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Feature

Green finance – Beijing's green credentials are deceptive

On Thursday and Friday almost 40 heads of state and government will meet at the invitation of the US president for a virtual climate summit. Xi Jinping is also expected to attend. China is a global leader in the field of green finance, i.e. green investments to restructure the economy. The problem is that in the People's Republic green bonds may also be used for "clean coal", "clean oil and gas". This is hardly compatible with climate targets. However, the authorities are striving for reform.

By Nico Beckert

Feature

German carmakers under pressure in China

In the world's largest growth market for EVs, German carmakers are still lagging behind despite great efforts. No German brand was among the ten best-selling models in 2020, while domestic manufacturers continued to extend their lead. This is because Chinese buyers have different purchasing priorities than Germans. Trends and market opportunities are on show at "Auto China", the world's largest car show with over 1000 exhibitors, which is taking place this week in Shanghai.

By Frank Sieren

Feature

Brussels wants to protect itself against economic blackmail

Europe wants to defend itself against economic coercion by other countries. The EU Commission plans to present a new "anti-coercion instrument" by the end of the year. The discussion about the right instruments is starting now. Brussels' intention behind the mechanism: It is about deterrence – not least in the direction of China. What options does the EU Commission have at its disposal?

By Amelie Richter