- End of the China boom? – interview with Joerg Wuttke
- Party press praises Germany’s Scholz
- Criticism from the German government coalition gets harsher
- Continued speculation about Hu Jintao
- Xinhua highlights China’s attractiveness for investors
- VW and BYD with strong figures
- Isolation breached at Foxconn factory
- Opinion: Volker Stanzel on Chancellor’s trip and Party conference
Following the 20th Party Congress, not only the German business wonders: Is the China boom nearing its end with Xi Jinping’s third term? Joerg Wuttke, President of the EU Chamber of Commerce in China, sees Xi’s priorities as maintaining power and stability at the cost of innovation and market economy. Speaking with Frank Sieren, Wuttke explains the complex situation we find ourselves in. True, companies can continue to do good business, especially in the manufacturing sector. But growing rivalry with China is making life difficult for them – especially as the leadership punishes them for the actions of their governments. That is why Wuttke believes the upcoming trip to China of Germany’s Olaf Scholz is “sensible and extremely important.” As Merkel once demonstrated, many things can be discussed much better in private than at a large gathering – “especially the unpleasant topics.”
Volker Stanzel, on the other hand, is less optimistic about Scholz’s visit to China and Germany’s economic opportunities in the People’s Republic. In a guest article for China.Table, the former German ambassador to Beijing explains that “the lottery called change through trade” is over. Scholz could “if not to save change, then to save the best from trade.” But that is far from being a sustainable China strategy.
Numerous politicians and even business representatives are therefore calling for a clear stance toward China during the visit. But China’s state media welcome the trip, as you will find in our analysis. The port deal, they say, is Scholz’s present for the host. However, this is precisely the perception the chancellor wanted to avoid.
The incident around Hu Jintao in the Great Hall of the People still remains a mystery: Was it a case of public humiliation or, after all, the health emergency of an ex-statesman who might be suffering from dementia? Numerous arguments and counter-arguments are circulating for both theories – practically all of them are somehow plausible, but none of them are believable, writes Christiane Kuehl. She dove deep into the online rumor mill for her analysis.
‘Xi Jinping now gathered all the yes-men’
To what extent is the 20th Party Congress a turning point in the history of modern China?
President Xi Jinping now gathered all the yes-men around him, cementing a power that has not existed for at least 30 years. None of the members of the Politburo Standing Committee belong to any other faction anymore. He cleared them all out. He no longer has to compromise in that body. So now we have to get used to the fact that Xi Jinping will stay in power for a very long time. This was not just the start of his third term in office, but probably the fourth or even the fifth.
At least two of the newcomers, Li Qiang and Li Xi, served as party leaders in the progressive boom provinces of Shanghai and Guangdong.