According to anonymous sources cited by "Reuters," Chinese manufacturers are seriously considering acquiring German Volkswagen factories slated for closure. If this sale occurs, it would be an unprecedented situation.
India and China will continue to drive global economic growth in the next two years, while the United States could also benefit from a more neoliberal approach by the new administration. But Germany is lagging behind.
Germany's top-end carmakers took a battering at home and in China in 2024, sales volume data showed, as wealthier consumers held back on purchases amid an uncertain economy and on slower than expected electric vehicle sales.
Visitors spend their leisure time at a coffee shop in the Hongmei cultural and creative industry park, which is transformed from an old factory, in Tiexi District of Shenyang, capital of northeast China's Liaoning Province, Nov. 30, 2024. (Xinhua/Sun Ruibo)
Chinese investors are considering buying German car factories, including Volkswagen's, to establish a stronger presence in Europe's auto industry. This move aims to avoid EU tariffs on imported electric vehicles and deepen China-Germany industrial ties,
China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.
For a long time, Germany has valued China's exhibition market and continuously deepened cooperation. Shanghai New International Expo Center (SNIEC), a joint venture between Lujiazui Exhibition Development Co Ltd Deutsche Messe AG, Messe Düsseldorf GmbH, and Messe München GmbH, is jointly operated by China and Germany.
BMW posted a drop in annual sales on Monday, joining its German peers in reporting numbers weighed down by economic weakness in China, the world's largest car market, and Germany. The German premium carmaker sold 2,
German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers.
The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial mach
Beijing warned Germany on Friday to stop "hyping up" spying risks a day after prosecutors there charged three people suspected of supplying technological information to Chinese intelligence.
Germany is giving its armed forces the ability to shoot down unidentified drones suspected of spying on military bases, industrial facilities and other critical infrastructure, according to people familiar with the matter.