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China
Chinese Meal App Meituan is Likely to Receive A Large Fine
The Chinese Meituan, the most significant meal delivery company in the world, will be fined the equivalent of 1 billion dollars if it is up to the Chinese competition authority.
The group allegedly abused its…
Delta Variant Also Affects China: First Infections in Wuhan in 15 Months
China is once again battling a coronavirus outbreak. In the country where the virus was first diagnosed, the epidemic had already been virtually eradicated for a year, but the delta variant is now also circulating there.…
China Rolls Out Red Carpet for A Delegation of Afghan Taliban Rebels
A delegation of top Taliban officials was received in the port city of Tianjin by Chinese Foreign Minister Wang Yi. That is remarkable and is just one step less than the official recognition of the Taliban.
As…
World Bank Raises Growth Forecast for China’s Economy
The Chinese economy, the second-largest in the world, will grow faster this year than previously thought. That says the World Bank, which now expects growth of 8.5 percent, compared to a previously predicted 8.1 percent.…
Chinese Tesla Deliveries Recover from April Dip
Car manufacturer Tesla delivered significantly more cars in China in May compared to a month earlier. The automaker recovered from the dip in deliveries in April, when car production was temporarily suspended due to…
China Trade Remains Strong; Especially Imports Rose Sharply
China's trade with the rest of the world rose again sharply in May due to the economic recovery from the corona crisis.
Imports from China, in particular, rose sharply as a result of sharply rising raw material…
China Blocks the Use of Crypto Coins
The Chinese government has more or less prohibited banking federations in the country from working with crypto coins. The move would be responsible for a significant drop in the price of bitcoin, among others.
…
Alibaba Founder Jack Ma is No Longer the Richest Man in China
Jack Ma, the founder of online store giant Alibaba, has officially lost his title of the richest man in China. The entrepreneur who has recently been at odds with Chinese regulators has dropped to fourth place on the…
China and India Clash Again in the Border Area
Soldiers from India and China have come to blows again in the Himalayan border region. There would have been injuries on both sides. The Indian army speaks of a "small confrontation".
A confrontation between…
Indonesia: Chinese Vaccine is Halal
Sinovac Biotech's Chinese corona vaccine has been declared halal by Indonesia's highest religious council.
That means that Muslims in the country are allowed to use the vaccine without violating Islamic rules…