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To achieve the pledged contribution to the climate target, China's industries would have to rapidly reduce their emissions of greenhouse gases. However, the Five-Year Climate Plan for the sector that has now been presented does not utilize its full capacity. Are the planners already preparing to overachieve in the socialist tradition?
By Nico Beckert
Staff changes at VW: Ralf Brandstaetter, the former head of the core VW brand, becomes the group's new China board member. He is supposed to secure the company's market leadership in China. It is said to relieve Herbert Diess, the Group's battered CEO, of some of his workload. But he will also lose influence. And Audi China is getting a new president in the process.
By Redaktion Table
David versus Goliath: The dispute between Beijing and Lithuania has reached a new level. For several days, Chinese customs blocked goods from the Baltic EU state. Shortly before the presentation of the EU's instrument against economic coercion, China is thus providing a prime example of a possible application of the new EU instrument. Details of this defense mechanism have yet to be worked out. Experts warn that member states could dilute it.
By Amelie Richter
Especially among the younger generation of Chinese consumers, a new consumer identity is emerging. Widely labeled “Guochao” (“National Tide”), it represents a growing preference for national brands with explicitly Chinese brand character, reflecting increasing national pride and confidence. In the past few years, several Chinese brands have successfully used a national branding strategy to increase their visibility and recognition on the Chinese market in comparison to their foreign competitor brands.
By Redaktion Table