The raised minimum wage in Hong Kong is supposed to help keep social peace in the city. The cost of living here is higher than almost anywhere else in the world. Critics complain about clientelism and fear rising numbers of people on welfare. The authorities, however, see employment as an intrinsic benefit to life, health and the spirit.
By Marcel Grzanna
The big boom for German companies failed to materialize after the Covid reopening. Still, they want to continue to invest. They also hope their concerns will be addressed in the upcoming government consultations.
By Jörn Petring
If Moscow had its way, China would currently be buying as much gas as possible from its neighbor. Russia is eager to compensate for the collapsed demand from the EU. However, Beijing is slowing down the planned Power of Siberia 2 pipeline. This could be a tactical move, but not the only reason. Beijing is focusing on energy diversification.
By Jörn Petring
China faces significant economic and societal problems due to low birth rates. A series of measures, such as financial incentives and improved childcare services, aim to address the issue, while some advisors propose more radical approaches. The prospects for success are debated as the root problem runs deeper.
By Fabian Peltsch
