- China and Russia – new front against the West?
- Huawei seeks its way out of the US trap
- Limits to Iranian isolation
- EU decides on further aluminum tariffs
- Forced labor in Xinjiang – charges filed in France against clothing manufacturer
- Fewer Chinese want to buy ivory
- Knorr-Bremse invests in Dalian
- Tools: Regulations in Export Control Law
- Profile: Fabian von Heimburg
At first glance, the friendship between China and Russia is boundless. In 2017 and 2018, Putin and Xi awarded each other their respective countries’ highest honors. Apart from awarding medals, the countries cooperate in payment transactions, commodity deals and have joint space plans. However, as Michael Radunski reports: When it comes to the military, the New Silk Road and Arctic policy, the friendship is not without tensions.
To mitigate US sanctions, Huawei has stockpiled massive amounts of chips. But even the largest stockpile eventually runs out. Finn Mayer-Kuckuk took a close look at the company’s annual strategy presentation and reports: The global chip shortage could soon hit Huawei especially hard.
Frank Sieren looks at China-Iran relations. Beijing is increasing its oil imports from the country and recently signed a cooperation agreement with Tehran. Although the agreement remains vague, pressure is mounting on the EU, which also wants to do good business with Tehran, as Sieren reports. What Brussels and Beijing have in common is that both sides want to stick to the nuclear agreement with Iran.
Today, I would especially like to recommend China.Table “Tools” to you. In this new category, external experts will now provide you with useful tools that will help you navigate through the Chinese legal system, explain innovations in business regulation and give you practical tips for success in the Chinese market. We will start with Shanghai lawyer and partner Sebastian Wiendieck from Rödl & Partner.
Nico Beckert
Feature
China and Russia – new front against the West?
Angela Merkel and Heiko Maas are alarmed. The German chancellor and her foreign minister are unanimously warning that Russia must not be driven into China’s arms – and thus justifying their adherence to Nord Stream 2, for example.
The German-Russian pipeline project is highly controversial in the West. But while the debate continues here, thousands of kilometers to the east, facts have long since been established: “Power of Siberia” is the name of the Chinese-Russian counterpart to Nord Stream 2. Since 2019, the pipeline has been delivering gas from Yakutia to the People’s Republic. Beijing has secured Russian gas for the next 30 years – for $400 billion.
More than gas and oil
The fact that the rediscovered closeness between China and Russia is not limited to trade in raw materials became clear again in March: While a frosty ice age prevailed between China and the US in Alaska, Beijing and Moscow demonstrated the greatest possible harmony at the foreign ministers’ meeting in Guilin in southern China. Ruan Zongze of the China Institute of International Studies emphasized to the Chinese newspaper Global Times the global focus. “The two countries are showing their determination to maintain global justice in a multipolar world, while the US is imposing its ideology on others under the guise of multilateralism and interfering in states to assert its own hegemony.”
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