Volkswagen: victim of industrial espionage in China?

Volkswagen: victim of industrial espionage in China?

The Chinese partner of Volkswagen Group China is suspected of engaging in an illegal transfer of technology, causing the detriment to the German car maker, says the German daily newspaper Handelsblatt on Friday, July 27. For several months, the Chinese company FAW, fruit of a joint venture between Volkswagen and Chinese company, conducted “systematic and […]

Adidas to close only wholly-owned factory in China

Adidas to close only wholly-owned factory in China

Adidas confirmed on Saturday that it will close its only company-owned factory in China, signaling a strategic transition by the German sportswear giant to fully subcontracted production. The factory in Suzhou, east China’s Jiangsu province, will be shut down in October this year to allow the company to “realign its global resources,” according to Chen […]

BMW doubles its capacity in China to take the niche

BMW doubles its capacity in China to take the niche

BMW launches its second plant in China on Thursday. It doubles its capacity in China. The niche of high end is the most attractive part of all market segments. BMW and its Chinese partner, Brilliance China Automotive (华晨汽车), inaugurated on Thursday the second plant of German automotive group in China. “We will increase our capacity […]

Germany led by Pastor

Germany led by Pastor

The new president of Germany Joachim Gauck officially took office. Yesterday he spent the first working day in the Berlin residence. The swearing-in ceremony is scheduled for Friday. Meanwhile, Gauck accepts congratulations from foreign colleagues. For the first time in the history of presidential elections in the Federal Republic of Germany, represented by Pastor Joachim […]

Chinese Premier: European stability is in the interest of China

Chinese Premier: European stability is in the interest of China

A stable Europe is in the interest of China, said Chinese Premier Wen Jiabao in statements published Sunday after a visit to Beijing by German Chancellor Angela Merkel. “First, the largest market for our exports is Europe,” said Wen Jiabao Saturday in Guangzhou, adding that Europe was the main source of technology for China. “To […]

China reassures that it does not “buy Europe”

China reassures that it does not “buy Europe”

The Prime Minister reassured German Chancellor Angela Merkel, in the visit to Canton. China has neither the intention nor the capacity to “buy Europe”, said Premier Wen Jiabao to the German Chancellor, Angela Merkel and an audience of businessmen in Canton. China, which is concerned about the crisis in the European Union, its first export […]

Merkel to discuss with China on European debt crisis and sanctions on Iran

Merkel to discuss with China on European debt crisis and sanctions on Iran

German Chancellor Angela Merkel will discuss with China on issues such as the European debt crisis, sanctions on Iran’s nuclear program during her visit this week. The newspaper “China Business News” says that in her meetings with Chinese leaders, Merkel will discuss possible solutions for the European sovereign debt crisis as Brussels hopes to address […]

German satellite almost crashed in Beijing

German satellite almost crashed in Beijing

It sounds like the story of a disaster film: a 2.5-ton scrap Satellite directly flew to Beijing without control. The satellite crashed just before the coast in the Bay of Bengal in October 2011. If it had crashed seven to ten minutes later, it would hit Beijing, the Chinese metropolis of 17.6 million residents. German […]

Merkel travels to Beijing and Guangzhou

Merkel travels to Beijing and Guangzhou

German Chancellor Angela Merkel travels to China next week. The focus of her two-day visit on Thursday and Friday are the state of the global economy and in particular the debt crisis in Europe. It also covers the development of bilateral relations. The Chancellor will lead political talks in Beijing on Thursday and continue to […]