
For many years, nothing worked in China without involving the Danwei: Applying for a passport, getting married, getting divorced – permission from the work unit had to be obtained first. With the start of China's economic reforms, it lost importance. In the wake of the Covid pandemic, however, these small social units got a new boost: Is the Danwei celebrating a comeback with digital support?
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In addition to Evergrande's real estate projects, asset products of Evergrande's Wealth Management were deemed a safe investment. Many bank consultants recommended them to retail investors. What will happen to their investments now, and how will they react to the constant stream of bad news? Beijing is taking its time with a final decision.
By Ning Wang
The second entry in IfW Kiel's Global China Conversations series took on one of the most heated topics in international trade policy: China's subsidies and their impact on Western companies. An IfW survey shows that competitive pressure is already being felt across the board.
By Amelie Richter