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During the Covid epidemic, the Chinese state has enabled local governments to borrow at record levels. They are supposed to use it to pay for infrastructure projects and thus boost the economy. As a result, China's economy has grown as desired but so has the debt burden. Depending on how it is calculated, it even exceeds US debt as a share of GDP. But China has some decisive advantages.
By Frank Sieren
It is supposed to be the Android killer and free the company from part of its US dependency. Indeed, Huawei showed many interesting and useful features during the presentation of HarmonyOS. A gradual market launch is now starting in Asia. But how new is the new product really? Experts smell a label fraud.
By Finn Mayer-Kuckuk
Institutional arrangements are complex systems, shaped by history, geography, and culture. The objective should not be to identify a one-size-fits-all approach, but rather to devise the combination of characteristics that would deliver the greatest good for the greatest number of people, with the right checks and balances.
By Redaktion Table