Joint venture Jade Cargo faces crash landing

Joint venture Jade Cargo faces crash landing

Bad news for Jade Cargo: Lufthansa pulls itself out from the cargo company backed by Shenzhen Airlines. There’s no more flights of Jade Cargo “until further notice”. It was only a small glimmer of hope, as of Monday this week, the partners involved, Shenzhen Airlines and Lufthansa had temporarily parked the fleet because of weak […]

China / Germany: discussions between senior diplomats on bilateral relations

China / Germany: discussions between senior diplomats on bilateral relations

The Chinese Vice Minister of Foreign Affairs Fu Ying held political consultation with the State Secretary of German Foreign Affairs Ministry, Emily Haber, Friday in Beijing, and both sides agreed to further promote bilateral relations. They exchanged views on Sino-German, Sino-European relations, and other topics of mutual interest, according to a statement provided by the […]

Chinese aircraft manufacturer attracted German suppliers

Chinese aircraft manufacturer attracted German suppliers

German aircraft suppliers may get more orders from China. The Chinese state company Commercial Aircraft Corporation of China, Ltd (Comac) asks German involvement in the development of its own aircraft, declared the Chinese during a visit of German business delegation to Shanghai. China will try to break the duopoly of Airbus and Boeing with the […]

China made its first space docking test

China made its first space docking test

the Shenzhou-8 spaceship has successfully completed its rendezvous with Tiangong-1 (“heavenly palace”), at a speed of about 28,000 km/h, 343 km above of the Earth. With this first rendezvous in orbit, China confirmed its intention to become a major space power. The docking of two vessels, for now uninhabited, is a crucial step towards building […]

German Companies Believe in China

German Companies Believe in China

Despite difficult market access and lack of legal certainty, German businesses are optimistic about the growth of China market. According to a survey by the German Chamber of Commerce in China among its members, according to the survey , willingness to invest is 43 percent more than last year. “This shows confidence in Chinese economy,” […]

Lanxess Group Expands Further in China

Lanxess Group Expands Further in China

Germany based Chemicals group Lanxess is expanding its business in China. The group plans to invest more than 40 million euros. “China is one of the fastest growing markets in Asia and thus playing a key role in our medium-term growth strategy,” said chief executive Axel Heitmann. Earlier this week the group laid the groundwork […]

Audi’s Growing Dependence on China

Audi’s Growing Dependence on China

In the first half year, the VW subsidiary Audi in China sells more than 140,000 vehicles and for the first time more than in Germany. Every fourth Audi is now on Mainland China and Hong Kong’s streets. Despite a cooling overall market, Audi is not to slow down in the Far East. The Ingolstadt-based carmaker […]