TSMC expands its investments in the United States. The Taiwanese chip manufacturer plans to build three state-of-the-art semiconductor plants in Arizona. The US government is funding the project with several billion US dollars.
By Michael Radunski
German consumer watchdogs and business associations have been keeping a critical eye on the Chinese shopping app Temu for some time. The German government now demands legal action against the constant generation of new shopping impulses.
By Redaktion Table
Trade Minister Wang Wentao travels to Paris ahead of Xi Jinping's visit to France. The EU and China are currently involved in several open trade disputes.
By Amelie Richter
Chinese real estate developer Shimao faces further pressure. It cannot serve its foreign debts. The China Construction Bank has filed a liquidation petition against the ailing company.
By Fabian Peltsch
During the ongoing war in Ukraine, Russia's Foreign Minister Sergei Lavrov is expected to arrive in Beijing on Monday. China is currently Russia's main ally.
By Felix Lee
During her visit to China, US Treasury Secretary Janet Yellen spoke with Premier Li Qiang about the Chinese overproduction of numerous industrial products.
By Felix Lee
Yet another international biotech group acquires a successful Chinese company. Genmab AS from Copenhagen buys ProfoundBio, which has developed new cancer therapies, for 1.8 billion US dollars.
By Christiane Kuehl
The Biden administration is increasing pressure on the Netherlands by preventing the leading chip manufacturer ASML from servicing equipment in China. To this end, a US representative will travel to The Hague.
By Redaktion Table
China's overcapacity is also becoming a problem for the US. US Treasury Secretary Yellen wants to raise the issue in Beijing. The trade war could escalate further.
By Felix Lee
Chinese electric buses and trucks are gaining ground in Europe. Christian Levin, head of Traton – VW's holding company comprising MAN and Scania – warns of the well-positioned competition from the Far East.
By Felix Lee
