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Despite zero-Covid and geopolitical tensions, BASF opens its new plant in China. The chemical giant will invest a total of around €10 billion. It is the largest investment by a German company in the People's Republic.
By Redaktion Table
Our "China Perspective" column is written by authors from the People's Republic. Today's part deals with the question: How can 1.4 billion people be so docile? The Chinese endure absurd Covid lockdowns and restrictions on freedom without any objections. The answer lies partly in an education system that instills obedience into people. The other reason is much simpler and far more brutal: A fear of the authorities.
By Experts Table.Briefings
Industry and politics would be ecstatic if this were to happen: There is talk of a potential plant of Taiwanese chip giant TSMC in the EU. A possible site in Germany also seems possible, which would especially please the automotive industry. Companies are longing for greater stability of supplies.
By Redaktion Table
Officially, the Chinese government's position is to open itself to the world. In reality, however, it has launched a decoupling from the West on numerous levels, which is distancing the People's Republic further and further from the rest of the world economically, culturally and socially. A deliberate side effect is the continuously growing nationalism.
By Marcel Grzanna
Communications equipment supplier Ericsson has had to post severe losses in China thanks to the exclusion of Huawei from the 5G rollout in Sweden. However, despite technical problems and political tensions, Ericsson has no intention of being forced out of the Chinese market. The Chinese market is too important for that.
By Frank Sieren