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The Chinese economy is under pressure from multiple fronts – as the latest statistics show. Pandemic and real estate woes have weakened growth at the beginning of the year. However, the balance sheet for the past year is impressive.
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China is an export nation. But its exports are also dependent on imports. The country needs technology inputs and raw materials from abroad. And the majority has to be acquired from its geopolitical rivals. The trade war with the US has demonstrated Beijing its own vulnerability since 2018. This is why it opts for in-house developments for components and supplier diversification for raw materials.
By Christiane Kuehl
As Germany's former ambassador to China, Michael Schaefer has gained unique insights into the People's Republic. Frank Sieren spoke with the retired diplomat about human rights and the diplomatic boycott of the Winter Olympics in Beijing. Schaefer urges more unanimity among EU member states. The EU should draw red lines when it comes to importing goods produced under forced labor. At the same time, however, Europe needs to engage in intensive dialogue with China.
By Frank Sieren