Cars are responsible for a significant portion of CO2 emissions in China, Europe, and the US. New figures show that the market for EVs is growing rapidly. But the growth is not yet enough to meet the sector's climate targets. And while Europe is betting heavily on plug-in hybrids, China sells mostly pure EVs and dominates the market in e-buses. But the climate problem remains.
By Nico Beckert
Chinese tennis player Peng Shuai disappeared after accusing a top Chinese politician of sexual assault. Instead of attempting to resolve the situation, Beijing is cracking down with harsh censorship.
By Redaktion Table
After six years of construction, China has completed its first high-speed railway line with an international connection. It leads to Laos. Elsewhere, however, ambitious railway plans are at a standstill, partly because of the Covid pandemic. But in the future, construction work will resume. The People's Republic wants to draw in neighboring countries with a high-speed train network.
By Frank Sieren
Siemens Mobility plans to sell its subsidiary Yunex, which offers technology solutions for traffic control. In addition to European and American bidders, Chinese tech company Hisense is now also expressing interest. In view of the rapid digitalization of traffic in China, the acquisition would be particularly promising.
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"Common prosperity" is currently the main slogan of China's President Xi Jinping. Curbing inequality could significantly shape the country's policies in the coming years. But is Beijing really aiming for a major societal shift? Or are the many speeches about "common prosperity" more an expression of a new populism?
By Nico Beckert
The Chinese pavilion at this year's Expo in Dubai does not shine with innovations. Rather, China is using the world exhibition as a stage to represent its own image.
By Marcel Grzanna
Stephan Woellenstein is probably about to be replaced as Head of Volkswagen Group China. He apparently failed due to bad timing, unrealistic demands by the company and a difficult market. China's press also took note of sale difficulties at VW.
By Redaktion Table
Digital assets and blockchain-based financial services have the potential to cause a major shift in the global financial world. However, Beijing is particularly concerned about crypto mining due to its high power demand. The leadership is announcing new measures against mining and threatening to raise prices. But Beijing can't quite let go of digital currencies – and continues to allow companies like Huobi to participate in the crypto boom.
By Frank Sieren
