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Tesla could make big cost reductions at its Chinese gigafactor, according to Reuters, who have reported that Tesla and Chinese battery manufacturer CATL are in an advanced stage of negotiations. Once the collaboration is established, Tesla will have the opportunity to use cobalt-free batteries in vehicles manufactured in China. Cobalt is one of the most expensive components of batteries.

Almost every Hungarian people have heard about the new type of coronavirus, but:

On February 13, Mr. Ernő Pető, president of ChinaCham has been interviewed about the coronavirus by M1, the Hungarian national tv channel.

ChinaCham Hungarian-Chinese Chamber of Economy held its Annual General Meeting on February 7, 2020, as previously announced.

In the interests of protecting the health of the Hungarian population, at its session on 31 January 2020 the government-established Operational Group for Protection against the Coronavirus Epidemic set up an Action Plan.

Az amerikai-kínai kereskedelmi háború egyik félnek sem tett jót, így nem csoda, ha a tőzsdék kedvezően reagáltak arra a hírre, hogy a kínaiak visszavonják a szeptemberben érvénybe lépett büntetővámokat. Lassú ez a búcsú a fegyverektől, hiszen az amerikaiak még fenntartják a szankciók nagyrészét.

Several European cities to cancel Lunar New Year festivals including Budapest.

United Nations World Health Organization (WHO) made recommendations on basic rules to reduce the chances of anyone getting infected with the coronavirus. Pneumonia can be fatal.

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Curretly, it is very unlikely that the new pneumonia-causing coronavirus will appear in any EU member states, though the celebration of the Chinese Lunar New Year will bring a significant increase in passenger traffic to and within China at the end of January – the National Center for Public Health told MTI on Thursday.

However, the virus appeared in Europe shortly afterwards.

China's Huawei has postponed this year's annual developer conference due to the coronavirus. The event would have been held from February 11-12 in Shenzhen, about 960 kilometers far from the site of the first appearance of the virus in Wuhan. The organizers have changed the date to March 27-28.

By Thursday night, 830 people had been diagnosed with the virus in China, while the number of deaths had risen to 25. Traffic blockades have already been introduced in nine Central Chinese cities on Friday to curb the spread of the new coronavirus. Hupei Province, the origin of the epidemic declared the highest level of public health crisis.

Security measures have also been introduced in Europe: after Belgrade airport, Rome has tightened up.

Revenues and profits at China’s state-owned enterprises hit historic highs last year, even as the country’s private firms fought for their survival amid the slowest period for economic growth in a decade.

Jack Ma, co-founder and chairman of Chinese e-commerce behemoth Alibaba, said he wants to reform globalization by bringing e-commerce to everyone in the developing world. Ma made the remarks during a panel discussion with Rwandan President Paul Kagame at a session called Digitalizing Emerging Markets at the World Economic Forum in Davos, Switzerland, on Wednesday.

Chinese Vice President Wang Qishan here on Wednesday called on countries to work together to shape the global architecture in the age of the fourth industrial revolution with the vision to create a better future for all mankind.

China will further cooperation with northern European countries on developing a green urbanization market in China, aiming to strengthen international coordination and establish green and sustainable development partnerships according to officials from both sides.


After suspending reverse repos for a week, China's central bank resumed them on Jan 14 in the hope of injecting more liquidity to prepare for Spring Festival on Feb 5.

Over the next three years the central government will invest 10 billion yuan ($1.45 billion) via a special fund to support the development of 200 economic development zones, the People's Daily Overseas Edition reported.

China's financial institutions accelerated lending to support economic growth in November, which boosted bank loans beyond the expected level.

Secretary of State Mike Pompeo and Defence Secretary James Mattis will host China Politburo member Yang Jiechi and Defence Minister Wei Fenghe on Friday. Diplomatic and security focus, but trade war likely to feature too ahead of planned meeting of presidents Donald Trump and Xi Jinping at G20.

In the next five years, China's cumulative service imports are expected to exceed $2.5 trillion, which would contribute over 20 percent to the growth of global service imports, according to a report.