Global economic growth threatens to slow in the coming months. But a hard recession is not looming, according to most economic forecasts. Stephen S. Roach is more skeptical, citing three reasons for his pessimism. Above all, a weak China could drag the global economy down with it.
By Redaktion Table
Ulrich Reichert has been China CEO of Wirtgen Group, a manufacturer of road construction machinery, for 32 years. Reichert is currently experiencing one of the most severe economic downturns he has had to manage in his long career. Sales in the infrastructure sector have recently slumped considerably. The last time he experienced a similar crisis was ten years ago, after economic stimulus programs were phased out as a result of the global financial crisis. Frank Sieren spoke with Reichert.
By Frank Sieren
Ulrich Reichert has been China CEO of the Wirtgen Group, a manufacturer of road construction machinery, for 32 years. Reichert is currently experiencing one of the deepest economic downturns he has had to manage in his long career. Sales in the infrastructure sector have recently plummeted significantly. The last time he experienced a similar crisis was ten years ago, he said, after economic stimulus programs were phased out as a result of the global financial crisis.
By Frank Sieren
China's lockdown-plagued citizens are using the Internet to express their discontent publicly. Online protests and political jokes (段子) are all the rage. Behind their temporary tolerance lies Beijing's calculation. After all, they also serve as an outlet to let off steam dangerous to the regime.
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