With "Thor – Love and Thunder," another Marvel blockbuster has skipped China. Protectionist policies have prevented major US releases for years. Instead, patriotic Chinese productions are climbing the box office. The Chinese and global cinema markets are drifting further and further apart – a missed financial opportunity for both sides.
By Redaktion Table
Foreign enterprises in China are re-assessing their China strategy in face of both stringent covid policies and decoupling trends. The statistics on their business performance, as given by the National Bureau of Statistics, underline that they have reasons to be worried. Foreign companies in China have recorded low revenue growth in 2022 year-to-date compared to the same period last year. Further, their operating profitability decreased from the high point in 2021.
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The Baltic exit from China's Cooperation Initiative in Eastern and Central Europe became a reality last week. Latvia and Estonia followed Lithuania and announced their withdrawal from the 16+1 format. Is this the beginning of the end for the remaining 14+1 format?
By Amelie Richter
The world's longest tunnel is supposed to be the answer to the persistent water shortage in northern China. In the future, engineers plan to divert water from the middle reaches of the Yangtze River into the controversial canal system that has supplied the Chinese capital with drinking water for years.
By Christiane Kuehl