JPMorgan tried to spread good vibes in Shanghai. But in reality, he probably is not pleased with how his bank is doing in the People’s Republic.China made a […] continue reading →

If a hole were drilled from Beijing to the other side of the planet, one would end up in the South Atlantic, between Argentina and Antarctica. So hardly any other place could be further away from China’s center of power than the Antarctic region.Despite the enormous distance, China is harboring grand ambitions on the icy […] continue reading →

When Elon Musk’s Starship recently blasted off on its first test flight, engineers at the Beijing Academy of Launch Technology (CALT) were watching very closely. After the launch, which ended with an explosion of the giant rocket, they published a detailed analysis of the flight and the reasons for its failure on Weibo.The Chinese interest […] continue reading →

Bernard Arnault already succeeded Elon Musk as the world’s richest man last year. But since the beginning of the year, the head of the French luxury group LVMH, which owns brands such as Louis Vuitton, Moet & Chandon and Christian Dior, has once again significantly increased his lead.The Frenchman Arnault benefits from the opening of […] continue reading →

China has rolled out the red carpet in Xi’an for the Central Asian states of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. President Xi Jinping welcomed the leaders of the five former Soviet states to a banquet Thursday to kick off a two-day summit. In the run-up, Xi held a series of talks with his guests. […] continue reading →

Chinese companies face a serious problem in the race for AI language models like ChatGPT. They do not have enough chips capable of computing these complex models. Yin Qi, CEO and co-founder of Megvii, has now been surprisingly frank about the challenges the industry faces. Megvii is a leading AI company in China.Yin told the […] continue reading →

The May holidays have shown: At least in their own country, the Chinese are already traveling more than before the pandemic. This also raises hopes in the international tourism industry. However, it will have to wait a bit longer for the big business. continue reading →

In recent weeks, the party's disciplinary commission has targeted several top bankers in the country. Foreign investors are reacting nervously. Is the leadership focused on stability or ideology? continue reading →

Elon Musk has apparently buried his plans for a high-speed tube train between Los Angeles and San Francisco. China, on the other hand, is holding on to the technology. The first line could go into service in 2035. The technology is "of strategic importance" for Beijing. continue reading →

The Germans have massively lost market share. The downturn in the EV segment and a fierce price war are weighing on sales. Will the car show in Shanghai bring a comeback? Observers are skeptical. continue reading →

His predecessor Bolsonaro got along well with Donald Trump and showed reservations toward China. But Brazil's President Luiz Inácio Lula da Silva has a different plan for his country and is courting the leadership in Beijing. Xi Jinping thanks him with much pomp and calls him a "good old friend" in Beijing. continue reading →

The Chinese leadership and state media are keeping a conspicuous verbal low profile ahead of the talks between Head of State Xi and his European visitors Macron and von der Leyen. They are downright eager to show understanding for the Europeans – surprising after the EU Commission Chief's critical keynote speech. Commentators and social media, meanwhile, are ranting about the guests. continue reading →

China's new Premier continues his economic charm offensive at the "Asian Davos". Clear criticism of China and the USA is voiced at the event by his counterpart from Singapore. continue reading →

At his first press conference as the new Premier, Li Qiang lived up to his reputation as a pragmatist with a strong business focus. He strikes a conciliatory note towards the United States. But he does not want to hear anything about mistakes made during the Covid pandemic. continue reading →

Beijing has managed to broker an agreement between the long-disputed states of Iran and Saudi Arabia. Has China thus also demonstrated its potential as a mediator in the war against Ukraine? continue reading →

The office of premier has significantly lost meaning under Xi. Could this change with the departure of Li Keqiang? His successor is a confidant of the president – but not a mere "yes man". continue reading →

China's new foreign minister could have said a lot about the war in Ukraine regarding the peace plan. But he preferred to rant against the USA during his grand appearance at the People's Congress. Above all, however, he backed Moscow. continue reading →

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