Dessert
The German metalworkers' union IG Metall warns of unfair competition in the wind power sector. Employee representatives criticize the market entry of Chinese suppliers in Germany and call for safeguards to secure domestic jobs.
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Based on new company information, the EU has once again lowered its extra EV tariffs for some brands. Tesla now has to pay a tariff surcharge of just under eight percent on cars from China, instead of the previously planned nine percent.
By Christiane Kuehl
Russia launched large-scale naval exercises with over 400 ships, in which China is also participating. The drills are intended to demonstrate the growing military cooperation between the two countries.
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In April, Xi Jinping launched a major initiative for equipment upgrades and consumer product trade-ins, backed by a 300-billion yuan fund. The program aims to stimulate domestic demand and technological progress by targeting both consumer and industrial goods.
By Experts Table.Briefings
While Apple's iPhone 16 hardly differs from its predecessor, Huawei has unveiled a genuine innovation in China in the form of a double-folding smartphone. The Californian company's crisis in the Chinese market is likely to continue.
By Jörn Petring
China is accelerating the expansion of its microprocessor capabilities despite Western sanctions. Although there are no miracles, "de-Americanization" is progressing thanks to massive investments. The focus is on producing large volumes of sufficiently efficient chips.
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Spanish pork also needs China's many buyers. In talks with China's President Xi Jinping, Prime Minister Pedro Sánchez raised hopes of an agreement in the customs dispute between Beijing and Brussels.
By Michael Radunski
China's President congratulates ruler Kim Jong-un on North Korea's foundation day. The message is surprisingly sober. Relations between the two countries have recently deteriorated noticeably.
By Michael Radunski