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All articles by Nico Beckert

Scholz warns against too much dependence
German Chancellor Olaf Scholz warns Germany against being too dependent on China. Diversification in imports of raw materials is crucial, Scholz said Thursday at the chancellor’s summer press conference. German companies also understood this, he said. He also stated that Germany will thus have to ensure that lithium, for example, is sourced from different parts […] continue reading →
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by Nico Beckert
Report: Xi about to embark on state visit to Saudi Arabia
According to a report in The Guardian news, Xi Jinping will travel to Saudi Arabia next week. The report states that China’s president is to be welcomed with a gala reception. It would be Xi’s first state visit abroad since the beginning of the Covid pandemic in January 2020, and the grand reception is expected […] continue reading →
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by Nico Beckert
Committee head calls for a harder line on China
The chairwoman of the German Bundestag’s Committee on Human Rights and Humanitarian Aid, Renata Alt, urges the German government and the European Union to take a tougher stance regarding relations with China. “If we still want to be taken seriously internationally, then it is important that we take a clear position,” the FDP member of […] continue reading →
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by Nico Beckert
Innovative pilot program puts more solar on rooftops
Solar systems on roofs have great potential for the energy transition. The German government is debating mandatory solar panels for new buildings, and some German states have already introduced similar measures. China has long lagged behind other countries in this respect. But for some years now, the People's Republic has been experiencing a boom. Thanks in part to an innovative pilot program. continue reading →
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by Nico Beckert
Adidas CEO admits mistakes
A longer-term failure of China as a growth market could call Adidas’ sales and profit targets for the years up to 2025 into question. “If the original assumptions change permanently, we would also have to adjust our targets,” CEO Kasper Rorsted told Handelsblatt in an interview published on Tuesday. He said, however, that he did […] continue reading →
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by Nico Beckert
Taiwan: Exercises show plans for an invasion
According to its own information, China continued its military exercises in the sea and airspace around Taiwan on Tuesday. The focus of these drills was on naval blockades and securing supplies, the responsible operational command of the People’s Liberation Army announced. Taiwan, in turn, began its own maneuvers, which had been announced for some time. […] continue reading →
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by Nico Beckert
First Covid cases in Tibet in two years
After two Covid-free years, Tibet is recording infections again. After 18 cases of the Omicron variant occurred in the capital Lhasa, parts of the city were sent into lockdown. The Potala Palace was closed. In Tibet’s second-largest city, Shigatse, bans were also imposed. Authorities canceled major events, closed recreational facilities, and restricted travel, according to […] continue reading →
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by Nico Beckert
More EV sales expected
The China Passenger Car Association has raised its forecast for EV sales in 2022 from 5.5 million to 6 million. According to the report, 486,000 EVs were sold in July, accounting for more than 27 percent of the total market. Domestic manufacturers increased their market share of EVs by nine percent year-on-year to 73 percent […] continue reading →
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by Nico Beckert
Cancer drug: Sanofi acquires stake in biotech company
The French pharmaceutical company Sanofi has made a €300 million investment in the Chinese biotech company Innovent Biologics. The two companies plan to jointly develop two cancer drugs in China, as reported by the business portal Caixin. According to company sources, Innovent has signed a licensing agreement with Sanofi for the exclusive marketing of the […] continue reading →
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by Nico Beckert