Supply chain management will continue to have hard times in 2022. Given the Winter Olympics and Party Congress, China’s government will not veer away from its Zero-Covid strategy, risking closure of production sites and delivery delays. In addition, geopolitical tensions increasingly put companies at the crossroads between complying with US/EU laws and avoiding the ire of the Chinese government.
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Common prosperity will guide the Chinese government's policies towards a more equal society. China is expected to issue substantial policies improving workers’ benefits and providing more comprehensive social welfare while strengthening prosecution of illegal incomes of the wealthy. In 2022, the negative short-term effects for businesses caused by higher labor costs might dominate, but a growing middle-class with high purchasing power can create a new customer base in the long term.
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China won 100 medals at the 2008 Summer Games in Beijing, more than any other country. The People's Republic will certainly not reach the first rank in the medal table this time at this year's Winter Olympics. However, China's athletes have been winning medals in short track and ski freestyle for years. They also have good chances in these disciplines this time. In cross-country skiing, bobsleigh and ski jumping, on the other hand, China is expected to have a hard time. Even the myriad of foreign coaches of the Chinese teams could not change that.
By Christiane Kuehl
Until 2007, China had no antitrust laws. The legal framework has undergone a dazzling development ever since, says Swiss lawyer Adrian Emch, who has lived in Beijing since 2008. Frank Sieren spoke with Emch.
By Frank Sieren
