Dessert
To secure its energy supply, China builds new coal-fired power plants and massively expands coal production. Yet China claims to be climate-friendly. This is because the power plants are to be used as flexible backups for renewable energies. But even if the power plants are only operated temporarily, China's dependence on coal jeopardizes the Paris climate targets.
By Nico Beckert
Covid lockdowns and the war in Ukraine are weighing on the bottom lines of European companies in China. The mood is rapidly slipping. Some companies are already asking themselves how much they should still rely on China in the future. Therefore, the EU Chamber of Commerce is urgently calling on the Chinese authorities to change their zero-Covid strategy and finally reopen the country's borders.
By Redaktion Table
China is sticking to its target of 5.5 percent growth for this year - even though the Premier has set it before the big lockdowns. As a result, Western analysts have long since downgraded their forecasts. However, top economist Justin Lin still considers the target to be realistic.
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