- Biden wants to put G7 on track against China
- Charging network for e-cars grows at record pace
- Security index: Germans see China as a small risk
- Australia: WTO to punish Beijing
- Steel exports up 20 percent
- Record growth in producer prices
- Viewpoint: Three-child policy not enough
170 billion dollars played a geopolitical role at two different events worldwide. That’s how much money the U.S. Senate wants to spend to upgrade the research and technology sector to compete against China. This comes, not coincidentally, just days before the G7 summit. US President Joe Biden wants to form an alliance against China, Felix Lee analyses. State and party leader Xi Jinping counters in a congratulatory letter at the start of the China-Central and Eastern Europe Expo: 170 billion is the value of imported goods from participating European countries over the next five years, he promises. Let’s see how the investments pay off.
The circumstances for e-car drivers are annoying to adventurous when they want to charge their batteries. But it all starts very promisingly: China has installed two-thirds of the world’s public charging points for e-cars in recent years. The country is moving strictly along the path of progress and has set itself ambitious goals. But even the self-proclaimed home of electromobility suffers from the pitfalls of everyday life, reports Nico Beckert. Many of the charging stations are defective – or they only provide electricity at all after long phone calls with the operator.
Biden wants to put G7 on Track against China
The G7 call themselves the world’s leading industrialized nations. Yet one particularly big player is not there: China. At least not as a participant; as a topic, however, it will dominate. When the heads of government of the US, Japan, Germany, France, the UK, Canada and Italy convene for their three-day meeting in Carbis Bay in Cornwall, the People’s Republic will be the main topic of discussion alongside the pandemic.
The seven Western industrialised nations want to agree on a global infrastructure partnership at the summit. The aim is to drive forward major construction projects in emerging and developing countries, reports Handelsblatt, which has a paper to this effect that the G7 states are currently negotiating. At first glance, this sounds harmless. But what lies behind it is nothing less than a counter-model of the Western industrialised countries to China’s Silk Road Initiative, officially known as the Belt and Road Initiative.
The Chinese leadership, which has been pursuing this program since 2013, wants to span much of the world with a trade network: Build ports, airports, railways, pipelines and roads – all with Chinese money. What many thought unimaginable until recently is already a reality. The leadership in Beijing had announced around one trillion dollars for this comprehensive program by 2025. Nearly 730 billion dollars it has already invested or firmly planned until 2019, suspects trade economist Alexander Sandkamp of the Kiel Institute for the World Economy (IfW). “The fact is that a lot of money has already been put in hand and will continue to be.”