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German imports of raw materials from the People's Republic have not declined – despite appeals to reduce dependencies. It is difficult to turn away as long as prices are low and trade relations are reliable. Comparisons with Russian gas come to mind.
By Nico Beckert
China’s State Council, led by Premier Li Keqiang, issued large-size economic stimulus programs in May to absorb some of the economic damage caused by Covid-related restrictions. However, it is becoming increasingly clear that achieving the desired economic growth while continuing current Covid policies will be impossible.
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After the riots over the weekend, Sri Lanka's government will resign. Many observers blame China for the South Asian country's biggest economic crisis. But this is not true. Even the accusation that Beijing has wrested its most important port from Sri Lanka is proving untenable.
By Frank Sieren