News
The climate crisis threatens financial and price stability and has put central banks on notice. Banks are still investing billions in fossil fuel industries. Are the Chinese and European central banks doing enough to fight climate change?
By Nico Beckert
Red wedding dresses, red envelopes for Chinese New Year, red lanterns. The warm color is omnipresent in the People's Republic – even in politics. In socialist countries, people are used to the symbolic color. President Xi Jinping, however, is now applying a particularly thick coat of red paint.
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