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EVs: German automakers face displacement + Xi Jinping rediscovers Shanghai
- Interview with Glenn Tiffert on subsidies for technology companies
- Xi Jinping's notable U-turn in Shanghai
- Putin's ally Lukashenko once again attending talks in Beijing
- German car manufacturers double patent numbers in China
- New railway line to boost trade with Vietnam
- Activist Agnes Chow moves to Canada
- Opinion: Germans aim for de-risking
Dear reader,
Because Xi Jinping's flagship projects, such as the global Belt and Road Initiative or the mega-city Xiong'an, have attracted criticism and, in some cases, are even stagnating, China's head of state is relying on proven strategies. Last week, Xi embarked on a three-day trip to the south – not entirely in the tradition of reformer Deng Xiaoping but still carrying some ambitious ideas.
Xi aims not only to strengthen the innovation capabilities of the financial metropolis Shanghai but also to catapult the competitiveness of the entire Yangtze River Delta to new heights. The economic belt spanning eleven provinces is crucial for the "rejuvenation" of the Chinese nation and the "exploration of building a modern civilization", says Xi. These are new tones. While Xi was once the party chief of Shanghai, he had long treated the region somewhat neglectfully as president.
The development of the chip industry plays a significant role in China's path to becoming a world power. Huawei recently celebrated a milestone with the development of a high-end chip in the seven-nanometer scale, despite US sanctions.
However, this is not yet a true game-changer, explains Glenn Tiffert in a conversation with Michael Radunski. The China expert from Stanford University believes that these chips cannot compete with established provider TSMC from Taiwan for a long time. You can find the details in our Feature.
In terms of price and computing speed, China is also lagging behind. The country lacks engineers in this field. Huge amounts of state capital will not change that, at least not overnight.
Because Xi Jinping's flagship projects, such as the global Belt and Road Initiative or the mega-city Xiong'an, have attracted criticism and, in some cases, are even stagnating, China's head of state is relying on proven strategies. Last week, Xi embarked on a...
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Fabian Peltsch
