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Why is China reacting so harshly to Nancy Pelosi's visit to Taiwan? Among other things, Beijing sees it as a paradigm shift on the part of the US: The historic one-China principle is being deliberately softened. The two sides are thus accusing each other of softening the status quo on the Taiwan Strait.
By Christiane Kuehl
In past years, Chinese governmental authorities have improved the enforcement and implementation of laws and regulations in several areas, creating a more effective and, from the firms’ perspective, more challenging regulatory environment for both domestic and Foreign Invested Businesses. Sinolytics’ analysis of administrative penalties in six selected regulatory areas from 2017 to 2022 (year to date) identifies production safety and environmental protection as the two areas with the largest and quickly growing number of administrative penalties. This also reflects the resources the government allocates for compliance inspection and enforcement in these two particular fields.
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The Chinese EV manufacturer BYD also wants to gain a foothold in Europe. This fall, the brand's cars are to be sold in Germany for the first time. This marks a slow revolution in the domestic market of several premium brands.
By Christian Domke Seidel