The turmoil surrounding Gamestop has helped a Chinese trading app to a breakthrough in the US. The competition had blocked critical orders, leaving a gap for Webull. The up-and-coming app uses smartphones to find its way into stock market trading.
Von
International fashion companies are facing accusations that their processed cotton comes from Uyghur forced labor. The Chinese government speaks of a labor transfer program. But some companies are dissolving their cooperation with producers from China.
Von Felix Lee
The recycling of spent EV batteries is still in its infancy worldwide. China will soon be the first country to be confronted with a gigantic amount of used batteries. The first recycling factories have been set up. Rules and standards for recycling have already been set. For example, by law, EV companies must collect their used batteries everywhere they sell cars. One of the pioneers in recycling is electric car pioneer BYD.
Von Christiane Kuehl
The government in Beijing wants to establish the renminbi as a global reserve currency. While the Chinese currency is becoming increasingly popular for trade and financial transactions, it has so far been unable to pose much of a threat to the US dollar. There is simply a lack of confidence in the Chinese financial system, according to Arvind Subramanian and Josh Felman.
Von Ning Wang
