China

China · 15. August 2020
The yuan is going global at an increasingly faster pace, with the currency's cross-border transactions surging by about 24 percent and becoming the world's 5th most often used payment currency in 2019. Experts said that this trend is partly due to overseas companies being increasingly inclined to shun the US dollar for fear that their business will be affected by the Trump administration's hostile policies toward China. The total amount of cross-border yuan payments and receipts by banks was...
China · 15. August 2020
The Middle Kingdom is not only known for its rice and noodles, but has since become an emerging wine country. In addition to the popular rice wine, the Chinese are more and more interested in their own and international wines. In the last five years, China has become the fifth most important wine import market and the fifth largest wine consumption market in the world. But the Chinese not only drink more wine, but also build it up. According to recent figures from the International Organization...
China · 15. August 2020
China's railway network is a fast-paced wonder that helps make exploring this huge country much easier. As Chinese New Year, which marks the largest human migration on the Earth, draws to an end, the growing high-speed rail network carries a significant transport burden with almost 60 percent of the population using it over a four-week period. But it's not just locals who can take advantage of the quick journeys the railway network offers, both domestic and foreign tourists can use the trains...
China · 11. August 2020
Two of the US’s top “strategic threats” are getting closer and closer within the scope of the New Silk Roads – the leading 21st century project of economic integration across Eurasia. The Deep State will not be amused. Iranian Foreign Ministry spokesman Abbas Mousavi blasted as “lies” a series of rumors about the “transparent roadmap” inbuilt in the evolving Iran-China strategic partnership. That was complemented by President Rouhani’s chief of staff, Mahmoud Vezi, who said...
China · 10. August 2020
China-Pakistan Economic Corridor (CPEC), is under execution smoothly for the last couple of years and most of the early harvest projects have been completed or are at an advanced stage of completion. The fruits of CPEC projects will be enjoyed by Pakistan in the form of sufficient amount of electricity available almost to everyone, an improved network of roads in almost all parts of Pakistan, the growth of GDP and the country's economic progress as compared to pre-CPEC time. However, there are...
China · 10. August 2020
The recent Saudi confirmation that Riyadh will be investing $10 billion to set up an oil refinery in Pakistan’s deepwater port of Gwadar, which is part of the marquee China-Pakistan Economic Corridor (CPEC), is a big strategic development. Not only does it shore up the CPEC which aims to build a massive network of roads, railways and power plants across the breadth of Pakistan, but also showcases a new strategic axis comprising Saudi Arabia, Pakistan and China. The Chinese-funded CPEC to...
China · 10. August 2020
Hainan, an island province known as China’s Hawaii, does not only want to be known for sunshine and beaches: It has set an ambitious goal to become the country’s southern hub for technological innovation. The strategy involves offering tech start-ups free rent, reduced tax rates, easier visa policies, and access to government-backed venture capital funding. The first global tech company to commit to a presence on the island was Microsoft, which signed an MOU with the provincial government...
China · 10. August 2020
ByteDance, the world’s most valuable start-up, has introduced a new video-based social messaging service, “Duoshan”, that aims to become as popular an everyday mobile app in China as Tencent Holdings’ WeChat. Duoshan, which translates to “many flashes”, lets users send text messages and stickers, as well as share images and videos accessible for up to 72 hours, to each other – features that are similar to those of US multimedia messaging app Snapchat and social network Instagram....
China · 10. August 2020
In no country in the world are as many people online as in the Middle Kingdom. They usually use the Internet much more intensively - but they see a completely different way than we in Europe. China's Internet users live in another world. China's Internet is another world behind a wall You can also see it the other way around: If Chinese people get caught up in hotel W-Lan abroad, they suddenly have access to services that they know, if at all, only from hearsay. For example, this foreign world...
China · 09. August 2020
Evergrande Group, China’s third-largest property developer by sales, has bought control of a producer of electric vehicles in the country, bolstering its founder’s ambition to diversify from real estate into the emerging industry of next-generation automobiles. The developer will use its subsidiary Evergrande Health Industry Group to pay US$930 million for 51 per cent of National Electric Vehicle Sweden (NEVS), according to a statement to the Hong Kong stock exchange, where it is listed....

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