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Chinese shipping company Cosco Shipping is taking a 35 percent stake in a Hamburg container terminal. The Hanseatic city welcomes this investment as a strengthening of Hamburg's role as a transport hub. For the terminal operator HHLA, the investment means planning security and the possibility of a strategic partnership.
By Christiane Kuehl
In addition to Evergrande's real estate projects, asset products of Evergrande's Wealth Management were deemed a safe investment. Many bank consultants recommended them to retail investors. What will happen to their investments now, and how will they react to the constant stream of bad news? Beijing is taking its time with a final decision.
By Ning Wang
The International Energy Agency (IEA) has drafted a carbon neutrality roadmap for China. According to the plan, solar energy will become the number one energy source by 2045, and coal consumption has to be cut back to one-fifth by 2060. Greater efficiency and a massive expansion of renewable energies are needed. There is even implementation of technologies that do not exist yet. This all costs a lot of money. But the IEA believes that China is capable of making the transition even faster.
By Christiane Kuehl
One of China's most complicated insolvency cases enters the next round: The HNA Group from Hainan in southern China is split into four independently managed business units. HNA is the parent company of the renowned Hainan Airlines, the only airline that services direct routes from Beijing to Berlin. The tourism company definitely still has a future – if it operates more frugally and efficiently in the future.
By Frank Sieren