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230524 -- LAGOS, May 24, 2023 -- Guests pose for a group photo at a launch ceremony for Yutong electric buses in Lagos, Nigeria, on May 23, 2023. Chinese bus maker Yutong on Tuesday launched the first electric mass transit buses targeting public transport in Lagos, Nigeria s economic hub, as the country prepares for the gradual shift from internal combustion engine-powered vehicles to sustainable electric vehicles EVs. The project is a collaboration between the Oando Clean Energy Limited, Yutong s partner in Nigeria, and the Lagos Metropolitan Area Transport Authority to start proof-of-concept with two Yutong electric buses on the Bus Rapid Transit road in Lagos. Photo by /Xinhua NIGERIA-LAGOS-CHINESE ELECTRIC BUSES-LAUNCH LixPeng PUBLICATIONxNOTxINxCHN

Yutong's uncertain partner in Lagos

The Chinese manufacturer Yutong plans to supply 12,000 electric buses to the Nigerian metropolis. However, the deal could come with unpleasant surprises. The Nigerian partner is embroiled in a severe financial scandal.

By Christian Hiller von Gaertringen

Youth unemployment continues to rise

Four months after dropping the strict zero-Covid policy, unemployment among China's youth continues to rise. However, the country's economic weakness cannot be the sole reason, as overall unemployment is gradually declining. Rather, the main causes appear to be a lack of prospects for college graduates.

By Experts Table.Briefings

TM_ESG_Globale Wertschoepfungsketten_EN02_Zeichenfläche 1 Kopie

SMEs criticize implementation of German Supply Chain Act

According to a survey conducted by the Hamburger Stiftung für Wirtschaftsethik (Hamburg Foundation for Business Ethics), German SMEs consider protecting human rights along the supply chain important. The focus is currently primarily on supply chains in China. However, companies are not satisfied with the implementation of the law in Germany – and do not always feel adequately represented by their own associations in this regard.

By Caspar Dohmen