News
The high dependence of German industrial companies on the People's Republic of China is one of the lessons learned from the Covid pandemic. Companies like Philipp Kirsch, a producer of laboratory refrigerators, now want to spend more money on key components in its value chain and acquire them in Europe. The big question: Is the consumer also prepared to pay higher prices?
By Marcel Grzanna
Recent power shortages caused grave concerns among companies in China. The system of largely fixed power pricing seemed ill equipped to compensate for changes in coal consumption. But China’s National Development and Reform Commission illustrated once more that in acute cases it can very effectively intervene in the market. It employed a mix of market-oriented liberalization steps and strong direct state intervention to bring down coal prices within a week and stabilize the market, analyzed Sinolytics.
By Redaktion Table