BMW has exceeded all expectations in the second quarter, taking advantage of the enthusiasm of Chinese wealthy classes for the new version of the 5 Series. From April to June BMW’s operating profit jumped 83% in high-end cars market, approaching 2.41 billion euros and the operating margin has increased to 14.4%, up 4.8 percentage. Margin, […]
The debt crisis in Greece is a good opportunity for Chinese companies to invest in the privatization plan that will reorganize the country, said Sunday the Chinese ambassador to Greece. Ambassador Luo Linquan (罗林泉), whose remarks were reported by the Xinhua news agency, estimates that the impact of the debt crisis on trade between China […]
The German Customs port of Hamburg has achieved success in the fight against organized cigarette smuggling. As a spokesman for the Customs Service announced on Thursday, investigators were able to confiscate a total of 13 million counterfeit cigarettes from China. Prevented the fiscal damage amounts to € 2.6 million. The action lasted several weeks. The […]
As the main source of counterfeit products entering Europe, China provided 85% of the counterfeit products seized at EU borders in 2010, revealed on Thursday by the European Commission in a report on customs operations. In 2009, 64% of counterfeit goods seized by customs of the European Union come from China, according to this document. […]
China trusts the stability of the euro zone and the euro, said Yi Gang, the Vice President of the People’s Bank of China at a conference on financial stability on Monday. A united, prosperous and strong Europe plays a major role in global stability and development, Yi noted, adding that: “We support the European Union, […]
A Swedish student in China has seen his visa revoked after calling on his blog to a flash mob in Shanghai for freedom of expression, reported Swedish public radio Saturday. “For a long time I want to try to organize a small event that could simultaneously attract the attention of the paranoid” said Sven Englund […]
In the next 10 or 15 years China will become the first source country of tourists for Spain, so that Spain has to be well positioned to receive this “bang”. Said the Spanish government official in the Spain-China Forum in Barcelona. In this sense, he stressed the importance of streamline visa procedures for Chinese to […]
The number of Chinese children adopted by Spanish families has declined by 80% in the last five years due to economic growth in China.
A spokesman for the People’s Bank of China (PBC), the Central Bank of China, said Wednesday that China welcomed the appointment of the French Finance Minister Christine Lagarde as new director of the International Monetary Fund (IMF).
The 800 inhabitants of Hallstatt in the Salzkammergut, Austria, are outraged. The Austrian media revealed last week that a Chinese property developer wants to build a copy of their village – including its famous lake – in the Guangdong province in southern China. According to the mayor of Hallstatt, Alexander Scheutz, Chinese architects have secretly […]